Hot Property: A small gem in the San Gabriel Valley
Fully occupied MOB in West Covina, Calif., is within two miles of 238 restaurants Name: West Covina Medical Square Address: 1500 block W. Garvey Ave. N. West Covina, Calif. No. of buildings: 2, Square feet: 22,564 Occupancy: 100 percent, Number of tenants: Five Avg. remaining lease term: 4.79 years Brokerage: CBRE SoCal Investment Properties Brokers: Gary P. Stache, […]
Companies & People: Hammes Company hires former health system director of design and construction
In more news from Hammes Company, the Brookfield-based firm has hired a health system executive as part of its Columbus, Ohio, office. Douglas Coover, previously the director of director of design and construction at a four-hospital East Coast system, joined Hammes as VP of facility development.
Post-Acute & Senior Living: Caddis’ Heartis brand continues its Midwest expansion with a senior project in Wisconsin
GLENDALE, Wis. – Dallas-based Caddis, under its Heartis brand, has started the development of its project in Wisconsin. The 105 unit, 96,770 square foot Heartis Village North Shore, in the Milwaukee suburb of Glendale, is expected to open in early 2019.
Companies & People: NexCore Group hires two design and construction veterans during a time of growth
Denver-based NexCore Group recently hired design and construction veterans Rob Stieg and Kyle Robbins.
Post-Acute & Senior Living: Select Medical to open LTACH inside Missouri Baptist Medical Center in St. Louis
ST. LOUIS – Mechanicsburg, Pa.-based Select Medical Corp. (NYSE: SEM) recently announced that it will reconfigure space and open a long-term acute care hospital (LTACH) inside Missouri Baptist Medical Center in St. Louis.
Post-Acute & Senior Living: ESI arranges sale of Wisconsin community based residential facility near Milwaukee
GREENDALE, Wis. – In more news from Wisconsin, Evans Senior Investments (ESI) recently announced that it represented an independent seller in the sale of Clifden Court, a 92-unit community based residential facility (CBRF) in Greendale.
Post-Acute & Senior Living: Brea, Calif., approves plans for two-story, 29,500 sq. ft. Silverado memory care community
BREA, Calif. – The Brea Planning Commission recently voted 5-0 to approve a conditional use permit clearing the way for Irvine, Calif. based Silverado Residential Care to develop a two-story, 39-unit, 29,448 square foot residential memory care facility.
Outpatient Projects: Seavest completes renovations and renames MOBs it owns on campus in Fairfax, Va.
FAIRFAX, Va. – White Plains, N.Y.-based Seavest Healthcare Properties LLC recently completed $1.7 million worth of renovations at its the two-MOB complex on the campus of the 182 bed Inova Fair Oaks Hospital in Fairfax,
Post-Acute & Senior Living: Dealing with troubled operators
In earnings call, NHI officials discuss how they handle struggling properties By John B. Mugford While most owners of senior housing property remain bullish on the sector, especially over the long term, many find themselves having to take measures to turn around struggling facilities and, perhaps, change operators within their portfolios in the short […]
Companies & People: Anchor Health hires David Chung, formerly of Duke Realty, to lead business in the West
Anchor Health Properties, a full-service healthcare real estate (HRE) firm with six offices nationwide, has hired David Chung as executive VP for its operations in the western United States.
Industry Pulse: Mob demand remains high despite uncertainty
Despite uncertainty, MOBs remain hot with investors thanks to favorable demographics Ongoing uncertainty about healthcare will likely persist for an extended period, but positive demographic factors continue to support a growing medical office building (MOB) market.
Outpatient Projects: Ryan Companies breaks ground for MOB near Tampa, Fla.; Colliers brokers lease
TAMPA, Fla. – In more news from the Tampa area, Florida Orthopaedic Institute has signed a leased for 29,000 square feet in the future Brandon Gateway Medical Plaza being developed in the suburb of Brandon, Fla.
Inpatient Projects: VA selects site for $925 million, 104-bed replacement for medical center in Louisville, Ky., area
LOUISVILLE, Ky. – More than a decade after announcing plans to replace the 1950s-era Robley Rex VA Medical Center in the Louisville, the U.S. Department of Veterans Affairs (VA) has selected a site.
Post-Acute & Senior Living: HCP details plan to reduce its Brookdale portfolio, both operating and triple-net
LONG BEACH, Calif. – Long Beach-based HCP Inc. (NYSE: HCP), announced Nov. 2 that it has completed several transactions with Brentwood,
Inpatient Projects: Highmark, Allegheny in Pittsburgh to invest more than $1 billion in the region
PITTSBURGH – As noted on the previous page, the University of Pittsburgh Medical Center (UPMC) plans to invest about $2 billion in three new specialty hospitals.