Project Case Study: Shuttered hospital gets new life
WHITE PLAINS, N.Y., SITE TO BE CONVERTED TO SENIOR CONDOS By Jessica Griffith A vacant hospital that sometimes doubles as a movie set is now the stage for a new senior housing development in White Plains, N.Y. A quintet of partners, called North Street Community LLC, purchased the 23-acre site of the former St. Agnes […]
Transactions (Febuary 2006)
Oakland MOB on ‘Pill Hill’ fetches $25M OAKLAND, Calif. – It looks as if a medical office building (MOB) in the Pill Hill neighborhood of Oakland, Calif., is not going to fetch nearly double the investment for the sellers after all. Compass Grand Associates which purchased Broadway Webster Medical Plaza four years ago for $17.8 […]
Senior Living (Febuary 2006)
California developer bound for China SUNNYLIFE GLOBAL ENTERS DEAL TO DEVELOP 1,500 ASSISTED LIVING UNITS By John Mugford Talk about taking its senior living development show on the road. West Covina, Calif.-based Sunnylife Global Inc. recently entered a land-lease agreement with the Chinese government that’s expected to lead to the development of 1,500 units of […]
People (Febuary 2006)
PEOPLE PEOPLE Thomas Garthwaite was named executive vice president and chief medical officer of Newton Square, Pa.-based Catholic Health East. He had been director of the Los Angeles County Department of Health Services… Dean Harrison was named CEO of Northwestern Memorial HealthCare, Chicago, replacing Gary Mecklenburg, who announced that he plans to retire Sept. 1. […]
Outpatient Projects (Febuary 2006)
Windrose completes Houston projects Windrose completes Houston projects REIT’s subsidiary finishes two-facility, $57 million development in Bellaire, Texas By John Mugford Windrose Medical Properties Trust (NYSE: WRS) recently completed the development of a two-facility, $57 million medical development in the Houston area: the 64-bed Foundation Surgical Hospital and the 103,000 square foot Foundation Medical Tower, […]
Inpatient Projects (Febuary 2006)
Cal projects reeling from sky-high costs UCSF, PALOMAR, SUTTER, OTHERS DELAYING – EVEN CANCELING – CONSTRUCTION By John Mugford Things aren’t always sunny and carefree in California. Take the cost of construction. Several major healthcare providers have indicated they might possibly delay, or even cancel, previously planned construction projects because of escalating costs. Providers feeling […]
Market Focus: Cincinnati (Febuaruy 2006)
Cincinnati area is a healthcare hotbed CURRENT, FUTURE PROJECTS COULD REACH $1 BILLION; SUBURBS SEE BIG GROWTH By John Mugford In a Page 1 article in USA Today back on Jan. 3, several cities were named as current hotbeds of hospital construction. They included Denver; Austin, Texas; Charleston, S.C.; and Cincinnati. Yes, Cincinnati, […]
Industry Pulse (Febuary 2006)
CLEVELAND – The board of directors of University Hospitals Health System (UHHS) in mid-January unanimously approved core elements a vast new strategic plan, called Vision 2010. The plan calls for investments of more than $1 billion, including significant upgrades to the University Hospitals of Cleveland (UHC) campus, new facilities and considerable expansions at several of […]
HREI™ forms new Editorial Advisory Board (Febuary 2006)
Sunrise completes $100 million buy TORONTO-BASED SENIOR LIVING FIRM’S PORTFOLIO NOW TOPS $1 BILLION By John Mugford Toronto-based Sunrise Senior Living Real Estate Investment Trust (Toronto Stock Exchange: SZR.UN) recently completed its previously announced acquisition of four assisted living communities in the United States for $85.5 million (U.S. dollars). In addition, the company in January […]
Editorial Advisory Board Article (Febuary 2006)
HREI™ forms new Editorial Advisory Board NEWSLETTER TAPS A DOZEN INDUSTRY LEADERS FOR THEIR ADVICE AND COUNSEL By Murray W. Wolf Healthcare Real Estate Insights™ has announced the formation of its first Editorial Advisory Board. The board is composed of 12 widely recognized industry leaders active in healthcare real estate development, financing, advisory services, […]
News & Analysis: Page 1 (Febuary 2006)
Health has allure for Fluor HUGE FIRM OPENS NASHVILLE OFFICE WITH FORMER HCA EXECS By John Mugford New entrants seem to be jumping into the red-hot healthcare real estate market almost daily. But, when a Fortune 500 firm launches a healthcare division with four former HCA Inc. executives in a Nashville, Tenn., office – […]
Company Profile: Fluor Healthcare (Febuary 2006)
Health has allure for Fluor HUGE FIRM ENTERS THE MARKET WITH EX-HCA EXECS By John Mugford New entrants seem to be jumping into the red-hot healthcare real estate market almost daily. But, when a Fortune 500 firm launches a healthcare division with four former HCA Inc. executives in a Nashville, Tenn., office – now […]
Publisher’s Letter (Febuary 2006)
Thanks for the advice HREI™ CREATES FIRST EDITORIAL ADVISORY BOARD Dear Reader: “The way of the fool seems right in his own eyes, but he who listens to advice is wise.” – Proverbs 12:15 “A word to the wise ain’t necessary. It’s the stupid ones that need the advice.” – Bill Cosby I’m not sure […]
