DFW Leads the Nation in Medical Office Space Growth

Medical office space growth in Dallas-Fort Worth reflects the medical industry’s growth overall.  The region was the leading market for medical office construction from quarter three in 2017 through quarter two in 2018, according to CBRE. Nearly one million square feet of medical office space were added during the period, with 95,000 square feet still under construction. The CBRE report details the growth in Dallas, which  was second only to Houston in medical office space between 2010 and 2018, building 2,739,006 square feet. As medical office building rents rise, national trends show an increase in lower cost and localized outpatient care… Full Story

Healthcare Associates of Texas is Relocating its Headquarters

Healthcare Associates of Texas is moving from one Dallas suburb to another, as it relocates its headquarters from Irving to Plano. The primary care practice management company will be in a 20,258 -square-foot office in the International Business Park in Plan after being in Irving for 20 years. More than 100 employees will be moving to the location in March. Healthcare Associates operates nine clinic locations in North Texas that provide primary, specialized care, and pharmacy services. “We are excited about our continued growth across the Metroplex,” said David Harbour, CEO of Healthcare Associates of Texas via release. “The location… Full Story

Caddis Names New Vice President of Senior Living

Tami Cumings will join Caddis as vice president of senior living and will lead the operations of the firm’s Heartis senior living brand. Cumings has 25 years in the independent living, assisted living, and memory care industry. Caddis is a Dallas-based real estate development, management, and investment firm that focuses on healthcare real estate. Prior to joining Caddis, Cumings was the senior vice president of sales and marketing for the Arbor Company. She has also held leadership positions at Sunrise Senior Living, US Memory Care, A Place for Mom, and Assisted Living Concepts. “We’re thrilled to have Tami Cumings join Caddis,” said Jason… Full Story

Cushman and Wakefield’s New Executive Director Chris Barnet on What’s Next for DFW Healthcare Real Estate

Chris Barnet joined Cushman and Wakefield as Executive Director in its Healthcare Advisory Group this week after serving Vice President and Director of Healthcare Services at Colliers International. We chatted with him about his move, what the last year held for healthcare real estate, and what he sees going forward. Barnet noted that uncertainty rules the day, as reimbursements for doctors from insurance and medicaid are always fluctuating, impacting what kinds of real estate moves healthcare companies can make. He sees a reversal of a trend that started three or four years ago, when doctor groups were quickly consolidating under… Full Story

Southwest Transplant Alliance Breaks Ground on First-of-its-Kind Facility

Southwest Transplant Alliance, a nonprofit organization that connects organ donors to recipients, broke ground on a new facility that will be the first-of-its-kind in Texas on Wednesday. The new 77,000 square-foot building will feature operating rooms, a donor recovery center, and offices. The new building is built to save time for the medical professionals who often spent hours on the road between the organ donor locations and the transplant centers. The building will allow STA staff to bring organ donors to the facility where the organs can be removed before being sent to a transplant center. Prior to the new… Full Story

Trammell Crow and CBRE Execs Team Up for New Healthcare Real Estate Enterprise

Former Trammell Crow and CBRE executives Kevin O’Neil and Mark C. Allyn are founding Fidelis Healthcare Partners to concentrate on new development and acquisitions in the healthcare real estate market. O’Neil and Allyn have more than 60 years of combined experience in commercial real estate, and have both worked for Trammel Crow Company and CBRE’s healthcare business. They will look to develop and acquire medical properties and capitlaize on the trend for healthcare to embrace retail and consumer mindsets. Fidelis’ tagline will be “Real estate at the intersection of Healthcare and Retail.” The new partnership will leverage the reputation of Fidelis Realty… Full Story

Caddis Breaks Ground on Frisco Medical Pavilion

Caddis, a Dallas-based national healthcare real estate firm, broke ground on the Frisco Medical Pavilion this month. The 34,650 square foot, multi-tenant facility is expected to be complete next summer. Located near the Texas Health Hospital in Frisco and will be anchored by the Texas Health Physicians Group internal medicine clinic. The general contractor will be Richardson-based Novel Builders, and the architect is Dallas-based Corgan. “The new clinic will be highly visible and easily accessible from the Dallas North Tollway and will have abundant parking,” said Jud Jacobs, Caddis executive vice president of development and partner, via release. “We believe this project will… Full Story

Local Healthcare Real Estate Director to be President of Commercial Real Estate Network

Caddis, a Dallas-based healthcare real estate firm, announced that Christine Gorham has been selected president-elect for 2019 and 2020 of the Commercial Real Estate Women Network. Gorham, Caddis’ director of its southeast region, will help lead the CREW network as it works toward transforming commercial real estate and advance women in their field. Gorham has worked in the medical operations field for 29 years and in healthcare real estate for 18 years. “CREW Network has been in operation almost 30 years and has 11,000 members in the United States, Canada and the United Kingdom with expansion plans underway. It’s an honor… Full Story

Baylor Scott and White Leaving Bryan Tower on Heels of Merger

After announcing a merger this week with Houston healthcare provider Memorial Hermann, Baylor Scott and White will be leaving their space in Bryan Tower downtown, the Dallas Business Journal reports. “The employees that are in (Bryan Tower) are part of the consolidation,” Baylor CEO Jim Hinton told the Dallas Business Journal. “When the new building is opened, we will be moving them.” Without Baylor, the  downtown Dallas 40-story, 1.1 million-square-foot office tower is likely to go into default, the Dallas Business Journal reports. Meanwhile, Baylor is building a new $70 million office building near Deep Ellum that is likely to be… Full Story