Healthcare

HSA PRIMECARE ACQUIRES MICHIGAN ORTHOPEDIC CENTER FOR $14M

by admin January 21, 2013

YPSILANTI, MICH. — HSA PrimeCare, a health care real estate division of Chicago-based HSA Commercial Real Estate, has acquired the Michigan Orthopedic Center in Ypsilanti for $14.8 million. St. Joseph Mercy Health System and some of the leading orthopedic surgeons in the state anchor the four-story, 86,125-square-foot medical center. Located at 5315 Elliot Drive, the facility is situated within the 340-care St. Joseph Mercy Hospital Ann Arbor campus. Greg French of Inverness-based French Commercial Realty represented Boler in the deal.

January 21, 2013

THE MEDICAL CENTER OF PLANO TO UNDERGO $66M RENOVATION

by admin January 18, 2013

PLANO, TEXAS — The Medical Center of Plano, a 427-bed acute care facility located at 3901 W. 15th St. in Plano, will soon break ground on a $66 million expansion and renovation of its existing facilities. The project will include the development of its Level II Trauma Center, two additional floors totaling 56,000 square feet, addition of 68 beds in the neurosciences unit, renovation of the existing public area, updates to the exterior, new covered entranceways, renovation of administrative offices and a new 3t MRI and EP Cath Lab. Perkins+Will's Dallas office is providing architectural services. Construction is slated to begin in May 2013, with completion slated for late 2014.

January 18, 2013

Healthcare Western

OCEANVIEW MEDICAL CENTER IN SAN CLEMENTE CHANGES HANDS

by admin January 14, 2013

SAN CLEMENTE, CALIF. — Oceanview Medical Center in San Clemente has sold to Accretive Realty Advisors for an undisclosed sum. The campus contains a 30,913-square-foot medical office building that is situated across from the San Clemente campus of Saddleback Memorial Medical Center. The center is anchored by MemorialCare Health, which houses several affiliated practice groups. Accretive Realty represented itself in this transaction, while the unnamed seller was represented by Evan Kovac, Garth Hogan, Chris Stai and Kyle Kovac of Newmark Grubb Knight Frank's Global Healthcare Services Group. Hogan, along with John Scruggs, will serve as Accretive’s exclusive leasing agents.

January 14, 2013

Healthcare Western

OCEANVIEW MEDICAL CENTER IN SAN CLEMENTE CHANGES HANDS

by admin January 14, 2013

January 14, 2013

Healthcare Southeast

AMORE DEMENTIA CARE SELLS FOR $2.4M IN STUART, FLA.

by admin January 10, 2013

STUART, FLA. — Amore Dementia Care, which provides its residents with services such as exercise classes designed to promote muscle group stimulation and cognitive function, has sold for approximately $2.4 million. The property is located at 1634 S. Kanner Hwy. in Stuart. Growth Capital Investments LLC purchased the healthcare property from Soleil Management Group LLC, which has operated the 19-unit, 38-bed facility since it was built in 2000. Trusted Seniors Care Inc., a seniors housing management company, will handle the day-to-day operations. Kenneth Carriero and Damien Carriero of Colliers National Seniors Housing Group facilitated the sale.

January 10, 2013

Healthcare Midwest

BONE MARROW TRANSPLANT CENTER CONSTRUCTION COMPLETE

by admin January 9, 2013

ST. LOUIS — McGrath & Associates has completed construction of a $1.8 million bone marrow transplant center at Saint Louis University Hospital. Located within the Saint Louis University Cancer Center, the 9,900-square-foot facility, designed by Fox Architects, is the first comprehensive outpatient bone marrow transplant center in the region. The center was constructed in an existing hospital space, and the expected open date is unknown.

January 9, 2013

Healthcare Northeast

WASHINGTON TRUST PROVIDES $2.9M ACQUISITION LOAN FOR MEDICAL OFFICE

by admin January 9, 2013

GREENWICH, CONN. — Washington Trust, a Rhode Island-based bank, has provided a $2.9 million mortgage to 80 Mason Street LLC for the purchase of a 6,324-square-foot medical office building in Greenwich. The property is located at 80 Mason St.

January 9, 2013

Healthcare Texas

STAN JOHNSON BROKERS $30.64M SALE OF REHAB HOSPITAL

by admin January 9, 2013

AUSTIN, TEXAS — Stan Johnson Co. has arranged the $30.64 million sale of a new 66,095-square-foot, 60-bed rehabilitation hospital located in Austin. The hospital sits near St. David's South Austin Medical Center, South Austin Cardiac Rehab, Austin Regional Clinic and Texas Oncology South Austin. The hospital is fully leased to Reliant Hospital Partners. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co. represented the seller, a Dallas-based developer. The buyer was an institutional entity.

January 9, 2013

Healthcare Texas

MIDTOWN MEDICAL OFFICE BUILDING COMING TO FORT WORTH

by admin January 9, 2013

FORT WORTH, TEXAS — Midtown Medical, a 60,000-square-foot medical office property, has broken ground at the corner of West Rosedale and Forest Park Boulevard in Fort Worth's Medical District. The medical office property is a component of Midtown, a mixed-use development project that includes Southwest Bank, Hilton Garden Inn and the site of the new Homewood Suites by Hilton, which is set to open this summer. Raymond Management Co. is the developer of Midtown. Sarah Teel of San Antonio-based MSL Investments is handling pre-leasing responsibilities for Midtown Medical.

January 9, 2013

Healthcare Southeast

LOVE FUNDING CLOSES $361.4M HUD HOSPITAL LOAN

by admin January 8, 2013

CHARLESTON, S.C. — Love Funding, a provider of FHA multifamily and healthcare financing, has closed a $361.4 million loan modification for the Medical University Hospital Authority (MUHA) in Charleston. MUHA, a division of the state of South Carolina, owns and operates the Medical Center of the Medical University of South Carolina (MUSC Health). The transaction, which was secured through the U.S. Department of Housing and Urban Development’s Section 242 loan insurance program, is the third-largest hospital loan in the agency’s history. Steven Hunt of Love Funding secured the loan, which was underwritten by Matthew Andrea of Love Funding. MUSC Health is a 696-bed teaching hospital and was recognized in 2012 by U.S. News & World Report as “One of America’s Best Hospitals.”

January 8, 2013

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