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Category Archives: Medical

Tampa Firm Buys New Rehab Hospital in Clear Lake Area of Houston

WEBSTER, Texas — Tampa-based  Carter Validus Mission Critical REIT II  has acquired the Post Acute Webster Rehabilitation Hospital, on the southeast side of Houston, from Medistar Corp. The two-story Webster Rehabilitation Hospital is a newly built, 45-bed inpatient rehabilitation facility with  53,513 square feet. Providing physical, psychological, social and vocational rehabilitation services for patients, hospital is 100% leased to Clear Lake Institute for ... Read More »

Transwestern Leasing New Medical Office Under Construction

HOUSTON – Transwestern has been awarded the leasing assignment by Horizon Development for a new 38,600-square-foot medical office development located at 7619 Branford Place in Sugar Land, on the southwest side of the Houston area. Construction on the Class A building is scheduled to begin by mid-March and should be completed in the fourth quarter of 2015. Strategically located in ... Read More »

Houston Medical Office Market Gains Occupancy in 2014

HOUSTON – Houston’s medical office market demonstrated strength in 2014, according to a medical office report by Colliers International. The citywide average vacancy rate was 11 percent at year-end 2014, down from 12 percent at the end of 2013, Colliers said. “Disciplined medical office development activity has helped prevent major upheavals in current vacancy levels,” the report said. Sublease space ... Read More »

Mischer Developing Medical Office on Houston’s NW Side

HOUSTON – Mischer Investments, LP will develop for Cypress Creek Lakes, a 29,000-square-foot medical and office development in Cypress, just northwest of Houston. Construction will commence at 19414 Cypress N. Houston Road when the project is 50% preleased. Transwestern Medical Leasing Associate Ashley Cassel will lease the property on behalf of the developer and owner, Mischer Investments of Houston. “We ... Read More »

Memorial Hermann Spending $533 Million to Build 1 Million SF in Houston’s Texas Medical Center

HOUSTON — Memorial Hermann Healthcare System is launching a $533 million expansion that will add a major hospital tower and 160 additional hospital beds to its facility in the Texas Medical Center campus in the Inner Loop of Houston. The master plan project includes construction of the Hermann Pavilion 2, a 17-story hospital that will provide the Texas Medical Center ... Read More »

Pearland Medical Office Building Underway Next to Two New Hospitals

PEARLAND, Texas — Transwestern’s Houston headquarters has been awarded the leasing assignment for Shadow Creek Professional Plaza I,  a 110,000-sf, Class A, medical office development owned and developed by AMD Asset Holdings of Houston. Located west of Highway 288, the medical office development will be built at the southwest corner of Business Center Drive and Discovery Bay Drive. Two hospitals ... Read More »

Pair of Buildings Sold on Houston’s North Loop

HOUSTON – A pair of office buildings on the North Loop 610 in Houston have been purchased by a partnership of entity of Houston-based Fuller Realty Advisers and Dallas-based Chief Partners. The office complex, which totals 303,000 SF and is 60 percent leased, is comprised of two office buildings at 2707 and 2727 North Loop West. CBRE’s Todd Casper, Jared ... Read More »

MD Anderson Cancer Hospital Buys Major Tract in West Houston

HOUSTON – The University of Texas’ MD Anderson Cancer Center purchased 34.5 acres in the Energy Corridor of west Houston for a major medical facility. The site is in Wolff Cos.’ 78-acre Central Park development,located on the north side of I-10 between North Eldridge Parkway and SH 6, was assembled by Wolff in late 2011 and early 2012. “Central Park ... Read More »

Hines to Spend $1 Billion to Buy/Develop Office Buildings with NY Fund

HOUSTON – Hines has formed a  joint venture with New York State Common Retirement Fund (NYSCRF) to invest in more than $1 billion of office and medical office projects in the U.S.  The venture, called Hines Corporate Properties II (HCP II), capitalized with $500 million of equity, will develop, acquire, own and manage buildings primarily occupied by single-tenant users. Read More »

New MedCenter Building

Houston is on the radar screen of real estate investors again., Nancy Sarnoff of the Houston Chronicle reports. Real Capital Analytics says commercial sales were up 44 percent in Houston last year. NEW BUILDING FOR HARRIS COUNTY HOSPITAL DISTRICT – Skanska USA was selected to provide construction management services for the new five-story, 167,807 square foot radiation therapy, diagnostics imaging ... Read More »

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