Healthcare

Construction wraps on behavioral hospital in Waukegan, IL

Reed Construction has completed the expansion of Lake Behavioral Hospital in Waukegan, Illinois. Architectural services were provided by Legat Architects. US HealthVest tapped Reed last…

Mosaic Construction launches new medical office project for TCA Health on Chicago’s South Side

Mosaic Construction, a full-service design-build commercial and multifamily renovation firm, has begun construction on a new medical office renovation project for TCA Health, a medical…

Cornerstone Companies to develop 40,000-square-foot medical office building near Indianapolis

Cornerstone Companies, Inc. recently closed on a three-acre parcel of land at 12174 N. Meridian St. in Carmel, Indiana. Cornerstone plans to develop a three-story,…

MinnesotaHealthcare

Revenues down. Patients nervous. But CRE pros still predict strong recovery for healthcare real estate

A revenue dip of up to 60 percent. That’s the bottom line number cited by one CRE pro when talking about the negative impact that…

MinnesotaHealthcare

Kraus-Anderson building $24 million skilled-nursing facility in Minnesota

Lakeview Methodist Health Care Services in Fairmont, Minnesota, is constructing a new $24 million, 72-bed skilled nursing facility in Fairmont, Minnesota. Kraus-Anderson Construction is building…

Multi-tenant MOB sells in downstate Illinois for nearly $10M

Marcus & Millichap closed the sale of a fully leased, 65,900-square-foot medical office building located at 707 N. Logan Avenue in Danville, Illinois. The property…

MinnesotaHealthcareOffice

The Excelsior Group brings Allina Health System to Coon Rapids medical office building

OP4 Coon Rapids, LLC in late March signed three 10-year leases with Allina Health System at its Mercy Medical Office building in Coon Rapids, Minnesota,…

TexasHealthcare

Caddis Healthcare taps new managing partner

Dallas-based Caddis Healthcare Real Estate named COO Lance M. Hardenburg as the managing partner and CEO of the company. The healthcare investment firm’s previous CEO,…

KeyBank provides $84 million of financing for healthcare properties in Iowa, Kansas

KeyBank Real Estate Capital secured $84 million of financing through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned…

MinnesotaHealthcare

Midwest Commercial Real Estate Hall of Fame: Davis’ Mark Davis

A 35-year veteran of the commercial real estate business, Davis chief executive officer and managing principal Mark Davis has mastered the art of finding creative…