Publisher’s Letter: Life after health reform
32 MILLION REASONS TO LIKE IT AND A FEW NOT TO By Murray W. Wolf Dear Reader: Now that a healthcare reform law has finally been passed, what will that mean for the healthcare real estate industry? The $938 billion law – officially known as the America’s Affordable Health Choices Act of 2009 – will […]
Provider Perspective: It’s still all about capital, providers say
CASH-CONSCIOUS SYSTEMS ARE STAYING CAUTIOUS ABOUT NEW DEVELOPMENT By Murray W. Wolf Even though the economy is improving, it could be years before some hospitals and health systems proceed with big new real estate development projects, according to three healthcare executives who spoke at a recent industry event. The trio made their comments at the […]
Special Report: Economy, medical real estate on rise
ROBERT BACH, WELL-KNOWN ECONOMIST, CONSIDERS THE ‘STATE OF INDUSTRY’ By John Mugford Even though healthcare real estate has weathered the waning recession quite well, the improving economy of the next couple of years should see even more demand for new medical office space. In addition, medical office building (MOB) vacancy rates should drop and there […]
Companies: Savills to work directly for providers
COMPANY SAYS IT CAN BRING NEW CAPITAL TO HOSPITALS AND HEALTH SYSTEMS By John Mugford There is consensus among healthcare real estate professionals that hospitals and health systems need financial help and consultation now more than ever. Not only are admissions down because of unemployment, but many providers took a hit in their investment portfolios […]
Inpatient Projects: Baptist plans facility near San Antonio
HOSPITAL NEAR I-35 IN NEW BRAUNFELS EXPECTED TO COST UP TO $115 MILLION By John Mugford With its recent acquisition of 56 acres in New Braunfels, Texas, San Antonio-based Baptist Health System is starting to plan for a new full-service hospital on the site. While Baptist officials have yet to release specific plans for the […]
Outpatient Projects: HR developing first West Coast MOB
HEALTHCARE REALTY TRUST BEGINS WORK ON $90M PROJECT IN BELLEVUE, WASH. By John Mugford The area near Overlake Hospital Medical Center in Bellevue, Wash., is an emerging medical district. A new on-campus medical office building (MOB) being developed by Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) should bolster the emergence of this new healthcare […]
Transactions: NHP, PMB proceed with $211M deal
PUBLICLY TRADED REIT ACQUIRES INTEREST IN FIVE SOUTHERN CALIFORNIA MOBs By John Mugford Back in 2008, publicly traded real estate investment trust (REIT) Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings struck a deal so large that it garnered national headlines. After all, the multi-year deal called for NHP to acquire […]
Capital Markets Snapshot: MOB transaction volume set for action
INVESTORS READY TO BUY MEDICAL REAL ESTATE; FED BEGINS ‘EXIT’ STRATEGY By Cain Brothers The capital markets continue show evidence of returning to a stabilized state and the ability to maintain that status as the Fed begins to initiate its long awaited “Exit Strategy.” The Fed recently reiterated that it plans to hold short-term rates […]
Special Report: Plenty of buyers in 2010
CBRE SURVEY SAYS 70% PLAN TO INVEST IN MOBs By John Mugford and Murray W. Wolf The remainder of 2010 and perhaps into 2011 should be a rather robust time for folks in healthcare real estate, and that includes sellers, developers and purchasers of medical office buildings (MOBs). And while recent signs indicate that there […]
News & Analysis: HCN diversifies into bio
HEALTH CARE REIT BUYS INTO LIFE SCIENCES PARK By John Mugford Health Care REIT Inc. (NYSE: HCN) has become the latest healthcare real estate investment trust (REIT) to make a major play in the life sciences sector, taking an ownership interest in what many consider to be the nation’s premier biopark. The Toledo, Ohio-based REIT […]
Industry Pulse: March 2008
DETROIT – How bad are things in Detroit? Shortly before this edition of Healthcare Real Estate Insights™ went to press, Detroit’s mayor, former NBA star Dave Bing, was reportedly planning to propose that blighted parts of the city simply be abandoned and cleared – reverting to rural areas. But it also now looks as if […]