Editor’s Letter: ‘Despite the recession…’
U.S. RECOVERY MIGHT BE REPORTED HERE FIRST By John B. Mugford Dear Reader: We all know there’s truth to the notion that a recession can be a self-fulfilling prophecy. As the economy slows and certain sectors shed jobs, people and businesses spend less, which hurts other sectors as well. In addition, when a recession hits, […]
Sunrise avoids bankruptcy – for now
SENIOR LIVING FIRM BUYS TIME TO STRUCTURE NEW LONG-TERM FINANCING DEAL By Murray W. Wolf When a market leader like General Motors Corp. (NYSE: GM) teeters on the edge of bankruptcy, it stokes concerns about the entire automotive industry. The same might be said of the senior living business, where bankruptcy could loom for the […]
Special Report: Med developers see pent-up demand
TODAY’S LULL WILL ONLY DELAY THE INEVITABLE, CONFERENCE SPEAKERS PREDICT By Murray W. Wolf Medical real estate development and investment might be experiencing a lull in many geographic markets right now, but the healthcare sector will be busier than ever when the U.S. economic recession ends. That was the upbeat prediction made by a panel […]
Companies: Phoenix firm lands major contract
ENSEMBLE DEVMAN PROVIDES LEASING, MANAGEMENT OF 709,026 S.F. PORTFOLI Staff Reports Ensemble DevMan of Arizona was recently chosen to provide leasing, asset management and property management services for a 19-property, 709,026 square foot medical office portfolio in the West Valley of the Phoenix metropolitan area. The portfolio is owned by Sarasota, Fla.-based KRW Medical Office […]
Companies: Trammell Crow looks to new leader
JUD JACOBS GETS TOP HEALTHCARE JOB; KEVIN O’NEIL RETURNS TO PAST ROLE By Murray W. Wolf Trammell Crow Co.’s healthcare real estate business has grown from six clients in mid-2002 to more than 50 today, including a reported 124 percent increase in dollar volume in 2008, to more than $651 million. With more than 2 […]
Inpatient Projects: $400M project eyed for Inland Empire
RIVERSIDE, CALIF., HOSPITAL EXPANSION WOULD BRING BED COUNT TO NEARLY 500 By John Mugford Even though the recession has slowed the building of new inpatient and outpatient healthcare projects nationwide, industry veterans say development probably would never come to a complete standstill. That’s because there will always be special circumstances – such as new technological […]
Outpatient Projects: PMB developing MOB at California U.
FUTURE 68,000 SF FACILITY TO HOUSE THREE NEW COLLEGES IN PONOMA, CALIF. By John Mugford A three-story, 68,000 square foot facility being developed on the campus of Western University of Health Sciences in Ponoma, Calif., is slated to house three of the university’s newly formed teaching colleges. The future Patient Care Center, as Western is […]
Transactions: San Antonio MOB trades for $13.7M
NEW YORK-BASED REAL ESTATE ENTITY BUYS STONETERRA MEDICAL PLAZA By John Mugford Because potential buyers of medical office buildings (MOBs) have become more selective about their transactions in the current economy, some properties are sitting on the selling block a bit longer than they would have just a year or so ago. But eventually, professionals […]
Capital Markets Snapshot: Capital conditions improving lately
YET UNCERTAINTY CONTINUES AND NEAR-TERM MARKET VOLATILITY IS STILL LIKELY The conditions in our capital markets have improved during the past month despite continued uncertainty in the financial sector. Many banks and finance companies have begun to announce first quarter earnings and those results indicate that core lending trading profitability has been strong but that […]
Product Focus: Senior sector sees stress
BUT FUNDAMENTALS REMAIN STRONG, EXPERTS SAY By Murray W. Wolf Despite the credit freeze, the recession and the possible bankruptcy of the nation’s largest operator, industry experts insist that the prospects remain bright for the senior living sector. This is because the long-term fundamentals remain strong, they say. Even short-term, some senior living operators, such […]
News & Analysis: G&E REIT plans changes
NEW NAME AND $2.2 BILLION IN NEW EQUITY PLANNED By John Mugford One thing has been quite constant at Grubb & Ellis Healthcare REIT since it was established back in 2006, when it was known as NNN Healthcare/Office REIT: an aggressive appetite for acquiring medical office buildings (MOBs). This appetite for MOBs and other healthcare […]
Industry Pulse: April 2009
MANASSAS, Va. – When members of the Healthcare Real Estate Insights™ Editorial Advisory Board met last November in Dallas to discuss the industry, they were asked to make a few predictions about future trends in both healthcare and healthcare real estate. One prediction to emerge from the conversation – initiated by Todd Lillibridge, the CEO […]