Editor’s Letter: End of off-balance sheet?
MAYBE, BUT MEDICAL REAL ESTATE WILL ADAPT By John B. Mugford Dear Reader: Healthcare reform has grabbed most of the headlines, but another issue concerns many industry professionals: a proposed accounting rule change that would make it more difficult for hospitals to treat third-party owned, on-campus medical office buildings (MOBs) as off-balance sheet assets. The […]
Company Profile: Cornerstone corners a nice niche
INDY MED DEVELOPER MIGHT NOT BE KNOWN EVERYWHERE, BUT IT STAYS BUSY By Dan Emerson Outside of its home state, Indianapolis-based Cornerstone Cos. isn’t exactly a household name, even in the area in which it specializes: healthcare real estate. However, over the past 25 years the developer and property management firm has quietly amassed an […]
Companies: Cannon Design hired for $300M project
THE ANSCHUTZ INPATIENT PAVILION IS PLANNED FOR UNIVERSITY OF COLORADO By John Mugford St. Louis-based Cannon Design recently landed a big healthcare project, the University of Colorado’s $300 million Anschutz Inpatient Pavilion in Aurora, Colo. Canon is designing a future 200-bed tower on the 227-acre Anschutz Medical Campus, which includes health education and research facilities, […]
Inpatient Projects: Scripps in Encinitas expanding, finally
SOCAL HOSPITAL LOOKS TO KEEP UP WITH GROWTH THROUGH $200 MILLION PLAN By John Mugford After six years of planning, Scripps Memorial Hospital Encinitas (Calif.) is finally moving forward on a $200 million project that would add critical care buildings, a new medical office building (MOB) and an 883-space parking garage. Eventually, the project would […]
Outpatient Projects: Swedish, Hammes partner on projects
TWO SEATTLE-AREA FACILITIES TO HAVE FREE-STANDING ERs, AMBULATORY CARE By John Mugford Plans continue to move forward for two new outpatient projects in the Puget Sound area involving Seattle-based Swedish Health Services. One project is slated for Redmond, in the northeast Seattle suburbs, while the other is planned for Mill Creek, about 20 miles north […]
Transactions: Once again, HTA snaps up MOBs
IN JUST 30 DAYS, REIT AGREES TO FOUR ACQUISITIONS TOTALING $110 MILLION By John Mugford We realize Healthcare Trust of America Inc. (HTA) has been receiving plenty of publicity lately. However, the Scottsdale Ariz.-based, self-managed, non-traded healthcare real estate investment trust (REIT) has been making medical office building (MOB) acquisitions at a dizzying rate – […]
Capital Market Snapshot: Capital markets returning to ‘normal’
THIS HAS TAKEN PLACE AS THE GOVERNMENT HAS DECREASED ITS INVOLVEMENT by Cain Brothers We are moving into a transitional period in the capital markets – actually to a more “normal” set of market conditions. The problem is that there is no truly “normal” in the capital markets, a complex interface between those supplying capital […]
Q&A: BremnerDuke’s lofty goal
DEENI TAYLOR: FIRM SEEKS $1 BILLION IN NEW ASSETS By Murray W. Wolf and John Mugford For Indianapolis-based Bremner-Duke Healthcare Real Estate, the next several years figure to be a time of significant activity. In fact, the company, which is part of Duke Realty Corp. (NYSE: DRE), has set a goal of accumulating an additional […]
Product Focus: MOB sales bottom out
BUT EXPERTS FORESEE A POSSIBLE TURNAROUND By John Mugford Call it a year to get back on track, and to prepare for the future. That’s because, for many professionals involved in the marketing and sales of medical office buildings (MOBs), 2009 was a year when MOB sales hit the brakes after a six-year period when […]
Industry Pulse: February 2010
CHARLOTTE, N.C. – Another firm has joined the ranks of real estate companies that are increasing their offerings in the healthcare arena. Charlotte, N.C.-based Keith Corp., which was founded in 1989, recently announced that it is expanding its services to include the development, marketing, leasing and management of healthcare facilities. A new division within the […]
