The New Parker MOB III Medical Office Building Breaks Ground In Colorado

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Vertix Builders, a culture-focused construction company, has started construction of the new Parker MOB III medical office building on the Parker Adventist Medical Campus

As a healthcare construction specialist, Vertix Builders will be working with a team that includes RTA Architects, Med Development and Parker Adventist.

“We’re excited to be working with Centura Health and Parker Adventist  to bring a great facility to their Parker campus,” said Ryan Bonner, president of Vertix Builders.  “The new Parker MOB III medical office building will provide the people who live and work in and around Parker with a superior facility that will meet their healthcare needs for years to come.”

Parker MOB III will be a four story, 86,000-square-foot building located on the Parker Adventist Medical Campus.  Tenant spaces will include medical oncology services, internal medicine, obstetrics and gynecology, as well as an ear, nose, and throat practice.

Construction is scheduled for completion in early 2021.

 

Source: Mile High CRE

Mayo Clinic, Ascension Among Healthcare Giants Investing In Northeast Florida

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In 2019, Jacksonville-based Mayo Clinic Florida said it would build a $233 million, 190,000-square-foot oncology facility that will bring proton beam therapy and carbon ion therapy to Jacksonville.

Jacksonville-based Baptist Health also began several large projects this year, including building Florida‘s second largest children’s hospital and a seven-story facility that will “reorient” its downtown Baptist Medical Center Jacksonville Hospital.

Ascension St. Vincent in Jacksonville this year filed plans with city officials to build two emergency departments that are expected to open in 2020.

In addition, Baptist Health, Gainesville, Fla.-based UF Health and Nashville, Tenn.-based HCA Healthcare all filed plans to build facilities in Nassau County.

“If you’re going to have UF Health, Baptist and HCA, three mega-competitors that can literally stare into each other’s windows along the I-95 and A1A corridor, something really good is happening, because that is a lot of capital investment, a lot of healthcare,” former economic development board executive director Laura DiBella told the Business Journal. “And healthcare, in my experience, plants their money for decades.”

 

Source: Becker’s Hospital Review

2019 U.S. Medical Office Trends: Steady Market Fundamentals Supported Thriving Investor Demand

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U.S. medical office market fundamentals have been resilient in 2019.

Demographic and health-care industry trends are firmly entrenched and forecast to persist, supporting long-term demand for medical office space.

— The U.S. medical office vacancy rate remained stable at 10.3% through midyear 2019 despite a surge of completions of new medical office space. In addition, average asking rents stayed near record levels.

— There has been a dramatic decentralization of the health-care industry to provide services closer to the consumer through outpatient centers rather than more costly hospitals. Consolidation among healthcare providers has led to greater mergers and acquisitions activity of hospitals and health-care systems.

— Top-tier domestic institutional and foreign capital, as well as REITs, have fueled demand for medical office properties. Although medical office investment volume was down from 2018 through the first half of the year, the expectation for second half medical office investment volume remains strong.

For a complete copy of the report, please click here.

 

Source: HREI