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Feature Story: Urgent care opportunities abound
R.E. strategies for such facilities is no longer an ‘affluent suburban’ or ‘Sunbelt’ play By John B. Mugford Although some suburban markets nationwide have reached a saturation point when it comes to the number of urgent care centers (UCCs), changes in healthcare and payment systems are creating more and more opportunities in new areas throughout […]
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Feature Story: Kaiser Permanente’s retail strategy
America’s largest MOB owner explains what it looks for in a retail location By John B. Mugford Plenty of health systems and physician practices these days are setting up shop in retrofitted spaces in retail centers, including large shopping malls. But how does this get done, what malls make the best locations for such spaces, […]
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Transactions: HTA enters Chicago market
REIT pays $40 million for 8 floors of tower across from Northwestern Memorial By John B. Mugford Aside from Welltower Inc.’s (NYSE: WELL) $1.25 billion purchase of 55 medical office buildings (MOBs) from CNL Healthcare Properties on May 15, there has been a bit of a dearth of large healthcare real estate (HRE) deals in […]
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Feature Story: Northwestern Memorial flips the script
Adding healthcare to retail areas is big trend. But what about adding retail to healthcare? By John B. Mugford The “retailization” of healthcare is a well-documented, recent and successful trend in the country’s medical delivery model. But what about the “healthcare-ization” of retail? Northwestern Memorial HealthCare, a 10-hospital system in Greater Chicago, has flipped the […]
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Feature Story: Micro-hospitals like high-visibility retail locations
Emerus exec’s motto is ‘See me a thousand times before you need me once’ By John B. Mugford Certainly, in this age of the “retailization” of healthcare delivery, finding convenient, highly visible locations in areas with “good demographics” is as important as ever for those planning new medical facilities. Even so, one professional who has […]
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Industry Pulse: MOBs are going Godzilla. We’re talking big. Really big.
JLL, with data from Revista, says 44 future monster MOBs will top 150,000 square feet NATIONWIDE — The movie Godzilla: King of the Monsters opened May 31, with some film reviewers saying that the CG-generated “Beast from the East” seems to be getting bigger with every sequel. The same might be said of medical office buildings […]
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Cover Story: The Next Stage
Stage Equity Partners plans to stick with the same proven acquisition strategy that has served it well during the past 10 years, but perhaps with a few tweaks By Murray W. Wolf Conventional wisdom holds that a recession is a terrible time to start a business. However, some believe that it might just be the […]
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Feature Story: It’s official: Retail has discovered healthcare
Annual ICSC RECon retail real estate event focuses on healthcare for the first time By Murray W. Wolf Held annually at the Las Vegas Convention Center, the International Council of Shopping Centers (ICSC) RECon global convention for the shopping center industry is one of the largest trade shows conducted in the United States. Last year, […]
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March/April 2019
Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is […]
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News Release: JLL Closes Sale of Single Tenant MOB in Orange County, CA
St. Jude-Centers For Rehabilitation & Wellness 2767 East Imperial Highway, Brea, California Closed June 2019 JLL Closes Single Tenant Medical Office Building In Brea, CA (Orange County) Long Term NNN Lease To St. Jude Medical Largest Standalone Physical Rehabilitation Center In Southern California 18 Day Close From Execution Of LOI Highly Competitive Marketing Process, 12 Total […]
News Release: Just closed: Tower Medical Plaza | Southlake, Texas
Just closed: Tower Medical Plaza | Southlake, Texas The JLL Healthcare Capital Markets Group is pleased to announce the sale of Tower Medical Plaza, a Class A medical office building totaling 44,888 rentable square feet in Southlake, Texas. The property is located less than one quarter of a mile from the renowned Southlake Town Square and […]
News Release: Kraus-Anderson completes $52 million expansion of FirstLight Health System in Mora, Minn.
