News & Analysis: MOB data (April 2007)
MOB sales keep pace in 2006 CAP RATES DROPPED TO AVERAGE OF 6.8% IN FOURTH QUARTER By Jessica Griffith In the fourth quarter (Q4) of 2006, Cambra Realty purchased 120 South Spalding Drive in Beverly Hills, Calif., for $42 million at a rock-bottom capitalization rate of 4.9 percent. This 68,000 square foot medical office […]
News & Analysis (April 2007)
The power of 2 (portfolios) OHIO SYSTEM’S, DEVELOPER’S MOBs SELL FOR $100 MILLION By John Mugford As this edition was about to go to press, Healthcare Real Estate Insights™ learned of the closing of a major medical office portfolio in Ohio. And even though the sale of 11 medical office buildings (MOBs) […]
Transactions (April 2007)
Ohio medical mall fetches $47 million FORMER HOSPITAL PROPERTY WAS REDEVELOPED, REPOSITIONED BY ENTREPRENEUR By John Mugford The hard work and efforts of a former day trader who acquired and then redeveloped a former hospital in Dayton, Ohio, into a massive medical mall appear to have paid off. In recent weeks, Norm Schwab and […]
Q&A: Todd Jensen (April 2007)
Putting Lauth on the healthcare map TODD JENSEN WAS LEFT HAMMES CO. IN 2003 TO HEAD FIRM’S HEALTHCARE GROUP By John Mugford Prior to W. Todd Jensen’s arrival at Indianapolis-based Lauth Property Group in 2003, the real estate and development firm had only dabbled in healthcare. From its founding in 1977, the company had […]
Publisher’s Letter (April 2007)
Room for improvement MEDICAL FACILITIES COULD STILL BE MUCH BETTER Dear Reader: As the parents of three active children ages 8, 11 and 13, my wife and I have ample opportunities to experience healthcare real estate first hand. Hardly a week passes without someone needing a routine check-up or, more likely, to be seen for […]
Inpatient Projects (April 2007)
CHW plans $9 billion in capital spending CATHOLIC HEALTHCARE WEST TO INVEST HEAVILY IN NEW HOSPITALS, UPGRADES By John Mugford Catholic Healthcare West (CHW), the massive health provider with 42 hospitals in California, Arizona and Nevada, is no slouch when it comes to investing in its facilities. For example, the system spent $593 million on […]
Industry Pulse (April 2007)
CHESTERTON, Ind. – The healthcare community is abuzz in Porter County, Indiana, located just south of Lake Michigan and about 50 miles east of Chicago. That’s because officials with a massive planned residential and commercial community called Coffee Creek Center recently confirmed that they are in discussions to bring a new hospital to their development. […]
Companies (April 2007)
Another REIT joins healthcare arena CARE INVESTMENT TRUST HOPES TO RAISE $275 MILLION IN IPO Staff Report NEW YORK – New York-based CIT Group Inc. (NYSE:CIT) recently announced that it is looking to raise up to $275 million through an initial public offering (IPO) for its newly organized healthcare real estate investment trust […]
