Outpatient Projects: Partners complete Rhode Island MOB
Seavest, Trammell Crow finish work on $13.9 million project in Providence, R.I. By John B. Mugford White Plains, N.Y.-based Seavest Healthcare Properties LLC recently announced that an MOB that it financed and owns in Warwick, R.I., is open for business.
Inpatient Projects: Texas hospital to undergo major expansion
Methodist Hospital in San Antonio is ready to embark on $200 million-plus plan By John B. Mugford Methodist Hospital in San Antonio is ready to embark on the largest construction project in its history, an expansion that will increase the footprint of its campus by 445,162 square feet. Cost for the expansion will exceed $200 […]
Cover Story: Buyer gets a warm reception
Physician group welcomes $141 million sale-leaseback By John B. Mugford Medical group tenant was big driver in six-building MOB portfolio deal Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. […]
Cover Story: Medical group tenant was big driver in six-building MOB portfolio deal
Since its founding 17 years ago, a physicians’ group in the mid-Hudson Valley area of New York has built itself into one of the leading independent, multi-specialty physician practices in the United States. “As (one healthcare real estate consultant) always tells me, a provider’s market share in its respective area is the key to its […]
Feature Story: Finalists: Best New MOB (100,000 SF or More)
Akron General Health and Wellness Center, Green, Ohio Developer: Rendina Cos. Akron General Health System wanted to increase its presence in the growing communities south of Akron and fast-track the development of a health and wellness center near a new freestanding emergency department (FED). Rendina began site work as the design and permit processes progressed […]
Feature Story: 2013 HREI™ Insights Awards™
Recognizing the finest in HRE people and projects Of all the initiatives we have undertaken since we launched Healthcare Real Estate Insights™ nearly 11 years ago, the HREI Insights Awards™ is perhaps the only one that has generated nothing but positive feedback. Since we unveiled the only national awards totally dedicated to recognizing excellence in […]
Feature Story: Finalists: Best New MOB (50,000-99,999 SF)
Harker Heights Medical Pavilion, Harker Heights, Texas Developer: Rendina Cos. Rendina Cos. delivered a successful solution for Seton Family Healthcare and LHP Hospital Group with a $10.9 million, three-story, 61,064 square foot full-service MOB on the new Seton Medical Center campus. The MOB provides the two clients with a competitive edge and a community asset […]
Feature Story: Finalists: Best New MOB (25,000-49,999 SF)
Crystal Medical Center, Crystal, Minn. Developer: The Davis Group Northwest Family Physicians needed a way to continue to serve suburban Minneapolis’ predominantly senior market of Crystal with its flagship clinic, but its existing landlord was unable to meet its requirements. Initially located at a mostly vacant retail mall, the client desired an alternative location within […]
Feature Story: Finalists: Lifetime Achievement Award
James O. Meadows Meadows & Ohly The year was 1972. HRE was not a recognized real estate asset class. Yet James O. Meadows led the development of Meadows & Ohly’s first MOB. With an innovative and entrepreneurial approach, Mr. Meadows and his partner Carl Ohly pioneered the limited partnership physician ownership model in multi-tenant buildings […]
Feature Story: Finalist: Best New MOB (Less than 25,000 SF)
DaVita Stevens Creek, San Jose, Calif. Developer: Meridian Property Co. Provider DaVita Healthcare Partners Inc. wanted to open a new facility in San Jose to satisfy unmet demand for kidney care. Unable to find an existing property suitable for a retrofit, DaVita turned to Meridian Property Co. to develop a new $4.1 million, 9,075 square […]
Feature Story: Finalists: HRE Executives of the Year
Christopher Bodnar and Lee Asher, CBRE The sales numbers are quite prolific for the team of Chris Bodnar and Lee Asher, co-leaders of CBRE Group Inc.’s national Healthcare Capital Markets Group. The two have teamed on the disposition of mo re than 6.6 million square feet of medical assets, and, during a recent 24-month span, […]
Feature Story: Finalists: Best Post-Acute/Senior Living
Heartis Conroe, Conroe, Texas Developer: Caddis Partners One thing became clear as Caddis Partners and its operating partner Good Neighbor Care studied the Conroe market in 2012: there was a strong need for more memory care services in the growing city north of Houston. Developing the facility under its new Heartis brand, Caddis opened the […]
Feature Story: Finalist: Best Inpatient Facility
Central Texas Rehabilitation Hospital, Austin, Texas Developer: Prevarian Hospital Partners LP For three years, a development firm tried but did not succeed in landing a site for a new Central Texas Rehabilitation Hospital in Austin. The client, a partnership of RehabCare Group and Seton Family of Hospitals, wanted to move the 20-bed unit out of […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]
Hot Property: Interest high in Boston-area MOB
The Musculoskeletal Center in Peabody, Mass., is 93.8 percent occupied Name: The Musculoskeletal Center Address: 4 Centennial Drive City: Peabody, Mass. Number of buildings: 1 Square footage: 38,188 Date completed: 1976 Date redeveloped: 2003 Occupancy: 93.8% Average PSF rent: $23.66/NNN First year NOI: $879,276 Suggested price: $12.295 million Brokerage firms: MANSARD, Coppola Properties PEABODY, […]