Inpatient Projects: $385M hospital gets started in S.C.
262-bed children’s facility to include a women’s pavilion at teaching hospital By John B. Mugford Ground was broken in recent weeks in Charleston, S.C., for what will be the largest children’s hospital in the state. Scheduled to open during the fourth quarter (Q4) of 2019 on the campus of the 700-bed Medical University of South […]
Industry Pulse: NorthStar said to be near almost $1 billion MOB deal
Large foreign investor said to be interested in the firm’s massive medical office portfolio Healthcare real estate (HRE) sector sources say that a portfolio with nearly $1 billion worth of medical office buildings (MOBs) is for sale. The MOBs are being offered by New York-based NorthStar Realty Finance (NYSE: NRF), which is in the process […]
Industry Pulse: MOB deliveries on pace to rise by 37% this year
A ‘growing shortage” of MOBs has stimulated ‘a wave of development,’ according to CoStar Last month, in the article “Construction starts might decline this year,” we reported that the building research firm Dodge Data & Analytics, estimated that healthcare construction starts would decline by 4.5 percent in square footage and 2.9 percent in value this […]
Post-Acute & Senior Living: New JV plans $500M+ portfolio
Berkshire teaming with developer/owner of senior communities on West Coast By John B. Mugford In a classic example of an institutional investor teaming up with a firm that focuses on the development, ownership and operations of projects in specific real estate sectors, Boston-based Berkshire Group recently announced the formation of a partnership with Newport Beach, […]
Industry Pulse: Fewer hospitals? Not necessarily
Seven CON applications in the works in Orlando, Fla., area Nearly everyone involved in healthcare real estate (HRE) has heard that the country’s hospitals are living on borrowed time. It will only be a matter of time, we’re told, until hospitals will be caring for only the very sick while most ailments, illnesses and surgeries […]
Companies & People: 5 Questions for Mindy Berman
Managing director with JLL’s healthcare group talks about the firm, the market By John B. Mugford When a new investment banking group with a big name behind it entered the medial office building (MOB) sales sector in 2010, it was basically a one-person shop with an analyst for support. Fast forward six years later, and […]
Industry Pulse: Projects combining MOBs, senior housing
Plans for one medical-senior site also include a Chick-fil-A Anyone who follows or participates in the senior housing sector, the medical office building (MOB) sector – or both – has long known that older people are big users of the services offered in MOBs. Yet, for years upon years, the two classifications of healthcare real […]
Companies & People: Colorado ski town gets a new MOB
NexCore Group was persistent in its quest to find a site, complete building By John B. Mugford The city of Avon, Colo., has about 7,000 residents and is in the heart of the Colorado Rockies, about 15 miles from Vail. These days, town officials and the mayor are praising the efforts of a national healthcare […]
Companies & People: New buyer finding MOBs
Everest made three purchases in its first few months By John B. Mugford The list of investors entering the medical office building (MOB) space keeps growing. One of the new players is New York-based Everest Medical Core Properties, which says it is focusing on acquiring MOBs, wellness centers and outpatient clinics. So far, the company […]
Longfellow Cambridge case study
A strong example of a life science biotech acquisitions and loan transaction By Erik Tellefson In my previous article, I shared the ins and outs of financing life science and biotechnology properties – an important and growing component of the healthcare real estate asset class. These buildings are in some ways similar to medical office […]
News Release: Maimonides Celebrates Topping-Off of New Medical Arts Building
New Facility at Maimonides Brings Multispecialty Practices Under One Roof Brooklyn, NY (September 20, 2016) – Maimonides recently celebrated the “topping-off” of its new Medical Arts Building with a special ceremony to mark the completion of the steel framework. The state-of-the-art facility is located on Ninth Avenue between 48th and 49th Streets, and is expected […]
News Release: Caddis setting a new standard with fifth Dallas/Fort Worth community
The national healthcare real estate firm is building an amenity-filled independent living, memory care and assisted living residence in Bedford FORT WORTH and DALLAS, Texas, Sept. 21, 2016 – About a month after the grand opening of Heartis® Arlington, three months after opening its popular Heartis Eagle Mountain community and a year after the grand […]
News Release: Just Closed – Mission Hospital Medical Office Portfolio
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Mission Hospital Medical Office Portfolio in Mission Viejo, California. Sale Date: August 12, 2016 Sale Price: $150,000,000 Price Per SF: $572 Portfolio Size: 262,429 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce […]
News Release: Highwoods Properties Awarded Build-to-Suit in Richmond
$29M, 87,000 Square Foot Headquarters/Medical Office Building 100% Pre-Leased to Virginia Urology Raleigh, NC – September 13, 2016 – Highwoods Properties, Inc. (NYSE:HIW) today announced it has signed a long-term build-to-suit lease with Virginia Urology. Highwoods will develop an 87,000 square foot, three-story building that will serve as Virginia Urology’s headquarters and medical facility (MOB) […]
News Release: UCF Selects Hospital Corporation of America as Partner to Build Teaching Hospital
LAKE NONA, Fla., Sept. 13, 2016 – The University of Central Florida today selected Hospital Corporation of America, the nation’s largest hospital company, as its partner to build a proposed teaching hospital next door to the College of Medicine in Lake Nona. The new teaching hospital would be located adjacent to the College of Medicine […]