Transactions: Boulder Group brokers MOB sales
Transactions included properties in Chicago, Milwaukee and Vincennes, Ind. By Connie M. McCaffrey The Boulder Group, a Northbrook, Ill.-based boutique investment real estate service firm specializing in single-tenant net-lease properties, recent brokered the separate sales of three medical facilities in Milwaukee, Chicago and Vincennes, Ind.
Hot Property: Cap rate tops 8% for Kent, Wash., asset
Benson Business Park boasts a stable roster of medical and professional tenants Name: Benson Business Park Address: 25012-25022 104th Ave. City: Kent, Wash. Total leasable square feet: 24,411 Number of buildings: 3 Number of floors: 1 Land Area: 1.54 Acres Occupancy: 89% Year built: 1985-87 Parking ratio: 3.28/1,000 square feet Brokerage: CBRE Brokers: Craig Wilson, […]
Transactions: SIG brokers institutional investment firm’s $4.41 million acquisition of two Pennsylvania
SANTA MONICA, Calif. – Sands Investment Group (SIG) announced the net-lease sale of two Pennsylvania MOBs.
Outpatient Projects: Lendlease opens VA Clinic in N.C.
New $130 million ‘23-hour hospital’ is agency’s largest leased outpatient center By Erin E. Porter Lendlease has opened the Kernersville U.S. Department of Veterans Affairs (VA) Health Care Center in Kernersville, N.C. The $130 million, 400,000 gross square foot multispecialty clinic, located in the Piedmont Triad area in the north-central part of the state, is […]
Outpatient Projects: Northern Ohio community gets new $80 million OhioHealth outpatient facility
MANSFIELD, Ohio – In the northern Ohio community of Mansfield, located midway between Columbus and Cleveland via Interstate 71, OhioHealth last fall opened a new $80 million, “state-of-the-art” medical office and outpatient surgery facility next to the existing OhioHealth Mansfield Hospital.
Outpatient Projects: Boldt Co., Centura Health and local hospital plan to develop MOB in Canon City, Colo.
CANON CITY, Colo. – St. Thomas More Hospital (STM) recently announced plans to develop a multi-specialty on-campus (MOB) in partnership with Centura Health and The Boldt Co.
Outpatient Projects: HCP adding MOB at The Woodlands
REIT to expand Memorial Hermann relationship with additional medical office By Murray W. Wolf HCP Inc. (NYSE: HCP), the healthcare real estate investment trust (REIT) that acquired 11 on-campus medical office buildings (MOBs) from Memorial Hermann Health System last year, plans to expand its holdings with a new ground-up development on the Houston-based system’s hospital […]
Outpatient Projects: Paragon and Oxford start leasing planned five-story, 62,000 square foot MOB in South Miami
SOUTH MIAMI, Fla. – Partners Paragon Group and Oxford Universal Design Build recently began leasing for a five-story, 62,000 square foot MOB on 0.9 acres at 6101 S.W. 72nd St. (Sunset Drive) in South Miami, according to the local South Florida Business Journal.
Outpatient Projects: HCA says MOB, office building and parking garage are planned for site in Nashville, Tenn., area
BRENTWOOD, Tenn. – HCA Holdings Inc. (NYSE: HCA) says it plans to build a 119,000 square foot medical office building (MOB), a 259,000 square foot general office building and a six-story parking garage at the American International Group (AIG) Inc. campus in Brentwood that it acquired in 2014.
Outpatient Projects: Triple P LLC gains approval for three-story, 45,517 square foot MOB in Arroyo Grand, Calif.
ARROYO GRANDE, Calif. – The Arroyo Grande City Council unanimously approved plans for a three-story, 45,517 square foot, MOB at Fair Oaks Avenue and Woodland Drive, near Arroyo Grande Community Hospital.
Inpatient Projects: Cost for UC San Diego’s Jacobs Medical Center rises again, inflating total tab to $943 million
LA JOLLA, Calif. – Faulty financial forecasting, a lack of large-hospital construction experience, a fast-track schedule and a decision to add features have boosted the total cost of the Jacobs Medical Center to $943 million, reports the local San Diego Union-Tribune newspaper.
Inpatient Projects: $300 million Oxford, Miss., replacement hospital underway, attracting MOB development
OXFORD, Miss. – Baptist Memorial Hospital-North Mississippi is working toward a December 2017 opening of a $300 million, 217-bed, five-story, 602,831 square foot replacement hospital in fast-growing Oxford.
Inpatient Projects: Highland Hospital dedicates acute care tower in Oakland, Calif., as part of $668 million project
OAKLAND, Calif. – The Alameda County (Calif.) Board of Supervisors and other dignitaries recently dedicated “the jewel” of the $668 million revitalization of the Highland Hospital campus in Oakland: a 169-bed, nine-story, 250,000 square foot acute care tower.
Inpatient Projects: Baylor St. Luke’s begins expansion
$1.1 billion, 1.2 million square foot medical campus to be completed in 2019 By Connie M. McCaffrey The joint venture (JV) partnership of Houston-based CHI St. Luke’s Medical Center and the Baylor College of Medicine recently began development of a new $1.1 billion, 1.2 million square foot McNair Campus on a 27.5-acre plot on the […]
Inpatient Projects: Santa Clara, Calif., squabble settled; Turner back at work on expansion; cost now $560 million
SANTA CLARA, Calif. – Construction delays, rising costs and a “toxic” relationship between the client and some members of the project team led to litigation last year regarding the expansion of county-owned Valley Medical Center in Santa Clara, according to the Silicon Valley Business Journal.