Editor’s Letter: Report misses the mark
FLAWED DEFINITION OF ‘MOB’ UNDERMINES SURVEY By John B. Mugford Dear Reader: Don’t get us wrong – we love all reporting that elevates the visibility of the medical office building (MOB) sector and healthcare real estate. In recent weeks, a report issued by PricewaterhouseCoopers LLC (PWC) concerning its second quarter Korpacz Real Estate Investor Survey […]
Q & A: Spencer reflects on career, sector
COGDELL SPENCER INC. CEO SAYS REIT IS ON FIRM FOOTING FOR THE FUTURE By John Mugford Ever since Frank C. Spencer joined what was then the Cogdell Group back in 1996, he has seen plenty of changes in the firm and the medical office building (MOB) industry – big, dramatic changes, on both fronts. Not […]
Companies: MOB complex back on track in Colo.
HEALTHCARE REALTY TRUST, LADCO TEAMING TO DEVELOP 200,000 S.F. PROJECT By John Mugford After a change of developers, a two-building medical office complex is once again on track at the site of the future St. Anthony Medical Campus in Lakewood, Colo. Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) and West Des Moines, Iowa-based Ladco […]
Inpatient Projects: New hospital already needs to expand
PATIENT VOLUMES TOP EXPECTATIONS AT STONE OAK HOSPITAL IN SAN ANTONIO By John Mugford When Methodist Healthcare System was planning for its hospital in the growing, affluent Stone Oak section in the northern part of San Antonio, officials predicted sharp growth in patient volumes. They were right, and then some. Just 15 months after opening […]
Outpatient Projects: Princeton proceeds with project plans
TRAMMELL CROW TO DEVELOP 146,971 SQUARE FOOT MEDICAL ARTS PAVILION By John Mugford Plans continue to take shape for a large outpatient facility that will be part of Princeton HealthCare System’s (PHCS) new replacement campus in Plainsboro Township, N.J., a few miles from its current location in Princeton. The health system has chosen Dallas-based Trammell […]
Grubb & Ellis REIT II keeps buying, too
MOBs IN THE OHIO AND TEXAS MARKETS ARE THE FIRM’S LATEST ACQUISITIONS By John Mugford The acquisition pace is picking up for Santa Ana, Calif. -based Grubb & Ellis Healthcare REIT II Inc., a new REIT that is becoming one of the most active healthcare real estate buyers in the market today. In recent weeks, […]
Transactions: Healthcare Trust Picks Up More Mobs
NON-TRADED REIT SNAPS UP MEDICAL BUILDINGS IN SOUTH CAROLINA AND TEXAS By John Mugford Healthcare Trust of America continued with its acquiring ways in recent weeks. The Scottsdale, Ariz.-based non-traded healthcare real estate investment trust (REIT) purchased a two-building medical office building (MOB) in the Dallas-Fort Worth Metroplex in Texas, an MOB in Charleston, S.C., […]
Capital Markets Snapshot: Capital Markets Trying To Find Stability
IN AN INDICATION THAT THINGS ARE GETTING BETTER, CMBS MARKET IS OPENING By Cain Brothers The capital markets are struggling to gain confidence in this “post-crisis” period, and that is reflected in the fragility and volatility that is periodically revealed. In the past few weeks, we have seen the stock market drop from a tepid […]
Special Report: Revisiting monetizations
EXPERTS DISCUSS PAST DEALS, CURRENT MARKET By Dan Emerson With increasing frequency during the past decade or so, healthcare providers have discovered that monetizing ancillary medical real estate can be a useful financial and operational strategy. A panel of healthcare real estate and health system executives at BOMA International’s recent 2010 Medical Office Building (MOB) […]
News & Analysis: A Texas-sized lease deal
MEMORIAL HERMANN TAKES MORE THAN 800,000 S.F. By Murray W. Wolf As the largest not-for-profit healthcare provider in one of the nation’s largest cities, Memorial Hermann Healthcare System has shown a preference for maintaining direct control of its millions of square feet of on-campus medical office space across the Houston area. The only one of […]
Industry Pulse: July 2011
CHICAGO – Sorting through the details of the massive and newsworthy acquisition of Lillibridge Healthcare Services by Ventas Inc. (NYSE: VTR) was supposed to take several months. Officers with both companies said that the $300 million to $400 million deal, which was announced June 23, would most likely close during the third quarter (Q3). (For […]