Companies & People: JLL to oversee large system’s portfolio
Firm’s Healthcare Solutions Group to manage Adventist’s 8.1 million square feet By John B. Mugford Count Adventist Health, a system with 19 hospitals and numerous outpatient facilities in four Pacific states, among those turning to third-party real estate firms to oversee, manage and provide strategies for their real estate portfolios. The Roseville, Calif.-based system has […]
Companies & People: Irgens completes MOB for system in growing area of Sioux City, Iowa
SIOUX CITY, Iowa– Milwaukee-based Irgens and Sioux City hospital UnityPoint Health-St. Luke’s recently opened a new $26.7 million MOB in a growing area of the city. Sunnybrook Medical Plaza is a two-story, 86,315 square foot facility that, according to health system officials, will serve as a regional hub for outpatient healthcare delivery in what is […]
Companies & People: Duke Realty completes outpatient campus for Northside Hospital
WOODSTOCK, Ga. – A four-story, 100,797 square foot medical office building (MOB) developed by Indianapolis-based Duke Realty Corp. has opened just off U.S. Interstate 575 in Woodstock, about 25 miles north of Atlanta. The MOB carries the flag of Northside Hospital-Cherokee, whose future replacement hospital is being constructed about 11 miles to the north, in […]
Companies & People: Neil Carolan, BOMA co-chair and former hospital executive, joins Rendina Cos.
JUPITER, Fla. – Neil Carolan, well-known in the healthcare real estate (HRE) sector through his involvement with the annual BOMA Medical Office Building and Healthcare Facilities Conference, recently joined Jupiter-based Rendina Cos. His role as senior VP of business development is to generate new business opportunities and expand healthcare relationships for the firm’s West Coast […]
Companies & People: New HRE firm buys Texas hospital, looking for more opportunities
DALLAS – A new, potentially nationally focused healthcare real estate firm launched its operation in recent months with the purchase of what was previously known as The Hospital at Craig Ranch in McKinney, Texas. The new real estate firm, Dallas-based Forge Realty Partners, along with its main tenant in the facility, The Woodlands, Texas-based Victory […]
Companies & People: Hammond Hanlon Camp adds three executives to its growing staff
NEW YORK – New York-based Hammond Hanlon Camp (H2C), an advisory and investment banking firm focused on the healthcare sector, recently added three people to its national staff. In New York, the company hired
Companies & People: More HRE Company News
■ HCP Inc. (NYSE: HCP) has been named the global and North American leader for the healthcare sector by the Global Real Estate Sustainability Benchmark (GRESB). It is the second consecutive year that Long Beach, Calif.-based HCP was ranked No. 1 among survey respondents within its sector. HCP was also awarded the
REIT Report: Pay attention to a REIT’s payor mix
A differing blend of MOBs, post-acute and senior living assets affects valuations By Murray W. Wolf With the aging of the U.S. population, many investors have jumped on the healthcare real estate investment trust (REIT) bandwagon during the past decade, and more have piled on since the passage of the Patient Protection and Affordable care […]
News Release: Holladay negotiates lease with Loyola University Medical Center
Holladay Properties is pleased to announce a new lease with Loyola University Medical Center in Oak Brook Terrace, Ill. at the Oak Brook Terrace Medical Center located at 1S224 Summit Avenue in Oak Brook Terrace. Holladay Properties provides leasing and property management services for this 92,000 square foot, two building medical campus owned by HCP, […]
News Release: Market Street Dermatology Moving to International Market Square
Practice to Open October 2013 MINNEAPOLIS, (Sept. 19, 2013) – Greywolf Partners, Inc., property and asset manager for International Market Square (IMS), recently finalized the execution of a 4,328 square foot, ten-year lease with Market Street Dermatology. Elyse Scheuer, MD and Lynda Kauls, MD will be opening their new practice in IMS in October 2013. […]
News Release: Griffin-American Healthcare REIT II Completes $472.2 Million Acquisition of 44-Facility UK Senior Housing Portfolio
REIT adds significant international component; expands portfolio to $2.1 billion in value, based on aggregate acquisition price NEWPORT BEACH, Calif. (Sept. 12, 2013) – Griffin-American Healthcare REIT II, Inc. announced today that it has completed the acquisition of a 44-facility portfolio of premium senior housing and care facilities located in England, Scotland and the Channel […]
Industry Pulse: NexCore Development Agrees to Pay $114M for Dignity Health MOB Portfolio
Commercial real estate blogger Jay Rickey reports on his “Commercial Real Estate from the SEC” website that NexCore Group has agreed to pay $114 million for the Dignity Health MOB portfolio. Please see the full article here: http://www.jayrickey.com/2013/09/11/nexcore-development-agrees-to-pay-114m-for-dignity-health-mob-portfolio/
News Release: CNL Healthcare Properties Acquires Six Medical Facilities
Portfolio includes five medical office and healthcare related buildings and one specialty hospital (ORLANDO, Fla.) Aug. 29, 2013 – CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired a portfolio including five medical office buildings and one specialty hospital for $59.5 million. The properties are located in the Cleveland; […]
Industry Pulse: 2013 InterFace Healthcare Real Estate Dallas draws good turnout
We are just moments away from the start of the 2013 InterFace Healthcare Real Estate Dallas conference, and the conference organizers say we will have a very good turnout: about 230 registrants from the Dallas area and beyond. As always, Healthcare Real Estate Insights is a proud Media Sponsor of this excellent annual event. Things […]
News Release: Medical Office Remains Prime Asset Class Amongst Investors
Jones Lang LaSalle says transaction volumes in 2013 expected to meet or exceed 2012 levels; performance, long-term demand and significant capital raises contribute to favored status CHICAGO, August 23, 2013 – The Medical Office Building sector continues its reign as one of the most sought-after product types in commercial real estate following record-setting pace for […]