Healthcare Archives - REBusinessOnline

Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts

Taylor Williams — Fri, 01 May 2026 13:03:03 +0000

WESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc. Grossman has appointed local brokerage and advisory firm KeyPoint Partners to manage the building. The seller and sales price were not disclosed.

The post Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts appeared first on REBusinessOnline.

Vertical Construction Begins on $1.2B Hospital Development in North Charleston

John Nelson — Thu, 30 Apr 2026 14:47:10 +0000

NORTH CHARLESTON, S.C. — The Barton Malow | Edifice joint venture team has begun structural steel work at Roper St. Francis Healthcare’s $1.2 billion Roper Hospital development in North Charleston. The start of steel work signals the 27-acre project’s transition from below-grade construction to its vertical rise. Designed by E4H Environments for Health Architecture and Skidmore, Owings & Merrill, the hospital campus will span 805,000 square feet and will offer 328 inpatient beds, a 47-bay emergency department, 44 critical care beds, 18 operating rooms, a comprehensive imaging department and a 12-bay hemodialysis unit. Completion is targeted for 2029.

The post Vertical Construction Begins on $1.2B Hospital Development in North Charleston appeared first on REBusinessOnline.

Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South Florida

John Nelson — Thu, 30 Apr 2026 14:41:28 +0000

DELRAY BEACH, FLA. — Cushman & Wakefield has brokered the $6.9 million sale of Delray Beach Medical Pavilion, a 36,041-square-foot healthcare facility located at 14000 S. Military Trail in Delray Beach. Located in South Florida’s Palm Beach County, the clinic features covered parking and was 63.4 percent leased at the time of sale. Benlee Asset Management purchased Delray Beach Medical Pavilion from the seller, an entity doing business as 14000 S Military Trail LLC. Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Gino Lollio and Travis Ives of Cushman & Wakefield represented the seller in the transaction.

The post Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South Florida appeared first on REBusinessOnline.

Cushman & Wakefield Brokers $4.3M Sale of Medical Office Building in Westwood, New Jersey

Taylor Williams — Thu, 23 Apr 2026 13:15:21 +0000

WESTWOOD, N.J. — Cushman & Wakefield has brokered the $4.3 million sale of a 33,277-square-foot medical office building in the Northern New Jersey community of Westwood. According to LoopNet Inc., the three-story building at 400 Old Hook Road was originally constructed in 1987. Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller in the transaction. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing on behalf of the buyer. Both parties requested anonymity.

The post Cushman & Wakefield Brokers $4.3M Sale of Medical Office Building in Westwood, New Jersey appeared first on REBusinessOnline.

Kraus-Anderson Completes 10,000 SF Remodel at Lakeview Clinic in Waconia, Minnesota

Kristin Harlow — Wed, 22 Apr 2026 13:46:48 +0000

WACONIA, MINN. — Kraus-Anderson has completed an interior and exterior remodel of Lakeview Clinic in Waconia, about 35 miles southwest of Minneapolis. Designed by DSGW Architecture, the project includes a 10,000-square-foot renovation. Key updates included relocating the main entrance; phased enhancements to the waiting areas and registration desk; and the expansion and renovation of the OB/GYN and podiatry clinics as well as the optical shop. The project also added new patient parking, including handicap stalls directly adjacent to the new entrance. Lakeview Clinic is an independent, physician-owned multispecialty group that has served the area for 70 years. Lakeview also operates clinics in Chaska, Norwood and Watertown.

The post Kraus-Anderson Completes 10,000 SF Remodel at Lakeview Clinic in Waconia, Minnesota appeared first on REBusinessOnline.

MAS AJP, Flagler to Develop 20,000 SF MedSquare Healthcare Facility in Charlottesville

John Nelson — Tue, 21 Apr 2026 13:59:47 +0000

CHARLOTTESVILLE, VA. — A joint venture between MAS AJP and Flagler Healthcare plans to develop MedSquare Charlottesville, a 20,000-square-foot healthcare facility located at 300 Worrell Drive. The project will be fully leased to Gastro Health, a digestive health services provider. MAS AJP and Flagler Healthcare plan to deliver the facility in first-quarter 2028. The Charlottesville project represents the first MedSquare-branded healthcare facility planned outside the state of Florida. MAS AJP and Flagler Healthcare are expanding the brand with this facility and MedSquare Port St. Lucie, a 68,000-square-foot in southeast Florida anchored by Cleveland Clinic.

The post MAS AJP, Flagler to Develop 20,000 SF MedSquare Healthcare Facility in Charlottesville appeared first on REBusinessOnline.

