Publisher’s Letter: It’s good to see cranes
INPATIENT PROJECTS SEEM TO BE REBOUNDING By Murray W. Wolf Dear Reader: Earlier this month, while I was attending the InterFace Medical Office Conference in Houston, I had the opportunity to tour the mammoth Texas Medical Center (TMC). We plan to publish a Houston Market Focus in an upcoming edition, so we’ll save the details […]
Companies: New fund targets medical properties
NOYACK WOULD ALSO INVEST IN EDUCATION AND SELF-STORAGE REAL ESTATE Staff Reports New York-based Noyack Medical Partners recently announced that it has plans for a $200 million private equity fund that would focus on the acquisition of assets that are either distressed or in need of re-positioning. The assets would be in one of three sectors: […]
Inpatient Projects: Clarian’s Indy expansion is a big one
METHODIST HOSPITAL PLAN COULD COST UP TO $500 MILLION, ADD UP TO 250 BEDS By John Mugford Before the recession, announcements like the one recently coming from Clarian Health System in Indianapolis had become somewhat commonplace. Many large hospitals were planning big expansion projects in order to keep up with demand and/or stave off […]
Transactions: Grubb & Ellis REIT II acquires LTAC
HEALTHCARE REIT PLANS TO BUY A VARIETY OF MEDICAL PROPERTY TYPES By John Mugford As part of its growth strategy, Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT II Inc. plans to acquire a variety of medical properties, not just medical office buildings (MOBs). The non-traded real estate investment trust (REIT), which had its start […]
Outpatient Projects: N.Y. system proposes $35 million MOB
UNITED HEALTH WOULD REPLACE NEWSPAPER BUILDING WITH MEDICAL OFFICE By John Mugford The site of a former newspaper building site could soon become home to a new $35 million, 85,000 square foot medical office building (MOB) in Vestal, located near Binghamton on New York’s border with Pennsylvania. The former Binghamton Press & Sun Bulletin building […]
Capital Markets Snapshot: Treasuries dip to lowest point in a year
REITs CONTINUE TO USE STRONG BALANCE SHEETS TO MAKE WAVES IN MARKET By John Mugford When looking at this month’s capital markets statistics, perhaps most worth mentioning is the fact that 10-year Treasuries compressed by more than 28 basis points (bps) during the last month. This means the 10-year Treasuries have reached their lowest point […]
Special Report: Short-term up-tick seen
BUT PANEL HAS SOME CONCERNS ABOUT THE FUTURE By Murray W. Wolf A panel of healthcare real estate experts who gathered in New York recently agreed that development activity has increased so far this year due to a recovering economy and reduced uncertainty surrounding healthcare reform. But some of them expressed concerns about the intended […]
News & Analysis: Lillibridge’s final recap
SALE TO VENTAS WILL PROVIDE GROWTH CAPITAL By John Mugford The pending $300 million to $400 million sale of Lillibridge Healthcare Services Inc. and its vast medical office building (MOB) portfolio to publicly traded Ventas Inc. (NYSE: VTR) made quite a splash in various news outlets in the days following the big announcement. Should the […]
Industry Pulse: June 2010
PRINCETON, N.J. – When hospitals and health systems build shiny new replacement facilities, there’s always a question of what to do with the old, left-behind buildings. Princeton HealthCare System, the parent of University Medical Center of Princeton, is currently going through this process – for a second time. As work continues on its future $442 […]