Transactions (April 2008)
Grubb & Ellis makes more MOB buys HEALTHCARE REIT BUYS THREE MORE MOBs, PORTFOLIO OF SENIOR FACILITIES By John Mugford We’ve written this quite a few times in recent months, but Grubb & Ellis Healthcare REIT is continuing with its prolific pace of buying medical office buildings (MOBs) and other healthcare properties. In the past […]
Project Case Study: Senior Focus (April 2008)
ASL makes entry to independent living DEVELOPER, OWNER HAS THREE PROJECTS WITH 521 UNITS UNDER WAY IN CALIFORNIA By Dan Emerson Santa Ana, Calif.-based American Senior Living (ASL) has targeted three California cities whose age and income demographics make them fertile ground for independent living communities: Tarzana and Tustin, near Los Angeles, and Daly City, […]
Product Focus: Senior Living (April 2008)
Senior sector weathers housing turmoil A LOOK AT NEW DEVELOPMENT, DIVERSIFICATION STRATEGIES, AND CAPITAL MARKETS Editor’s note: This is the second story in our two-part series examining the senior living sector, which was one of the bright spots of the commercial real estate industry in 2007. The coverage provides a look at the issues discussed […]
Outpatient Projects (April 2008)
PMB tees up large MOB in Pasadena PASADENA, Calif. – San Diego-based Pacific Medical Buildings (PMB) recently started construction on its largest-ever medical office building (MOB), the 190,000 square foot Huntington Pavilion in Pasadena. The facility, which is slated for completion in early 2009, will include outpatient surgery, imaging, and a variety of cancer services […]
Inpatient Projects (April 2008)
Alabama hospital eyes $316M project TRINITY MEDICAL CENTER AWAITS STATE APPROVAL FOR REPLACEMENT HOSPITAL By Dan Emerson Trinity Medical Center of Birmingham is seeking state approval to build a 454-bed, $316 million replacement hospital in the nearby suburb of Irondale, Ala., near U.S. Interstate 459. In recent weeks, an administrative law judge recommended that the […]
Industry Pulse (April 2008)
HOUSTON – Construction is set to begin this month on the $300 million Methodist West Houston Hospital. The future hospital, which is part of Houston-based Methodist Hospital System, is being built in the growing suburb of Katy, Texas, in the far western part of the metropolitan area. Plans call for a 500,000 square foot, six-story […]
Companies (April 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Transactions (March 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Q&A: Frank Spencer (March 2008)
Frank Spencer speaks ACQUSITION OF MARSHALL ERDMAN HAS THIS CEO GIDDY By John Mugford There’s plenty of talk – and actually quite a bit of action – in the healthcare real estate industry concerning consolidation, be it in the form of mergers or joint venture partnerships. The idea is to mix and match firms that […]
Publisher’s Letter (March 2008)
Still high on healthcare THIS ECXTOR ROLLS ON AMID THE GENERAL SLOWDOWN Dear Reader: As a journalist, I was trained to be highly suspicious of absolutes. If anyone makes a definitive statement – that something is “always” this or “never” that – it sets off my hyperbole warning system. So when I hear some healthcare […]
Product Focus: Senior Living (March 2008)
Nervousness builds in senior sector BUT SOME FIRMS, SUCH AS REITs, ARE DIVERSIFYING AND FINDING OPPORTUNITIES By Dan Emerson How will the recent turmoil in the credit markets and a slowing economy impact investment in senior housing and healthcare in the months ahead? That was a dominant, “big picture” question recently at the 2008 Stifel […]
Outpatient Projects (March 2008)
MOB still key to project in Norfolk, Va. EVEN THOUGH PLANS ARE SCALED BACK, MEDICAL OFFICES ARE LEFT INTACT By John Mugford There’s a fine example in Norfolk, Va., of how healthcare is considered less prone to economic downturns than other industries. Dr. Keith H. Newby, the developer of the future Fort Norfolk Plaza commercial […]
News and Analysis (March 2008)
Lillibridge looks for partner(s) FIRM LOOKS TO RECAPITZALIZE ITS MASSIVE PORTFOLIO By John Mugford During the past several weeks, Healthcare Real Estate Insights™ has learned from several sources involved in healthcare real estate that Chicago-based Lillibridge is in the process of looking for new capital partners, or a partner, to invest in its large portfolio […]
Inpatient Projects (March 2008)
Albany hospital proposes $360M project BED CAPACITY AT NEW YORK HOSPITAL WOULD INCREASE TO 747 FROM 631 BY 2012 By John Mugford Demand for medical services is booming in and around Albany, N.Y., where one hospital is in the process of a $250 million expansion and another has submitted plans to the state for a […]
Industry Pulse (March 2008)
CHARLOTTE, N.C. – Charlotte-based Carolinas HealthCare System is certainly a big provider, with its 22 hospitals, 200 locations and 5,000 licensed beds throughout North and South Carolina. And now the system is about to embark on its biggest construction project ever. Carolinas received the green light from North Carolina officials in late February to proceed […]
