Outpatient Projects: Ohio town lands $170M cancer center
CALIF.-BASED OPTIVUS PROTON THERAPY INC. TO BUILD ON MIAMI TOWNSHIP LAND By John Mugford Miami Township in Ohio had the land and San Bernardino, Calif.-based Optivus Proton Therapy Inc. has the capabilities for a cancer treatment center that utilizes proton beam therapy. The two sides recently announced they are set to move forward on a […]
Transactions: NHP nears $300 million deal with PMB
REIT WOULD BUY INTERESTS IN 7 MOBs WITH A TOTAL OF 600,000 SQUARE FEET By John Mugford Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings (PMB) made big headlines the last time they struck a big deal in early 2008. That deal was for as much as $2 […]
Capital Market Snapshot: Signs point to being thankful for 2009
HOSPITALS, REITs GET BACK TO BUSINESS; PRIVATE INVESTORS FACE CHALLENGES As 2009 comes to a close, we can all be thankful it is still not 2008. What a difference a year makes. This seems especially true for medical real estate. Hospitals have weathered the storm and are experiencing a renewed ability to access tax-exempt capital. […]
Product Focus: MOB sales jumped in Q3
VOLUME NEARLY TRIPLED VS. Q2; CAP RATES ROSE By John Mugford Folks involved in the sales of medical office buildings (MOBs) were predicting, or perhaps hoping for, a strong rebound by the second half of this year. According statistics recently released by New York-based Real Capital Analytics (RCA) Inc., they got one – in some […]
News & Analysis: New name, same game
HTA AGREES TO ACQUIRE 20 MOBs FOR $155.1 MILLION By John Mugford Since moving to self-management in September and operating under its new name, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has not changed the way it goes about its business. For the last four years or so, ever since the non-traded real estate […]
Industry Pulse: November 2009
WASHINGTON – The annual election of the chairperson of the National Association of Real Estate Investment Trusts (NAREIT) is typically big news for people associated with the nation’s real estate investment trusts (REITs), of which there are more than 150 in various types of commercial real estate and mortgages. But for 2010, the naming of […]
Editor’s Letter: Reform might fill MOBs
MORE INSURED COULD BOOST DEMAND – OR NOT By John B. Mugford Dear Reader: Not to shoot down something that we wrote about last month, but there does seem to be a different interpretation of whether there would be a big increase in demand for the development of medical office space should President Obama’s healthcare […]
Special Report: Are lenders ready to resume lending?
SOME REITs AND FINANCE COMPANIES ARE, BUT NOT MANY BANKS, NIC PANEL SAYS By Murray W. Wolf In this, our final article from the 19th Annual NIC Conference, we explore trends in obtaining financing from REITs and conventional lenders. What is the lending environment like for senior living developers and investors who don’t necessarily want […]
Special Report: Permanent shift for capital markets?
NIC PANELISTS SAY THINGS WILL GET BETTER, BUT IT WILL NEVER BE THE SAME By Murray W. Wolf In this, our fourth article from the 19th Annual NIC Conference, we explore how the recent disruptions in the capital markets have changed – perhaps permanently – and how that will affect the senior living sector. This […]
Special Report: Senior living prices ready to rebound?
ASSET VALUATIONS HAVE SLIPPED SINCE ‘07, BUT NIC PANEL SEES IMPROVEMENT By Murray W. Wolf In this, our third article from the NIC conference, we explore trends in valuations for senior living real estate. The market for senior living facilities peaked in 2006-07. Both the total dollar volume and number of transactions achieved new highs […]
Special Report: Senior housing sector shows optimism
DEVELOPMENT AND OCCUPANCY RATES HAVE DIPPED, BUT NIC CROWD SEES HOPE By Murray W. Wolf Like medical office, senior living has weathered the recession better than most commercial real estate sectors. But the similarities don’t stop there. Both are healthcare-related businesses that face risks from possible reimbursement rate reductions and continue to struggle to do […]
Companies: Pacific Medical lands trio of projects
IN ADDITION, PMB HAS AN ANOTHER 720,000 S.f. IN ITS DEVELOPMENT PIPELINE By John Mugford The projects continue to pile up for San Diego-based Pacific Medical Buildings (PMB), which recently announced that it has been selected as the developer for three separate medical office projects in California. Combined, the three medical office buildings (MOBs) would […]
Inpatient Projects: Swedish moving forward on campus
SEATTLE-BASED SYSTEM PLANS ‘HEALTHCARE COMMONS’ IN EASTERN SUBURBS By John Mugford Not much has come easy for Seattle-based Swedish Medical Center in its five-year quest to build a new 175-bed hospital in Issaquah, Wash., which is part of growing eastern King County. Even as Swedish executives and government officials – including Washington Gov. Chris Gregoire […]
Transactions: Health Care REIT Inc. sells MOB park
ATLANTA-BASED ROBERTS COMMERCIAL PICKS UP EIGHT ASSETS FOR $7.7 MILLION Staff Reports Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) in recent weeks sold the eight-building Johns Creek Medical Office Park in Johns Creek, Ga., for $7.7 million, or about $106 per square foot. The buyer was Atlanta-based Roberts Commercial Real Estate Services. The medical […]
Outpatient Projects: Two MOBs set for campus near Denver
AARDEX, SEAVEST ARE JV PARTNERS IN PROJECT WITH TOTAL OF 250,000 S.F. By John Mugford About 250,000 square feet of new medical office space is slated for the future replacement campus of St. Anthony Central Hospital in Lakewood, Colo., just outside of Denver. Golden, Colo.-based Aardex LLC, a developer, owner and construction firm, recently announced […]
