Transactions: Healthcare Realty Trust buys 91,000 s.f. MOB near major hospital in Gastonia, N.C.
GASTONIA, N.C. – Large, publicly traded REITs often look to buy properties in large bunches, as individual buildings typically don’t “move the needle” enough for them. However, they do often show interest in single properties put on the market if they have other buildings in the area, which allows them to achieve economies of scale […]
Transactions: Two MOB transactions, two vastly different prices paid per foot
NEW YORK and AURORA, Colo. – If ever a case could be made supporting the adage that location means everything in real estate, two recent MOB sales fit the bill. The sales also prove that when it comes to MOBs, occupancy at the time of the offering can mean a lot, too. One of the […]
Transactions: ARC Healthcare Trust buys MOB in Richmond for $19.2 million
RICHMOND, Va. – Talk about the ultimate retail location for a healthcare facility. New York-based ARC Healthcare Trust recently acquired an MOB in
Hot Property: Say ‘aloha’ to Hawaiian MOB for sale
Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant Name: Kapolei Medical Park Address: 599 Farrington Highway City: Kapolei, Hawaii Number of buildings: 2 Square footage: 51,545 Lot size: 3.47 acres Occupancy: 97% Seller: James Campbell Co. Largest tenant: Kaiser Permanente (30%) Buildings completed: 1999 First year NOI: $1.1427 million […]
Transactions: More HRE Transactions
■ Griffin-American Healthcare REIT II Inc. recently acquired an MOB at
Outpatient Projects: Heart center to re-use old hospital space
Anchor Health Properties in charge of repurposing under-used area at St. Elizabeth Edgewood By John B. Mugford As the healthcare delivery model continues to shift nationwide, it is likely that more and more space will become available for a variety of uses inside the place where almost all medical services were once delivered: the hospital. […]
Outpatient Projects: Bracket Flagship Properties starts new orthopedic facility outside Charlotte
GASTONIA, N.C. – Charlotte, N.C.-based Brackett Flagship Properties LLC recently started the development of an orthopedic care facility in Gastonia. The site of the future home for Carolina Orthopaedic & Sports Medicine is at the intersection of Court Drive and Summit Crossing Place, just a block or so from the 435-bed Caromont Regional Medical Center. […]
Outpatient Projects: Bronx-based developer working on 85,000 s.f. MOB in Westchester Co.
PURCHASE, N.Y. – Bronx, N.Y.-based Simone Healthcare Development and Greenwich, Conn.-based Fareri Associates are teaming up on the development of a four-story, 85,000 square foot MOB at 3030 Westchester Ave. in Purchase. The site is within Simone’s Harrison Executive Medical Park just off U.S. Interstate 287 in Westchester County. The building, slated for occupancy in […]
Outpatient Projects: MOB underway in un-used portion of parking lot at horse track in Santa Anita
SANTA ANITA, Calif. – After more than a year of planning and gaining city approvals, Monrovia, Calif.-based Hale Corp. in recent weeks started construction on a $20 million, four-story MOB in the southern parking lot of the Santa Anita Park horseracing track.
Outpatient Projects: VA chooses Johnson Development to develop, own clinic in Huntsville, Ala.
HUNTSVILLE, Ala. – Work is expected to start in a few months on a $25 million, 60,150 square foot outpatient clinic in Huntsville that will be occupied by the U.S. Department of Veteran’s Affairs (VA).
Outpatient Projects: VA selects Graham & Co. for outpatient facility, parking deck in Birmingham, Ala.
BIRMINGHAM, Ala. – In more news from the VA, the federal department recently announced that it has chosen a site, developer, architect and general contractor for its future $50 million MOB and parking deck project in Birmingham.
Outpatient Projects: More Outpatient Projects
■ Development continues to take place on and around the campus of the new University Medical Center of Princeton at Plainsboro in New Jersey. The latest is a project by Children’s Hospital of Philadelphia (CHOP), which recently started construction on a
Inpatient Projects: Virginia replacement reduces beds
Riverside Health’s future hospital on Eastern Shore expected to cost about $80M FORT WORTH, Texas – Officials with HCA North Texas recently broke ground on a $71 million future hospital and an adjoining MOB in an area known as Alliance in north Fort Worth, a marketplace that has become highly competitive among healthcare providers. Both […]
Inpatient Projects: Despite court delay, Centegra still planning $233M Illinois hospital
HUNTLEY, Ill. – A late-October groundbreaking planned for a new hospital in Huntley has been postponed, perhaps until December, due to an ongoing court battle concerning the project’s certificate of need (CON) approval from the state. Despite the setback, officials with Crystal Lake, Ill.-based Centegra Health System say they are confident that a judge will […]
Inpatient Projects:HCA breaks ground in competitive healthcare market north of Fort Worth, Texas
FORT WORTH, Texas – Officials with HCA North Texas recently broke ground on a $71 million future hospital and an adjoining MOB in an area known as Alliance in north Fort Worth, a marketplace that has become highly competitive among healthcare providers. Both the hospital, called