CBRE Arranges Sale of Three-Building Medical Office Portfolio in Stamford, Connecticut

Taylor Williams — Tue, 21 Apr 2026 13:36:36 +0000

STAMFORD, CONN. — CBRE has arranged the sale of a portfolio of three medical office buildings in the southern coastal Connecticut city of Stamford. The portfolio’s square footage was not disclosed. The buildings at 945, 999 and 1275 Summer Street are home to 15 different medical and dental practices in fields such as orthopedics, pediatrics, orthodontics and female reproductive health. Jeff Dunne, Steve Bardsley, Travis Langer, Brannan Knott and Chris Bodnar of CBRE represented the seller, Summer Street Properties, in the transaction. CBRE also procured the buyer, an affiliate of Albany Road Real Estate Partners.

The post CBRE Arranges Sale of Three-Building Medical Office Portfolio in Stamford, Connecticut appeared first on REBusinessOnline.

Texas’ Supply Problem in Medical Office — And Why It Matters More Than Some May Think

Taylor Williams — Tue, 21 Apr 2026 12:06:00 +0000

By Connor Watson, senior vice president, Partners Real Estate For years, the investment narrative around medical office as an asset class has been simple: stable demand, recession-resistant tenants and steady growth driven by the shift to outpatient care. That narrative is still true, but it’s incomplete. What’s shaping the next phase of healthcare real estate isn’t just demand. It’s a growing imbalance on the supply side. And in markets like Texas, that imbalance is becoming even more pronounced. Demand Isn’t the Story Anymore As a trend in healthcare real estate, outpatient migration is well understood at this point. Procedures continue to take place outside of traditional hospitals and within lower-cost settings like medical office buildings and ambulatory surgery centers. In Texas, that demand is amplified due to the following reasons: These economic and demographic trends have resulted in consistent tenant demand, high occupancy across most major markets and strong rates of retention from healthcare providers. But demand alone doesn’t create outsized opportunities; constraints do. The Real Shift: Supply Is Slowing Down New medical office development has quietly pulled back over the past several years. Not because demand isn’t there, but because the economics have changed. That shift is especially visible…

The post Texas’ Supply Problem in Medical Office — And Why It Matters More Than Some May Think appeared first on REBusinessOnline.

Pacific Building Group Completes 75,000 SF Sharp Rees-Stealy Medical Office Building in Chula Vista

Amy Works — Mon, 20 Apr 2026 13:43:59 +0000

CHULA VISTA, CALIF. — Pacific Building Group has completed construction of Sharp Rees-Stealy Chula Vista, a medical office building in Chula Vista. The project was developed by PMB, in partnership with Sharp Rees-Stealy Medical Group. HGW Architecture designed the property. Located at 480 H St., the three-story, 75,000-square-foot facility houses a variety of outpatient services, including primary and specialty care, urgent care, physical therapy, radiology, cardiology, neurology and laboratory and pharmacy departments. The property is connected via a covered bridge to a 127,000-square-foot, 375-stall parking structure.

The post Pacific Building Group Completes 75,000 SF Sharp Rees-Stealy Medical Office Building in Chula Vista appeared first on REBusinessOnline.

Compass Capital Investments Buys 71,971 SF Medical Office Property in San Diego

Amy Works — Fri, 17 Apr 2026 13:04:35 +0000

SAN DIEGO — Compass Capital Investments has acquired RB Medical Plaza, a medical office property located at 11770 Bernardo Plaza Court in San Diego, from Bernardo Court MOB LLC for $18.2 million. RB Medical Plaza offers 71,971 square feet of medical office space spread across two buildings. The medical tenant mix includes dermatology, urology, pain management and chiropractic services. The asset was originally built in the 1980s and remodeled in 2023. Matt Porch, Anthony DeLorenzo and Chris Bodnar of CBRE represented the seller in the transaction.

The post Compass Capital Investments Buys 71,971 SF Medical Office Property in San Diego appeared first on REBusinessOnline.

Maddox Brokers $11M Sale of Medical Office Building in Knoxville

Abby Cox — Fri, 17 Apr 2026 13:04:25 +0000

KNOXVILLE, TENN. — Maddox Cos. has brokered the $11 million sale of the WestMed Building, a 55,000-square-foot medical office building situated on Sherrill Boulevard in Knoxville. Maddox Cos. represented both the seller, Knorr Family Properties, and the buyer, Clear Passage LLC, in the transaction. Built in 2004, the healthcare property sits on roughly 3 acres, according to LoopNet.

