Transactions: Flagship Healthcare acquires ASC in Holly Springs, N.C., 7th facility in its second fund
HOLLY SPRINGS, N.C. – Charlotte, N.C.-based Flagship Healthcare Properties in October acquired the newly completed Holly Springs Surgery Center at 600 Village Walk Drive in Holly Springs for $6.8 million, according to data from Real Capital Analytics (RCA) Inc.
Outpatient Projects: Hospital in Arlington, Va., has plans for a 230,000 square foot outpatient pavilion
ALEXANDRIA, Va. – As part of a planned expansion, Virginia Hospital Center (VHC) in Arlington wants to build a 230,000 square foot, seven-story outpatient pavilion.
Inpatient Projects: UPMC to invest in digital hospitals
Three new Pittsburgh-area facilities would come at a cost of about $2 billion By John B. Mugford The University of Pittsburgh Medical Center (UPMC), a system with more than 25 hospital campuses, is planning three new specialty hospitals focused on using translational science to provide personalized patient care.
Post-Acute & Senior Living: MorningStar and Confluent break ground for 85-suite senior living community in Santa Fe, N.M.
SANTA FE, N.M. –In more New Mexico news, Morning Star Senior Living and Confluent Senior Living recently broke ground for a new senior living community on four acres in Santa Fe.
Inpatient Projects: Stanford’s $1.2 billion Lucile Packard Children’s Hospital opening in December
PALO ALTO, Calif. – Under construction since 2012 and planned for nearly a decade, a new 521,000 square foot, $1.2 billion expansion is scheduled to open in December
Industry Pulse: Are Speculative MOBs making a comeback?
More MOB projects are being started without hospital or health system anchors in place Before the onset of the Great Recession, the medical office building (MOB) market was coming into its own as an asset class. MOB sales and development was booming as the sector garnered new attention from investors and capital sources.
2017 HREI Insights Awards: Celebrating five years of excellence
HREI Insights Awards™ have honored the best of the best in healthcare real estate since 2013 Excellence is defined as “the quality of being outstanding or extremely good.” That definition definitely fits the people and projects included in the 2017 HREI Insights Awards™.
Outpatient Projects: Rendina to develop MOB that will add about 120,000 square feet to Memphis, Tenn.-area campus
GERMANTOWN, Tenn. – Campbell Clinic has retained Rendina Healthcare Real Estate to be its representative in connection with the design, development and construction of a new facility on the clinic’s existing German town campus.
News Release: Adolfson & Peterson Construction Completes New Medical Office Building in Southlake
12/22/2017 SOUTHLAKE, Tex. – Adolfson & Peterson Construction (AP) recently completed a new Medical Office Building for United Surgical Partners, Inc. (USPI) in Southlake, located at the SW corner of Tower Blvd. and Southlake Blvd. Developed by USPI and designed by E4H Architects, this project includes a ground-up, two-story MOB with approximately 46KSF. The scope of […]
News Release: Physicians Realty Trust Announces Year-to-Date Investment Activity of $1.4 Billion
Date: 12-21-2017 Declares Quarterly Cash Dividend and Announces Date for Fourth Quarter 2017 Earnings Release and Conference Call MILWAUKEE–(BUSINESS WIRE)– Physicians Realty Trust (NYSE:DOC) (the “Company”) announced today that the Company’s Board of Trustees has authorized and the Company has declared a quarterly cash dividend of $0.230 per common share and unit for the quarter […]
News Release: Avison Young Arranges Sale of Assisted Living Community in Maryland
PERRY HALL, Md. (Dec. 14) – Avison Young announced today that it has arranged the sale of Quail Run Assisted Living, a 64-unit community in Perry Hall, Md. Birchwood Health Care Properties purchased the assisted living-memory care community. Representing the seller were Avison Young’s Dan Baker, vice president, and Jim Kornick, principal. The owner and […]
News Release: Hammes Partners announce closing of Fund III
Hammes Partners holds final close on $687 Million healthcare real estate fund MILWAUKEE, December 19, 2017 – Hammes Partners, a private equity firm focused exclusively on the U.S. healthcare real estate market, has announced the over-subscribed final closing of Hammes Partners III, LP (the “Fund”). Hammes is pleased to have reached its hard cap, with […]
News Release: Town center project announced for NKU’s gateway
Mixed-Use Development and Medical Office Building Plans Announced Northern Kentucky University’s gateway into campus will be changing, as NKU, in partnership with development partner Fairmount Properties, announces plans for a mixed-use development and professional office building along U.S. 27 and Nunn Drive. A pedestrian-scaled, mixed-use “town center” style district is being developed on the south […]
News Release: Ryan Companies Breaks Ground on New Senior Living Community in Addison, Illinois
NAPERVILLE, IL (DEC 16, 2017) LCS®, Harrison Street Real Estate Capital and Ryan Companies US, Inc. announce the start of construction of the partnerships third new senior living community in 2017, Clarendale of Addison. The $45M project will provide the same Class A continuum of care as other Clarendale communities, which include; independent living residences, […]
News Release: H2C Advises Phoebe Putney Health System on its Sale of Phoebe Senior Living at Morningside to Care Investment Trust
FOR IMMEDIATE RELEASE NEW YORK — December 15, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare focused strategic advisory and investment banking firm, served as the exclusive financial advisor to Phoebe Putney Health System (“Phoebe”) on the sale of Phoebe Senior Living at Morningside (“Morningside” or the “Community”) to Care Investment Trust (“CIT”), a real estate […]