Publisher’s Letter: Another visit to the ER
THIS TIME, THE PATIENT EXPERIENCE WAS BETTER By Murray W. Wolf Dear Reader: As the parents of three children, my wife and I have had many opportunities – too many, in fact – to interact with the U.S. healthcare system during the past 16-plus years. In fact, I suspect that our teenage sons are locked […]
Special Report: America’s top model – for development
ARE PROVIDERS BETTER SERVED BY BIG PUBLIC REITS OR SMALL PRIVATE FIRMS? By Murray W. Wolf As noted in the preceding article, “Is the (third) party over?”, a panel of industry experts recently discussed whether third-party development and ownership hospitals and health systems might be on the wane. But another hot topic arose during that […]
People: Rendina Cos. names Beth White to lead Versa affiliate
JUPITER, Fla. – Jupiter-based Rendina Cos. recently announced the appointment of Beth White as VP, director of property management, for ITS affiliated property management company, Versa Property Management. Ms. White is responsible for overseeing all property management matters nationwide. For the past 20 years, she has served in all aspects of commercial and residential real […]
Companies: BremnerDuke gets new name and logo
INDIANAPOLIS-BASED DEVELOPER IS NOW KNOWN AS DUKE REALTY HEALTHCARE Staff Reports The healthcare division at Indianapolis-based Duke Realty Corp. (NYSE: DRE) continues to develop medical facilities at a solid pace, as noted below. However, it is no longer doing so under the name of BremnerDuke Healthcare Real Estate, as it has been known since 2007. […]
Outpatient Projects: Outpatient campus revs up near Indy
72-ACRE PROJECT TO BE ANCHORED BY HOSPITAL, YMCA HEALTH/FITNESS CENTER By John Mugford Officials with Hendricks Regional Health in Danville, Ind., had ideas for a healthcare village concept when they acquired about 80 acres of land in nearby Avon in recent years. But what started out as a concept for an outpatient healthcare campus has […]
Inpatient Projects: Huge ‘healthcare city’ slated for Calif.
PROJECT IS BEING BUILT ON FORMER MARCH AIR FORCE BASE NEAR RIVERSIDE By John Mugford It’s taken about six years of planning, formulating and implementing the idea for what is being called a massive “healthcare city” on surplus land at the former March Air Force Base near the cities of Riverside and Moreno Valley, Calif., […]
Transactions: L.A. MOB complex sells for $71 million
CIM AFFILIATES PAY $350 PSF FOR WEST WILSHIRE MEDICAL CENTER, RCA SAYS By John Mugford Definitive information remains elusive concerning the recent sale of a large medical complex in Los Angeles, the West Wilshire Medical Center. Described by local brokers as a 203,000 square foot, two-building complex, the properties at 11600 and 11620 Wilshire Blvd. […]
Capital Markets Snapshot: Economic recovery: slow, unsteady
THAT SHOULD RESULT IN CONTINUED STRONG DEMAND FOR MEDICAL OFFICE By Cain Brothers Two years after the low point of the financial crisis, the U.S. economy is still struggling with its recovery. In the private sector, high unemployment (and higher underemployment), coupled with steady de-leveraging have contributed to very soft consumer demand – which has […]
Product Focus: MOB sales are improving
VOLUME RISES 76 PERCENT FROM FIRST HALF 2009 By John Mugford It looks like the long awaited rebound continues to take shape for medical office building (MOB) sales – although, some could argue, it is not quite there yet. In fact, “It’s still tough to get deals done out there,” says Alex Zylberglait, a VP […]
Special Report: Is the (third) party over?
WILL PROVIDERS DECIDE TO OWN THEIR OWN MOBs? By Murray W. Wolf In early 2009, Northwestern Memorial Hospital in Chicago issued a request for proposals (RFP) for the third-party development and ownership of a new medical office tower at its landlocked Streeterville campus on the city’s Near North Side. Plans called for razing two older […]
Industry Pulse: August 2010
SAN FRANCISCO – It looks like an opportunity to build medical office buildings (MOBs) and hospital-related buildings has emerged in an area of San Francisco that is rife with some of the world’s best known life science companies. Several parcels designated for medical office or hospital-related buildings are part of the massive, 303-acre Mission Bay […]