JULY 17, 2019 MINNEAPOLIS, Minn. (July 2019) – Kraus-Anderson Construction Company (KA) has completed a $52 million expansion of FirstLight Health System, located at 301 South Hwy. 65 in Mora, Minn. The 25-month, multi-phased project includes major expansion and renovation of approximately 115,000 square feet of the FirstLight Health Systems Mora Hospital and Clinic campus. […]
Outpatient Projects: Unique partnership to open D.C.-area MOB
Adventist, Seavest and Trammell Crows are owners of 169,000 s.f. facility By John B. Mugford Within a few months after the opening of the new 180-bed White Oak Medical Center in Silver Spring, Md., in late August, a seven-story, 169,000 square foot medical office building (MOB) on the campus will begin seeing its first patients […]
News Release: Trammell Crow Company and Seavest adding major medical pavilion to new Adventist HealthCare hospital campus
FOR IMMEDIATE RELEASE The two firms and Adventist will own the 169,000 square foot Medical Pavilion at White Oak in the emerging health and life sciences hub of Silver Spring, Md. SILVER SPRING, Md., and WHITE PLAINS, N.Y., July 16, 2019 – A unique partnership of Seavest Healthcare Properties LLC, Trammell Crow Company and Adventist […]
News Release: Rare, Class A Medical Condo Sells for $11.85M – Leased to cCARE
For Immediate Release Cushman & Wakefield Private Capital and Healthcare Teams Collaborate in Sale of Class A Medical Condo for $11.85 Million Rare San Diego North County Asset Located in Desirable Project and Submarket SAN DIEGO, Calif., July 15, 2019 – Cushman & Wakefield announced today they’ve advised on the sale of a 20,230 square foot, […]
News Release: Medical Properties Trust Announces $1.75 Billion Investment in 24 Hospital Facilities
Investor Relations Press Release Medical Properties Trust Announces $1.75 Billion Investment in 24 Hospital Facilities Year-to-Date Acquisitions of $3.0 Billion Surpasses 2019 Full Year Acquisition Goal and Establishes Record Acquisitions Year Weighted Average GAAP Rate of 8.2% for 2019 YTD Acquisitions Transactions Immediately Accretive; Increases Run Rate Guidance for Net Income to $1.08 to $1.12 and NFFO to $1.54 to […]
News Release: Just Closed – On Campus MOB
CLOSED Cadence Capital Partners Healthcare Real Estate Group Secures Buyer for On-Campus Medical Office Building Cadence Capital Partners is pleased to announce the sale of Willow Grove Medical Plaza, a 42,000 SF on-campus medical office building located two hours west of New York City in Hackettstown, New Jersey. Michael Bennett Managing Principal 312.882.2200 mbennett@cadencerec.com Mike Janus Senior […]
News Release: Alex. Brown Realty and Heritage Properties Acquire Medical Office Park in Cary, NC
July 11, 2019 04:09 PM Eastern Daylight Time BALTIMORE–(BUSINESS WIRE)–Alex. Brown Realty (ABR) and their joint venture partner, Heritage Properties, are pleased to announce the acquisition of a two-building medical office park located at 101 & 105 SW Cary Parkway in Cary, North Carolina. ABR Chesapeake Fund V, a value-add real estate fund sponsored by […]
News Release: Anchor Health Properties Relocates Mid-Atlantic Office to Media, Pennsylvania
July 11, 2019 We are pleased to announce that our Wilmington, Delaware office has moved to a new location into the heart of downtown Media, Pennsylvania. Our new address is: 216 South Orange Street, Media, PA 19063 Our old office served the Anchor platform well for many years, functioning as the company headquarters prior to our […]
News Release: John Poulos to Lead CBRE National Healthcare
PRESS RELEASE John Poulos to Lead CBRE National Healthcare Los Angeles – July 11, 2019—CBRE Group, Inc. has appointed John Poulos to lead its Healthcare practice, delivering client solutions in the areas of compliance, facilities management, project management, advisory and transaction, and consulting services to healthcare systems throughout the country. In Mr. Poulos’s new role […]
News Release: Deal Announcement (CRE) | BMO acts as Sole Lender of $7.3 Million Facility
BMO Harris Healthcare Real Estate Finance acts as Sole Lender of $7.3 Million Facility BMO Harris Bank’s Healthcare Real Estate Finance group announced that it closed a $7.3MM senior secured term loan for the acquisition of a 41,205 SF single tenant medical office building and ambulatory surgery center in Indianapolis, IN. The owners will be […]
News Release: MedProperties Realty Advisors acquires MOB portfolio in West Virginia
The medical office buildings in Vienna, W.Va., and nearby Belpre, Ohio, are subject to long-term leases with West Virginia University Health System VIENNA, W.Va.; BELPRE, Ohio; and DALLAS, July 10, 2019 – MedProperties Realty Advisors LLC announced that it has acquired a 92,212 square foot medical office building (MOB) in Vienna, W.Va., and a two-building […]
News Release: NexCore Group celebrates CHI St. Vincent Arkansas Neuroscience Institute grand opening
FOR IMMEDIATE RELEASE The 42,133 square foot medical office building (MOB) will be a center of excellence for neurology, offering advanced surgical, treatment, lab, research and education and physician practice space Top: CHI St. Vincent Arkansas Neurological Institute (ANI) at 6020 Warden Road in Sherwood, Ark., opened its doors to patients June 14. Bottom: The […]
News Release: Healthcare real estate firm Davis promotes three property management staff members
Margaret (Peggy) Schatz, Linda Tierney and Jerry Anderson of Davis’ Minneapolis, Phoenix and Bismarck offices have assumed new leadership positions and duties MINNEAPOLIS, PHOENIX and BISMARCK, July 10, 2019 – Davis announced that it has promoted three property management employees in its Minneapolis, Phoenix and Bismarck offices.The national healthcare real estate company, which is headquartered in […]
