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Premier Healthcare commercial real estate news, analysis, trends and information including hospital, health system space use, medical office buildings, skilled nursing, post acute care and rehabilitation facilities.
The UTC submarket has by far the highest concentration of physicians in the county, while the entire 78 Corridor has had a disproportionately high amount of new medical-office development, JLL's Chris Ross tells GlobeSt.com.
The submarket has lost millions of square feet in office space in the last 25 years, but its remaining tenants are loyal, and rent increases are outpacing the CBD.
The deal entails acquiring 36 Kindred-leased skilled nursing facilities from Ventas, bringing the healthcare REIT's exposure down to 1% of its total business.
CHICAGO, INDIANAPOLIS—Empty big box spaces have opened up across the US, but top locations could see expansions from players not previously in the market.
LAS COLINAS, TX—An expansion will bring the two-story 53,000-square-foot class-A Tuscan Professional Buildings' occupancy to 100%, with PMRG continuing to provide both management and leasing services.
HOUSTON—Baylor Clinic, and one of the tallest medical buildings in the world, O'Quinn Medical Tower, get a full check of life safety systems including backups for critical areas, such as the surgical center.
NEW YORK CITY—Looking to relocate from Midtown West, the not-for-profit organization found the purchase to be more cost-effective than signing a long-term lease.
LA GRANGE, TX—With an aging population and ever-increasing demand for healthcare facilities, St. Mark's is a valuable asset to both Rainier's real estate portfolio and the greater central Texas community.
FORT WORTH—The asset was well located with potential for growth, and the transaction generated strong risk-adjusted returns to investors, allowing Ridgeline to recycle capital into value-add opportunities.