Editor’s Letter: New year, new ideas
IT’S TIME TO TAKE THE PLUNGE WITH CHANGES By John B. Mugford Dear Reader: Think of me on the morning of Jan. 1. No, I won’t be nursing a hangover. Instead, I’ll be jumping into the frigid waters of Lake Minnetonka through a hole cut in the ice. I’ll be joining about 1,000 other crazy […]
Companies: Medical Center of Princeton tops out
RMJM DESIGNS $441.7 MILLION HOSPITAL; TURNER IS CONSTRUCTION MANAGER By John Mugford The designers and construction manager of the future and massive University Medical Center of Princeton at Plainsboro (UMCPP), N.J., recently held a topping off ceremony to mark the completion of construction on the steel frame for the future $441.7 million hospital. The architectural […]
Inpatient Projects: Florida grants CON for HCA hospital
MEDICAL CENTER COSTING MORE THAN $100 MILLION SLATED FOR JACKSONVILLE By John Mugford Nashville, Tenn.-based HCA Inc., the country’s largest privately held hospital company, recently received the go ahead from the state of Florida to build a new hospital on the west side of Jacksonville. The Florida Agency for Health Care Administration granted the Certificate […]
Outpatient Projects: Caddis’s latest Texas MOB under way
FUTURE 110,000 S.F. FACILITY SLATED FOR SOUTH ARLINGTON MEDICAL DISTRICT By John Mugford Outside of the Metroplex in North Texas, Dallas-based Caddis Partners LLC might not be a big name when it comes to the development of medical office buildings (MOBs). But in the Dallas area, Caddis has become quite a significant player, as it […]
Transactions: Healthcare Trust remains acquisitive
REIT WOULD BUY THREE MOBS AND LTAC; IT ALSO CLOSES ON A FIRST MORTGAGE By John Mugford Last month, we reported that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) had entered agreements to acquire 16 medical office buildings (MOBs) in the Phoenix area as well as three other MOBs in other states. In recent […]
Capital Markets Snapshot: Unscientific prediction: 2010 rebound
IF WHAT’S HAPPENING AT HREI™ IS ANY INDICATION, NEXT YEAR WILL BE BETTER By Murray W. Wolf Although they still graciously provided the financial data below, our friends at Cain Brothers & Co. are taking a well-deserved rest from writing the Capital Markets Snapshot narrative this month. So it falls to the Healthcare Real Estate […]
Special Report: ‘10 brings hope, concern
MOB SALES WILL RISE, INDUSTRY EXPERTS AGREE By John Mugford As we head into 2010, there is certainly cause for optimism among some of the best-known people and companies involved in healthcare real estate. Many are predicting an uptick in medical office sales as the economy stabilizes and certain investors look for safe sectors in […]
News & Analysis: REIT makes $62.5M buy
VENTAS CLOSES ON THREE-BUILDING ACQUISITION By John Mugford At a couple of recent conferences and meetings focusing on healthcare real estate, Vincent M. “Vince” Cozzi, the managing director of acquisitions for Chicago-based Ventas Inc. (NYSE: VTR), made it clear that just because the company has plenty of cash on hand, it is not feeling any […]
Industry Pulse: December 2009
HOUSTON – Timeshares are often thought of as places for once-a-year getaways to sunny Mazatlan or the ski slopes of Vail. But Houston-based Memorial Hermann Hospital System has come up with a new wrinkle for the timeshare concept, and it’s designed to lure more primary care doctors to its campus in the vast Texas Medical […]