The post Maddox Brokers $11M Sale of Medical Office Building in Knoxville appeared first on REBusinessOnline.

InterMed Signs 102,557 SF Healthcare Lease Expansion, Extension in Portland, Maine

Taylor Williams — Thu, 16 Apr 2026 13:40:50 +0000

PORTLAND, MAINE — Local healthcare provider InterMed has signed a 102,557-square-foot healthcare lease expansion and extension in Portland. The lease term is 16 years, and the space spans 10 stories at the building at 84 Marginal Way, at which Intermed is now the sole occupant. Katie Breggia and Tom Moulton of The Dunham Group represented InterMed in the lease negotiations. Davis, a healthcare real estate firm based in Minneapolis, owns the building.

The post InterMed Signs 102,557 SF Healthcare Lease Expansion, Extension in Portland, Maine appeared first on REBusinessOnline.

McCarthy Tops Out 14-Story SSM Health Cardinal Glennon Children’s Hospital in St. Louis

Kristin Harlow — Thu, 09 Apr 2026 13:20:37 +0000

ST. LOUIS — St. Louis-based McCarthy Building Cos. has topped out construction of the 14-story, 200-bed SSM Health Cardinal Glennon Children’s Hospital in St. Louis. The topping out ceremony signified completion of the building’s structural frame and advanced the hospital toward the planned opening in late 2027. The new facility will incorporate advanced technology, expanded specialty units and a “healing-focused environment.” Plans call for a larger pediatric intensive care unit, new bone marrow transplant unit, increased operating room capacity, a dedicated dialysis unit and private, light-filled NICU, PICU and CVICU spaces. The project team includes Dallas-based architecture and design firm HKS Inc. and St. Louis-based planning and design firm The Lawrence Group. SSM Health is a Catholic, nonprofit health system with care delivery sites in Illinois, Missouri, Oklahoma and Wisconsin.

The post McCarthy Tops Out 14-Story SSM Health Cardinal Glennon Children’s Hospital in St. Louis appeared first on REBusinessOnline.

Stage Equity Sells 52,126 SF Medical Office Campus in Elk Grove Village, Illinois

Kristin Harlow — Thu, 09 Apr 2026 13:19:05 +0000

ELK GROVE VILLAGE, ILL. — Stage Equity Partners has sold the Elk Grove Village Medical Campus, a 52,126-square-foot campus with four medical outpatient buildings in metro Chicago. Private capital group Casa Avore was the buyer. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof, Jesse Greshin, Trent Jemmett and Kevin Kobe of CBRE represented the seller. Fresenius Medical Care is the anchor tenant. Other tenants include Midwest Sports Medicine & Orthopaedic Surgical Specialists, Medical Center Dental Associates and Nephrology Associates of Northern Illinois and Indiana. The campus was 95 percent occupied with a weighted average length of tenancy in excess of 20 years at the time of sale.

The post Stage Equity Sells 52,126 SF Medical Office Campus in Elk Grove Village, Illinois appeared first on REBusinessOnline.

McCarthy Delivers 134,000 SF Hospital in Northwest Georgia

Abby Cox — Mon, 06 Apr 2026 14:00:55 +0000

RINGGOLD, GA. — McCarthy Building Cos. has delivered CommonSpirit – Memorial Hospital, a 134,000-square-foot hospital located in Ringgold, a city in Catoosa County along the Georgia-Tennessee border. The $90 million project marks the first new hospital to be delivered to the community in seven decades. The 64-bed inpatient hospital replaces the 70-year-old Hutcheson Medical Center and connects to the existing physician office building, serving as an anchor for its medical campus. The hospital features an emergency department that includes critical care services, imaging services, operating rooms, a GI department, pharmacy, modernized kitchen and server, laboratory and a sterile processing department, as well as a chapel provided by the Sisters of Charity of Nazareth. The facility also houses eight ICU rooms and 56 medical and surgery rooms, including five isolation rooms. The site also houses Rees Skillern Cancer Institute and MaryEllen Locher Breast Cancer Center, where additional renovations were also completed to enhance patient access and operational efficiency across the campus. The Cancer Center includes a new waiting room, patient registration area, storage, stretcher alcove and a new southern entrance, while the physician office building features new administrative offices, an office for the director of nursing and a dedicated command center. Hoefer Welker…

The post McCarthy Delivers 134,000 SF Hospital in Northwest Georgia appeared first on REBusinessOnline.

