Healthcare

Veterans-Affairs-Clinic-Copperas-Cove-Texas

Cullinan Properties Underway on 256,000 SF Veterans Affairs Clinic in Copperas Cove, Texas

by Taylor Williams November 13, 2026

COPPERAS COVE, TEXAS — Illinois-based developer Cullinan Properties is underway on construction of a 256,000-square-foot Veterans Affairs (VA) clinic at 552 Robert Griffin III Blvd. in the Central Texas city of Copperas Cove. The new two-story clinic will offer a full range of services, including imaging, dental, endoscopy, primary care, social work, dermatology and cardiology. The facility will also have a dedicated clinic for women. Sitework commenced in September, and a groundbreaking ceremony took place on Oct. 8. Construction is expected to be complete in fall 2028, with the first patients expected to be seen in January 2029.

November 13, 2026

Healthcare New Jersey Northeast Office

Andalex Group Recapitalizes 276,000 SF Office, Healthcare Campus in Englewood Cliffs, New Jersey

by Taylor Williams November 13, 2026

ENGLEWOOD CLIFFS, N.J. — New York City-based Andalex Group has recapitalized Sylvan Corporate Center, a four-building, 276,000-square-foot office and healthcare campus in the Northern New Jersey community of Englewood Cliffs. RXR, Waterfall Asset Management and New York Life Investment Management jointly funded the recapitalization, though details on specific changes within the debt and equity components of the property’s capital stack were not disclosed. In connection with the recapitalization, Englewood Health executed a 20-year lease expansion and extension that will double its footprint at the property to approximately 202,000 square feet.

November 13, 2026

Healthcare Market Reports Texas Texas Market Reports

Rising Rates, Split Market: How Higher Interest Rates Are Reshaping the Texas Medical Office Market

by Taylor Williams November 12, 2026

By Ryan McCullough, partner, managing director, Austin, Partners Real Estate Dating back to mid-August, the 10-year Treasury yield rose about 65 basis points to 5.29 percent in early October before slipping back below 5 percent toward the end of the month. That move has widened the gap between how the Texas medical office market prices perceived safety and perceived risk. Early in 2026, deals with perceived safety, such as those with national tenants on long-term leases, traded at staggeringly low cap rates that didn’t align with market debt. With all-in interest rates at 5.75 to 6.25 percent, we saw cap rates at or below those numbers. On market terms for amortization and down payment, the loan constant on that debt is close to 8 percent. The debt service could never meet coverage requirements, yet those deals kept trading. Deals with perceived risk, such as those with short-term leases with local or regional tenants, traded in the mid-7-percent cap range. That pricing reflected current debt and the adjustments sellers needed to make to meet the market. Those cap rates have kept rising, and buyers are getting more aggressive in what they ask for. Now debt has risen to nearly 7 percent, …

November 12, 2026

Development Healthcare Texas

Baylor Scott & White Provides Updates on $240M Healthcare Expansion Project in Waxahachie, Texas

by Taylor Williams November 11, 2026

WAXAHACHIE, TEXAS — Baylor Scott & White has provided updates on a $240 million healthcare expansion project in Waxahachie, a southern suburb of Dallas. Baylor Scott & White Medical Center – Waxahachie is a 52-acre campus that opened in 2014, and construction is now complete on a six-story inpatient building that represents the largest phase of the broader expansion project. The new building increases the facility’s licensed bed count from 140 to 199 and features an intensive care unit, surgery department and an expanded emergency department. Project partners included architect HKS, general contractor Whiting-Turner and Henderson Engineers. Construction of the new building began in spring 2024.

November 11, 2026

Acquisitions Arizona Healthcare Western

Meridian, Harrison Street Dispose of 182,900 SF El Dorado Medical Plaza in Tucson

by Amy Works November 6, 2026

TUCSON, ARIZ.— Meridian and Harrison Street Asset Management have completed the sale of El Dorado Medical Plaza, a three-story healthcare campus located at 1400 N. Wilmot Road in Tucson. Franklin, Tenn.-based Medical Realty acquired the asset for an undisclosed price. Situated on 11.7 acres, El Dorado Medical Plaza offers 182,900 square feet of medical office space, a surgery center and hospital uses. The facility is anchored by Tucson Medical Center (TMC) and El Dorado Springs Behavioral Health, a Lifepoint Health behavioral health hospital. Meridian, in partnership with Harrison Street, negotiated a lease extension with TMC, which now occupies approximately 78,000 square feet of the property. JLL’s Medical Properties Group represented the seller in the deal. Andrew Milne, Evan Kovac, Matt DiCesare and Sam Prendergast of JLL facilitated the sale, while John Chun and Jarrod Howard of JLL arranged financing for the buyer. Meridian and Harrison Street purchased El Dorado Medical Plaza in March 2021 through a joint venture partnership. During its ownership, the joint venture invested in capital improvements at the property and worked with its major tenants on multi-year lease commitments and expansions.

