Healthcare

RM CROWE AFFILIATE ACQUIRES STAKE IN STONEGATE SURGERY CENTER

by admin July 28, 2009

AUSTIN, TEXAS — RMC MedStone, an affiliate of Dallas-based RM Crowe, has acquired a controlling interest in Stonegate Surgery Center, a single-story ambulatory surgery center located in Austin. The facility totals 9,100 square feet and is located at 2501 W. William Cannon Dr. It currently features three operating rooms, one procedure room, three pre-operative suites and seven recovery suites. However, an expansion is under way that will add two operating rooms, four recovery suites, six pre-operative suites and four IV prep pre-operative suites. Additional construction will convert three of the existing per-operative suites to recovery suites as well as expand the office space. Terms of the transaction were not released.

July 28, 2009

CONSTRUCTION FIRM BREAKS GROUND ON HEALTHCARE PROJECTS

by admin July 24, 2009

GEORGIA — Atlanta-based Batson-Cook Co. is constructing two healthcare projects totaling $25.6 million for Northside Hospital. The firm will add 52,800 square feet to the Northside Hospital–Forsyth Surgery Center, located on Northside Forsyth Drive in Cumming, Ga. The hospital will remain open while the $17 million project is being completed. Batson-Cook has also broken ground on a 59,500-square-foot medical office building on Northside’s Cherokee campus, located at 201 Hospital Rd. in Canton, Ga. The office, which is scheduled for completion next January, will include an imaging suite with MRI facilities.

July 24, 2009

Healthcare Midwest

FIRM TAKES ON HOSPITAL BUILD-OUT PROJECT

by admin July 24, 2009

NEW LENOX, ILL. — Woodbridge, Ill.-based Morgan/Harbour Construction will undertake an 11,868-square-foot build-out in the Silver Cross Medical Office Building for the Hinsdale Orthopedic Group. The project, located at 1870 Silver Cross Blvd. in New Lenox, includes building interior suites on the building’s first two floors. In addition to building out X-ray, physical therapy and treatment rooms, Morgan/Harbour also is in charge of expanding nursing stations, a waiting area and a laboratory. Chicago-based Design Organization is serving as the project’s architect.

July 24, 2009

Healthcare Southeast

FLINT RIVER RECOVERY CENTER COMING TO ALBANY

by admin July 21, 2009

ALBANY, GA. — Wellness Center Partners, with the help of Atlanta-based Bryant Commercial Real Estate Partners and Stevens Financial Service, are developing the 85-bed Flint River Recovery Center in Albany. No groundbreaking date has been set for the hospital, which is located in the former Turner Field Naval Hospital on Turner Road. After construction funds are obtained, Albany-based Pellicano Construction will build the center.

July 21, 2009

Healthcare Midwest

NORTHMARQ ARRANGES $17.1 MILLION MEDICAL OFFICE LOAN

by admin July 21, 2009

AURORA, ILL. — Michael Sieman of NorthMarq’s Chicago office has arranged $17.1 million in construction-to-permanent-first-mortgage financing for an 81,000-square-foot medical office building located in Aurora. The non-recourse financing was secured at 80 percent loan-to-value, with a 10-year term and 30-year amortization schedule. The 70 percent pre-leased building is situated on an existing medical campus, and Rush-Copley Hospital has signed on to occupy 40 percent of the new facility.

July 21, 2009

Healthcare Texas

MEDCAPITAL GROUP SECURES $3.11 MILLION MEDICAL CONSTRUCTION LOAN

by admin July 17, 2009

LUBBOCK, TEXAS — MedCapital Group has secured $3.11 million on construction financing for the development of a 10,000-square-foot radiation center located in Lubbock. The loan carries a 6 percent fixed interest rate with interest-only payments for the first 18 months, followed by a 3-year term with a 30 year-amortization schedule thereafter. The financing package also included a $300,000 revolving line of credit with a variable interest rate based off of prime plus 1 percent, and a 6.5 percent floor. The borrower is a partnership between seven urologists and a professional management company. The lender was undisclosed.

July 17, 2009

Healthcare Midwest

CONTEGRA BREAKS GROUND FOR $4.5 MILLION COUNSELING CENTER

by admin July 15, 2009

ALTON, ILL. — Edwardsville, Ill.-based Contegra Construction has begun construction for the new Community Counseling Center for Madison County. The $4.5 million project will be built at 2615 Edwards St. in Alton. It will consist of a three-story, 37,000-square-foot facility that was designed by Glen Carbon, Ill.-based Hurford Architects. The current Community Counseling Center, which provides behavioral health services to approximately 27,000 Madison County residents annually, is spread out among four different locations. The new facility will consolidate them in a single location. Completion is slated for May 2010.

July 15, 2009

Healthcare Midwest

LEOPARDO BEGINS CONSTRUCTION FOR FIVE HEALTHCARE PROJECTS

by admin July 15, 2009

CHICAGO — Leopardo has started construction for five Illinois healthcare projects. In Naperville, Leopardo is building out a 12,000-square-foot dermatology and plastic surgery suite for DuPage Medical Group. It will feature eight procedure rooms, 12 exam rooms and a photodynamic therapy room. Eckenhoff Saunders is the architect. In Itasca, the company is completing an 80,000-square-foot office headquarters for Gift of Hope that will feature three operating rooms. The architect is Stromsland and DeYoung. In Arlington Heights, the project is a new 12,000-square-foot neonatal intensive care unit for Northwest Community Hospital that will feature 20 new special-care private nursery rooms and is slated for completion in spring 2010. Leopardo will also be building the clinic space of the University of Chicago Comer Children’s Hospital. The $16 million, 24,000-square-foot project will feature 40 new rooms for examinations, procedures, testing and radiology. Leopardo will also replace the north façade of the building and install a new five-story stair tower with a two-car elevator bank. Proteus Group is the architect. Finally, the company is remodeling the first floor of a two-story building on the Swedish Covenant Hospital campus in Chicago. The floor will feature a new physician group’s office with five exam rooms.

July 15, 2009

Healthcare Northeast

HEYWOOD HOSPITAL ADDITION BREAKS GROUND

by admin July 14, 2009

GARDNER, MASS. — Construction management firm William A. Berry & Son has broken ground for a 72,000-square-foot addition to Heywood Hospital, located in Gardner. The new building, known as the Watkins Acute Care & Emergency Center, will house a new emergency center and two floors of inpatient care. The hospital’s intensive care unit, as well as its Favor III medical, surgical and telemetry services, will be relocated to the new building’s second floor. The third floor of the building will eventually house the hospital’s Favor II medical surgical unit. The construction timetable was not released.

July 14, 2009

Healthcare Northeast

CONSTRUCTION TOPS OFF FOR $341 MILLION HOSPITAL

by admin July 10, 2009

HOPEWELL TOWNSHIP, N.J. — Construction has topped out for the Capital Health replacement hospital building in Hopewell Township. The $341 million project will feature 237 beds and will span 596,492 square feet. The project will include a facility for a Cyberknife®a non-surgical, robotic radiosurgery system. The project, which is slated for completion in late 2011, will be LEED certified and will incorporate the use of regional building materials, green roof gardens, a water recovery and storage irrigation system, and will regenerate power from the elevators. The hospital is just one component of an 80-acre healthcare development that will also include an attached 350,000-square-foot medical office building. The new flagship facility is conveniently located near the nexus of the tri-state area and is easily accessed from I-95 exit 3B. The project is being developed by Capital Health. Skanska USA Building, HKS Architects, and Array Healthcare Facilities Solutions are also involved in the development of the hospital.

July 10, 2009

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