Archive for Medical

Mar
26

Bluffton MOB Brings Hospital Close to Competitor

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For many years, hospitals and health systems shied away from competing with each other directly. These days, however, as health systems face a need to grow and expand, most are willing to meet their competitors head on, often building facilities near another system’s hospital or outpatient building.

A case in point can be found in Bluffton, SC, where Rendina Cos., a healthcare real estate and development firm situated in Jupiter, FL, recently broke ground on a $16 million, 60,000 square foot outpatient facility that will offer services ranging from orthopedics to breast health.

The two-story outpatient center, known as Bluffton Medical Campus, will carry the flag of Hilton Head Regional Healthcare, whose hospital, the 93-bed Hilton Head Regional Medical Center, is about 10 miles to the east on Hilton Head Island. Rendina found and acquired the site as a strategic location for Hilton Head Regional, a subsidiary of Dallas-based Tenet Healthcare Corp.

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Categories : Bluffton
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Sep
17

Columbia Medical Space Under 10% Vacancy

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The vacancy rate for medical office space fell below 10% for the first time in more than four years, according to a local market report released Thursday by Colliers International.

The overall vacancy rate for the Columbia area fell to 5.86% in the second quarter compared with 12.45% for the same period in 2011, the report said. The second quarter ended with 167,865 square feet of space available for leasing, compared with 356,777 square feet for the same period in 2011. The area has about 2.9 million square feet of medical office space.

Much of the increased leasing activity is attributed to expansion of health care services in the suburban areas of Lexington and Richland counties, the commercial real estate firm said.

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Categories : Columbia
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Jul
11

Medical Oriented Development Increasing in Charleston

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The growth in medical-office demand is helping take some of the sting out of the local construction crunch.

No fewer than nine new health care facilities have either recently opened, are being built or are in the planning stages over the next two years. They span the Lowcountry: Mount Pleasant, West Ashley, North Charleston and Summerville.

And that doesn’t count the two proposed new hospitals duking it out in court for a slice of Berkeley County, or the spate of new veterinary centers recently completed or under construction.

The reasons for the flurry of new medical buildings are varied, but most are tied to the economic downturn.

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Categories : Charleston
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