News
May, 2013
Davis Group Turns Around Midwest MOB
"'Our strategy was to find new tenants and to renew and expand the leases of the existing tenant base,' says Rasmussen, an experience healthcare real estate professional in the Twin Cities area of Minneapolis and St. Paul."
Oppidan Buys Land for Goodwill Store in St. Louis Park - Finance & Commerce
The Davis Group represents the land owner.
April, 2013
HCMC to open new clinic in suburban shopping center
"Jill Rasmussen of The Davis Group represented HCMC in its site search."
Winner: Vadnais Heights Medical Building
The Davis Group's Vadnais Heights Medical Building wins Business Journal's Best in Real Estate in the Medical Office Development or Redevelopment category.
Davis Group plans Minnetonka medical buildings
"Hennepin County Medical Center may be scrapping plans for a Minnetonka clinic, but medical facility developer The Davis Group has plans for two medical office buildings in the affluent western Twin Cities suburb."
North Memorial plans Minnetonka clinic, urgency center
"The Davis Group has proposed a medical clinic that would be anchored by North Memorial Health Care for a site along Highway 7 in Minnetonka."
February, 2013
Future Example: Officials laud JRMC, clinic building, partnerships
The Jamestown Regional Medical Center could be model for future medical centers around the state, according to a memeber of North Dakota's congressional delgation and its lieutenant governor.
New Leasing at 6363 France Medical, Edina
The Davis Group and IRET Properties announce new and renewal leases to reach 98% occupancy!
January, 2013
Twin Cities experts expect strong 2013 real estate market
-Star Tribune
"The medical market, meanwhile will be marked by 'continued steady, strategic growth by healthcare systems and clinics,' predicted Davis Group principal Jill Rasmussen."
December, 2012
The Prognosis for Medical Real Estate
-Finance & Commerce
"As health care reform take hold, investors and experts look at the horizon"
November, 2012
Southdale Medical Center Announces A Long Term Lease Renewal & Expansion
The Davis Group represented Investors Real Estate (IRET) in a 7,500 SF, 10-year lease renewal and expansion at 6545 France Avenue South in Edina, MN with Skin Rejuvenation Clinic, P.A.
Southdale Medical Center Announces A New Long Term Lease
The Davis Group and Investors Real Estate (IRET) announce a new long-term lease with Sonobello for 7,500 rsf.
Commercial Real Estate Vacancies Slowly Declining, Rents Rising
-National Association of Realtors
Going Where The Patients Are
Michael Sharpe of The Davis Group is quoted in the Star Tribune.
"We have experienced increased interest and activity on the medical development front, driven largely by primary care... Our sense is that health care organizations are responding to both competitive pressures and reimbursement changes (under the Affordable Care Act) to create access points that can offer a broad range of services more proximate to their patient base."
Fairview plans $60 million expansion
"Many projects that were in the works for years are just now launching as health care executives decide the U.S. economy is stable enough for their institutions to spend money on capital projects again, said Mark Davis, principal at The Davis Group, a Minneapolis-based health care real estate company"
- Finance & Commerce
Jill Rasmussen Joins Society of Industrial and Office Realtors Board of Directors as Central Regional Director
November 5, 2012 -- Washington, DC -- Jill Rasmussen, SIOR, CCIM, Principal at The Davis Group in Minneapolis, MN, recently began her two-year term as the Central Regional Director.
October, 2012
Davis Group Starts $15M North Metro Medical Building
The Davis Group breaks ground Thursday on a new 57,500-square-foot medical office building in Vadnais Heights.
Southdale Medical Center Announces A Long Term Lease Renewal & Expansion.
"The Davis Group represented Investors Real Estate Trust (IRET) in a 15,000 SF, 10-year lease renewal and expansion at 6545 France Avenue South in Edina, MN with Park Dental Group, The Dental Specialists and Orthodontics Specialists."
June, 2012
Medical Building Progress: First Phase of Project on Track to Finish in August
"Work on the Jamestown Medical Building is right on schedule, according to a hospital administrator."
2012 Health Care Architecture Honor Roll
The Crystal Medical Center was nominated!
"Minnesota Physician's 2012 Health Care Architecture Honor Roll recognizes nine outstanding projects completed in the past year. This year's Honor Roll projects include new clinic and hospital construction, remodeled spaces, and facility expansions in urban, suburban, and greater Minnesota.
