Editor’s Letter: Meetings rife with info
BOARD MEETING, REALSHARE DELIVER THE GOODS By John B Mugford Dear Reader: Wow, the weather and the golf were outstanding during my recent visit to Dallas in mid-November. Even so, I must acknowledge that the healthcare real estate meetings we attended that week were even better – and believe me, this is not easy for […]
Company Profile: ProMed is sticking to a familiar model
GAZIT SAYS THAT WHAT WORKS FOR RETAIL AND SENIORS WILL WORK FOR MOBs By Murray W. Wolf Can lightning strike a third time for the giant Israeli real estate investment trust (REIT) Gazit-Globe Ltd.? As of September, Gazit Globe (Tel Aviv Stock Exchange: GLOB) and its subsidiaries owned 656 properties totaling 5.6 million square feet […]
Q&A: Rendina Cos. looks to be back on track
A BLEND OF NEW AND VETERAN EXECUTIVES HAVE REFILLED THE FIRM’S PIPELINE By Murray W. Wolf You might recall that Rendina Cos. sold about 28 properties to Windrose Medical Properties in 2005. At the time, it appeared simply to be a case of a savvy healthcare real estate development firm capitalizing on a run-up in […]
People: Seavest brings John Winer on board
HEALTHCARE R.E. VETERAN HELPING FIRM RAISE FUNDS, INVEST IN MED PROJECTS By John Mugford As Seavest Inc. went about its business of investing in and partnering with firms in the development of medical office buildings (MOBs) in recent years, a pattern started to emerge when challenges arose. Douglas F. Ray, president of the White Plains, […]
Companies: Large Phoenix MOB developers merge
THE NEW ENTITY, ENSEMBLE DEVMAN OF ARIZONA, HAS 8 PROJECTS IN PIPELINE By John Mugford It looks as if the merged entity of two Phoenix-based full-service medical real estate firms is off to a big start. In fact, the newly formed Ensemble DevMan of Arizona has eight projects in various stages of the pipeline that […]
Outpatient Projects: Sutter looking to build ASC in Elk Grove
COMPETITION IS HEATING UP IN GROWING, BUT FORECLOSURE-WRACKED, TOWN Staff Reports The possible development of a surgery center in Elk Grove, Calif., located south of Sacramento, could lead to the eventual development of a $200 million medical campus for Northern California healthcare giant Sutter Health. Sacramento-based Sutter is aiming toward a 2010 opening for its […]
Transactions: Noyack buys NYC MOB condo for $675 PSF
CEO SAYS FIRM IS STILL SEARCHING FOR, AND BUYING, MEDICAL OFFICE ASSETS By John Mugford Twelve to eighteen months ago, a medical office building (MOB) transaction usually needed to total $20 million or more to make it into the pages of this Transactions section of Healthcare Real Estate Insights™. We simply didn’t have space to […]
Capital Market Snapshot: Improvements could come in early ‘09
RECOVERY OF MEDIUM- AND LONG-TERM CREDIT MARKETS COULD TAKE LONGER The conditions in the capital markets have not changed appreciably in the past month. The initial enthusiasm surrounding the election of President-elect Barack Obama has been tempered by a growing body of evidence that suggests we are in the early stages of a global recession. […]
Product Focus: Q3 MOB sales take a hit
RECESSION-RESISTANT, BUT NOT RECESSION-PROOF By John Mugford There’s been a lot of talk recently that healthcare, and subsequently healthcare real estate, is recession-proof. Several medical real estate veterans, however, would like to clarify that statement. They would like others in the industry, as well as those looking to get involved in the space, to know […]
News & Analysis: Carolinas to sell 15 MOBs
HR TRUST AGREES TO BUY PORTFOLIO FOR $162M By John Mugford There’s an interesting, potential silver lining type of irony taking place in healthcare real estate right now. At a time when the volume of medical office building (MOB) transactions is taking a hit because of the economic slowdown and tight capital markets (please see […]
Industry Pulse: November 2008
CALIFORNIA – On Nov. 4, voters across the country chose Barack Obama as their next president, and in California voters approved Proposition 3, a huge measure that will provide $980 million for capital improvements at children’s hospitals across the state. The measure provides funding for construction projects, expansions and renovations at eight not-for-profit children’s hospitals […]
