Editor’s Letter: The ‘greatest’ time
DEALS HAVE DWINDLED, BUT IS A BOOM AHEAD? By John B. Mugford Dear Reader: You might have turned to Page 3 of this month’s publication only to find that someone stole our Transactions report. Actually, for the first time since the founding of our newsletter – or at least as far as we can remember […]
Special Report: Lillibridge foresees monetization boom
‘THIS IS THE GREATEST TIME IN THE HISTORY OF THIS BUSINESS,’ HE CONTENDS By Murray W. Wolf Medical office building (MOB) sales sank to about $180 million during the first quarter (Q1) of this year – barely a tenth of the total during the market’s historic peak of $1.61 billion during Q1 2007. Credit remains […]
Special Focus: Stressed office owners look to medical
BUT REPOSITIONING AN ORDINARY BUILDING AS AN MOB ISN’T EASY, EXPERTS WARN By Murray W. Wolf Mainstream office vacancy rates are rising at a time when medical office space is largely holding its own. This has prompted some traditional office landlords to consider the idea of repositioning their assets as medical office buildings (MOBs). But […]
Marketing & Leasing: Brokers get creative as leasing slows
INTERFACE MEDICAL OFFICE SEMINAR PANELISTS SHARE ADVICE, OBSERVATIONS By Murray W. Wolf Medical office leasing slowed dramatically during the past several months as physicians, hospitals and health systems hunkered down in response to the recession. So what is happening in the market today, and how can brokers cope? That was the emphasis of a panel […]
People: Lillibridge promotes eight employees
MONTGOMERY, FENDRICH BECOME EXECUTIVE VPs; SIX OTHERS ALSO MOVE UP Staff Reports Chicago-based Lillibridge, a private healthcare real estate firm, recently announced promotions in its offices in Chicago, Dallas, Atlanta and Denver. John Montgomery was recently promoted from a position as senior vice president (SVP) to that of executive vice president (EVP). He now heads […]
Companies: Hoar completes projects in Alabama
BIRMINGHAM-BASED CONTRACTOR FINISHES PROJECTS IN GLADSDEN, FAIRHOPE Staff Reports Birmingham, Ala. -based Hoar Construction LLC recently completed expansions at two hospitals in Alabama. The general contractor completed the 60,000 square foot Centennial Tower project at Gadsden Regional Medical Center in Gadsden, Ala. The project included a relocation and centralization of the hospital’s critical care units […]
Inpatient Projects: Hawaii grants CON for Honolulu plan
$36.3 MILLION KAPIOLANI EXPANSION WOULD START IN 2013, BE COMPLETE BY 2016 By John Mugford Rising demand for services prompted Kapiolani Medical Center for Women & Children earlier this year to propose a $36.3 million expansion of its neonatal and pediatric intensive care units (ICUs) in Honolulu. Recently, the state of Hawaii agreed that the […]
Outpatient Projects: Ground broken on MOB in Kyle, Texas
BREMNERDUKE DEVELOPING 96,829 SF FACILITY ON NEW SETON HAYS CAMPUS By John Mugford When Indianapolis-based BremnerDuke Healthcare Real Estate opened its South region office in Dallas in the summer of 2007, it was looking to bring in more business in that area of the country. So far so good, as BremnerDuke has landed at least […]
Capital Markets Snapshot: Capital markets look to be warming
LIBOR-OIS SPREAD CONTINUES TO IMPROVE; CREDIT SPREADS ARE NARROWING As spring moves into summer, the thaw in the credit markets appears to be accelerating. Expectations of economic improvement by mid- to late-2009, the government’s aggressive fiscal and monetary policies, improved access to capital by the financial sector, and strong core earnings by the banking sector […]
News & Analysis: $154M Baylor deal done
NOW DUKE SEEKS JV FOR ANOTHER 1.9 MILLION SF By John Mugford Now that Duke Realty Corp. (NYSE: DRE) has found an equity partner for its massive Baylor Cancer Center project, the firm is seeking a joint venture (JV) investor for 19 additional healthcare properties totaling more than 1.9 million square feet. That’s according to […]
Productions: No MOB turnaround yet
Q1 SALES SANK, BUT SOME SAY A REBOUND IS NEAR By John Mugford As the recession took hold in 2008 and slowed the healthcare real estate sector, some industry veterans speculated that one aspect of the business – the sales of medical office buildings (MOBs) – would begin showing signs of a comeback in the […]
Industry Pulse: May 2009
SILICON VALLEY, Calif. – Silicon Valley has long been known as a hotbed of high-tech. Now it is looked upon as a place where hospital beds are being built despite the recession. A recent study by the California Hospital Association indicates that 41 percent of the state’s hospitals have halted construction projects or major equipment […]
