POSTPONED OHIO PROJECT IN BACK ON TRACK
By John B. Mugford
I really hope that a report out of Dayton, Ohio, is the sign of better times to come for healthcare and healthcare real estate projects.
Not that healthcare real estate has suffered like other sectors, especially retail, general office and industrial.
In fact, at the recent BOMA 2009 Medical Office Buildings and Healthcare Facilities Conference in Philadelphia, attendees were often reminded of how fortunate they are to be in the MOB sector instead of others.
Even so, things could be better, as everyone knows. But the report that caught my eye and gave me hope comes from Dayton-based Kettering Health Network, which currently has six hospitals in the Dayton area. The network recently announced that it is moving forward with plans for a seventh hospital, a $75 million to $100 million facility in growing Greene County, in the eastern suburbs.
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