Special Focus: Physician Investment (May 2006)
A growing piece of the MOB pie MORE AND MORE PHYSICIANS FIND EQUITY DEALS ATTRACTIVE By Jessica Griffith Medical office developers began offering doctors a share of real estate profits more than two decades ago. For most of those 20 years, the practice of having physicians involved in the ownership of medical office […]
Project Case Study: Alexian (May 2006)
Equity option boosts Chicago-area MOBs PHYSICIAN INVESTMENT OPPORTUNITY HELPS TO FILL TWO NEW NEXCORE BUILDINGS By Jessica Griffith A pair of new medical office buildings (MOBs) will complement expansions at two hospitals owned by Alexian Brothers Health System in suburban Chicago. Denver-based NexCore Group developed the buildings and as part of the package, […]
Inpatient Projects (May 2006)
Report calls for new hospital for New Orleans CONSULTANT ALSO MAKES CASE FOR REVAMPING LOUISIANA HEALTHCARE SYSTEM By John Mugford BATON ROUGE, La. – Even before Hurricane Katrina ravaged the Gulf Coast region last August, LSU Healthcare Services had considered building a single replacement facility for the aging Charity and University hospitals in downtown […]
News and Analysis (May 2006)
New player makes jump to MOBs MONTECITO, KNOWN FOR RESIDENTIAL CONDOS, ACQUIRES 14 BUILDINGS By John Mugford Jacksonville, Fla.-based Montecito Property Co. LLC has become quite a significant player in the residential condo-conversion industry, in which it buys multifamily properties and turns them into upscale condominiums. “Significant” could be considered an understatement, as the […]
Industry Pulse (May 2006)
CHICAGO – Children’s Memorial Hospital of Chicago recently announced plans for a $750 million, 275-bed replacement hospital at a new location. Plans call for construction of the new hospital in downtown Chicago at a site near Northwestern Memorial Hospital. The provider’s current campus on the city’s north side is slated for sale to developers. Construction […]
Company Profile: Faulkner Real Estate (May 2006)
Staking a bigger claim in medical office FAULKNER REAL ESTATE LOOKS TO ACQUIRE, DEVELOP $100 MILLION ANNUALLY By Jessica Griffith Fred Faulkner thought his years of experience as a developer of Class A office buildings would transfer easily to the medical office market. “I thought it would be something like Coke introducing Diet Coke; […]
Financing & Investment Briefs (April 2006)
New REIT structure spurs CapitalSource TAX ADVANTAGES MAKE MORE HEALTHCARE REAL ESTATE DEALS VIABLE, CEO SAYS By Murray W. Wolf Moving to a real estate investment trust (REIT) structure is helping CapitalSource Inc. (NYSE: CSE) to accelerate its growth, particularly in the area of healthcare real estate, company official say. CapitalSource, a Chevy Chase, […]
Q&A: Jerry Doctrow (April 2006)
Trading places with Jerry Doctrow NOTED ANALYST USUALLY ASKS THE QUESTIONS, BUT HE’S GOOD AT ANSWERING, TOO By John Mugford Jerry Doctrow is probably the best known of the securities analysts who cover the healthcare industry, including senior housing and healthcare real estate investment trusts (REITs). Mr. Doctrow has been an analyst since […]
Project Case Study: HealthPartners (April 2006)
Big-box takes big pressure off hospital MINNESOTA OUTPATIENT CLINIC CREATES CONVENIENT, PRIVATE ENVIRONMENT By Jessica Griffith John Brandt received a “tough mission” in 2003. The senior business development director of HealthPartners, a Minnesota health system, was asked to remove 100,000 outpatient visits a year from heavily congested Regions Hospital in downtown St. Paul, Minn., […]
Big Boxes (April 2006)
Borrowing a page from retail BIG BOXES HOUSE HEALTHCARE OPTIONS By Jessica Griffith The Health & Wellness Center by Doylestown Hospital in Doylestown, Pa., combines medical services such as diagnostic imaging and rehabilitation with a fitness center, spa and multiple doctors’ offices. It’s also a nice place to grab a bite to […]
Transactions (April 2006)
New Jersey MOB sells for $87.5 million LONG-TERM MASTER LEASE, PROFITABLE HOSPITAL DRIVE HIGH PRICE By John Mugford On the surface, the $87.5 million paid for the 252,000 square foot Hackensack University Medical Plaza in Hackensack, N.J. – more than $347 per square foot – might seem high. But the seller, White Plains, […]
Senior Living (April 2006)
Chicago unveils $600 million senior living plan CHICAGO – Mayor Richard Daley last month unveiled a five-year senior housing plan calling for the construction of 45 buildings totaling 4,000 units at an estimated cost of $600 million. The cost is to be covered by a combination of public and private funds. Most of the units […]
Outpatient Projects (April 2006)
CHS just can get enough MOB space CAROLINAS HEALTHCARE IS BUILDING AND LEASING SPACE THROUGHOUT CHARLOTTE By Murray W. Wolf Carolinas HealthCare System (CHS) opened the 185,000 square foot Morehead Medical Plaza on the campus of its flagship Carolinas Medical Center in Charlotte, N.C., in 2004. Has that provided enough medical office space to […]
Transactions (April 2006)
Busting through 6 percent CALIFORNIA MOBs SELL FOR A CAP RATE OF 5.8 PERCENT By John Mugford There may be no way to confirm it, but the early-March sale of a portfolio of five medical office buildings (MOBs) in Orange County, Calif., might represent one of the lowest – if not the lowest […]
Companies (April 2006)
Robins & Morton’s Texas projects reach $304 million DALLAS – With the recent addition of two Texas hospital construction projects totaling $181 million, the Dallas office of Robins & Morton, a construction firm concentrating on healthcare, is now working on projects totaling about $304 million in the Lone Star State. The two recently awarded Texas […]
