Inpatient Projects: Work starts on 644,000 square foot tower at UT Southwestern Med Center in Dallas
The 1.2 million square foot UT Southwestern Medical Center William P. Clements Jr. University Hospital is to get even bigger in coming years, as ground was broken in September for the future 644,000 square foot Tower III.
Trasactions: Vukota Capital pays $22.4M for MOBs in Van Nuys, Calif.; CBRE represents seller
A joint venture of Chicago-based Harrison Street Real Estate Capital LLC and Greenwood Village, Colo.-based Vukota Capital Management (VCM) recently acquired the two-building, 102,787 square foot Valley Medical Plaza Portfolio in Van Nuys, northwest of Los Angeles.
Industry Pulse: 10-Asset Rendina Mob Portfolio On The Market
JLL healthcare team is marketing six-state, 10-property, 489,301 square foot portfolio One of the medical office building (MOB) sector’s longstanding, better-known development firms is putting a portfolio of properties on the market at a time when pricing remains as high as It’s ever been.
Companies & People: John Goodey to succeed Scott Estes as Welltower Inc.’s CFO; two others promoted
Toledo-based Welltower Inc. (NYSE: HCN) has named John Goodey as executive VP and chief financial officer (CFO). Mr. Goodey, previously the senior VP – international, succeeds Scott Estes, who is leaving to pursue other opportunities.
Inpatient Projects: Morton Plant Hospital in Clearwater, Fla., opens its new $200 million tower
The 687-bed Morton Plant Hospital in Clearwater recently opened its new 200,000 square foot Doyle Tower, a four-story facility that adds a new main entrance, an ambulatory surgery center (ASC), a women’s services area and a 52-bed orthopedic unit.
Inpatient Projects: Brooks Memorial, 40 miles south of Buffalo, N.Y., chooses site for $67 million replacement
Brooks Memorial Hospital in Dunkirk, N.Y., along Lake Erie about 40 miles southwest of Buffalo, has chosen a site near U.S. Interstate 90 in the Town of Pomfret for its planned $67 million replacement.
Transactions: New REIT, CNL Healthcare Properties II, agrees to acquire first MOB, in Kansas
Making its first purchase as a new non-traded real estate investment trust (REIT), Orlando, Fla.-based CNL Healthcare Properties II entered an agreement to acquire a two-story, 38,496 square foot MOB in Overland Park, outside of Kansas City, Kansas.
Industry Pulse: Are Sub-5 Cap rates the new normal? Not likely
Recent ultra low cap rate transactions were unique situations, Inter Face panelists contend Despite recent medical office building (MOB) portfolio sales that some sources say resulted in capitalization rates of less than 5 percent, those kinds of cap rates are not the new normal in the healthcare real estate (HRE) space.
Trasactions: MOB in Nevada town trades hands for $15.96M; Fairfield Advisors brokers the sale
A newly opened 57,021 square foot MOB recently traded hands for $15.96 million in Pahrump, about an hour west of Las Vegas.
Companies & People: Hammes hires Chris Stanley as VP of business development in the Southeast
In other news from Hammes Company, the firm says it has hired Chris Stanley as VP of business development for its Southeast region.
Companies & People: Meridian hires Andrew Hoover, former health system exec, in Southern California
San Ramon-based Meridian, which has more than 300,000 square feet of healthcare projects in development and redevelopment, recently hired Andrew “Andy” Hoover as VP of business development.
Transactions: DOC REIT benefits from more ROFRs
Physicians Realty Trust agrees to buy three MOBs through rights of first refusal By John B. Mugford Rights of first refusal (ROFRs) have been good to Milwaukee-based Physicians Realty Trust (NYSE: DOC) in 2017.
Inpatients Projects: Novant Health opens new $67 million replacement orthopedic hospital in Charlotte
Charlotte-based Novant Health in mid-October opened a new replacement orthopedic hospital in midtown Charlotte, next to Novant Presbyterian Medical Center.
Companies & People: Stage Equity opens new regional office in Texas, hires Teresa Eoff as executive VP
Chicago-based Stage Equity Partners LLC, which invests in healthcare facilities, has opened an office in Texas and hired Teresa Eoff as executive VP there.
Trasactions: Virtus Real Estate acquires MOB in Hialeah, Fla.; hires Aurum to manage facility
Austin, Texas-based Virtus Real Estate LLC, a private equity firm, recently acquired the 68,000 square foot Hialeah Medical Plaza, an MOB attached to the 378-bed Hialeah Hospital, part of Tenet Healthcare Corp. West Palm Beach, Fla.-based Aurum Property Partners LLC marketed the property for the seller, […]