Healthcare Trust of America’s $55 Million Medical Office Building Expansion

Healthcare Trust of America has plans for a $55-$60 million office building on the campus that currently houses the Medical City Heart and Spine hospitals. Construction of the 107,000 square feet Class A medical office building will begin later this year. Called Pavilion III, it will include structured parking and will support the growing medical campus. Arizona-based HTA already owns two MOBs on the campus that are 90 percent leased as of June 30 and the new building will bring HTA’s total square footage to over 300,000 square feet on the campus. HTA has also purchased a 6-acre piece of land… Full Story

American Specialty Health Moves to AllianceTexas

AllianceTexas’ newest tenant is benefits management services company American Specialty Health. Hillwood’s 26,000 master planned community planned has leased 164,000 square feet of Class A office space from building owner Griffin Capital Essential Asset REIT. “We are pleased to welcome American Specialty Health to AllianceTexas’ ever-growing office community,” said Steve Aldrich, senior vice president of Hillwood via release. “Our region has an extensive and impressive list of top-tier health companies and with its cutting-edge healthcare services and new employment opportunities, ASH enhances that list in North Texas.” ASH gives guidance in musculoskeletal health solutions, fitness, exercise programs, and more to employer… Full Story

Look: Buckner’s $140 Million Senior High-Rise Partners with Baylor

Nonprofits Buckner and Baylor Scott and White are partnering at Ventana, Dallas’ first luxury senior living towers. The $140 million residential community opened last week, and includes other partnerships with Cooper Wellness Strategies and Chef Stephen Pyles as well. The two twelve-story towers include 189 independent living apartments, assisted living, memory care, and skilled nursing. There are one-, two- and three-bedroom apartments that range from 950 to 2,000 square feet. There is also a rehab facility with in house therapy team, three Stephen Pyles – inspired restaurants, an indoor heated pool, spa and salon, movie theater, and outdoor lounges. The… Full Story

Caris Life Sciences Adds 500 Jobs and Space With Corporate Park in Irving

Caris Life Sciences is expanding in Irving, adding 115,000 square feet of research and development and office space while creating 500 new job opportunities. Caris Life Sciences Park will allow the company to expand beyond their work in blood-based diagnostics and molecular profiling. The new facility’s first phase should be complete in early 2020, and will include future laboratories and corporate office space. The last two phases will include additional lab space for the molecular science innovators. “Our new facilities in Irving, Texas will allow us to add to our team of experts, and enhance our ability to deliver more… Full Story

Caddis Promotes From Within for Investor Relations Senior Manager

Caddis has promoted Zee Jennings to Senior Manager of Investor Relations from his current role as the Manager of Senior Living. He will oversee fundraising and communication with institutional and individual investors in his new role. Jennings brings experience in asset management, property management, development, acquisition, finance and investor relations to his role, and he has been with Caddis for four years. Prior to Caddis, he was the Vice President of a senior living management company where he provided general oversight among other responsibilities. Jason L. Signor, CEO of the Dallas-based national healthcare real estate firm, notes, “Zee has made many… Full Story

Insights From CEOs of Baylor, UnitedHealthcare, Catalyst, Caddis, and More

Providers, health plans, and pharmacies are uniting into single entities while evidence shows that investing upstream with primary care improves quality and reduces healthcare costs. In a battle against ever increasing premiums, employers are looking at ways to spend less on healthcare, with more and more moving to self-funded plans, educating their employees about how their choices impact everyone’s cost, and redesigning their pharmacy benefit plans for up to 50 percent savings. These are just a few of the insights shared during the D CEO 2019 Healthcare Roundtable, a sponsored discussion from the July issue with North Texas Healthcare leaders.… Full Story

Dallas is Nation’s Second Most Active Medical Office Building Construction Market

DFW has the second-most medical office building construction nationwide, accounting for nearly 1.5 million square feet and behind only New York City. Medical office buildings are getting larger, farther away from hospital campuses, and remain profitable and well-occupied in the region, according to Revista data shared by Mike Hargrave at the North Texas Hospital, Outpatient Facilities, and Medical Office Buildings Summit. Private equity is an growing influence in health care transactions, and Dallas leads major Texas markets in average rent and rent growth for medical office buildings as well. Dallas has 14 projects under construction in the medical office building… Full Story

Tenet Healthcare Leaves Downtown for Farmers Branch

Tenet Healthcare will be moving its 500 downtown employees to a 372,000 square-foot office along the Dallas North Tollway. The healthcare services company, which owns hospitals and other practices all over the country, will be leasing the entire 13-story International Plaza I building after being housed in Fountain Place downtown. A potential move was discussed earlier this year in an investment call, with Tenet looking for ways to save $200 million and improve its bottom line for shareholders. Over the past few years, Tenet has been saddled with litigation costs resulting from numerous kickback schemes at its hospitals. Taconic Capital… Full Story

Could Tenet Healthcare Corp. Be on the Move?

Tenet Healthcare Corp. might be leaving downtown after a decade in Fountain Place on Ross Avenue, and could be headed to a location north of 635, reports the Dallas Morning News. Tenet has been selling off assets in an effort to improve its bottom line over the past couple years, and the 500 employees downtown could be moving into more affordable digs. DMN reports that the publicly traded company has been looking for ways to save $200 million, and CEO Ronald Rittenmeyer told analysts that office needs might be a way to do that. “We’re going to consolidate, for example, our… Full Story

Texas Neurology Moving From Lakewood to North Central Expressway

Texas Neurology is moving from Lakewood to a four story building near Mockingbird Station. The practice signed a 15-year lease in 40,252 square feet on the first floor of the building at 6080 North Central Expressway, and is expected to move in early 2020. Texas Neurology serves a variety of neurological disorders such as Alzheimer’s, muscular dystrophy, and ALS. The new location provides better access to Texas Neurology satellite locations in Richardson, University Park, and East Dallas, as well as Dallas area hospitals. The facility is also a short walk from the restaurants and entertainment at Mockingbird Station. “As we… Full Story