Special Report: Self-referrals in spotlight
LEGAL CHANGES ARE AFFECTING HEALTH PROPERTIES By Murray W. Wolf Healthcare real estate firms could see more third-party development and investment opportunities, as well as growing demand for real estate advisory, leasing and property management services, thanks to recent changes associated with the laws affecting physician self-referrals. Conversely, however, they might see fewer opportunities if […]
Industry Pulse: March 2011
HOUSTON – As various aspects of healthcare reform are implemented in coming years, healthcare industry observers say we should be prepared for more and more merger and acquisition (M&A) activity among hospitals and health systems. On the surface, it looks as if this trend is coming to fruition in Houston, where Franklin, Tenn.-based IASIS Healthcare, […]
Publisher’s Letter: MOB defies recession
PROJECT SHOWS THE STENGTH OF THIS SECTOR By, Murray W. Wolf, Publisher Dear Reader: Those of you who have been reading these letters for the past eight years or so have been subjected to periodic updates on the Wolf clan, our misadventures in healthcare – and my reaction from a real estate perspective to our […]
Special Report: Jump on board for the slow recovery
TODD LILLIBRIDGE PROVIDES ADVICE FOR THOSE LOOKING TO SURVIVE, GROW By John Mugford There has been plenty of talk lately about how healthcare real estate professionals and companies, if they want to survive and perhaps thrive, need to expand their knowledge base and become trusted advisors and resources for hospitals and health systems. In the […]
Provider News: Sutter’s bond issue to fund upgrades
CALIFORNIA SYSTEM RETURNS TO BOND MARKET FOR FIRST TIME SINCE 2008 By Dan Emerson Encouraged by the improving economy, Sutter Health recently returned to the bond market for the first time since 2008 with a $900 million tax-exempt revenue bond issue. The 24-hospital system plans to use about $750 million to upgrade three of its […]
Inpatient Projects: Hospital at The Vintage is unveiled
ST. LUKE’S PARTNERED WITH HAMMES CO. FOR FACILITY IN NORTHWEST HOUSTON By Dan Emerson A new hospital opened recently in a large planned, mixed-use community in northwest Houston. The new hospital, St. Luke’s Hospital at The Vintage, is a 106-bed, four-story, 224,414 square foot facility. It marks the fifth collaboration since 2000 between Houston-based St. […]
Outpatient Projects: Big box store to be converted to MOB
TEXAS HEALTH RESOURCES TO OCCUPY FORMER TOYS R US SPACE IN DALLAS. By Dan Emerson The realtors who partnered to redevelop a troubled shopping center in Nashville, Tenn., into a successful retail and healthcare complex hope to repeat their success on a smaller scale in North Dallas. Dallas-based developers Corinth Properties and ATR & Associates, […]
Transactions: Duke Realty buys large Charlotte MOB
REIT PAYS $47.7 MILLION FOR MOB ATTACHED TO CAROLINAS MEDICAL CENTER By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) recently entered the Charlotte, N.C., market with the acquisition of a large medical office (MOB) building. The publicly traded real estate investment trust (REIT) acquired the 190,773 square foot Morehead Medical Plaza I for $47.7 […]
Capital Markets Snapshot: Markets move from defense to offense
HOWEVER, SOME SIGNIFICANT RISK FACTORS REMAIN, INCLUDING FED MOVES By Cain Brothers. The capital markets have made an important transition in early 2011, and the sentiment has shifted from defense to offense, albeit still via a conservative ground game. As the consensus view emerges that economic growth in the developed world will begin to meet […]
Companies: M&A trend: DASCO sold
DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford As a group of healthcare real estate professionals engaged in a discussion in 2010 concerning trends in their industry, one of the participants predicted that merger and acquisition (M&A) activity will continue to increase – not only among hospitals and health systems, but among companies […]
Product Focus: MOB sales rebound
2010 SECOND HALF VOLUME DOUBLES FIRST HALF By John Mugford Not since the first half of 2008 had medical office building (MOB) sales topped $1 billion in consecutive quarters. But in a strong rebound from nine consecutive quarters of somewhat anemic sales volumes, the MOB acquisition market took off in the third (Q3) and fourth […]
Industry Pulse: February 2011
CHICAGO – The consolidation trend among companies involved in healthcare real estate continues. In a deal that was announced just as this issue was going to press, Chicago-based Ventas Inc. (NYSE: VTR) entered an agreement to acquire Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP). The two companies say the deal is valued at […]
Transactions: Landmark portfolio, NorthMarq MOB
The Landmark portfolio ■ Jersey City MOB in Jersey City, N.J. This 67,831 square foot facility is on the campus of Jersey City Medical Center. The new MOB was completed in 2010, is 100 percent occupied and is on land owned by the hospital and leased to the building owner through a long-term ground lease. […]
Inpatient Projects: Hospital set for College Station, Texas
SCOTT & WHITE BUYS LAND, PLANS $165 MILLION FACILITY THAT WOULD OPEN IN 2013 By John Mugford The land is secure, plans are finalized and now construction can begin on the future five-story, 320,000 square foot Scott & White Hospital College Station, Texas. Temple, Texas-based Scott & White Healthcare recently acquired a 98-acre site on […]
Special Report: RealShare-Hospital Expansion
Are MOBs an endangered species? PROBABLY NOT, BUT PANELISTS SAY DESIGN, FINANCING, OWNERSHIP WILL CHANGE By Murray W. Wolf Will medical office buildings (MOBs) go the way of the rotary phone? Perhaps that is an exaggeration. But the way MOBs are designed, financed and owned is already changing, according to a panel of healthcare providers […]
