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Editor's Letter: The talk of the town

Editor’s Letter: The talk of the town

MARKET FOCUSES DIG INTO DETAILS, TRENDS By John B. Mugford. Dear Reader: This edition of Healthcare Real Estate Insights™ includes one of our most popular features, a Market Focus section on a particular major metropolitan area of the country. These highly detailed, labor-intensive projects have long been rated highly by our readers (when we have […]

A planned $220 million to $250 million expansion of the Mall of America in
the Minneapolis suburb of Bloomington might include 150,000 square feet of
medical office space, possibly anchored by the Mayo Clinic.
Rendering courtesy of Mall of America

Market Focus: Retail sites sizzling in the Twin Cities

PROVIDERS SEEM SOLD ON REDEVELOPED AND REPURPOSED STORE LOCATIONS By Murray W. Wolf and John B. Mugford Call it the MOB at the MOA. A major medical office building (MOB) has been proposed as part of a planned expansion of the 4.2 million square foot Mall of America (MOA) in the Minneapolis suburb of Bloomington, […]

The $17 million, four-story, 158,000 square foot Two Twelve Medical Center in the southwest Minneapolis suburb of Chaska, the largest medical office building to open last year in the Twin Cities metro area, is already fully leased.
Photo courtesy of Mount Development Co.

Market Focus: Twin Cities: the future of healthcare?

‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]

Lorie Damon

People: The Lorie Damon era ends at BOMA

SHE WAS INSTRUMENTAL IN GROWING THE MOB SECTOR’S LARGEST CONFERENCE By John Mugford In considering the history of the medical office building (MOB) sector, the year 2002 seems like an eternity ago. Even though MOBs had existed for many decades prior, it was at about that point in time when the sector’s story really started […]

Landmark Healthcare Facilities plans to develop a $35 million, 100,000 square foot medical office building on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y.
Rendering courtesy of Landmark Healthcare Facilities LLC

Outpatient Projects: Landmark developing New York MOB

DEVELOPER WILL OWN 100,000 S.F. FACILITY ALONG WITH DOCS WHO TAKE PART By John Mugford In a classic third-party development arrangement, Milwaukee-based Landmark Healthcare Facilities LLC is moving forward with plans to build, own and manage a medical office building (MOB) on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y. […]

Highwoods Properties Inc. recently acquired the three-story, 70,000 square foot Church Street Medical I in Greensboro, N.C., for $17.14 million
Photo courtesy of Duke Health

Transactions: REIT, new to space, buys MOBs in N.C.

HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M By John Mugford In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio […]

Capital Markets Snapshot: Take heed of low yields for MOBs

AT THESE LEVELS, INVESTORS MUST UNDERSTAND MEDICAL REAL ESTATE RISKS By Cain Brothers The Cain Brothers Cap Rate, an index designed to estimate the yield of high quality MOBs, is approaching its historic low, and the spread of that index is approaching its historic high. This is indicative of the challenge that the capital markets […]

Laca Wong-Hammond

Q & A: Making a mark at RJ|MK

WONG-HAMMOND GIVES INSIGHTS INTO HER NEW ROLE By John Mugford It’s been nine months or so since Laca Wong-Hammond was named the head of healthcare real estate at what is now Raymond James | Morgan Keegan, the large investment banking, brokerage and financial services firm. In this rather short timeframe, Ms. Wong-Hammond has certainly put […]

Griffin-American Healthcare REIT paid $22.09 million, or $259 PSF, for this two-story, multi-tenant facility in Rockwall, Texas, a Dallas suburb. The building has about 85,000 square feet of space.
Photo courtesy of Griffin-American Healthcare REIT

News & Analysis: Busy times at G-A REIT

COMPANY HAS BOUGHT 14 BUILDINGS SINCE MAY By John Mugford It’s pretty obvious that Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has been finding plenty of what it’s been looking for in the healthcare real estate market so far in 2012. In fact, as of recent weeks, the real estate investment trust’s (REIT’s) year-to-date […]

Industry Pulse: July 2012

NEW YORK – In case you missed it, hyper-excitable and in-need-of-caffeine-free coffee host Jim Cramer of “Mad Money” recently had Debra Cafaro, the CEO of Ventas Inc. (NYSE: VTR), on his fast-paced CNBC show. Mr. Cramer almost seemed apologetic about never introducing Ventas to his audience in the past. The show aired just before the […]