Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (25,000-49,999 S.F.)
Carolina Orthopaedic & Sports Medicine Center, Gastonia, N.C. Developer: Brackett Flagship Properties LLC When Carolina Orthopaedic & Sports Medicine Center needed to grow, it selected a 12-acre tract adjacent to a local hospital. However, project costs were too high because of expensive site work and a building design that was 16 percent over budget. Enter […]
Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (Less Than 25,000 S.F.)
Cherry Hills Medical Plaza, Englewood, Colo. Developer: Fleisher Smyth Brokaw LLC When planned, this project called for renovating an existing building. But when work began, it was found that the building was not as structurally sound as anticipated. Such a setback could have added six months to the construction schedule. But Fleisher Smyth Brokaw and […]
Feature Story: Awards program grows in third year
The HREI Insights Awards™ have honored the best of the best in healthcare real estate since 2013 The HREI Insights Awards™ program is still rather young, introduced just two years ago, in 2013. But it has quickly grown in stature in the healthcare real estate (HRE) sector, and has already created some memorable moments.
Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (50,000-99,999 S.F.)
Minnetonka Medical Center, Minnetonka, Minn. Developer: The Davis Group After unsuccessfully searching for more than year for a clinic site in Minnetonka, an affluent Minneapolis suburb, North Memorial Health Care brought in The Davis Group. Davis not only identified a site, it assembled the needed 5.2 acres by aggressively negotiating purchase agreements for seven commercial […]
Feature Story: 2015 HREI Insights Awards Finalists: Best Inpatient Facility
St. Anthony North Health Campus, Westminster, Colo. Developer: Centura Health The city of Westminster, north of Denver, desired healthcare services focused on whole body care, health and wellness. That was the impetus for the new St. Anthony North Health Campus, which some call the “hospital of the future.” The campus includes 92 private rooms, three […]
Transactions: Beverly Hills MOB tops $1,500 PSF
Archway Holdings, which bought the asset in 2008, sells it to UBS affiliate By John B. Mugford Anytime a medical office building (MOB) with a Beverly Hills, Calif., address sells, one can rest assured that the sales price will be quite eye popping. And that’s exactly the case with the recent transaction involving the building […]
Transactions: Stage Equity Partners LLC acquires 31,000 s.f. MOB in Atlanta area for $6.1 million
LITHONIA, Ga. – Stage Equity Partners LLC continues to be on the lookout for potential acquisitions in the HRE sector, as evidenced by its recent purchase of Stonecrest Medical Office Building in Lithonia, Ga., east of Atlanta.
Hot Property: A pair of MOBs offered in Scottsdale
Pima Medical Pavilion has two buildings located within a 1 million s.f. office park Name: Pima Medical Pavilion Address: 8415 and 8465 N. Pima Road City: Scottsdale, Ariz. Total leasable square feet: 180,486 Occupancy: 90.8% Year built: 2008 Avg. lease term: 7.34 years Seller: Healthcare Realty Trust Brokerage: CBRE Brokers: Christopher Bodnar, Lee Asher Not […]
Outpatient Projects: MOB reflects provider’s new strategy
Hammes developed the massive Chicago outpatient facility for Presence Health By John B. Mugford During this era in which “retailization” is all the rage in the delivery of healthcare services, it would seem that finding a vacant retail store to convert into an outpatient facility would be a goal for many healthcare providers.
Outpatient Projects: Silicon Valley system plans to build seven-story MOB at site of former hospital
MOUNTAIN VIEW, Calif. – Even after building a new inpatient replacement facility in 2009, El Camino Hospital has not stopped bolstering its campus in Mountain View, between the California cities of Palo Alto and San Jose.
Outpatient Projects: Seattle Cancer Care Alliance plans to expand by about 220,000 square feet
SEATTLE – Even though project details are still emerging, the Seattle Cancer Care Alliance (SCCA) is planning a new building with about 220,000 square feet on a site adjacent to its 212,000 square foot main clinic in the South Lake Union area of the city.
Inpatient Projects: Jackson Health receives CON for Doral, Fla., hospital, but others file protest
DORAL, Fla. – The battle over which health system will get to build a new hospital in or near the Miami suburb of Doral looks to be over – but perhaps not for long.
Post-Acute & Senior Living: Alaska fund makes foray into HRE
State fund, with CS Capital, pays $114.5M for two Boston-area rehab facilities By John B. Mugford In a transaction that represents an emerging and important sector of healthcare real estate (HRE), the Alaska Permanent Fund Corp., represented by CS Capital Management Inc., recently acquired two Boston-area rehabilitation hospitals for $114.5 million, which works out to […]
Inpatient Projects: Maryland replacement gains CON
State approves Washington Adventist’s plans for a new hospital outside of D.C. By John B. Mugford Washington Adventist Hospital officials are describing the process of gaining a Certificate of Need (CON) from the state of Maryland to build a new replacement hospital in Greater Washington as “long and laborious.”
Editor’s Letter: Tenants settling in?
From what we hear, longer leases are on the rise Dear Reader: Even though healthcare real estate (HRE) became one of the hottest, most in-demand property types in recent years, one lingering problem, or sticking point, made owning medical office buildings (MOBs) perhaps a bit more worrisome than many investors would have liked.