Medical office still targeting smaller, neighborhood locations
Anyone who has kept eyes on healthcare real estate has noted the sector’s move toward retailization—the shift to bring medical care to smaller, less acute…
Healthcare
Clark Construction delivers alternate care facility for COVID-19 patients in Chicago
Clark Construction Group, in collaboration with the U.S. Army Corps of Engineers, has successfully transformed the MetroSouth Medical Center—a shuttered hospital south of Chicago—into an…
MLL Capital to rebrand newly acquired healthcare property as Ravenswood Medical Center
MLL Capital, a commercial real estate investor focused on medical office, laboratory and life sciences properties, recently acquired a 63,067-square-foot medical office building located at…
Marcus & Millichap closes $1.1 million sale of urgent care facility in Missouri
Marcus & Millichap closed the sale of Our Urgent Care, a 3,488-square-foot net-leased property in Maryland Heights, Missouri. The asset sold for $1.1 million. Benjamin…
Medical office timeshares: Four considerations for structuring compliant lease agreements
Medical office timeshare arrangements are nothing new. However, these arrangements became more prevalent between hospitals and physicians in recent years as a cost-effective way to…
HSA PrimeCare completes sale of four-building, 107,828-SF Midwest MOB portfolio to IRA Capital
HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, finalized the sale of four medical office buildings in Illinois and…
AECOM completes first phase of McCormick Place’s transformation into alternate care facility
AECOM has completed the first phase of the transformation of Chicago’s McCormick Place into an alternate care facility (ACF) for patients considered COVID-19 positive. Fourteen…
Tarlton completes Missouri’s first COVID-19 facility
The design-build team of Tarlton Corp., a St. Louis-based general contracting and construction management firm, working for the U.S. Army Corps of Engineers completed conversion…
Cushman & Wakefield completes nearly $14M sale of Chicago MOB
Cushman & Wakefield’s healthcare capital markets team has represented owner 1945 W. Wilson LLC in the $13,850,000 sale of a multi-tenant, 68,070-square-foot, six-story medical office…
Lessons learned: How COVID-19 will change hospitals forever
Designing a healthcare space can be quite complex, involving many stakeholders. It’s also an ever-evolving process that constantly seeks the most efficient, safe and research-based…