Companies & People: Healthcare Trust of America CEO Scott D. Peters rings the closing bell at NYSE
It’s not every day that someone from the HRE sector rings the closing bell at the New York Stock Exchange (NYSE). Yet, that’s just what Scott D. Peters, CEO and Chairman of Scottsdale, Ariz.-based
Industry Pulse: On the Record
Have providers’ views changed on whether to own vs. lease real estate? There is a general belief that, depending on the credit specifics, hospitals or health systems can borrow direct on a tax exempt basis at a lower cost than if they were leasing. There are exceptions to that, but as it’s evolved to physicians […]
Companies & People: Design firm HOK adds University of Michigan surgeon to its healthcare design group
Design firm HOK recently announced that it has appointed Dr. Andrew M. Ibrahim, a resident surgeon at the University of Michigan in Ann Arbor, as its chief medical officer. As such, Dr.
Transactions: Condo deals could signify a trend
Hammes partners acquires condos in California; similar sale takes place in Illinois By John B. Mugford In certain parts of the country – Florida, Southern California, parts of Texas – quite a large number of physicians and small group practices own their own medical office condominiums. When the product type really took off in the […]
Outpatient Projects: Boldt Co. develops 2,500 square foot MOB for Centura Health affiliate in Colorado
St. Thomas More Hospital in Canon City, about 115 miles south of Denver, recently opened first floor clinical space in a new two-story, 32,500 square foot MOB. The hospital, an affiliate of Centennial,
Inpatient Projects: One building opens, another is still being built as part of $430 million project in Provo, Utah
PROVO, Utah – A big portion of a $430 million renovation project at Utah Valley Hospital in Provo was recently completed, with more work scheduled to wrap up in 2019. The hospital, part of Salt Lake
Companies & People: Five questions with Tim Stanton
An HSA PrimeCare founding executive gains a new perspective after a near-death crisis By John B. Mugford Tim Stanton has been with Chicago-based HSA PrimeCare, the healthcare division of HSA Commercial and its billion-dollar portfolio, from the get-go. Since the company launched the healthcare arm in the mid-1990s, Mr. Stanton has been an integral part […]
Inpatient Projects: Fargo, N.D., hospital spurs growth
As Sanford Health’s new medical center exceeds projections, it plans to add more beds By John B. Mugford Even though most healthcare professionals foresee a future with fewer inpatient hospital beds, at least one new hospital is experiencing volumes well above projections. That hospital is the 244-bed Sanford Medical Center Fargo, which opened in North […]
Industry Pulse: JP Morgan Boss tells of new Healthcare Venture
Jamie Dimon explains why JPMorgan, Amazon and Berkshire Hathaway are tackling healthcare In January 2018, when Amazon, JPMorgan Chase and Berkshire Hathaway made a rather vague announcement that they were collaborating on a healthcare venture, it raised more questions than answers. Now, in his newly released letter to shareholders, published as part of the New […]
Transactions: Global Medical REIT buys MOB portfolio in Orlando, Fla., area for $16.2 million
Bethesda, Md.-based Global Medical REIT Inc. (NYSE: GMRE) recently paid $16.2 million for a portfolio of five MOBs in Greater Orlando. The buildings have a total of 59,644 square feet and are
Transactions: The Sanders Trust lands cancer center building in Fort Wayne, Ind., for $15 million
According to a local report, Birmingham, Ala.-based The Sanders Trust (TST) recently acquired the 47,000 square foot Lutheran Hospital Cancer Center in Fort Wayne, paying $15 million. The
Post-Acute & Senior Living: Publicly traded REIT acquires struggling SNF in D.C. market; Avison Young brokers sale
The Washington, D.C., office of Avison Young recently arranged the $13 million sale of the 45,654 square foot Mt. Vernon Nursing & Rehab Center, a skilled nursing facility (SNF) in Alexandria that has
Companies & People: Caddis hires industry veteran Shawn Janus to lead development, acquisitions in the Midwest
In more news from Caddis, the company recently hired industry veteran Shawn Janus to lead its development and acquisition activities in the Midwest. The well-known real estate executive has
Hot Property: An offering for the times
The MMRE Portfolio should whet the appetites of today’s hungriest, largest investors Name: MMRE Portfolio Number of buildings: 17 Square feet: 813,467 Location: 9 states Seller: Montecito Medical Real Estate Occupancy: 96.9% Investment grade: 40% Lease structures: triple net Brokerage: CBRE Brokers: Christopher R. Bodnar, Lee Asher, Sabrina Solomiany, Ryan Lindsle Coming off what could […]
Inpatient Projects: Work continues on $545 million project at hospital in Poughkeepsie, N.Y.
Work has surpassed the halfway mark on a $545 million expansion project at Vassar Brothers Medical Center in Poughkeepsie, 80 miles up the Hudson River from New York City. The main part of
