Cover Story: Sector is stronger than it looks
The market is quietly rebounding – and opportunities abound Destination: MREJ Healthcare Conference, Minneapolis By John B. Mugford The healthcare real estate (HRE) sector has quietly rebounded during the past three years and plenty of development and investment opportunities remain. That seemed to be the consensus of the presenters and panelists who appeared at the […]
Cover Story: Ideas for thriving on chaos
Industry experts tell Chicago audience to reposition for growth Destination: IREJ Healthcare Conference, Chicago By John B. Mugford Editor’s Note: This is an expanded version of the article that appeared in the print edition of Healthcare Real Estate Insights Like the U.S. economy, the healthcare real estate (HRE) sector has experienced a precarious and excruciatingly […]
Outpatient Projects: $18M MOB slated for well-known medical corridor in Little Rock
LITTLE ROCK. Ark. – The well-known healthcare corridor near St. Vincent Infirmary Medical Center in Midtown Little Rock has not seen the building of new medical office space for many years – until now, that is. Little Rock Medical Associates (LRMA) and its affiliates recently started construction on a new $18 million, “Class A” MOB […]
Post-Acute & Senior Living: More Post-Acute and Senior Living Real Estate News
• Grandbridge Real Estate Capital’s Seniors Housing Team recently closed three seniors housing transactions totaling more than $23.4 million.
Outpatient Projects: Proton therapy center planned for Metroplex would be country’s 23rd
IRVING, Texas – By 2016, there are expected to be 23 proton therapy treatment centers in the United States. One of those is slated to be the Texas Center for Proton Therapy, which recently broke ground in the Dallas-Fort Worth Metroplex city of Irving.
Cover Story: Focusing on financing models
Hot news: Panelist’s system is selling a portfolio of MOBs Destination: BOMA MOB Conference, San Francisco By John B. Mugford Editor’s note: This is an expanded version of the article that appeared in the print edition of Healthcare Real Estate Insights It doesn’t happen very often that breaking news emerges from a panel discussion at […]
Inpatient Projects: Stanford Hospital finally underway
New facility will be built next to current hospital, upping capacity to 600 beds By John B. Mugford Work has finally started on the hospital expansion at Stanford University in Palo Alto, Calif. After the project’s approval was delayed several times, a joint venture of Clark Construction Group-California LP and McCarthy Building Cos. Inc., called […]
Inpatient Projects: Memorial Hermann plans hospital at its campus in Pearland, Texas
PEARLAND, Texas – As the Houston suburb of Pearland continues to boom, Houston-based Memorial Hermann Health System is looking for more ways to capture market share in the city. The Houston-based health system recently announced a plan to help it do just that: an expansion of its current outpatient campus in Pearland with the building […]
Industry Pulse: Development is on the Rise, Report Says
Medical office construction could rise 32 percent in 2013. That’s according to most recent Medical Office Research Report from Marcus & Millichap. The first half 2013 report from the commercial real estate firm estimates that 10.3 million square feet of medical office space will be delivered this year, up from 7.8 million square feet in […]
Industry Pulse: What does it take to succeed in today’s HRE environment?
What you want in healthcare, even as a provider, there are lots of independents out there. You’ve got to hire the very smartest people in this changing world, who can figure out how to make things work. But I think you’ve got to be smart, you’ve got to be […]
Industry Pulse: Hospital Moving Forward after Decade in Limbo
Trinity Medical Center showed its gratitude when it got the OK to complete and open an unfinished hospital in Birmingham, Ala. Photo courtesy of Trinity Medical Center It has been 10 years since work stopped on HealthSouth Corp.’s planned Digital Hospital. And it has more than four years since Trinity […]
News Release: Cambridge Arranges $3.7 Million HUD Lean Loan to Refinance Metropolis Nursing and Rehab Center in Metropolis, Illinois
Cambridge Realty Capital Companies reports closing a $3.7 million HUD Lean first mortgage loan for Metropolis Nursing and Rehabilitation Center, a 103-bed skilled-care nursing home in Metropolis, Ill. Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 30-year term mortgage was arranged for the owner, a Missouri limited liability company, using the HUD Section 232 pursuant […]
News Release: $16 Million Acquisition Loan and Bridge Loan to FHA 232/223(f)
About the Transaction KeyBank Real Estate Capital® provided a $16.3 million term loan to refinance existing debt and to acquire an additional skilled nursing facility for RollinsNelson LTC Corp. The term loan will serve as a bridge to long term HUD financing. The KeyBank Real Estate Capital Relationship Key’s relationship with RollinsNelson supports the company’s […]
Industry Pulse: CHI slashes facility spending
If it seems like many hospitals and health systems are spending less on facilities, it’s because they are. In a new article in HealthLeaders magazine, Nick Barto, senior VP for capital finance for Catholic Health Initiatives (CHI), states that the budget for routine replacement and facility repositioning and expansion accounts for 39 percent of the […]
News Release: Stage Equity Partners Acquires 52,000 sf Medical Office Complex in Prime Chicago Suburb across from Alexian Brothers Hospital
CHICAGO (May 16, 2013) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of a 52,126 square foot medical office complex in Elk Grove Village, a northwest suburb of Chicago. According to Stage President and Founder Brian Howard, the complex of four single-story interconnected buildings called Woodland Square […]