Companies & People: NGKF healthcare team brokers sale of three MOBs for $117.74M
NEWPORT BEACH, Calif. – The Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF), which has major offices in Newport Beach, Calif., and Atlanta, recently represented the sellers in the closing of three significant MOB transactions. The team is composed of Todd Perman and Garth Hogan, both of whom are executive managing directors, and […]
Companies & People: Buffalo contracting firm is awarded $226 million contract for medical sch
BUFFALO, NY. – LPCiminelli has made a name for itself rather quickly in healthcare development in the Buffalo area. The general contracting firm was recently awarded the construction bid for the second, and largest, phase of the future University at Buffalo School of Medicine and Biomedical Sciences project. The contract is worth $226 million, which, […]
Companies & People: Michael Huaco leaves Kaiser Permanente, now with McKesson Corp.
SAN FRANCISCO – During his time at Oakland, Calif.-based Kaiser Permanente, Michael Huaco often represented the company on various panel discussions at healthcare real estate conferences. And rightly so, as Mr. Huaco was the VP of corporate real estate and business strategy for the giant health insurance and healthcare provider that owns well over 64 […]
Companies & People: Regional healthcare developer bolsters team in New York
FISHKILL, N.Y. – Westage Cos., a regional healthcare development firm in an area about 50 miles north of New York City, has been adding people to its team in recent months. Among the additions, Lisa Westerfield has been hired as the associate VP of business development. Ms. Westerfield recently worked in the Philadelphia area as […]
Companies & People: HFF adds to its healthcare platform
Formerly at Savills, Philip B. Mahler joins company’s medical real estate team By John B. Mugford HFF continues to beef up its national healthcare real estate practice. In January, the company hired well-known healthcare real estate (HRE) professional W. Michael Bennett as a managing director focused on medical real estate transactions. So far, 2014 has […]
Cover Story: New York state of mind
How Big Apple-based providers see the healthcare real estate market – and what that might mean for the rest of us By John B. Mugford Needless to say, any doctor who has been involved in providing medical care for a number of decades has watched the business get turned on its head in recent years. […]
Feature Story: Why design matters
BOMA conference panel discusses the healing power of architecture By John B. Mugford Gone are the days when the main goal of designing and building a shiny new healthcare facility was to attract new patients, and hopefully retain them, with plenty of bells and whistles. Today, while attracting patients remains a fundamental objective, healthcare design […]
Transactions: Q2 MOB sales pick up the pace
Quarter saw $1.69 billion in volume, making the first half of 2014 a record-setter By John B. Mugford Sales of medical office buildings (MOBs) in the first half of 2014 showed no signs of slowing down, as the volume actually topped that of the first-half of a record-setting 2013. For the second quarter (Q2) of […]
Transactions: ProMed sells facilities for $205M
Israel-based subsidiary sells large building to HCP Inc., 5 MOBs to HTA By John B. Mugford It looks as if Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) landed even more of a gem from New York-based ProMed Properties Inc. than reported in June. A couple of months after ProMed sold a six-building medical […]
Outpatient Projects: MOB kicks off Nashville, Tenn., project
Medical, health technology are key components of mixed-use oneCITY plan By John B. Mugford As Dallas-based Cambridge Holdings Inc. moves forward on a large mixed-use project a few miles from downtown Nashville, Tenn., company officials say healthcare and life sciences are key components of the overall $400 million to $500 million project, known as oneCITY. […]
Outpatient Projects: Minneapolis-based provider to add new MOB at clinic site, creating outpatient hub
MAPLE GROVE, Minn. – Looking to capitalize on one of its high-visibility locations in a growing area of the Minneapolis suburbs, Park Nicollet Clinic recently broke ground on a new medical building that will anchor a future regional outpatient hub in Maple Grove. The new $48 million, three-story, 93,091 square foot facility will be connected […]
Outpatient Projects: $73 million redevelopment project in Detroit to include 195,000 square foot MOB
DETROIT – In recent months, the city of Detroit’s Brownfield Redevelopment Authority and a private development firm have indicated that they are moving forward with a demolition and redevelopment project that would result in the building of a new mixed-use and a large outpatient medical facility just outside of downtown.
Outpatient Projects: San Antonio firm plans age-in-place project near health campus in Texas
NEW BRAUNFELS, Texas – Earlier this summer, San Antonio-based Alternivest acquired 30 acres of land in New Braunfels on which it plans to build an age-in-place healthcare destination complete with an MOB.
Outpatient Projects: Orthopedics group to own new $20 million building outside of Richmond, Va.
MECHANICSVILLE, Va. – A large Richmond-based orthopedics group is looking to own rather than rent the facilities it occupies. As part of the strategy, the group plans to own a facility under construction next to Bon Secours Memorial Regional Medical Center in Mechanicsville, just north of Richmond, Va.
Inpatient Projects: Loma Linda plans major expansion
$1.2 billion of work planned at Adventist-affiliated California hospital campuses By Dan Larson After receiving a generous $100 million donation, Loma Linda University Health announced plans for a $1.2 billion expansion to its campus in Loma Linda, Calif. “It’s unprecedented and it’s bold,” according to Rachelle Bussell, senior VP of advancement for Loma Linda.