News and Analysis (June 2007)
HCP bounds big into bio REIT ACQUIRES SLOUGH ESTATES USA for $2.9B By John Mugford And now, in one fell swoop – one very big swoop – Health Care Property Investors Inc. (NYSE:HCP), the country’s largest healthcare real estate investment trust (REIT) by market capitalization, has become one of the country’s largest bioscience landlords […]
RCA’s MOB stats (June 2007)
MOB prices cooled in Q1 BUT WHETHER THAT’S A TREND REMAINS TO BE SEEN By John Mugford For the first time in more than three years, it looks like the average price per square foot (PSF) for medical office building (MOB) sales has dropped a bit. You read that correctly. For the past several […]
Transactions (June 2007)
NNN Healthcare continues buying spree WITH LATEST PURCHASE, NEW REIT BOOSTS MOB PORTFOLIO TO ABOUT $110 MILLION By John Mugford Santa Ana, Calif.-based NNN Healthcare/Office REIT Inc., which made its first medical office acquisitions as a new real estate investment trust (REIT) in January of this year, recently announced three new separate medical office building […]
Senior Living (June 2007)
Ventas completes acquisition of Sunrise $1.07 BILLION TRANSACTION CLOSES AFTER VENTAS INCREASES THE PRICE By John Mugford After surviving a competing offer and a court date, healthcare real estate investment trust (REIT) Ventas Inc. of Louisville, Ky., in recent weeks completed its $1.07 billion acquisition of Toronto-based Sunrise Living Real Estate Investment Trust. Before closing […]
Publisher’s Letter (June 2007)
Is it time to break into bio? BIOSCIENCE REAL ESTATE MIGHT BE YOUR NEW FRONTIER Dear Reader: Is it time for your organization to diversify into bioscience real estate? We think so – and we already have. In March 2006, we launched a publication called Bioscience Real Estate Insights™. BREI™ is modeled after Healthcare Real […]
Market Focus: Seattle (June 2007)
Sunny days for Seattle’s med real estate KEY CITY’S HEALTHCARE INDUSTRY SEES MAJOR BUILDING BOOM OF $1 BILLION By Beth Mattson-Teig The volume of healthcare construction in the Seattle metro area is staggering, with more than $1 billion in construction projects recently completed, under way or planned. Virtually every major healthcare institution in […]
Inpatient Projects (June 2007)
Post-Katrina building boom in Louisiana BESIDES REPAIRS, HOSPITALS ARE ACCELERATING PREVIOUSLY PLANNED EXPANSIONS By John Mugford Following Hurricane Katrina in 2005, Louisiana has been marked by difficult financial times, a redistribution of the New Orleans’ populace, and a somewhat surprising boom in hospital projects. As LSU Healthcare Services officials debate how to proceed […]
Industry Pulse (June 2007)
SANTA CLARITA, Calif. – With controversy swirling among residents and local officials over the size of its planned expansion, 230-bed Henry Mayo Newhall Memorial Hospital in Santa Clarita has scaled back its 20-year master plan. The hospital’s latest plan calls for doubling the size of the 330,000 square foot medical complex. The 20-year buildout […]
Companies (June 2007)
Granite Partners moves to senior sector MARKETER OF MOBs HIRES INDUSTRY VETERAN TO LEAD FIRM’S NEW ENDEAVOR By John Mugford New York — Granite Partners, LLC, a New York-based real estate investment banking firm that in recent years began marketing medical office buildings (MOBs) for clients, recently announced that it is planning to expand into […]
