Transactions (December 2007)
Doc hopes to buy, convert Waco tower SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE By John Mugford A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. […]
Special Report (December 2007)
New players, new money HREI™ BOARD DISCUSSES EMERGING INDUSTRY TRENDS By John Mugford Competition continues to heat up from newcomers, the number of development RFPs (requests for proposals) seems to be declining slightly or holding steady, and the acquisition pipeline for medical office buildings (MOBs) should remain strong. Those are a few the trends that […]
Publisher’s Letter (December 2007)
We’re the ultimate info junkies WHERE DO WE GET ALL THIS INFORMATION? EVERYWHERE WE CAN. Dear Reader: Maybe it’s the time of year. But lately we have noticed a recent increase in the number of calls and emails we have received asking for healthcare real estate data. The timing is not surprising. At most […]
Outpatient Projects (December 2007)
B&M, Dominion move into development PARTNERS BUY ANOTHER MOB, ANNOUNCE PLANS FOR TWO PROJECTS IN SAN ANTONIO By John Mugford The new kid on the block in the San Antonio, Texas, healthcare real estate scene is making its presence known rather quickly. San Antonio-based B&M Healthcare Facilities Ltd. recently closed on the acquisition of the […]
Inpatient Projects (December 2007)
All-digital replacement unveiled in N.J. VIRTUA HEALTH PLANS 376-BED REPLACEMENT ON 125 ACRES IN VOORHEES TOWNSHIP By John Mugford Marlton, N.J.-based Virtua Health recently unveiled plans for a $400 million, 376-bed “digital” hospital in Voorhees Township, N.J., located in the southeastern New Jersey exurbs of Philadelphia. The hospital would replace Virtua’s 1973 hospital in Voorhees, […]
Industry Pulse (December 2007)
CALIFORNIA – This shocker is actually good news for many California hospitals and health systems. It now looks as if about 600 hospital buildings will not necessarily have to be rebuilt or retrofitted by a deadline of 2013 in order to meet California’s strict rules for seismic safety. In recent weeks the California Building Standards […]
Company Profile: KeyBank Real Estate Capital (December 2007)
Helping to unlock capital KEYBANK IS KEYING ON HEALTHCARE REAL ESTATE By Sonja Pedersen-Green At Cleveland-based KeyBank, healthcare real estate financing is certainly a ‘key’ part of the firm’s real estate capital division. Healthcare is one of six primary lines of business in the division, and the healthcare segment generates about 10 percent of the […]
People (December 2007)
HCP Inc. elects Christine Garvey to its board LONG BEACH, Calif. – Long Beach-based HCP Inc. (NYSE: HCP), America’s largest healthcare real estate investment trust (REIT), recently announced the election of Christine Garvey to its Board of Directors. HCP’s board now totals 11 members, nine of whom are independent of the company. Ms. Garvey has […]
Companies (December 2007)
Colliers’ OC group adds ‘healthcare’ title IRVINE, CALIF., OFFICE COMPILES COMPREHENSIVE DATA ON MEDICAL OFFICES By John Mugford The Los Angeles Basin is unlike any place in the country when it comes to healthcare real estate. Pricing and values for medical office buildings (MOBs) are higher than almost anywhere, cap rates are in the 5 […]
Inpatient Projects (November 2007)
HCA plans to expand Nashville hospital CENTENNIAL MEDICAL CENTER WOULD GET 51 BEDS IN A $150 MILLION PROJECT By John Mugford Centennial Medical Center, part of Nashville, Tenn.-based HCA Inc.’s TriStar Health System, recently filed a certificate of need (CON) with the state of Tennessee for a $150 million campus expansion. The 606-bed […]
Industry Pulse (November 2007)
SPRING HILL, Tenn. – Nashville, Tenn.-based HCA Inc.’s TriStar Health System recently received a rejection right in its own backyard. An administrative law judge has denied HCA’s previously approved Certificate of Need (CON) to build a $110 million hospital in Spring Hill, about 30 miles south of Nashville. The CON for the 56-bed facility had […]
Editorial Advisory Board Article (November 2007)
HREI™ welcomes new Edit Board members ADDITIONAL INDUSTRY LEADERS SIGN ON TO PROVIDE KNOWLEDGE AND FEEDBACK By Murray W. Wolf Healthcare Real Estate Insights™ has added nine members to its Editorial Advisory Board, and two other individuals have been selected to serve on behalf of former board members from their firms. The newly expanded […]
Company Profile: Servant Healthcare (November 2007)
Former CNL execs form new venture SERVANT HEALTHCARE GARNERING FUNDS TO INVEST IN MEDICAL REAL ESTATE By Jessica Griffith When Health Care Property Investors Inc. (NYSE: HCP) acquired CNL Retirement Properties Inc. last fall, three of CNL’s executives took a look at the healthcare real estate market and made a decision to go out […]
Industry Pulse (October 2007)
NASHVILLE, Tenn. – The Vanderbilt University Board of Trustees in recent weeks took the first steps toward a massive expansion of Monroe Carell Jr. Children’s Hospital at Vanderbilt. The board approved $5.4 million in planning fees for a proposed addition that would add a $203 million, eight-story, 340,000 square foot tower. The project would include […]
Editor’s Letter (October 2007)
In your face, credit crunch AS THIS ISSUE SHOWS, DEALS ARE CERTAINLY GETTING DONE Dear Reader: As I wade through the numerous news reports and press releases that we receive from various outlets around the country, and interview folks involved in healthcare real estate, I’m taken aback by the volume of medical office building (MOB) […]