November 6, 2026

Health-Medical-Outpatient-Solano-County-CA

Acquisitions California Healthcare Western

Newmark Arranges $130M Sale of NorthBay Healthcare Portfolio in Northern California

by Amy Works November 3, 2026

FAIRFIELD AND VACAVILLE, CALIF. — Newmark has brokered the sale of NorthBay Health Medical Outpatient Building Collection in Northern California’s Solano County. Totaling 222,073 square feet, the six fully leased healthcare buildings are located in Fairfield and Vacaville, Calif. NorthBay Health fully occupies the portfolio, which comprises five medical outpatient facilities and NorthBay Health’s office headquarters. HealthCore Foundation acquired the portfolio for $130 million. Ben Appel, Justin Shepherd, Jay Miele, John Naro, Michael Greely and Ron Ott of Newmark advised the undisclosed seller in the deal.

November 3, 2026

Acquisitions Florida Healthcare Office Southeast

City of Coral Gables Acquires Downtown Medical Office Building from ShareMD for $24M

by John Nelson November 3, 2026

CORAL GABLES, FLA. — The City of Coral Gables has purchased a medical office building located at 475–495 Biltmore Way in the city’s downtown district for $24 million. ShareMD sold the 53,029-square-foot property, which shares a city block with Coral Gables City Hall and the City’s Planning and Zoning Department. The City of Coral Gables, which now controls the entire block, has retained ShareMD’s property management affiliate, Medicus Asset Management LLC, to continue managing the building for an initial one-year term. Blanca Commercial Real Estate was the leasing agent for the property. In addition to the sale, ShareMD has announced it is rebranding to Parallel Medical Properties effective immediately. The firm owns and operates a 500,000-square-foot portfolio of medical office buildings in Florida and California.

November 3, 2026

UCHealth-Memorial-Hospital-North-Colorado-SpringS

Colorado Development Healthcare Top Stories Western

UCHealth Breaks Ground on $463M Healthcare Expansion Project in Colorado Springs

by Taylor Williams October 30, 2026

COLORADO SPRINGS, COLO. — University of Colorado Health (UCHealth) has broken ground on a $463 million expansion project at its Colorado Springs campus. The project will increase the size of the UCHealth Memorial Hospital North campus by more than 300,000 square feet, inclusive of a six-story inpatient tower, eight new operating rooms and an expanded emergency department. Approximately 45 percent of the new space will be built out for immediate use, while the remaining space will be shelled to accommodate future growth. In addition, the expansion will increase the hospital’s capacity from 140 beds to 190, initially adding 34 medical-surgical beds and 14 intensive care unit (ICU) beds. Lastly, the project includes the construction of a new parking garage with roughly 875 spaces for patients, visitors and staff, as well as renovations to the lobby, pharmacy, laboratory, kitchen and cafeteria of the main hospital building. Perkins & Will is the project architect, and JE Dunn is serving as the general contractor. Milwaukee-based investment and development firm Hammes is serving as UCHealth’s owner representative and project manager. A groundbreaking ceremony took place earlier in the month, and completion is slated for summer 2029. “Expanding an active hospital requires a careful balance …

October 30, 2026

Development Healthcare Northeast Pennsylvania

Geisinger Tops Out 600,000 SF Healthcare Project in Wilkes-Barre, Pennsylvania

by Taylor Williams October 23, 2026

WILKES-BARRE, PA. — Geisinger Health System has topped out construction of a 600,000-square-foot project in Wilkes-Barre, located in northeastern Pennsylvania. The 11-story inpatient facility is being developed as part of the Geisinger Wyoming Valley Medical Center expansion. Project partners include architect FCA, general contractor Turner Construction, structural engineer O’Donnell and Naccarato and steel fabricator Beauce Atlas. Completion is slated for 2028. As part of the project, Geisinger is also renovating 102,000 square feet of existing hospital space and a pedestrian bridge that connects the project to a medical office building that is also under construction on campus.

October 23, 2026

Acquisitions Colorado Healthcare Mixed-Use Office Restaurant Retail Western

CentrePoint Properties Divests of 52,743 SF Mixed-Use Property in Wheat Ridge, Colorado

by Amy Works October 23, 2026

WHEAT RIDGE, COLO. — CentrePoint Properties has completed the sale of Wilmore Center, a mixed-use property in Wheat Ridge, to HCA HealthONE for $14.5 million. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Situated on 5 acres at 7615 W. 38th Ave., Wilmore Center comprises two single-story multi-tenant buildings offering a total of 52,743 square feet of mixed-use space and 236 parking spaces. At the time of sale, the asset was 84 percent occupied by 15 tenants. The tenant mix includes retail, food and medical, with 68 percent of the leased area occupied by medical-related tenants.

October 23, 2026

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