City of Hope Cancer Center Phoenix broke ground on a surgical center expansion, significantly increasing its capacity in Arizona and solidifying its position as a leading cancer research and treatment center in the region. The expansion, slated for completion in 2026, encompasses new building additions and renovations, adding four operating rooms, recovery rooms, and other facilities. Through collaboration with Translational Genomics Research Institute (TGen), City of Hope aims to accelerate breakthroughs in cancer treatment and provide personalized care to patients. Ryan Companies US Inc. is partnering with City of Hope on the construction project to enhance healthcare delivery. The expansion reflects City of Hope’s commitment to improving cancer care and quality of life for patients across Arizona.
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A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
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