2009

Special Report: Changes ahead for healthcare industry

MEDICAL REAL ESTATE SECTOR MUST ADAPT TO NEW REALITIES, PANELISTS SAY By Murray W. Wolf Regardless of the outcome of potential reform legislation, the healthcare industry is changing fast – and medical real estate professionals must also adapt to succeed in the coming years. Variations on that theme were espoused by many of the presenters […]

Editor’s Letter: New year, new ideas

Editor’s Letter: New year, new ideas

IT’S TIME TO TAKE THE PLUNGE WITH CHANGES By John B. Mugford Dear Reader: Think of me on the morning of Jan. 1. No, I won’t be nursing a hangover. Instead, I’ll be jumping into the frigid waters of Lake Minnetonka through a hole cut in the ice. I’ll be joining about 1,000 other crazy […]

Companies: Medical Center of Princeton tops out

RMJM DESIGNS $441.7 MILLION HOSPITAL; TURNER IS CONSTRUCTION MANAGER By John Mugford The designers and construction manager of the future and massive University Medical Center of Princeton at Plainsboro (UMCPP), N.J., recently held a topping off ceremony to mark the completion of construction on the steel frame for the future $441.7 million hospital. The architectural […]

The proposed West Jacksonville Medical Center was recently approved.
Rendering courtesy of HCA Inc.

Inpatient Projects: Florida grants CON for HCA hospital

MEDICAL CENTER COSTING MORE THAN $100 MILLION SLATED FOR JACKSONVILLE By John Mugford Nashville, Tenn.-based HCA Inc., the country’s largest privately held hospital company, recently received the go ahead from the state of Florida to build a new hospital on the west side of Jacksonville. The Florida Agency for Health Care Administration granted the Certificate […]

Outpatient Projects: Caddis’s latest Texas MOB under way

FUTURE 110,000 S.F. FACILITY SLATED FOR SOUTH ARLINGTON MEDICAL DISTRICT By John Mugford Outside of the Metroplex in North Texas, Dallas-based Caddis Partners LLC might not be a big name when it comes to the development of medical office buildings (MOBs). But in the Dallas area, Caddis has become quite a significant player, as it […]

Transactions: Healthcare Trust remains acquisitive

REIT WOULD BUY THREE MOBS AND LTAC; IT ALSO CLOSES ON A FIRST MORTGAGE By John Mugford Last month, we reported that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) had entered agreements to acquire 16 medical office buildings (MOBs) in the Phoenix area as well as three other MOBs in other states. In recent […]

Capital Markets Snapshot: Unscientific prediction: 2010 rebound

IF WHAT’S HAPPENING AT HREI™ IS ANY INDICATION, NEXT YEAR WILL BE BETTER By Murray W. Wolf Although they still graciously provided the financial data below, our friends at Cain Brothers & Co. are taking a well-deserved rest from writing the Capital Markets Snapshot narrative this month. So it falls to the Healthcare Real Estate […]

Malcolm Sina of DASCO Cos. comments on the year ahead in healthcare
real estate as (from left to right) Mike Lincoln of Lillibridge, Todd Varney of
Rendina Cos. and Barry Weinbaum of Pacific Medical Buildings look on.
HREI™ P photos by John Mugford

Special Report: ‘10 brings hope, concern

MOB SALES WILL RISE, INDUSTRY EXPERTS AGREE By John Mugford As we head into 2010, there is certainly cause for optimism among some of the best-known people and companies involved in healthcare real estate. Many are predicting an uptick in medical office sales as the economy stabilizes and certain investors look for safe sectors in […]

News & Analysis: REIT makes $62.5M buy

VENTAS CLOSES ON THREE-BUILDING ACQUISITION By John Mugford At a couple of recent conferences and meetings focusing on healthcare real estate, Vincent M. “Vince” Cozzi, the managing director of acquisitions for Chicago-based Ventas Inc. (NYSE: VTR), made it clear that just because the company has plenty of cash on hand, it is not feeling any […]

Industry Pulse: December 2009

HOUSTON – Timeshares are often thought of as places for once-a-year getaways to sunny Mazatlan or the ski slopes of Vail. But Houston-based Memorial Hermann Hospital System has come up with a new wrinkle for the timeshare concept, and it’s designed to lure more primary care doctors to its campus in the vast Texas Medical […]

Publisher’s Letter: The start of a rebound?

MOB SALES, HEALTHCARE CONSTRUCTION ARE UP By Murray W Wolf Dear Reader: There is nothing we’d like better than to publish an article talking about how the healthcare real estate sector has rebounded to pre-recessionary levels of development and investment activity. Alas, we can’t quite do that – yet. But we are seeing some glimmers […]

The 372,000 square foot facility that houses the Swedish Orthopedic Institute
in Seattle is connected to the main hospital on the system’s First Hill campus
via a pedestrian bridge on the third floor. The 372,000 square foot building
opened in the summer of 2008.
Photo courtesy of NBBJ

Project Study: Ortho center keeps pace with boomers

SEATTLE’S SWEDISH SYSTEM BUILT A BIG ORTHOPEDIC INSTITUTE TO MEET DEMAND By John Mugford There’s no mystery about what drove the building of a large, heavily glass-encased facility on the First Hill campus of Swedish Medical Center in Seattle: demand for orthopedic surgery and services, mostly from baby boomers. From 1996 to 2006, orthopedic demand […]

Jeff Calk

Q&A: Stark, Anti-Kickback crackdown ahead

ATTORNEY JEFF CALK SAYS REFORM WILL BRING STEPPED UP LAW ENFORCEMENT By John Mugford If truth be told, third-party developers and owners of medical office buildings (MOBs) need not worry all that much about violating the infamous Stark Law. That’s because they’re not the ones billing the federal government for Medicare and Medicaid reimbursements. However, […]

Companies: CB Richard Ellis lands major med deal

US ONCOLOGY HIRES REAL ESTATE COMPANY TO MANAGE 5 MILLION S.F. OF SPACE By John Mugford US Oncology Inc., the giant, nationwide cancer care company based in The Woodlands, Texas, recently hired Los Angeles-based CB Richard Ellis Group Inc. (NYSE: CBG) to provide an array of real estate services for its 5 million square foot […]

Inpatient Projects: Memorial Hermann to invest $104M

  HOUSTON-BASED SYSTEM TO ADD SEVEN-STORY TOWER IN THE WOODLANDS By John Mugford Houston-based Memorial Hermann Healthcare System is a big healthcare system in a big metropolitan area. Its hospital in The Woodlands, in Houston’s northern metropolitan area, is about to get even larger. The system recently announced that it is planning a $104 million […]

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