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News Release: Just Closed – Kaiser Ventura County MOBs

The  CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Kaiser Ventura County MOBs. KAISER VENTURA COUNTY MOBs       Sale Date: Sale Price: Sale PPSF:  Building Size: Occupancy: YOC: December 28, 2012 $15,200,000 $243 62,468 SF 100% 1996  The CBRE Healthcare Capital Markets Group is pleased to announce the completion of […]

Publisher's Letter: Say ‘goodbye’ to HREI™

Publisher’s Letter: Say ‘goodbye’ to HREI™

AND SAY ‘HELLO’ TO A ‘NEW AND IMPROVED’ HREI™ By Murray W. Wolf Dear Reader: OK. I’ll admit it. The headline above was intended to raise an eyebrow. Relax. HREI™ is not saying goodbye. God willing, we will continue for many years to put all the latest and most important healthcare real estate news and […]

Doug Ray

Q & A: Seavest Healthcare as active as ever

PRESIDENT DOUG RAY DISCUSSES RECENT $332 MILLION SALE, FIRM’S STRATEGY By John Mugford Throughout the era in which the medical office building (MOB) sector has grown up and gained prominence as a significant asset class, White Plains, N.Y.-based Seavest Healthcare Properties has been involved as an investor in both the development and acquisition of such […]

Optimal Outcomes recently completed this 36,000 square foot building in Tampa, Fla., for Florida Cancer Specialists & Research Institute.
Photo courtesy of Optimal Outcomes

Companies: Developer finishes third cancer center

OPTIMAL OUTCOMES OPENS 36,000 FACILITY IN TAMPA, FLA., FOR GROWING GROUP By John Mugford For St. Petersburg, Fla.-based Optimal Outcomes LLC, developing comprehensive cancers centers has become a strong niche among the services it offers. In fact, the healthcare development firm recently completed a new 36,000 square foot, $9.5 million cancer center in Tampa, Fla., […]

Archway Holdings acquired this MOB in Beverly Hills in 2008, renovated it, leased it up despite the recession and has probably doubled its value.
Photo courtesy of Archway Holdings Corp.\

Company Profile: Archway making its way in MOB space

BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES By John Mugford Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters. However, one company making […]

On hold since 2009 when the original operating partner backed out, it now
appears that interior build-out of the newly renamed Bay Area Regional Medical Center near Houston will proceed with a new operator.
Photo courtesy of Medistar Corp.

Inpatient Projects: After 4 years, Texas hospital on track

MEDISTAR CORP. PLANS TOP OPEN 174-BED FACILITY IN LATE 2013 NEAR HOUSTON By John Mugford All systems certainly seemed to be “go” back in 2007 when Medistar Corp. landed an operating partner for a new privately owned hospital it had planned for Webster, Texas, southeast of Houston. Everything remained on track after construction started and […]

ProMed Properties recently paid $21.75 million for the leasehold interest in
four floors of the Johnston Professional Building, which is atop the 271-bed
MedStar Union Memorial Hospital in Baltimore.
Photo courtesy of ProMed Properties

Transactions: ProMed takes MOB space over hospital

INVESTOR PAYS $21.75M FOR LEASEHOLD INTEREST IN FOUR FLOORS IN BALTIMORE By John Mugford ProMed Properties, which has been an active buyer of medical office buildings (MOBs) in the eastern part of the country in recent years, has landed an acquisition in the Baltimore market. There, the North Miami Beach, Fla.-based wholly owned subsidiary of […]

Capital Markets Snapshot: Benchmark set for interest rate action

FED PLANS TO INCREASE RATES WHEN UNEMPLOYMENT FALLS TO 6.5 PERCENT By Cain Brothers The big news in the capital markets earlier this month was the announcement of further quantitative easing (QE) by the Fed. As Operation Twist, the selling of short-term Treasuries to buy longer-term bonds, has come to the end of its run, […]

The recent RealShare Medical Office Conference capital markets panel
discussion included (from left to right) moderator Al Pontius of Marcus & Millichap and panelists John Winer of Seavest, Ashley Harkness of KeyBank,
James Groves of Siemens and John Marshall of Duke Realty.
Photo courtesy of RealShare

Special Report: Cautious but committed

MOBs STILL IN HIGH DEMAND BY INVESTORS, LENDERS By Murray W. Wolf Medical office building (MOB) sales volume for this year seems destined for its highest level since at least 2008, as capital has continued to stampede toward what is one of the best-performing real estate asset classes. Yet, at the same time, equity investors […]

LaSalle Investment Management recently acquired the 130,000 square foot Main Line Health Center at Newton Square in suburban Philadelphia for $50.5 million.
Photo courtesy CBRE

News & Analysis: MOB’s PSF breaks record

IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT By John Mugford In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession. Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it […]

Industry Pulse: December 2012

BLOOMINGTON, Minn. – It looks as if the massive Mall of America, sometimes referred to as the “megamall,” will not be getting the “mega” healthcare tenant that it was counting on to be the anchor of a new building in its long-planned Phase II expansion. Officials with Rochester, Minn.-based Mayo Clinic said in recent weeks […]

Inova Health System plans to break ground in 2014 for the $252 million, seven-story, 300,000 square foot Inova Comprehensive Cancer and Research Institute in Falls Church, Va. (Rendering courtesy of Inova Health System)

$252M cancer center set for Virginia

INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY   By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform,

Editor's Letter: Some certainty at last?

Editor’s Letter: Some certainty at last?

ELECTION CLEARS THINGS UP, AT LEAST UNTIL ‘14 By John B. Mugford Dear Reader: Here are at Healthcare Real Estate Insights™, we thoroughly enjoy talking with people involved in the healthcare real estate sector about, well, healthcare real estate. And during these talks and interviews, we get the sense that a majority of those involved […]

People: Mark Johnson joins Cushman Wakefield as director of PM

NEW YORK – New York-based Cushman & Wakefield recently hired Mark Johnson as director of property management, healthcare facilities. Mr. Johnson is based in Rosemont, Ill., overseeing the company’s service delivery platform while, according to the company, he helps drive “the continued growth of the firm’s Healthcare Practice Group.” “Mark’s healthcare sector knowledge and experience […]

John C. Lincoln Health Network has acquired 21.39 acres in north Phoenix and plans to build a 120-bed hospital by 2019. The system plans to kick off the project next month with the start of construction for the $18 million Sonoran Health and Emergency Center (above).
Rendering courtesy of Devenny Group Ltd.

Inpatient Projects: North Phoenix to get a new hospital

JOHN C. LINCOLN HEALTH NETWORK BUYS LAND, PLANS CAMPUS WITH 120 BEDS By Dan Emerson Sure, the recession may have hit Greater Phoenix fairly hard, slowing residential growth and limiting new commercial real estate development, including medical projects. However, there are signs that the economy is improving, and now a new ground-up hospital for the […]