Senior Living: Senior moment? Sector is heating up
INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]
Provider News: Chicago-area systems close on merger
PROVENA-RESURRECTION COMBINATION CREATES LARGEST SYSTEM IN ILLINOIS By John Mugford In the era of healthcare reform, much of the merger and acquisition activity taking place among hospitals and health systems involves healthy, financially strong entities purchasing smaller, perhaps struggling ones. That’s not the case with two systems in Greater Chicago area which recently announced a […]
Inpatient Projects: Columbia, S.C., to get a new hospital
PALMETTO HEALTH BREAKS GROUND ON 76-BED FACILITY ON NORTH SIDE OF CITY By Dan Emerson A ground breaking ceremony was held in late October for a future hospital to serve the growing, hospital-bed deprived area of northwest Columbia, S.C. Palmetto Health is investing nearly $100 million into the future Palmetto Baptist Parkridge Hospital, which is […]
Outpatient Projects: Northwestern has high hopes for MOB
HOSPITAL UNVEILS PLANS FOR $334 MILLION, 25-STORY, 1 MILLION S.F. FACILITY By John Mugford For years, healthcare real estate developers have been noting that many medical office buildings (MOBs) have been getting larger, especially those with a variety of specialties, surgery facilities, diagnostic imaging centers, and host of other services. Well, there are large medical […]
Outpatient Projects: MOB planned for north Atlanta suburb
DUKE REALTY TO DEVELOP 52,000 S.F. FACILITY FOR NORTH FULTON HOSPITAL By John Mugford It looks as if a need for Class A medical office space near the 202-bed North Fulton Hospital in Roswell, Ga., will be filled by the fall of 2012. That’s when Indianapolis-based Duke Realty Corp. (NYSE: DRE), a publicly traded real […]
Outpatient Projects: Baltimore MOB grows at last minute
NEXCORE WAS ABOUT TO START WORK WHEN HOSPITAL ASKED FOR MORE SPACE By John Mugford Anyone involved in the development of medical office buildings (MOBs) understands the need to remain flexible and ready to make changes in a project’s plans, even late in the pre-development process. Denver-based NexCore Group LP, a medical real estate developer, […]
Transactions: SNH makes final acquisition from CWH
BUT THE HEALTHCARE REIT IS STILL AN ACTIVE BUYER OF MEDICAL BUILDINGS By John Mugford A big pipeline that Newtown-based Senior Housing Properties Trust (NYSE: SNH) has used to make large, off-market healthcare portfolio acquisitions in recent years is finally empty. According to the real estate investment trust (REIT), the recent closing of one last, […]
Transactions: Details emerge on Scottsdale MOBs
HEALTH SYSTEM-OFFERED PORTFOLIO INCLUDES DEVELOPMENT OPPORTUNITIES. By John Mugford Acquiring medical office building (MOB) portfolios directly from health systems can have unique perks for buyers, as the assets often include hospital tenants and their solid credit ratings. Plus, the portfolios often are composed of a large share of on-campus facilities, which many investors favor over […]
Product Focus: Q3 MOB sales totaled about $564M
AVERAGE SALE PRICE TOPPED $200 PSF FOR THE FIRST TIME IN THREE QUARTERS By John Mugford In a rather mundane but steady quarter for medical office building (MOB) sales, at least one somewhat important milestone was reached, or re-reached. While statistics from New York-based Real Capital Analytics (RCA) Inc. show that MOB sales in the […]
Capital Markets Snapshot: Thanksgiving shoppers busted loose
CONSUMERS FOUGHT ‘FRUGALITY FATIGUE,’ BUT CAPITAL MARKETS DIDN’T BUDGE By Cain Brothers There was only one real surprise Thanksgiving week. It was not the fact that, after four months of intense pressure to find a compromise, the budget deficit super committee came up empty. It was not the fact that, after what seems like years […]
Company Profile: Small firm, big presence
GOOD REPUTATION KEEPS HEALTHAMERICA HUMMING By John Mugford When Thomas W. “Tommy” Tift III was in Los Angeles for a healthcare real estate conference and some meetings earlier this year, he took an afternoon away from business to enjoy the nice weather and squeeze in a round of golf. But the getaway quickly turned into […]
News & Analysis: Flagler, Investcorp do JV
JOINT VENTURE BUYS ONE OF FIRST MEDICAL MALLS By John Mugford When it was built back in 1996, Bethesda Health City in Boynton Beach, Fla., was one of the first medical mall developments in the country. The concept for this “one-stop” healthcare facility, like those that have followed, is to provide patients with a convenient […]
Industry Pulse: November 2011
NEWPORT BEACH, Calif. – There’s a new name among the companies actively involved in acquiring healthcare real estate, a sector that has seen quite a number of mergers and acquisitions among its leading companies in recent years. In this case, the independent members of the board of Grubb & Ellis Healthcare REIT II, an active […]
Inpatient projects: Plans unveiled for $360M N.D. hospital
371-BED FACILITY WOULD REPLACE OLDER CAMPUS AND BE BUILT OUT OF FLOOD PLAIN By Dan Emerson While much of the country is struggling to dig out of the recession, the state of North Dakota has been enjoying an economic boom, fueled in large part by new oil-field discoveries. At the same, the state’s largest city, […]
Outpatient Projects: Duke Realty starts $11M Michigan MOB
Marquette General will occupy the entire 43,145 square foot facility in the Upper Peninsula By John Mugford Indianapolis-based Duke Realty (NYSE: DRE) recently broke ground for a 43,145 square foot, $11 million medical office building (MOB) in Escanaba, located in Michigan’s Upper Peninsula (U.P.). The future MOB will be fully occupied by Marquette General Hospital, […]