• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
  • Blog
  • Free Resources
RevistaMed

RevistaMed

  • About
    • Meet Revista
    • Advisory Board
    • Partners
    • Press
    • Rising Leaders Council
    • Sponsorship
    • Contact Us
  • Events
    • 2026 Revista Medical Real Estate Investment Forum
    • Subscriber Webinar
  • Why Subscribe?
    • Schedule a Demo
    • Revista x Pivotal
    • Featured Products
    • Business Development
    • Underwriting & Due Diligence
    • Asset Management
    • Capital Markets
    • Site Selection & Development
    • Leasing
  • Subscriber Login
Home / Construction/Development / CPMC Van Ness Campus to Open March 2nd

CPMC Van Ness Campus to Open March 2nd

February 27, 2019 by Hilda Martin Topics: Construction/Development, Industry News, Policy/Legislation, Real Estate Financing/Capital Markets

2019 is expected to be a big year in terms of hospital project completions and the Sutter CPMC campus on Van Ness and Geary in San Francisco is one of the largest deliveries. This campus is a brand new hospital and consists of 12 floors, 274 beds and almost a million square feet of space. CPMC Van Ness is not only one of the largest projects to open this year, but it’s also the most expensive, coming in at over $2 billion. Opening on Saturday, March 2nd, this project features some of the latest innovations in seismic safety technology. CPMC’s Van Ness campus is the first project in the US to use a specific technology called Viscous Wall Dampers which consists of steel plates that go through cylinders filled with viscous fluid to absorb the majority of energy generated by an earthquake. CPMC Van Ness is also built with the back up systems to sustain operations for up to 4 days independently should that become necessary after a seismic event.  CPMC also opened a new hospital last year to replace the aging St Luke’s campus. CPMC Mission Bernal is a modern facility also built to remain operational after an earthquake. Many existing hospitals in California have been forced to renovate or rebuild in order to meet new seismic safety requirements.

 

Picture1

 

National Recent and Expected Hospital Completions

Hosp Con

Source; Revista. Measures properties 7,500 SF and $2.5M in value or more and located in the 48 continental United States of America; Counts are Preliminary and Subject to Change

 

Hilda Martin
Hilda Martin

Other Articles by Hilda Martin:

    • MOB On Campus or Community Based? Opinions Differ by Owner Type.
    • New Reports Available – Pivotal x Revista
    • Population Growth = More Demand for MOB Space

Previous Post:Are Larger Medical Office Buildings More Valuable than Smaller Ones?
Next Post:Revista principals note that MOB sales, same-store NOI growth, are reflections of the sector’s steadiness

Sidebar

Topics

  • Construction/Development
  • Industry News
  • Leasing/Property Management
  • Mergers/Acquisitions
  • Policy/Legislation
  • Real Estate Financing/Capital Markets
  • Revista Best Practices
  • Revista News
  • Sponsor Spotlight
  • Transactions
  • Uncategorized

Archives

RSS Recent Blog Posts

  • MOB Construction Update May 29, 2025
    MOB construction has been slower than usual in 2025. Less projects are breaking ground than are completing, so the pipeline has been shrinking. In recent times, inventory has typically grown around 1.5% annually. Over the past year MOB inventory has grown . . . The post MOB Construction Update appeared first on RevistaMed.
    Stephen Lindsey
  • The Return of the Portfolio Premium May 27, 2025
    The graph below displays Average MOB cap rate trends for Portfolios vs. Single Properties.  From 2017 through 2022, the Average Cap Rate for MOB Portfolios was 63 basis points lower than single MOB properties that traded. The post The Return of the Portfolio Premium appeared first on RevistaMed.
    Mike Hargrave
  • Limited Transaction Volume to Start 2025 April 29, 2025
    The preliminary 1Q25 numbers are in, and they show that transaction volume has been slow to kick off the year. $1.5 billion worth of MOBs traded in the 1st quarter, and $8.9 billion traded over the past year. This suppressed level of activity is . . . The post Limited Transaction Volume to Start 2025 […]
    Stephen Lindsey
  • A Look at 1Q25’s highest occupied Medical Office Market April 28, 2025
    That’s right!  With a 1Q25 occupancy of 96.9%, Asheville NC is the highest occupied market of the largest 125 metros RevistaMed tracks each quarter.  Asheville, which is still recovering from the effects of Hurricane Helene in September of 2024, can find strength within its healthcare market and within the MOB sector. The post A Look […]
    Mike Hargrave

Other Free Resources

Industry Directory

Search for and/or list your medical real estate services in Revista’s medical real estate directory.

Reports & White Papers

Download free reports & white papers on medical real estate.

Add Lease/Sale Listing

Revista provides free lease/sale listings for healthcare real estate.

Ready to Schedule a Demo?

Get in Touch Now
  • Why Subscribe?
  • Events
  • The MOB Scene
  • Add A Directory Listing
  • Add Lease/Sale Listing
  • Contact Us
  • Sponsorship
  • About
  • Data Terms of Use
  • Sponsorship Terms
  • Press

SIGN UP FOR MOB SCENE NEWSLETTER

  • Twitter
  • Facebook
  • LinkedIn