Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on […]
Publisher’s Letter: How to reform
SEVERAL PROVISIONS NEED MAJOR REVISIONS By Murray W. Wolf Dear Reader: Last month, I said that the Patient Protection and Affordable Care Act should be repealed. My position stands. But even if repeal doesn’t happen, then most of the individual provisions of healthcare reform should be repealed or de-funded. Here is where I’d start: Get […]
People: Dev Gregg joins HREI™ editorial board
COGDELL SPENCER EXECUTIVE ADDS ANOTHER REIT VOICE TO ADVISORY GROUP By Murray W. Wolf Devereaux A. “Dev” Gregg, Senior VP – Development for Cogdell Spencer Erdman, has been selected to join the Healthcare Real Estate Insights™ Editorial Advisory Board. “We have several other board members who are executives with healthcare real estate investment trusts (REITs),” […]
Companies: Pacific Med lands first hospital project
103-BED TEXAS FACILITY COULD BE START OF MORE INPATIENT PROJECTS FOR PMB By John Mugford San Diego-based Pacific Medical Buildings (PMB) has been one of the most prolific medical office building (MOB) developers on the West Coast for nearly four decades. Over the years, PMB has certainly spread its wings, landing MOB development deals up […]
Inpatient Projects: Massive campus remake in San Diego
$2 BILLION, 25-YEAR PROGRAM AT SCRIPPS WOULD TRANSFORM FIVE CAMPUSES By John Mugford Quite a few hospitals in the San Diego metropolitan area have recently completed, started or started to plan for some large construction projects. In fact, most of the major healthcare players in the region – such as Sharp HealthCare, Kaiser Permanente, UCSD […]
Outpatient Projects: Boston firm plans $60M redevelopment
MOB, CLINIC IN BOSTON’S MISSION HILL WOULD PROVIDE 83,000 SQUARE FEET By John Mugford A two-story concrete structure at 800 Huntington Ave. in the Mission Hill area of Boston isn’t much to look at. In fact, the 50-year-old building is a bit of an eyesore, even though it houses several doctors and a blood lab. […]
Transactions: Seavest makes buys in Alabama, Conn.
ACQUISITIONS MARK THE FIRST FOR COMPANY SINCE 2008; MORE ARE IN PIPELINE By John Mugford On the surface, it might have looked as if White Plains, N.Y.-based Seavest Inc. laid low during the throes of the recession and the constrained capital market, waiting for better times and more opportunities to invest in medical office building […]
Plaza Companies Expands Presence in Tucson Marketplace
Plaza Companies Expands Presence in Tucson Marketplace Plaza Companies, a leader in the senior living and medical office marketplace in Arizona, is expanding its presence in the Tucson area and opening a new Tucson office. Opening Tucson Office to Serve Local Medical Office Properties; Hires Experienced Leasing Director for Area Portfolio TUCSON, Arizona (December 6, 2010) […]
Transactions: Lillibridge makes buy under Ventas
COMPANY SPENDS $36.6 MILLION FOR FIVE ON-CAMPUS MOBs IN WISCONSIN By John Mugford When well-capitalized Chicago-based Ventas Inc. (NYSE: VTR) acquired its down-the-street neighbor, Lillibridge Healthcare Services Inc., earlier in 2010, an executive with the publicly traded real estate investment trust (REIT) said there would likely be some medical office building (MOB) acquisitions in the […]
Capital Markets Snapshot: Capital should be more plentiful in ‘11
WHETHER PUBLIC OR PRIVATE, DEBT OR EQUITY, FINANCING WILL BE EASIER TO GET By Murray W. Wolf Tis the season for predictions regarding the year ahead and, increasingly, the pundits have been optimistic. Admittedly, we are still plagued by policy uncertainty, a fragile economic recovery and skittish investors. And although the effects were muted in […]
People: Now that’s a road trip
CHRIS BODNAR MAY BE COMING TO A CITY NEAR YOU By John Mugford Traveling is certainly a big part of the job for numerous professionals involved in healthcare real estate. For many executives, keeping current clients happy, as well as attracting new business, translates into plenty of days spent on airplanes, in hotels and in […]
Special Report: Capitalizing on change
ADAPT FOR SUCCESS, HREI™ EDIT BOARD ADVISES By John Mugford If there is one certainty on the healthcare real estate horizon, it is uncertainty. And for that matter, change. Uncertainty about whether certain aspects of the Patient Protection and Affordable Care Act of 2010 – better known as the healthcare reform law – will be […]
Industry Pulse: December 2010
TYLER, Texas – The Obama administration has endured plenty of backlash over the passage of healthcare reform, with numerous states filing lawsuits against the federal government in an effort to repeal the law. In addition,a whole slew of Republican congressional hopefuls ran on a platform of overturning the law. For the companies and professionals involved […]
LaSalle Group breaks ground for Tulsa assisted living facility
THE LASALLE GROUP, inc. MOVES INTO NEW TERRITORY OPENING ITS unique brand of SPECIALIZED MEMORY CARE communities IN THE TULSA MARKETLeading Real Estate Developer Constructs State-of-the-Art Facility Dedicated Specifically to Alzheimer’s and Memory Care in Tulsa, OKTulsa, OK – November 29, 2010 – Dallas-based developer The LaSalle Group, Inc. is breaking ground on its first […]
Publisher’s Letter: Repeal health reform
WE CAN’T AFFORD IT, GOVERNMENT CAN’T RUN IT By Murray W. Wolf Dear Reader: It is time to repeal the fundamentally flawed Patient Protection and Affordable Care Act, alias healthcare reform. Admittedly, repeal is unlikely. Although the GOP now controls the House, the Democrats still control the Senate and President Obama still has veto power. […]