News Release: Tennova Healthcare to Reconfigure Knoxville Operations
KNOXVILLE, Tenn. (Jan. 23, 2018) – Tennova Healthcare today announced a new strategic plan to enhance care and the experience of patients and physicians at its Knoxville area hospitals. Under the plan, Tennova will reconfigure the inpatient services offered at North Knoxville Medical Center, Physicians Regional Medical Center and Turkey Creek Medical Center and develop […]
News Release: Cornerstone teams up with Eye Surgeons of Indiana to develop innovative new facility
Cornerstone looks forward to the completion of a joint development project with Eye Surgeons of Indiana—a brand-new medical office building at 92nd and Meridian in Indianapolis. This new $18-million-dollar, 50,000-square-foot facility will include a surgery center on the first floor, as well as ophthalmology and optometry offices. Eye Surgeons of Indiana will occupy roughly 70 […]
News Release: Tennova Healthcare to Reconfigure Knoxville Operations
KNOXVILLE, Tenn. (Jan. 23, 2018) – Tennova Healthcare today announced a new strategic plan to enhance care and the experience of patients and physicians at its Knoxville area hospitals. Under the plan, Tennova will reconfigure the inpatient services offered at North Knoxville Medical Center, Physicians Regional Medical Center and Turkey Creek Medical Center and develop […]
News Release: Ridgeline sells medical office building in Flower Mound
FOR IMMEDIATE RELEASE FLOWER MOUND, Texas – (January 22, 2018) – Ridgeline, a privately-held commercial real estate investment company, has sold Prairie View Medical Plaza, a 43,119-square-foot medical office building located in the heart of Flower Mound, Texas. “When we purchased this property, we believed that the property’s location and surrounding demographics would only continue […]
Thought Leaders: Vital Signs: Strong real estate fundamentals unfazed by regulatory challenges
The last six months have brought dramatic changes to both healthcare regulations and policy-making, all of which portend significant challenges for healthcare providers and their real estate partners in the coming months. After numerous attempts to repeal the Affordable Care Act outright, Congress failed to bring its final attempt to a vote in September, closing out the opportunity to execute […]
News Release: Announcement – $10,625,000 Medical Office Sale in Sebastian FL – Fairfield Advisors
Fairfield Advisors announces sale of Indian River Medical Center in Sebastian, FL. – $10,625,000 Transaction – January 22, 2018 – (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Indian River Medical Center located at 801 Wellness Way in Sebastian, FL. The medical […]
News Release: Investors Real Estate Trust Press Release: IRET Completes Sale of Two Additional Medical Office Buildings
IRET Completes Sale of Two Additional Medical Office Buildings MINNEAPOLIS, Jan. 22, 2018 /PRNewswire/ — IRET (NYSE: IRET) completed the sale of two additional medical office buildings on January 19, 2018, for an aggregate sale price of approximately $30.5 million. This follows the Company’s announcement on January 2, 2018, that it sold 25 medical office buildings for an aggregate sale price of approximately $367.7 million. With […]
News Release: SMH Moves Forward with Plans for ‘Destination’ Cancer Program
Tuesday, January 16, 2018 SARASOTA, Fla. (Jan. 16, 2018) – Sarasota Memorial Health Care System is moving ahead with plans to develop a comprehensive cancer program with premier facilities that will offer services across the entire continuum of cancer care — from prevention, screening, diagnosis and treatment, to follow-up care, survivorship and support. The Sarasota County […]
News Release: MorningStar Senior Living, Confluent Senior Living Begin Construction on Rio Rancho Community
Project Partners Begin Second Development in Metro Albuquerque RIO RANCHO, NM (January 16, 2018) – Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on a new senior living community in Rio Rancho, New Mexico. The 70,863-square-foot development in the northern suburb of Albuquerque will deliver 77 units for assisted living and memory […]
News Release: Elliott Bay Announces 2017 Activity: 37 Properties Acquired, Three Independent Members Join Board of Directors
NEWS PROVIDED BY Elliott Bay Capital Trust Jan 12, 2018, 11:40 ET SEATTLE, Jan. 12, 2018 /PRNewswire/ — Elliott Bay Capital Trust (“Elliott Bay“), a privately held real estate investment firm that invests in mission-critical healthcare properties leased by leading specialty care providers, hospitals, and health systems, has announced the expansion of its national portfolio of healthcare real estate […]
News Release: Seniors Housing Occupancy Rate Steady at Relatively Weak 88.8% in Fourth Quarter
Assisted Living Occupancy Rate Near Cyclical Low, While Independent Living Occupancy Rate Remains Above 90% FOR IMMEDIATE RELEASE: Thursday, January 11, 2018 Contact: Biba Aidoo, baidoo@nic.org; 410-267-0504 ANNAPOLIS, Md. – The occupancy rate for seniors housing properties averaged 88.8% in the fourth quarter of 2017 unchanged from the prior quarter and down 0.7 percentage point from year-earlier levels. This placed occupancy […]
News Release: Healthcare Real Estate Insights and Revista to publish outpatient development survey
Deadline is Feb. 9, 2018, to contribute data – and get an exclusive sneak preview of the results – for the second independently verified survey of medical real estate projects MINNEAPOLIS, Jan. 10, 2018 – Revista and Healthcare Real Estate Insights (HREI) are launching the second annual survey that is the healthcare real estate (HRE) […]
Outpatient Projects: PMRG and physician partners start work on new 58,000 s.f. MOB adjacent to Baylor Scott & White hospital in Irving, Texas
IRVING, Texas – Local news media reports that Houston-based PMRG, along with several physician partners, recently began construction of a three-story, 58,000 square foot MOB adjacent to the 296-bed Baylor Scott & White Medical Center – Irving hospital. The new Medical Office Building III is roughly 80 percent pre-leased to medical providers, including, HealthTexas Provider […]
Outpatient Projects: State approves $25.3 million, 52,704 s.f. MOB for OSF St. Joseph Medical Center in Bloomington, Ill.
BLOOMINGTON, Ill. — The Illinois Health Facilities and Services Review Board (IHFSRB) voted unanimously yesterday (Jan. 9) to approve an application from OSF St. Joseph Medical Center in Bloomington to develop a $25.3 million, 52,704 square foot on-campus MOB. The hospital, part of Peoria, Ill.-based OSF Healthcare System, plans to fund the project with bonds. […]
News Releases: Trio Combines For $35 Million In Philanthropic Gifts In Support Of Boca Raton Regional Hospital Initiative
JANUARY 9, 2018 BOCA RATON, FL – January 9, 2018 – Boca Raton Regional Hospital (BRRH) is poised on the doorstep of a transformative $260 million capital project and three of its most passionate supporters made historic philanthropic gifts to demonstrate their commitment. Long-time BRRH supporters and donors Stanley and Marilyn Barry, Christine E. Lynn, and […]