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Publisher’s Letter: How to get ‘ink’ in HREI™

Publisher’s Letter: How to get ‘ink’ in HREI™

SAVE THE STUNTS BUT PLEASE SHARE THE NEWS By Murray W. Wolf Dear Reader: As a journalist, I am blessed – some would say “cursed” – with a fascination regarding language. Recently, I was thinking about some common words and phrases from the past that have fallen out of favor or that have simply been […]

People: REIT’s new co-sponsor adds execs

AMERICAN HEALTH INVESTORS NAMES TEAM AT GRIFFIN-AMERICAN HEALTHCARE By John Mugford Recently formed American Healthcare Investors, a commercial real estate investment firm that focuses on the acquisition and management of healthcare-related properties, recently announced the hiring of several professionals to fill the roles of division heads and key executives. The company is one of the […]

Companies: CHS to buy assets of York, Pa., system

CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the  ball rolling in the […]

The state of Florida recently approved a Certificate of Need for Shands Jacksonville’s planned hospital on the north side of Jacksonville. The hospital campus is expected to include a new medical office building (MOB).
Rendering courtesy of Shands Jacksonville

Inpatient Projects: Florida OKs new $125 million hospital

SHANDS JACKSONVILLE PLANS $125 MILLION HOSPITAL AND MOB NORTH OF CITY By John Mugford More than four years after it first announced plans to build a new hospital in a growing area north of Jacksonville, Fla., the Shands Jacksonville health system recently received the go ahead from the state to proceed with the project. For […]

Outpatient Projects: Large MOB set near Orlando Regional

CARLYLE INVESTMENTS PLANS TO DEVELOP MORE THAN 80,000 SQUARE FEET By John Mugford A local developer has plans for a seven-story MOB near the 808-bed Orlando Regional Medical Center just south of downtown. In order to proceed with the project, Tampa-based Carlyle Investments Inc. plans to demolish three vacant 1950s office buildings on a 2.1-acre […]

MedProperties Holdings LLC closed last month on an equity investment in the 42,000 square foot Flower Mound Health Plaza, north of Dallas. The facility is being developed by Caddis Partners LLC.
Rendering courtesy of MedProperties Holdings LLC

Outpatient Projects: Caddis, MedProperties team on MOB

DECEMBER COMPLETION SET FOR FLOWER MOUND HEALTH PLAZA, NEAR DALLAS By John Mugford Caddis Partners LLC and MedProperties Holdings LLC, two Dallas-based firms, are preparing to start construction in late January on a single-story medical facility in Flower Mound, Texas, north of Dallas. Construction financing closed in mid-December. The facility, to be called Flower Mound […]

Huntsville, Ala.-based Triad Properties Corp. is developing a three-story, 60,000 square foot Madison Medical I medical office building on 3.46 acres near the new Madison Regional Hospital near Huntsville.
Rendering courtesy of Triad Properties Corp.

Outpatient Projects: Alabama MOB near hospital and retail

PROJECT SLATED FOR SITE NEAR TARGET-ANCHORED MALL OUTSIDE HUNTSVILLE By John Mugford The trend of developing healthcare facilities in retail locations is alive and well in Madison, Ala., located outside of Huntsville, in the northern part of the state. Within a future retail development known as Madison Corners, Huntsville-based Triad Properties Corp. recently purchased 3.46 […]

Pacific Medical Buildings has started construction for a $27.5 million medical office building in Castro Valley, Calif. The facility is being developed on Sutter Health’s Eden Medical center campus in a joint venture with Ventas Inc.
Rendering courtesy of Pacific Medical Buildings

Outpatient Projects: PMB adding Bay Area MOB for Sutter

$27.5 MILLION, 80,000 SQUARE FOOT FACILITY IS A JOINT VENTURE WITH VENTAS By John Mugford San Diego-based Pacific Medical Buildings (PMB) recently started construction on a $27.5 million, 80,000 square foot MOB on the campus of an under-construction hospital campus in Castro Valley, in the Bay Area of California south of Oakland. The MOB is […]

Transactions: UHT buys Washington MOB for $31.1M

PUBLICLY TRADED REIT BUYS 99,000 SQUARE FOOT FACILITY FROM HEALTH SYSTEM By John Mugford Universal Health Realty Trust (NYSE: UHT) has been quite active in recent months – both buying and selling medical office building (MOB) assets. In late January, the King of Prussia, Pa.-based publicly traded real estate investment trust (REIT) was on the […]

Duke Realty recently acquired the 104,912 square foot Burr Ridge Medical Center, a large MOB in suburban Chicago, for a reported $47.8 million.
Photo courtesy of Duke Realty Corp.

Transactions: Duke Realty buys Chicago-area MOB

PRICE WAS $47.8M; REIT ALSO ACQUIRES CHRISTUS, COMMUNITY HEALTH FACILITIES By John Mugford Indianapolis-based Duke Realty Corp. has a goal of continuing to add to its medical office building (MOB) holdings. Well, the publicly traded real estate investment trust (REIT) did so with several significant purchases in recent weeks, the largest being a 104,912 square […]

Capital Markets Snapshot: Market looking good for MOB sellers

THAT DOESN’T MEAN HOSPITALS, HEALTH SYSTEMS WILL START SELLING IN 2012 By Cain Brothers The capital markets graphs below this commentary show a sharp decline in longer-term debt yields, with 10-year Treasuries trading to and through 2 percent. The widening of the LIBOR-OIS spread (the difference between the London Interbank Offered Rate and the overnight […]

Provider Perspective: Changes and challenges

HEALTH EXECS DISCUSS REAL ESTATE RESPONSES By John Mugford Ever since the first hospital was built in what would become the United States back in the 1750s, physicians and healthcare administrators have had to adapt and change with the times. Healthcare has always been, and always will be, an industry on the move. However, the […]

Porter Medical Plaza is one of five MOBs recently acquired in the Denver area by a joint venture of Seavest Inc. and Fleisher Smyth Brokaw.
Photo courtesy of Centura Health

News & Analysis: Centura MOB sale closes

SEAVEST, DENVER FIRM MAKE $41.25 MILLION BUY By John Mugford For a number of years, healthcare real estate professionals often used the term “classic monetization” to describe a transaction in which a hospital or health system sold a portfolio of medical office buildings (MOBs) in order to reinvest the proceeds back into its mission of […]

Industry Pulse: January 2012

NEWPORT BEACH, Calif. – Don’t expect much to change – besides the name – now that the transition to a new co-sponsorship is complete at Griffin-American Healthcare REIT II, formerly known as Grubb & Ellis Healthcare REIT II. That’s because the executive leadership at the unlisted healthcare real estate investment trust (REIT) says that Griffin-American […]