OUTPATIENT PROJECTS: SmithGroup JJR designs fifth clinic in Phoenix area for Mountain Park Health
TEMPE, Ariz. – Phoenix-based Mountain Park Health, a practice with eight locations in the metropolitan area, recently moved into its newest building, a $14 million, 32,000 square foot clinic in Tempe.
OUTPATIENT PROJECTS: Rural system in Maine starts $13.7 million MOB on its campus in Damariscotta
DAMARISCOTTA, Maine – LincolnHealth, which is part of Portland, Maine-based MaineHealth, is building a $13.7 million, 39,800 square foot outpatient facility on its main hospital campus, the LincolnHealth-Miles Campus in Damariscotta.
Industry Pulse: New firm brings Bremner name back to HRE sector
Jim Bremner joins two other former Duke Realty executives launch new HRE development firm One of the most familiar names in healthcare real estate (HRE) is back in the game. Jim Bremner has reunited with two former Duke Realty (NYSE: DRE) colleagues, Bill Mooney and Ron Penix, to form Bremner Real Estate. The new Indianapolis-based HRE development firm opened for business in early July. In […]
OUTPATIENT PROJECTS: Erlanger breaks ground for MOB
Four-story, 80,000 square foot facility will house a range of outpatient services By Murray W. Wolf Erlanger Health System and Johnson development broke ground Sept. 19 for a new $18 million, four-story, 80,000 square foot cancer center and medical office building (MOB) on 4.88 acres at 1635 Gunbarrel Road in Chattanooga, Tenn., on the campus of Erlanger East Hospital. The new outpatient […]
Companies & People: Five questions for John Thomas
Physicians Realty Trust CEO credit relationships for recent flurry of acquisitions By John B. Mugford Coming off a remarkable 2016 in which Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired about $1.3 billion worth of healthcare facilities, mostly medical office buildings (MOBs), officers with the real estate investment trust (REIT) indicated they were not likely to […]
HOT PROPERTY: MOBs offered in suburban Philly
Four-building, 74,212 square foot complex is near hospitals in East Norriton, Pa. – John B. Mugford Name: Norriton Medical Center No. of buildings: 4 Address: 160-190 W. Germantown Pike City: East Norriton, Pa. Square feet: 74,212 Land area: 7.31 acres Year completed: 1991 Occupancy: 91.5 percent Parking: 310 spaces Seller: Franklin Realty Development Brokerage: HFF […]
TRANSACTIONS: HREI introduces new feature: Revista rankings charts
Healthcare Real Estate Insights™ is pleased to introduce a new feature: a series of informational charts from the healthcare real estate (HRE) data firm Revista. Each month, we will bring you a new chart that takes a closer look at a different aspect of the HRE sector.
INDUSTRY PULSE: HTA’S BIG Q2 BOOSTS ITS PORTFOLIO BY 34 PERCENT
Acquisitions from Duke Realty and others have made it the nation’s largest MOB owner To say that the second quarter (Q2) was a big one for Scottsdale-based Healthcare Trust of America Inc. (NYSE: HTA) would be quite an understatement, as the company’s investments increased the size of its portfolio by about 34 percent and propelled it to […]
News Release: Cornerstone Begins Development on Second Facility for OSF Healthcare
INDIANAPOLIS — Cornerstone Companies is scheduled to begin work on a new outpatient primary care facility for OSF Healthcare in Godfrey, Illinois. The development will include approximately 8,200 square feet of medical office space. The new facility will be built at 107 Watters Drive, Dwight, Illinois, and construction is expected to take seven months, completing […]
News Release: The Missner Group Completes New Location For Illinois Bone & Joint Institute In Lake Bluff And Chicago, Illinois
Expansion Also Completed at Bannockburn, Illinois Location (Des Plaines, Illinois) – The Missner Group is pleased to announce that the firm has completed renovations in Lake Bluff and Chicago, Illinois, bringing two new locations for the Illinois Bone & Joint Institute (IBJI) to the Chicago area. The construction firm has also completed an expansion of […]
News Release: BGL Real Estate Partners Announces the Sale of Kleiman Evangelista Eye Center
Chicago, IL – September 21, 2017 – BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of the Kleiman | Evangelista Eye Center, located in Arlington, Texas to Inland Private Capital. BGLREP’s National Healthcare Real Estate team served as the exclusive advisors to […]
News Release: Berkadia’s Seniors Housing and Healthcare Group Finances Over $1 Billion in One Day
SEPTEMBER 20, 2017 NEW YORK – September 20, 2017 – Today, Berkadia’s Seniors Housing and Healthcare Group announced the closing of over $1.03 billion in financings in one day. The September 7 financings consisted of two separate transactions. The first financing was over $995 million for Columbia Pacific Advisors’ (CPA) acquisition of Hawthorn Retirement’s properties, and […]
News Release: MedProperties Holdings acquires multistate Harrison Street healthcare real estate portfolio
The acquisition is the largest to date for the Dallas-based private equity firm. It includes a diverse 10-state, 17-property, 92% leased portfolio totaling 620,750 square feet, with an approximate cost of $230 million. DALLAS, Sept. 13, 2017 – Acquiring any sizable healthcare real estate (HRE) portfolio can be a challenge. But the recent acquisition of […]
News releases: Farbman closed on 57,964 SF of new and renewed leases for medical space in August
For the month of August, Farbman closed on 57,964 SF of new and renewed leases for medical space, including a 38,476 SF lease renewal to VHS Children’s Hospital of Michigan, Inc. and 10,381 lease renewal to VHS Rehabilitation Institute of Michigan Inc. in Clinton Township and Sterling Heights, Michigan respectively. Office/Medical Leases 38,476 SF lease […]
News Release: HFF Sold: UNC Wellness Center, Cary, NC
HFF announces the closing of UNC Wellness Center HFF advised the owner Pacolet Milliken Enterprises Inc. on the sale Closed September 2017 Size 58,843 square feet 100% investment-grade tenancy to UNC Healthcare 18 years of remaining lease term 20,000 + square feet of future development opportunity Located on one of the fastest growing markets in […]