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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.
Healthcare spending, which totaled $3.5 trillion in 2018, is expected to grow more than 5% per year for the next decade. The people who can navigate this sector are a special breed.
The $19.5-million project will total 17,750 square feet above the hospital's emergency department and will combine heart and vascular services on one floor to address the growing number of procedures performed at the medical center, hospital officials state.
Nazareth Enterprises Inc. recently completed the $16.7 million acquisition of the Sacramento Heart Medical Building, a 47,500-square-foot class-A medical building located at 500 University Ave.
At Douglas Hall, the project will include building envelope stabilization, and structural, infrastructure and technology capital improvements that will support the new nursing simulation laboratory within Douglas Hall.