Publisher’s Letter (November 2006)
The consolidation situation INDUSTRY REMAINS FRAGMENTED DESPITE RECENT M&As Dear Reader: In his darkly comic 1992 bestseller, “Snow Crash,” author Neal Stephenson painted a grim picture of the near future. Corporations were in charge of almost every aspect of daily life – not only business, but also government and even religious institutions. In this bleak […]
Company Profile: Development Solutions Group (November 2006)
Doctors are calling, looking for solutions DEVELOPMENT SOLUTIONS GROUP LIKES THE STEADINESS OF MEDICAL REAL ESTATE By Anne Bretts Alan R. Main and Andrew E. Shearer met 10 years ago in Denver. They hit it off immediately. Main had built his career over 25 years in healthcare real estate while Shearer had spent […]
News & Analysis: Trammell Crow (November 2006)
‘Status quo’ for Crow TRAMMELL’S SALE COULD AID HEALTHCARE UNIT By John Mugford “Mega” is certainly a good way to described CB Richard Ellis Group’s pending mega-acquisition of Dallas-based Trammell Crow Co. The estimated $2.2 billion transaction is expected to close in late 2006 or the first quarter of 2007. But when it […]
Special Focus: BOMA Conference: Creative Marketing (November 2006)
Savvy marketing is a must for MOBs CLOSING ON A MEDICAL OFFICE DEVELOPMENT DEAL MEANS THE WORK HAS JUST BEGUN Editor’s Note: This is the third in a series of articles reporting on the recent “Medical Office Building (MOB) and Healthcare Facilities Seminar” held in Dallas. Healthcare Real Estate Insights™ was on hand to […]
Inpatient Projects (November 2006)
Texas Children’s Hospital has big plans ADMINISTRATORS UNVEIL $1.5 BILLION WORTH OF EXPANSIONS AND NEW FACILITIES By John Mugford These are not your ordinary health system expansion plans. Texas Children’s Hospital in Houston recently announced that it is planning a whopping $1.5 billion expansion plan that could add as much as 2 million square […]
Industry Pulse (November 2006)
NEWPORT BEACH, Calif. – As press time approached, Healthcare Real Estate Insights™ learned that massive Health Care Property Investors Inc. (NYSE: HCPI) has entered an agreement to gain full control of a portfolio of medical office buildings (MOBs) it has owned jointly with GE Healthcare Financial Services for the past several years. According to a […]
Transactions (October 2006)
Cogdell buys property manager Consera LAST MONTH’S ACQUISITION INCREASES HEALTHCARE REIT’S MANAGEMENT PORTFOLIO By John Mugford CHARLOTTE, N.C. – Cogdell Spencer Inc., a publicly traded, self-managed real estate investment trust (REIT) that concentrates on medical properties, recently acquired 100 percent ownership of Columbia, S.C.-based Consera Healthcare Real Estate LLC. Consera is a property management […]
Special Report: Third-Party Development Webinar (October 2006)
Blueprint for third-party development HREI™ WEBINAR EXPLORES OFF-BALANCE SHEET OPTIONS FOR HEALTH SYSTEMS By John Mugford Up until just a couple of years ago, the idea of a health system hiring a company to develop, own and manage a medical office building (MOB) on its campus or in a satellite location was a […]
Special Report: Dean Gotto (October 2006)
Big Apple medical school needs big help DEAN OF CORNELL WEILL OUTLINES REAL ESTATE HEADACHES OF BEING IN NEW YORK By John Mugford Editor’s Note: What are the unique real estate challenges faced by a medical center operating in New York City? Dr. Antonio M. Gotto Jr., dean of the Joan and Sanford […]
Senior Living (October 2006)
Senior living net incomes rose last year REVENUES ROSE FASTER THAN EXPENSES IN 2005, SAYS A NEWLY RELEASED SURVEY By Murray W. Wolf Net operating income rose sharply last year among the senior living communities surveyed in “The State of Seniors Housing 2006” survey, which was released Sept. 27. The 14th annual survey, which was […]
Publisher’s Letter (October 2006)
300 million reasons to grow POPULATION MILESTONE BODES WELL FOR THE INDUSTRY Dear Reader: One new patient every 11 seconds. Sorry if that’s a little one-dimensional. But we at Healthcare Real Estate Insights™ tend to view every news item from the narrow perspective of healthcare real estate. So that’s how we reacted to the recent […]
Project Case Study: Pond’s Edge (October 2006)
Time is right for Danbury developer docs CONNECTICUT DUOS’ NEW PROJECT MADE MED SPACE FROM AN OLD WATCH FACTORY By Anne Bretts In fashion, trends often move from the East Coast to the Midwest. But it took an entrepreneurial doctor from Minnesota and his physician-business partner to shake things up in Connecticut’s medical […]
News & Analysis: MOBs (October 2006)
Can cap rates keep falling? YES, AT LEAST FOR Q2; AVERAGE MOB PSF RISES TO $221 By John Mugford Just when many folks involved in medical office building (MOB) sales figured cap rates were finally starting to level off, recent statistics show they continued on their steady decline into the second quarter of […]
Market Focus: New Orleans (October 2006)
Still struggling a year after Katrina SEVEN OF NEW ORLEANS’ 16 HOSPITALS REMAIN CLOSED; THERE ARE SOME POSITIVE SIGNS By John Mugford Shortly after Hurricane Katrina and the subsequent flooding devastated New Orleans in August and September 2005, there were serious concerns that the city might never return to its old self: a festive […]
Inpatient Projects (October 2006)
No more scaling back UCSF’s hospital AFTER MANY CHANGES, MISSION BAY PROJECT NOW COULD COST UP TO $1.3 BILLION By Brian Busek SAN FRANCISCO – University of California regents have changed course for the second time this year in their planning for a new UCSF hospital complex at Mission Bay, and the new […]