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Category Archives: Medical

Medical Properties 2020 – Q&A with Beth H. Young of Colliers International

HOUSTON – (Realty News Report) – Medicine is in the Houston real estate industry’s DNA – almost as much as energy is. With 1,345 total acres and $25 billion in GDP, the Texas Medical Center is the eighth largest Business District in the U.S. TMC’s campus encompasses 50 million developed square feet to say nothing of 9,200 total patient beds. ... Read More »

Medistar Developing Psychiatric Hospital in Clear Lake City

HOUSTON – (Realty News Report) – Medistar Corp., a Houston-based real estate firm, is developing a 92-bed psychiatric hospital in Clear Lake City in southeast Houston, near NASA’s Johnson Space Center. The project, called Medical Behavioral Hospital of Clear Lake, which will be operated by NeuroPsychiatric Hospitals. Located at 16850 Buccaneer Lane, the hospital is now under construction and scheduled to open ... Read More »

Woodside Health Acquires Center in Cypress Area

HOUSTON – (Realty News Report) – Colliers International handled  the sale of Fairfield Plaza, a 83,000 square foot multi-tenant medical/retail property at 15103 Mason Road in Cypress  in the Houston area. The seller, Radler Limited Partnership, was represented by David Carter of Colliers International. Beth Young, also with Colliers International, represented the buyer, Woodside Health. The five building property sits on ... Read More »

Medical Office Building Breaks Ground in Bellaire

BELLAIRE – (Realty News Report) – Jacob White Construction has broken ground on Bissonnet Medical Plaza, a medical office building inside Loop 610. The three-story Class A facility, located at 4460 Bissonnet Street at Newcastle Drive, will offer over 52,000 SF of medical office space The project is located in the city of Bellaire, where there is a growing number ... Read More »

Worth & Associates: Two Buildings Underway in North San Antonio

SAN ANTONIO – (Realty News Report) – A groundbreaking event will be held Wednesday for two  buildings in the 122-acre RidgeWood Park, developed by Worth & Associates in the far North Central San Antonio submarket. The projects, scheduled for completion in the summer of 2020, are located along Highway 281 between Sonterra Blvd and Redland Road, north of the Loop ... Read More »

The State of the Texas Medical Center (Where 106,000 Are Employed in 50 Million SF)

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – While some of the $3 billion in new construction planned for the next ten years is purely physical at the Texas Medical Center, there are Bio Bridges being built that will be true gateways to new and life-saving treatments. One such path is the TMC-Australia BioBridge, which includes a ... Read More »

Memorial Hermann Medical Building Sold in Texas Medical Center

HOUSTON – (Realty News Report) – LaSalle Property Fund has acquired the 28-story Memorial Hermann Medical Plaza in the Texas Medical Center. The seller, which opened the 510,000-SF property in 2007, is a partnership led by Mischer Healthcare, Memorial Hermann Health System and other investors. Scott Galloway, Colby Mueck and Rusty Tamlyn with HFF represented the sellers in the $405 ... Read More »

Medical Building Under Development in Katy Green

HOUSTON – (Realty News Report) – Wile Interests is developing the Medical Plaza West, a 70,000-SF Class A medical office building to be located in Wile’s Katy Green mixed-use development west of Houston. CBRE’s Brandy Bellow Spinks will lead the leasing effort on behalf of the developer, a Houston firm led by Randy Wile. Katy Green is located along the eastbound ... Read More »

New 277,000-SF Biotech Building in Pearland is Sold – World’s Largest Cell and Gene Therapy Manufacturing Facility

HOUSTON – (Realty News Report) – Zeller Realty Group has acquired the new Lonza Viral Therapy Facility, a, 276,770-SF biotechnology building on Kirby Drive in Pearland, south of Houston. HFF represented the seller, Pinchal & Co.  Additionally, HFF worked on behalf of Zeller, a Chicago-based investment and development firm to secure an acquisition loan through Bank of Texas. The facility ... Read More »

Medical Office Building Market is Healthy, Transwestern’s Johnson Tells ULI

HOUSTON – (Realty News Report) – The MOB (medical office building) market is strong in Houston and it’s getting stronger, says Eric Johnson, national director of healthcare at Transwestern. The MOB vacancy rate is about 11 percent but that should drop below 10 percent as newly built medical structures are delivered and absorbed, Johnson said last week, speaking at the ... Read More »

Heitman Buys Large Medical Portfolio with 7 Texas Properties

HOUSTON – (Realty News Report) – Heitman LLC, a real estate investment management firm, has acquired a 1.4 million SF medical office portfolio, which includes four properties in the Houston area and three in San Antonio. The 17-buildings, known as the PHT Portfolio, includes buildings in seven states. JLL represented the seller, Bentall Kennedy, on behalf of a state pension ... Read More »

Transwestern Retained to Lease Vivacity Medical District in Northeast Houston

HOUSTON – The Signorelli Co. has retained Transwestern to lease Vivacity Medical District, a 186-acre medical park in the 1,400-acre Valley Ranch community in northeast Houston. Transwestern’s Chris Wadley and Justin Brasell will lease the medical district. Located near the intersection of U.S. Highway 59 and Grand Parkway, the Valley Ranch will have 1,500 single-family homes, 3,000 multifamily units, 2.5 ... Read More »

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