Editor’s Letter (September 2007)
Credit crunch? You tell us HAS THE SUBPRIME MESS AFFECTED YOUR BUSINESS? Dear Reader: We’d like to get a little more interactive with our readers this month. On Page 1 of this edition we’ve published a story concerning the current credit crunch in commercial real estate, including healthcare real estate. The general consensus of the […]
Company News: Granite Acquired (September 2007)
The new name is: Savills Granite LLC LONDON-BASED REAL ESTATE FIRM ACQUIRES GRANITE PARTNERS FOR $54 MILLION By John Mugford Ever since its founding in 1996, New York-based Granite Partners LLC has been well-connected to the capital markets and has executed more than $21 billion worth of commercial real estate transactions – many involving large […]
Transactions (August 2007)
Montecito makes three more buys TWO OF THE ACQUISITIONS ARE PART OF JOINT VENTURE WITH ING CLARION By John Mugford Santa Barbara, Calif.-based Montecito Medical Investment Company (MMIC) is continuing its strong run of acquiring medical facilities, and along the way the company is entering new markets. Montecito closed on three more acquisitions in […]
Special Report: BOMA Capital Markets (August 2007)
Interesting times for investing CAPITAL MARKETS EXPLORED AT BOMA CONFERENCE By John Mugford The high-paced, high-priced medical office building (MOB) investment environment of recent years might be in for a bit of a lull – nothing drastic, just a period of adjustment as sellers and buyers find a common ground during a period of […]
Special Report: BOMA Capital Markets (August 2007)
Interesting times for investing CAPITAL MARKETS EXPLORED AT BOMA CONFERENCE By John Mugford The high-paced, high-priced medical office building (MOB) investment environment of recent years might be in for a bit of a lull – nothing drastic, just a period of adjustment as sellers and buyers find a common ground during a period of […]
Company Profile: Health Development Partners (August 2007)
Montana project moves mountains ‘NECESSARY PROVIDER’ RELOCATES AND STILL RECEIVES $29.25M FHA LOAN By Sonja Pedersen-Green The new, $30 million North Valley Hospital (NVH) is up and running quite nicely, thank you, in Whitefish, Mont., a growing city in an area rife with outdoor recreational opportunities and ski resorts. But the building of the […]
Outpatient Projects (August 2007)
South Texas Med Center keeps growing OAKS DEVELOPMENT OF N.C. PLANS 105,000 SQUARE FOOT MOB IN SAN ANTONIO By John Mugford The growing South Texas Medical Center (STMC) in San Antonio, Texas, is attracting a new player: Cary, N.C.-based Oaks Development Group. Oaks Development, which recently announced that it is planning a three-story, 105,000 […]
Inpatient Projects (August 2007)
$240M project approved at Sequoia HOSPITAL IN REDWOOD CITY, CALIF., PLANNING 148,000 S.F. PAVILION, GARAGE By Sonja Pederson-Green REDWOOD CITY, Calif. – Sequoia Hospital in Redwood City recently received the green light from the City Council to proceed with major renovations. The $240 million plan includes the construction of a new 148,000 square […]
Industry Pulse (August 2007)
HOUSTON – The trouble doesn’t seem to be over for the former physician-owned Town & Country Hospital in Houston. Recently, doctors leaving a medical office building (MOB) on the campus filed two lawsuits against Houston-based Memorial Hermann Healthcare System, which acquired the hospital and MOB in early 2007 from Medical Properties Trust Inc. (NYSE: MPW), […]
Editor’s Note (August 2007)
Bad analogy: Shrimp & R.E. HEALTHCARE INDUSTRY’S GROWTH HAS BEEN REMARKABLE Dear Reader: I bit the head off of a huge shrimp while in New York City last month for the BOMA International 2007 Medical Office Building and Healthcare Facilities Seminar. While having dinner at a great restaurant – an event that was hosted by […]
Editor’s Note (August 2007)
Bad analogy: Shrimp & R.E. HEALTHCARE INDUSTRY’S GROWTH HAS BEEN REMARKABLE Dear Reader: I bit the head off of a huge shrimp while in New York City last month for the BOMA International 2007 Medical Office Building and Healthcare Facilities Seminar. While having dinner at a great restaurant – an event that was hosted by […]
Inpatient Projects: No more regulatory agency in Illinois?
STATE LAWMAKERS TO DECIDE FATE OF HEALTH FACILITIES BOARD BY APRIL 1 By John Mugford April Fools Day could mark a new era for healthcare construction in Illinois. That’s because by April 1, the Illinois Legislature is scheduled to decide whether to dissolve the Illinois Health Facilities Planning Board (IHFPB). The board has controlled healthcare […]
Market Focus: Atlanta (July 2007)
Humming with healthcare ‘DOUBLE WHAMMY’ KEEPS ATLANTA MARKET HOPPING By Jessica Griffith A one-two demographic punch is keeping Atlanta’s demand for healthcare ahead of its supply. “We’ve got a double whammy going on,” says Thomas W. Tift III, president and CEO of Atlanta-based HealthAmerica Realty Group. “Atlanta is growing so fast plus the […]
Inpatient Projects (July 2007)
Mercy unveils big plans in Baltimore $400 MILLION TOWER WILL ADD 672,000 SQUARE FEET TO HOSPITAL’S PRESENCE By John Mugford BALTIMORE – Mercy Medical Center in Baltimore recently announced plans to build what it is calling a state-of-the-art, $400 million patient tower in the heart of the downtown. The hospital, which is part of […]
Company Profile: Health Development Partners (July 2007)
At-risk model is at work for developer HEALTHCARE DEVELOPMENT PARTNERS GOING STRONG AT 15 YEARS, $1.6B By John Mugford It was by accident – well, sort of – that Todd Bryant got into the business of developing medical buildings two decades ago. That chance involvement led to the founding of his healthcare development firm, […]
