Industry Pulse: Construction Starts Might Decline This Year
Dodge foresees an overall decline in square footage and value compared with last year U.S. healthcare construction starts will decline slightly this year, according to estimates from the construction data research firm Dodge Data & Analytics. But the numbers seem to confirm a perceived long-term trend of increased focus on outpatient care.
Companies & People: New firm making inroads in MOBs
Former Neal Richards Group execs and others making their mark in North Texas By John B. Mugford Dallas-based Koa Partners, a multi-service, multi-sector real estate firm that had its start about a year ago and includes a brokerage services arm, looks to be making a mark in the MOB development sector in North Texas.
Industry Pulse: Construction starts might decline this year
Dodge foresees an overall decline in square footage and value compared with last year U.S. healthcare construction starts will decline slightly this year, according to estimates from the construction data research firm Dodge Data & Analytics. But the numbers seem to confirm a perceived long-term trend of increased focus on outpatient care. Dodge estimates that […]
Editor’s Letter: Changes abound
Familiar executives moving to new companies Dear Reader, For quite a few years, it seemed like few personnel changes took place in the healthcare real estate (HRE) sector, especially the medical office building (MOB) market. And because the sector is rather small compared to other industries, it was usually big news when someone who was […]
News Release: FishHawk HealthPark Open for Business
LITHIA, Fla. – FishHawk HealthPark, a new medical complex featuring physicians and dental offices, has opened at the corner of FishHawk Boulevard and Skytop Drive, in the Village Center in FishHawk Ranch. FishHawk Ranch is owned in a joint venture partnership between NORTH AMERICA SEKISUI HOUSE, LLC (NASH), the U.S. business unit and full subsidiary […]
News Release: NexCore leads innovative approach to bring Buck Creek Medical Plaza to Colorado’s Vail Valley
New healthcare facility provides one-stop outpatient care to underserved mountain community via unique collaboration between developer, town government, fire district and landowner AVON and DENVER, Colo., Aug. 24, 2016 – When NexCore Group, a national healthcare real estate developer, broke ground on the new three-story, 48,400 square foot Buck Creek Medical Plaza in Avon more […]
News Release: SANTÉ Realty Investments Acquires Medical Office Building
Arizona Realty Company finds Under-valued Office Property in Indianapolis INDIANAPOLIS, IN — SANTÉ Realty Investments of Tempe, Ariz., has just closed on The Meridian Office Building in Indianapolis. The 10-story, brick building is a multi-tenant medical office building consisting of 92,000 square feet. With just 70% occupancy, there is excellent opportunity to create value through targeted […]
Cover Story: The power of partnerships
How they affect providers’ real estate strategies By John B. Mugford If there is a Holy Grail for healthcare real estate (HRE) firms, it is landing a solid – perhaps long-term – business relationship with a strong health system. A panel of health system real estate executives recently shared their insights into when and why […]
News Release: Capital One closes $33.6 million loan for Chicago-area MOB acquisition
Bethesda, Md. (July 25, 2016) – Capital One announced today that it provided a $33.6 million term loan for the acquisition of a portfolio of four medical office buildings in the Chicago area. A joint venture of Harrison Street Real Estate Capital and MedProperties Group purchased the properties. The commitment includes $26.8 million in initial […]
News Release: CBC Real Estate Group to Develop $40 Million Rock Regional Hospital in Derby, Kan.
KANSAS CITY, Mo. (July 13, 2016) – Yesterday, CBC Real Estate Group announced its plans to develop Rock Regional Hospital in Derby, Kan. The 65,000 square-foot, 30-bed general acute care hospital and adjacent 40,000 square-foot medical office building will be located north of Patriot Avenue and west of Rock Road, in the proposed STAR Bond […]
Cover Story: Out of the woods
Former Forest Park properties finding new life By John B. Mugford It seemed like a good idea at the time. Frustrated by what they considered to be bureaucracy and inefficiency at other local hospitals, a group of Texas physicians launched the Forest Park chain of physician-owned specialty hospitals, opening the first of six such facilities […]
Feature Story: Still a lot to be optimistic about
Economist, keynote speaker educates BOMA audience about the U.S. economy By John B. Mugford On the surface, there certainly seems to be a lot to be worried about, both in our country as well as in rest of the world. These include, among others, ongoing threats of terrorism, a troubling pair (to many voters) of […]
Transactions: Griffin-American REIT IV, new on the scene, makes one deal, agrees to another
IRVINE, Calif. – The newest non-traded real estate investment trust (REIT) offering from California-based co-sponsors American Healthcare Investors and Griffin Capital Corp. – Irvine-based Griffin-American Healthcare REIT IV (G-A REIT IV) – recently made its initial acquisitions.
Transactions: The Sanders Trust makes MOB purchases totaling $11.2 million in New Mexico and Wisconsin
BIRMINGHAM, Ala. – Birmingham-based The Sanders Trust (TST), a healthcare real estate (HRE) firm, says it has a goal of adding anywhere from $100 million to $200 million worth of properties to its portfolio annually, be it through purchases or developments.
Transactions: VCU Health of Richmond acquires building it was occupying in the Richmond, Va., suburbs
SHORT PUMP, Va. – VCU Health System of Richmond, Va., recently acquired an MOB that it was occupying in the suburub of Short Pump, about 15 miles outside of Richmond.