Skanska USA Completes 20,772 SF Adaptive Reuse Project in Houston’s Third Ward

Taylor Williams — Fri, 27 Mar 2026 14:18:54 +0000

HOUSTON — Skanska USA has completed a 20,772-square-foot adaptive reuse project in Houston’s Third Ward. The project converted the historic Riverside General Hospital, which originally opened in 1926, into the new home of the Harris County Public Health Department. The work encompassed renovations to the main hospital building, former nursing school and adjacent utility structure. The project team also integrated new mechanical, electrical and life-safety systems throughout.

The post Skanska USA Completes 20,772 SF Adaptive Reuse Project in Houston’s Third Ward appeared first on REBusinessOnline.

Jacobson Properties Arranges Sale of 41,333 SF Medical Office Building Near Syracuse

Taylor Williams — Wed, 25 Mar 2026 13:47:08 +0000

DEWITT, N.Y. — New York-based brokerage firm Jacobson Properties has arranged the sale of a 41,333-square-foot medical office building in DeWitt, an eastern suburb of Syracuse. The building is located within Widewaters Office Park. An entity doing business as SYR Office LLC sold the building to the anchor tenant, Arthritis Health Associates PLLC, for an undisclosed price. Lisa Menin of Jacobson Properties brokered the deal.

The post Jacobson Properties Arranges Sale of 41,333 SF Medical Office Building Near Syracuse appeared first on REBusinessOnline.

Pinnacle Real Estate Advisors Brokers Sale of 20,034 SF Medical Office Property in Littleton, Colorado

Amy Works — Wed, 25 Mar 2026 13:29:19 +0000

LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the sale of Chatfield Plaza, a medical office property situated within Ken Caryl Business Park in Littleton. The asset traded for $3.2 million. Located at 10789 Bradford Road, the 20,034-square-foot building is home to 10 tenants, abundant parking and upgraded solar paneling on the roof. RC Myles, Eric Shaw and Kianna Starin of Pinnacle Real Estate Advisors represented the seller, while Craig Myles and Joe Owston represented the buyer in the deal. The names of the seller and buyer were not released.

The post Pinnacle Real Estate Advisors Brokers Sale of 20,034 SF Medical Office Property in Littleton, Colorado appeared first on REBusinessOnline.

Archer Property Partners Buys Medical Office Portfolio in Orange County for $17.8M

Amy Works — Tue, 24 Mar 2026 13:52:17 +0000

RANCHO SANTA MARGARITA, MISSION VIEJO AND COSTA MESA, CALIF. — Archer Property Partners has acquired an outpatient medical office portfolio in Orange County for $17.8 million. Andy Knott and Austin Kanzler of CBRE represented the seller in the transaction. Totaling 39,689 square feet, the portfolio includes a 12,450-square-foot property at 23512 Madero Road in Mission Viejo, a 10,064-square-foot building at 722 Baker St. in Costa Mesa and a 17,175-square-foot asset at 29472 Avenida de las Banderas in Rancho Santa Margarita. MemorialCare fully occupies the buildings in Mission Viejo and Costa Mesa and occupies 12,169 square feet of the facility in Rancho Santa Margarita.

The post Archer Property Partners Buys Medical Office Portfolio in Orange County for $17.8M appeared first on REBusinessOnline.

Grady Health System Plans $1B Medical Campus in South Atlanta Suburb

John Nelson — Thu, 19 Mar 2026 12:00:00 +0000

UNION CITY, GA. — Grady Health System has announced plans for the development of a new campus in Union City, roughly 20 miles southwest of Atlanta. Project costs for the development are expected to total more than $1 billion. Scheduled to open in phases, the campus will feature a medical office building and an acute care hospital. The two buildings will be situated near a freestanding emergency department that is currently under construction. Grady plans to open that facility in June and integrate it into the larger campus in the future. The hospital will feature 200 critical care, intermediate care and acute care beds. Grady expects that the hospital will serve as a Level 3 verified trauma center, equipped to perform emergency surgery, resuscitate and stabilize patients with serious injuries. The medical office building will offer imaging services, a surgery center, specialty clinics, pharmacy services, rehabilitation and pediatric care. Construction on the medical office building is scheduled for completion in early 2028, with the hospital planned to open in 2031. Financing for the project includes $300 million in Fulton County bond funding and funds raised through a multi-year capital campaign. “We are proud of this latest partnership with Grady,” said…

The post Grady Health System Plans $1B Medical Campus in South Atlanta Suburb appeared first on REBusinessOnline.