Thought Leaders: The $36 million mistake
Why hospitals and health systems need to be aware of real estate risks By Deeni Taylor, Executive Vice President, Duke Realty, and John D. Claybrook, Partner, Waller Lansden Dortch & Davis LLP Deeni Taylor John Claybrook Did you know that medical centers in Libertyville, Ill., and Detroit recently paid $36 million and $30 million in […]
News Release: MedProperties Holdings launches second investment fund
$150 million fund will enable private equity firm to build upon and expand successful strategy employed with first fund DALLAS, April 17, 2013 – After successfully deploying the capital from its first $50 million discretionary investment fund into 12 investments in 19 healthcare facilities, Dallas-based real estate private equity firm MedProperties Holdings LLC has launched […]
News Release: Brooks Barton joins American Healthcare Investors as vice president of seniors housing
NEWPORT BEACH, Calif. (April 15, 2013) – American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced today that Brooks Barton has joined the company as vice president of seniors housing.“Brooks is an accomplished healthcare professional with extensive experience in the specialized field of senior […]
News Release: Plaza Companies creates powerhouse brokerage team to serve as “center of gravity” in medical office real estate
Megan Sherwood and Perry Gabuzzi of Transwestern and Michael Morton and Aaron Kuhl of MOB Joining Formidable Leasing Team In one of the most significant developments in the Arizona medical office marketplace in recent memory, Plaza Companies has announced expanding its team with some of the Valley’s most recognized and successful medical office brokers to […]
News Release: Hammes Company again tops list of healthcare developers
National firm ranks No. 1 on annual list with more than $1.1 billion in completed projects in 2012, earning the top spot for the 13th time in the past 14 years BROOKFIELD, Wis., April 15, 2013 – Hammes Company has once again topped the annual list of America’s leading healthcare facility developers. Hammes Company completed projects totaling […]
Cover Story: Creative MOB leasing
Landlords are filling space with everything from telemedicine to optical shops By Murray W. Wolf The consolidation of the healthcare industry has many medical office building (MOB) owners concerned – perhaps rightfully so. Mergers and acquisitions (M&As) among hospitals and health systems, as well as acquisitions of physician groups, are having an impact on real estate […]
Editor’s Letter: Postcard from San Fran
BOMA’s MOB conference has become the standard Dear Reader: As you read this edition of Healthcare Real Estate Insights™, the chances are good that you’re doing so in San Francisco while attending the 2013 BOMA International Medical Office Buildings & Healthcare Facilities Conference. If that’s not the case, wish you were here. The fact is, […]
News Release: Johnson Development starts medical office building on campus of St. Vincent’s Medical Center Clay County
JACKSONVILLE, Fla. (April 12, 2013) – Johnson Development has begun construction of a 60,000-square-foot medical office building next to the new hospital, part of a new medical complex that will serve one of Florida’s fastest-growing counties.The medical office building, expected to be complete in October, will include facilities for cardiology, wound care, orthopedics, rehabilitation, neurology, […]
News Release: Caddis Partners welcomes Jud Jacobs as senior vice president
DALLAS (April 10, 2013) – Dallas-based healthcare real estate development and investment firm Caddis Partners proudly announced this week the addition of Jud Jacobs as Senior Vice President. Jacobs will lead the development group and focus on establishing new and managing current relationships with hospitals, physician groups and healthcare systems across the U.S. Prior to […]
News Release: New $18 million medical office building breaks ground in Oak Lawn, Ill.
Chicago, April 9, 2013 – Excavators were on-site last week to begin development of a new $18 million Class A regional medical office building on 95th Street in Oak Lawn, Illinois, adjacent to Advocate Christ Medical Center. Bluestone Healthcare Partners, LLC, the developer of the project, expects occupancy in November 2013. The two-story, 37,658-square-foot outpatient […]
News Release: CBRE awarded Far North Central San Antonio medical office leasing assignment
SAN ANTONIO, Texas – April 8, 2013 – CBRE has been exclusively selected as the leasing agent for Stone Oak Physicians Plaza in San Antonio, which totals 68,072 square feet. Stone Oak Physicians Plaza I & II is located at 19016 Stone Oak Parkway and 540 Oak Centre Drive. The property was built in 1998 […]
Industry Pulse: Provider hit with $25.5 million fine for self-disclosed Stark violations
An announcement last week by the U.S. Department of Justice is sure to provide fresh ammo to healthcare real estate professionals who contend that one of the benefits of third-party real estate ownership is that it is a good way to avoid Stark Statute violations.
News Release: Acadia Healthcare to acquire two acute inpatient psychiatric facilities in Puerto Rico and Florida for $91.8 million
April 05, 2013 06:50 AM EDT FRANKLIN, Tenn. — (BUSINESS WIRE) — Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has signed a definitive purchase agreement with Ten Broeck Tampa, Inc. and Capestrano Investment Company, Inc. to purchase two acute inpatient psychiatric facilities. Acadia will acquire the San Juan Capestrano Hospital in San […]
News Release: Griffin-American Healthcare REIT Acquires Buildings in Colorado, Georgia, Indiana and Michigan
Acquisitions in Colo., Ga., Ind. and Mich. increases portfolio to $1.42 billion NEWPORT BEACH, Calif., April 3, 2013 (GLOBE NEWSWIRE) — American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of five medical office buildings by the REIT for an aggregate purchase price of approximately […]
News Release: MedProperties acquires Atrium Medical Center MOB
The 103,000 square foot medical office building is connected to the Atrium Medical Center in Middletown, Ohio, and offers convenient access and ease of use by patients and physicians MIDDLETOWN, Ohio, and DALLAS, April 3, 2013 – A new partnership of MedProperties Holdings LLC of Dallas, Texas and Equity Inc. of Columbus, Ohio, now owns […]