Editor’s Letter: More for reform
LOVE HIM OR HATE HIM, TED K. WAS A KEY PLAYER By John B. Mugford Dear Reader: Whether you agreed with the political leanings of one of the country’s iconic political figures, Edward M. “Ted” Kennedy, or not, his recent passing could have an effect on our industry. It will be interesting to see what […]
Special Report: Are there distressed med properties?
NOT MANY, BUT BOMA PANEL SAYS INVESTORS STILL MIGHT FIND OPPORTUNITIES By John Mugford Today’s economic environment is placing plenty of financial pressure on the owners of commercial properties, including some who own medical office buildings (MOBs). But this pressure has not necessarily led to many distressed properties in the MOB sector. Even so, the […]
Special Report: What to do when you can’t build new?
BOMA PANELISTS SHARE STRATEGIES FOR MAKING DUE WITH EXISTING SPACE By Murray W. Wolf What’s a developer or hospital system to do when there’s a need for more outpatient space but capital is unavailable? That was the question posed to a group of panelists June 26 during the 2009 Medical Office Buildings (MOBs) and Healthcare […]
Companies: Health Care REIT Inc. to plan projects
SENIOR LIVING AND MED OFFICES ON LONG ISLAND, N.Y., WOULD TOTAL $1 BILLION By John Mugford Toledo-based Health Care REIT Inc. was recently named as the master developer on one of the largest development opportunities in Nassau County, N.Y. The REIT landed the contract to spearhead the development of East Meadow, N.Y.-based Nassau Health Care […]
Inpatient Projects: UNC Health Care seeks $227M facility
HILLSBOROUGH HOSPITAL WOULD EASE CROWDING AT CAMPUS IN CHAPEL HILL By John Mugford As UNC Health Care seeks to fulfill its mission of providing medical services, it faces a major obstacle at its main hospital on the campus of the University of North Carolina in Chapel Hill: overcrowding. Add to that the fact that the […]
Outpatient Projects: New $39M MOB under way in Orlando
THE DOWNTOWN OUTPATIENT BUILDING IS SLATED FOR SITE NEAR M.D. ANDERSON By John Mugford Orlando Health’s massive concentration of medical facilities in downtown Orlando, Fla., is about to get even bigger. Construction began in recent weeks on a new $39 million medical office building (MOB) that would be located just north of the M.D. Anderson […]
Transactions: Landmark acquires Arkansas portfolio
MILWAUKEE-BASED OWNER AND DEVELOPER GETS FOUR MOBs FOR $15 MILLION By John Mugford It was in 2004 when Milwaukee-based Landmark Healthcare Facilities, previously a third-party developer, started an entity to own medical properties. Since then, Landmark Healthcare Properties LLC has accumulated a portfolio of more than 20 assets that it has acquired and developed. As […]
Capital Market Snapshot: Stable? Sure, but not out of the woods
AS FED CHAIRMAN BERNANKE ENTERS SECOND TERM, WE STILL FACE MANY RISKS As summer 2009 winds to an end, a tentative stability has returned to our capital markets as evidenced by lower levels of stock market volatility and relatively calm short-term and long-term debt markets – at least in the lower-risk categories. Fed Chairman Bernanke, […]
Product Focus: MOB activity picking up?
BROKERS SAY THINGS ARE HAPPENING, STATS DON’T By John Mugford For the second straight quarter, sales volume nationwide for medical office building (MOB) remained in the tank – at least compared to what they were from 2005 to 2008. According to statistics from New York-based Real Capital Analytics (RCA) Inc., which tracks commercial real estate […]
News & Analysis: REIT nabs $161.6M deal
SELLER IS AA-RATED SOUTH CAROLINA SYSTEM By John Mugford Finally, a headliner of a transaction in the medical office building (MOB) market. In what should prove to be one of the biggest – if not the biggest – MOB transactions of 2009, Grubb & Ellis Healthcare REIT Inc. announced July 15 that it has agreed […]
Industry Pulse: August 2009
DALLAS – Good news for folks in Dallas. Not only are they getting delivery of a spanking new Parkland Hospital in 2014, but they’re going to pay less in taxes for it. That’s because the public health system that owns and operates the massive hospital recently received AAA credit ratings from both Fitch and Standard […]
