Companies & People: Integrated project delivery team collaborating on $184M expansion at BMC
BOSTON – An integrated project delivery (IPD) team will collaborate on what is being called a historic $184 million, 120,000 square foot expansion and 220,000 square foot renovation project at Boston Medical Center (BMC).
Companies & People: DPR to build $60M Shriners facility
New Pasadena, Calif., replacement med center on course for mid-2017 opening By Erin E. Porter Redwood City, Calif.-based DPR Construction continues to add to its list of healthcare projects, as the firm was recently chosen as the general contractor for the future Shriners Hospitals for Children Medical Center in Pasadena, Calif.
Companies & People: 5 Questions for Scott Evans
After tenures at E&Y and Cain Brothers, he is helping grow Realty Trust Group By John B. Mugford When Healthcare Real Estate Insights™ heard through other sources that Scott D. Evans had led the process to choose a developer for a medical office building (MOB) project in Sierra Vista, Ariz., we thought it would be […]
Companies & People: New healthcare investor, Ridgeline Capital Partners, acquires two Texas MOBs
DALLAS – A relatively new player in the HRE acquisitions arena, Dallas-based Ridgeline Capital Partners (RCP), a privately held commercial real estate investment company, recently added to its portfolio with two acquisitions in its home state.
Companies & People: More Healthcare Real Estate Company & People News
Brandon Muzik recently joined Chicago-based Stage Equity Partners LLC, an HRE investment company, as director of acquisitions. According to Stage Equity principals Brian Howard and Russell Brenner, Mr. Muzik’s primary responsibilities include sourcing, underwriting and closing company transactions. Before joining the firm, Mr. Muzik was senior acquisitions analyst at Chicago-based Ventas Inc. (NYSE: VTR), where […]
Companies & People: McCarthy completes $456M project
Seven-story, 383,000 s.f. Prebys Cardiovascular Institute added to Scripps campus By Erin E. Porter McCarthy Building Companies Inc., which is based in St. Louis and has several offices in California, recently announced the completion of construction on the Prebys Cardiovascular Institute, a 383,000 square foot, seven-story heart hospital on the campus of Scripps Memorial Hospital […]
Transactions: G-A Healthcare REIT III caps $353.7 million Q1
Non-traded healthcare real estate trust says it has about $509 million more in the pipeline By Murray W. Wolf Griffin-American Healthcare REIT III Inc. acquired $353.7 million worth of healthcare real estate (HRE) during the first quarter (Q1) and has about $509 million of additional transactions in the pipeline. That’s according to American Healthcare Investors […]
Transactions: Harrison Street buys Oregon MOB
JLL represents seller in $61.4 million sale of 122,479 square foot med building By Murray W. Wolf An affiliate of Harrison Street Real Estate Capital has acquired the five-story, 122,479 square foot Northwest Specialty Clinics MOB in Springfield, Ore., for a reported $61.4 million, or slightly more than $500 per square foot (PSF).
Transactions: Colliers closes on two MOB transactions totaling more than $20 million
MT. JULIET and JOHNSON CITY, Tenn. – The Nashville office of the Healthcare Investment Services Group of Colliers International recently brokered the sales of two Tennessee MOBs.
Transactions: Foreclosed medical facility in El Paso, Texas, gets new owners
EL PASO, Texas. – A vacant El Paso medical/oncology facility that was foreclosed on in 2010 has been sold. CBRE Capital Markets announced March 16 that it has brokered the sale of the three-story, 42,750 square foot facility on about three acres at 4532 N. Mesa in the western part of the city. Scott Herbold […]
Transactions: More Transaction News
■ Jabbel Holdings LLC, which is affiliated with Lakeview Village Corp. of Garden Grove, Calif., has acquired the 46,286 square foot Harbor Shores Medical Center I at 3921 E. Baseline Road in Gilbert, Ariz., for $4.25 million. Eric Wichterman and Mike Coover of DTZ in Phoenix represented the seller. The buyer was self-represented. The property had been foreclosed on […]
Hot Property: Maryland MOBs have hospital ties
Portfolio is on ‘Doctor’s Row’ and growing military research base in Frederick, Md. Name: Frederick Memorial MOB Portfolio Number of buildings: 2 Addresses: 194 & 45 T. Johnson Drive City: Frederick, Md. Square footage: 82,261 Leased: 100% Avg. remaining lease: 5.7 years Years completed: 2006 and 2012 Major tenant: Frederick Memorial Hospital Secondary tenant: Johns […]
Outpatient Projects: Frauenshuh, HCN team on N.Y. MOB
Partners will develop, own $100M, 140,000 s.f. Maimonides Medical Arts Building By Connie M. McCaffrey A series of medical office buildings (MOBs) in Brooklyn, N.Y., that were once brownstone residences have been demolished to make way for a new, $100 million comprehensive outpatient center to be operated by the adjacent 711-bed Maimonides Medical Center. Partnering […]
Outpatient Projects: $185M outpatient campus underway
Lifestyle Healthcare Group’s 385,000 square foot project is outside of Philadelphia By Connie M. McCaffrey The name of the game in healthcare these days is integration, as in having a health system provide all of the services each patient needs through a network of collaborating and communicating physicians and care givers. If they are not […]
Outpatient Projects: Indiana system opens women’s center
95,000 s.f. facility was developed and is owned, managed by Duke Realty Corp. By Connie M. McCaffrey Healthcare providers in Hamilton County, Ind., north of Indianapolis, are feeling the effects of a growing population. In a move designed to provide more services to women and to consolidate those services into a new and more efficient […]