Many of the projects emphasize ties to the community, for example, by incorporating artwork by regional artists, using locally sourced building materials, and designing a street landscape that enhances the facility's social impact on the surrounding neighborhood. Principles of sustainability and energy-saving design support the goals of patient safety and staff efficiency."
Jamestown Medical Building Construction Photos
Society of Industrial and Office Realtors (SIOR) Elects Jill Rasmussen to Board of Directors
JUNE 01, 2012—WASHINGTON, DC— Jill Rasmussen, SIOR, CCIM, Principal at The Davis Group in Minneapolis, Minnesota, was recently elected to a two-year term on SIOR’s Board of Directors as the Central Regional Director. The induction will take place during the SIOR Fall World Conference in Los Angeles, California in October.
May, 2012
Jamestown Regional Medical Center Groundbreaking Photos
February, 2012
Clinic mergers shaking up the medical office market
New construction is pricey, and vacancy rates are low. That creates challenges for brokers.
January, 2012
In 2012, apartments and clinics
Multifamily housing and medical office space may be the beacons of real estate hope this year; with more than 10,000 market-reate apartments on the drawing board and measred expasons by health care organizations.
Real People: Jill Rasmussen
Despite the sluggish economy and painfully slow commercial real estate market, The Davis Group is still developing and signing leases. That's because the Minneapolis company is focusing on the medical office market, which has remained relatively stable.
July, 2011
Savage Medical Building Grand Opening Celebration
Savage Medical Building is having their Grand Opening celebration on August 13 from 10am - 2pm. Please join us as we welcome these quality healthcare providers to their new location!
June, 2011
Crystal Medical Center
45,000 sq. ft.
5700 Bottineau Blvd, Crystal, MN 55429
Crystal Medical Center will be the future home of Northwest Family Physicians and NovaCare Rehabilitation Services.
Medical office development has a pulse.
The Davis Group, a Minneapolis-based company that focuses on medical office leasing and development, started construction last week for the Crystal Medical Center...
Finance & Commerce
Development Financing Deals
The Davis Group shops around for perm financing to replace a construction loan for its Savage Medical Building in Save, Minn., which will be completed this summer.
May, 2011
Lease up, clinic's remedy is new building
Mark Pottenger wasn’t thinking “new building” when he started considering what Northwest Family Physicians should do once its lease ended late this year on the second floor of the Crystal Gallery Shopping Center.
April, 2011
Successful Clinic Development Through Strategic Planning
The Davis Group - a health care real estate firm located in Minneapolis, MN - is a leader in health care real estate, providing a variety of consultant services, including strategic planning, tenant lease representation, brokerage and development, lease versus ownership framework, and demographic mapping and location analysis.
MD News
January, 2011
Despite a harsh winter, work is continuing at the new community based outpatient clinic in Ramsey, Minn. According to the developer,steel beams will begin to be erected this week. A temporary shelterencloses the stairwell for the facility.
November, 2010
Savage Medical Building
32,000 sq. ft.
6350 143rd St, Savage, MN 55378
The Davis Group is pleased to announce the Savage Medical Building, a new medical office development.
October 2010
NW Metro Outpatient Clinic Moving Ahead
The VA announced October 19 that plans are moving ahead for a Community-Based Outpatient Clinic (CBOC) to be built in Ramsey, MN, a suburb northwest of Minneapolis.
September 2010
Healthy change for Savage
For Savage, a new medical center is under constructionand seems to be just what the doctor ordered.
August 2010
St. Francis, Allina to be part of medical family in Savage
Two familiar medical facilities — Allina and St. Francis — have been linked into plans to construct a two-story building on the southwest corner ofcounty roads 42 and 27 in Savage.
July 2010
VA Announces New Community-Based Outpatient Clinic in Ramsey, MN
U.S. Representative Michele Bachmann released the following statement upon the Veterans Administration announcement of a new Community-Bassed Outpatient Clinic (CBOC) in Ramsey, MN:
Congresswoman Michele Bachmann
February 2010
Not all sectors of the economy are at a standstill. Since January 1, 2009, the Davis Group completed 110 medical office transactions encompassing nearly 150,000 square feet and $40 million in value. Deals were completed across the metropolitan area (Minneapolis, St. Paul and the suburban markets) for health systems such as Allina, physician groups including Academic Dermatology and Center for Reproductive Medicine and investors including the sale of Town Center in Eagan. The Davis Group is employing its deep industry knowledge and broad contact base to complete transactions in this challenging environment.
