Industry Pulse: D.C.’s Vision McMillan Plan Facing Opposition
More trouble on horizon for D.C. mixed-use project with 1 million s.f. of medical space It’s been a long haul for a development partnership proposing the Vision McMillan project in Washington, D.C., a redevelopment plan for a vacated water filtration plant that could include up to 1 million square feet of new medical office, research […]
Post-Acute & Senior Living: New $121.5M development in Hayward Calif., to include 64 senior rental apartments
HAYWARD, Calif. – The City of Hayward broke ground Sept. 21 for three new residential communities, including 64 affordable rental apartments for seniors age 62 and older.
REIT Report: New REIT hits the ground running
Ventas spinoff Care Capital Properties makes $190 million SNF, ALF acquisition By Murray W. Wolf Care Capital Properties Inc. (NYSE: CCP) wasted no time. Less than two weeks after being spun off from Ventas Inc. (NYSE: VTR), the Chicago-based real estate investment trust (REIT) made its first acquisition.
Industry Pulse: Is the Traditional MOB a ‘Dinosaur?’
It can depend on the level of employed docs in the market This month’s cover story, “Is development back?” on Page 21 reports on a discussion conducted during the recent InterFace Healthcare Real Esatate Southwest conference. But the article had to be condensed to get it to fit in the magazine.
Companies & People: Schmid and Bennett join HREI board
Veteran CNL and HFF executives named to magazine’s editorial advisory group By Murray W. Wolf Veteran healthcare real estate executives James A. “Jim” Schmid III and W. Michael “Mike” Bennett have joined the Healthcare Real Estate Insights™ Editorial Advisory Board.
Companies & People: 5 Questions for: Keith Konkoli
Longtime Duke Realty executive now at the helm of its large healthcare division By John B. Mugford One of the country’s largest development firms, Duke Realty Corp., first dipped its toe in healthcare real estate (HRE) back in 2004.
Transactions: Recent MOB sales set Q2 record
Strong run for transactions continues, as 2015 is on a record-setting pace By John B. Mugford There are some long-standing, evidence-based assumptions about medical office building (MOB) sales statistics. One of them says that the strongest quarter of most years is typically the fourth (Q4), a time when both buyers and sellers often prefer to […]
Feature Story: Greater than the sum of its parts
Providers discuss the impact of consolidation on the healthcare industry and healthcare real estate By Erin E. Porter Perhaps Greek philosopher Aristotle had the best explanation of why consolidation is all the rage in healthcare today. Aristotle once declared: The whole is greater than the sum of its parts. As his theory goes, individual components […]
Transactions: A closer look at HCN/CPP’s big buy
REIT and Canadian pension fund teamed up on $449 million MOB acquisition By John B. Mugford It would not be accurate to say that a $449 million medical office building (MOB) portfolio transaction that took place during the second quarter (Q2) of 2015 went totally unnoticed. But then again, not many details have been publicized […]
Transactions: DocREIT lands doctor-built MOBs
Physicians Realty Trust pays $141 million for four MOBs in Greater Phoenix By John B. Mugford At its outset in 2006, Phoenix-based Integrated Medical Services (IMS) came together as a handful of physicians with a goal of gaining more efficiencies and providing “high-quality, innovative healthcare.” These days, IMS is more than 145 providers strong, a […]
Hot Property: An ‘uber-core’ offering in Chicago
The mixed-use property with 42% medical space is in city’s hottest market Name: Blackhawk on Halsted Address: 1460 North Halsted St. City: Chicago Number of structures: 3 Year completed: 2009 Total leasable space: 224,204 s.f. Medical space: 93,287 square feet Parking spaces: 534 Land area: 2.04 acres Occupancy: 100% Avg. remaining lease: 12.8 years Seller: […]
Transactions: Healthcare Realty Trust acquires two floors of Seattle MOB for $28M
SEATTLE – Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) recently acquired the top two floors of the Swedish Orthopedic Institute, an 11-story facility on the campus of Seattle-based Swedish’s First Hill campus.
Transactions: Hammes Partners II buys orthopedic group facility in Mobile, Ala. for $23.3 million
MOBILE, Ala. – In a sale-leaseback transaction, Milwaukee-based Hammes Co. and its Hammes Partners II fund recently acquired a single-tenant, fully occupied medical building in Mobile.
Transactions: Two-story, 57,000 square foot MOB in Vestal, N.Y., trades for $22 million, or $386 PSF
VESTAL, N.Y. – A limited liability company (LLC) recently paid $22 million for the Vestal Medical building in Vestal, a city of about 30,000 people along the Susquehanna River in the Southern Tier region of New York.