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Editor’s Letter: We’ll see you in Philly

Editor’s Letter: We’ll see you in Philly

BOMA MOB CONFERENCE IS SURE TO BE TIMELY By John B. Mugford Dear Reader: As the deadline for this issue approached, we at Healthcare Real Estate Insights™ were preparing for our annual trip to BOMA International’s Medical Office Buildings and Healthcare Facilities Conference in Philadelphia, June 24-26. We couldn’t look forward to it any more. […]

Companies: JLL nabs 700K SF management deal

ALEXIAN BROTHERS’ PORTFOLIO INCLUDES 50 PROPERTIES IN CHICAGO SUBURBS By John Mugford Chicago-based Jones Lang LaSalle (JLL) recently entered into a contract with Arlington Heights, Ill.-based Alexian Brothers Health System to provide property management services for the provider’s 700,000 square foot medical office building (MOB) portfolio. The portfolio comprises 50 properties throughout the northwestern suburbs […]

Nicholas Bonrepos

Provider Perspective: Why health systems monetize MOBs

TENET HEALTHCARE VP SAYS RESOURCES ARE BEST SPENT ON CORE BUSINESS By John Mugford When a top officer with Dallas-based Tenet Healthcare Corp. talked about his company’s relationship with its ancillary real estate, his explanation probably would have been a bit confusing to someone not involved in the medical space. After all, Nicholas Bonrepos, the […]

Brett M. Hickman
Photo courtesy of InterFace

Special Reports: Consultant sees ‘a whole new boom’

HEALTHCARE REFORM WILL FORCE REBUILDING OF INFRASTRUCTURE, HE PREDICTS By Murray W. Wolf The U.S. healthcare system is “broken” and efforts to fix it will create “a whole new boom” in healthcare real estate. That was one of the key messages conveyed by the keynote speaker during the recent InterFace Medical Office conference in Chicago. […]

Transactions: Knoxville MOB part of two-asset sale

PARKSIDE PLAZA REPORTEDLY SOLD FOR $267 PSF TO LLC THAT INCLUDES A TIC Staff Reports Earlier this year, the two-building Parkside Plaza at Turkey Creek office complex in a suburb of Knoxville, Tenn., was sold in a deal valued at more than $40 million, according to a recent news release from NAI Knoxville. The brokerage […]

Outpatient Projects: MOB in Aliso Viejo to be eco-friendly

20,000 SF PROJECT WOULD ADD TO MARKET WITH 7.8 PERCENT MOB VACANCY RATE By John Mugford The only medical office building currently being planned in Aliso Viejo, Calif., located in Orange County, is a two-story, 20,000 square foot facility called Two Journey Medical Plaza. The project, which is being billed as “eco-friendly,” received city approval […]

Inpatient Projects: $430M replacement starts east of L.A.

KAISER’S FONTANA HOSPITAL BEING BUILT TO MEET TOUGHER QUAKE GUIDELINES By John Mugford Kaiser Permanente recently began construction on a new 314-bed replacement hospital in Fontana, Calif., located about 25 miles east of Los Angeles. A groundbreaking was held in May for the new hospital, which would have 481,000 square feet of space and be […]

Capital Markets Snapshot: Not out of the woods, but near bottom

CAPITAL MARKET CONDITIONS ARE BECOMING MORE CONSISTENT WITH HISTORY While we are not yet out of the woods, the consensus view is that we are near or at the bottom of this severe economic contraction. Most economists eschew the prospects of a V-shaped recovery but foresee very slow improvement from the newly established base level […]

This is what University Hospital in the South Texas Medical Center would
look like after an expansion and renovation costing more than $770 million.
Rendering courtesy of University Health System

Market Focus: Bucking the recession

HEALTHCARE HELPS KEEP SAN ANTONIO HUMMING By John Mugford What recession? Sure, there are signs that the weak economy is affecting San Antonio, as most business people in SA-Town will tell you. For example, the construction of speculative general office buildings has slowed considerably, and probably will continue to be slow until demand catches up […]

From left to right: Vince Cozzi, Todd Varney, Gina Weldy and Chris Bodnar
shared their perspectives on current issues in healthcare real estate.
Photo courtesy of InterFace Conference Group

Special Report: Proceed with caution

WHAT CONSTITUTES A ‘GOOD’ DEAL IN THIS MARKET? By Murray W. Wolf In this difficult economy, deal-hungry healthcare real estate developers and investors might be tempted to consider just about any opportunity that comes down the pike. But that makes it all the more important for them to remain objective and disciplined, and to temper […]

Industry Pulse: June 2009

SAN FRANCISCO – Healthcare Real Estate Insights™ recently had an interesting conversation with the president of the New Century Healthcare Institute, which is based in San Francisco. Wanda Jones, often referred to as a healthcare futurist, is currently advocating a plan for rebuilding the state’s healthcare facilities that goes against the current conventional wisdom. As […]