Companies (September 2008)
Hammes Co. to manage 1M SF project ELMHURST (ILL.) MEMORIAL HEALTHCARE IS BUILDING NEW 50-ACRE INTEGRATED CAMPUS Staff Reports Hammes Co. was recently hired by Elmhurst (Ill.) Memorial Healthcare (EMHC) as the project manager for the system’s future 259-bed, replacement acute care hospital building and two new medical office buildings (MOBs). Hammes, which is based […]
HREI Capital Markets Commentary (September 2008)
HREI Capital Markets Commentary – September Tumult! No single word better defines today’s capital markets. The severity of the challenges facing the capital markets has spiked higher with each phase. First came the lock up of the CMBS markets last summer/fall, then the seizure of the auction rate market this February, next the failure of […]
Special Report: BOMA Diagnostic View of Healthcare (September 2008)
Impact of industry trends WHAT HAPPENS IF MORE DOCS BECOME EMPLOYEES? By John Mugford What happens if most of the tenants in your medical office building (MOB) are physicians, but they become part of an apparent trend toward more physicians becoming hospital employees? That was one of the questions posed by a panel discussion at […]
Transaction (September 2008)
Baptist buys land for hospital in ‘Bama HEALTH SYSTEM PROPOSING 140-BED HOSPITAL IN HOOVER, NEAR BIRMINGHAM By John Mugford Like putting together a puzzle, Birmingham, Ala.-based Baptist Health system recently completed its third and final land acquisition needed to build its proposed 140-bed hospital in Hoover, Ala., a town of about 70,000 people. Baptist paid […]
Publisher’s Letter (September 2008)
Seeking transparency NIC SPEAKER’S CHALLENGE SEEMED FAMILIAR Dear Reader: Earlier this month, I attended the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. One of my biggest “gee whiz” moments was during the keynote speech by real estate consultant Peter D. Linneman, a professor of […]
Outpatient Projects (September 2008)
Buffalo hospital plans $102M project WOMEN’S & CHILDREN’S PLAN CALLS FOR $52M AMBULATORY CENTER By John Mugford Women & Children’s Hospital of Buffalo has waited quite a few years to proceed with its plan for a new ambulatory services center. The $52 million Class A medical office building (MOB) is slated as part of an […]
News & Analysis: Cogdell Spencer JV
Cogdell ready to roll $350M JV FORMED WITH NORTHWESTERN MUTUAL By John Mugford For Charlotte, N.C.-based Cogdell Spencer Inc., the idea behind acquiring the country’s largest healthcare design/build firm earlier this year was to fuel growth by offering additional services to clients and expanding its platform nationwide. It was in March when publicly traded Cogdell […]
Inpatient Projects (September 2008)
Carolinas system submits $264.4M CON 504,090 SQUARE FOOT PROJECT WOULD INCLUDE A NEW EIGHT-STORY PATIENT TOWER By John Mugford Carolinas Medical Center-NorthEast in Concord has submitted a Certificate of Need (CON) with the state of North Carolina for a $264.4 million expansion project. CMC-NorthEast, which is part of Charlotte-based Carolinas HealthCare System, would add 424,950 […]
Industry Pulse (September 2008)
NEW YORK – There seem to be fewer large medical office building (MOB) portfolios on the market these days, the prices of the assets that are available are relatively high, and the challenging capital environment seems to have put a bit of damper on some MOB new developments. So it’s probably not surprising that some […]
Company Profile: Buxton Healthcare ID (September 2008)
Pinpointing a location, target audience BUXTON HEALTHCARE ID USES SCIENCE TO FIND BEST SPOTS FOR MEDICAL FACILITIES By John Mugford When officials with Lehigh Valley Hospital and Health Network in eastern Pennsylvania considered locations for several new outpatient facilities, they’re instincts seemed perfectly natural: follow the new rooftops. But then one of the system’s executives […]
Transactions (August 2008)
Sanders Trust buys Wisconsin portfolio MEDICAL REAL ESTATE INVESTOR PAYS $34 MILLION FOR FIVE MOBs NEAR APPLETON By John Mugford Even in his heyday as the star quarterback for the Green Bay Packers, Bart Starr wasn’t able to throw a football the 20 or so miles from Green Bay to Appleton in northeastern Wisconsin. However, […]
People (August 2008)
Bob Stephens to lead Lillibridge’s East Coast effort CHICAGO – Chicago-based Lillibridge recently hired Bob Stephens as VP of business development for the Mid-Atlantic and Northeast regions. The hiring of Mr. Stephens is part of Lillibridge’s growth plan, according to the firm. Mr. Stephens has more than 13 years of experience in the healthcare industry […]
Outpatient Projects (August 2008)
Rendina lands four development projects LATEST CONTRACTS INDICATE THE DEVELOPER HAS NO PLANS TO SLOW DOWN By John Mugford When the Rendina Cos. of Jupiter, Fla., announced that it was selling 17 of its medical office buildings in early 2007, there was plenty of speculation in the healthcare real estate industry about the company’s future. […]
Inpatient Projects (August 2008)
Huge med site planned outside Austin REGIONAL MEDICAL CENTER AND $250M PROJECT SLATED FOR THE CITY OF LAKEWAY By John Mugford A group of doctors and developers are planning a massive hospital campus and mixed-used project in Lakeway, Texas, a city of about 9,000 people located 16 miles west of Austin. The project would entail […]
Industry Pulse (August 2008)
SEATTLE – Swedish Health Services might be the dominant healthcare provider in the Seattle environs, but four area hospitals are making a legal effort to stop the system from making further inroads in the marketplace. The hospitals have their sights set on overturning a 2007 administrative judge’s ruling that paved the way for Swedish to […]
