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Editor's Letter: Another good survey

Editor’s Letter: Another good survey

CBRE’S NEW REPORT PROVIDES USEFUL DATA By John B. Mugford Dear Reader: Plenty of very informative and educational materials concerning our sector, healthcare real estate, come across our desks here at Healthcare Real Estate Insights™. Included are a growing number of surveys that track how professionals and organizations in the business are feeling about the […]

Provider Perspective: Provider panel tackles tough topics

REIMBURSEMENTS, INDUSTRY M&As, MOBs AND THE ENDLESS NEED FOR CAPITAL By Murray W. Wolf In addition to repurposing of other types of commercial real estate for healthcare use (please see “Adaptive reuse on a roll,” starting on Page 1), providers had plenty more to say at the recent InterFace Medical Office West conference in Los […]

Special Report: What will happen to the real estate?

46 PERCENT OF PROVIDERS STILL SEE NEED FOR DEVELOPER-OWNED PROJECTS By John Mugford When it comes to acquiring or entering agreements with physician practices these days, hospitals and health systems are certainly on top of things. But during what can be called the “era of the employed physician,” are health systems changing their real estate […]

McCarthy Building Cos. recently completed the main $300 million inpatient replacement hospital facility at Santa Barbara Cottage Hospital in Santa Barbara, Calif. This rendering shows the new plaza and entry.
Rendering courtesy of Santa Barbara Cottage Hospital

Companies: McCarthy finishes Santa Barbara work

$300 MILLION FOURTH PHASE IS PART OF AN OVERALL $700 MILLION REPLACEMENT By John Mugford McCarthy Building Cos. Inc. recently completed the $300 million fourth phase of construction on the $700 million Santa Barbara (Calif.) Cottage Hospital replacement project. The fourth phase, which encompasses the new inpatient hospital, was part of a six-phase replacement construction […]

Inpatient Projects: U. of Mich. plans neuroscience facility

$163 MILLION PROJECT TO REMODEL FORMER CHILDREN’S, WOMEN’S FACILITIES By John Mugford As outpatient facilities become more complex and capable of providing procedures once reserved for hospitals, many hospitals are also becoming more technologically advanced. A case in point is in Ann Arbor, Mich., where the University of Michigan Health System (UMHS) has announced plans […]

The future RGHS Ambulatory Surgery Center is planned as the focal point of Rochester (N.Y.) General Health System’s new four-building outpatient campus.
Rendering courtesy of RGHS

Outpatient Projects: Delivering outpatient care in a big way

ROCHESTER, N.Y., HOSPITAL BUYS AND PLANS TO UPGRADE AMBULATORY CAMPUS By John Mugford In a prime example of how health systems are shifting their focus toward delivering medical services in facilities away from the hospital setting, Rochester General Health System (RGHS) in Rochester, N.Y., recently announced plans for the creation of a large, multi-building outpatient […]

The recent six-building acquisition by MedProperties and AW Property Co. included the Bonita Bay Medical Centre, Bonita Springs, Fla.
Photo courtesy of MedProperties Holdings

Transactions:AW, MedProperties acquire portfolio

OWNER/OPERATOR, PRIVATE EQUITY FIRM BUY SIX MOBS IN SOUTHWEST FLORIDA By John Mugford Palm Beach Gardens, Fla.-based AW Property Co. has a goal of substantially adding to its medical office building (MOB) portfolio – up to $250 million worth – in its home state of Florida in a three-year period. At the same time, Dallas-based […]

Healthcare Trust of America’s recent Steward Health portfolio acquisition included this 36,302 square foot MOB at 851 Middle St. in Fall River, Mass.
Photo courtesy of HTA

Transactions: HTA makes big entry into Boston area

REIT ACQUIRES 13-BUILDING PORTFOLIO FROM STEWARD HEALTH CARE FOR $100M  By John Mugford Greater Boston’s medical office building (MOB) market is considered a very difficult one to crack into, especially when it comes to the third-party ownership of on-campus facilities. A lack of developable land on which to build and a reluctance by many of […]

Capital Markets Snapshot: Markets quiet; job data scrutinized

TAX-EXEMPT MARKET REMAINS ROBUST AS AA-RATED SYSTEMS ISSUE BONDS By Cain Brothers The markets have been relatively quiet recently as economic releases continue to befuddle investors. Initial jobless claims came in a bit soft for the second week in a row, and, to nobody’s surprise the prior week’s figures were revised upward (meaning more claims). […]

John Smelter

Q & A: Strong year anticipated

JOHN SMELTER SAYS ‘STARS ARE ALIGNED’ FOR MOBS By John Mugford These days, John R. Smelter is well known as one of the most active and knowledgeable sales professionals in the medical office building (MOB) transaction market. As a broker who works out of the San Diego office of Marcus & Millichap, Mr. Smelter is […]

Kaiser Permanente acquired this 200,000 square foot traditional office building in Gaithersburg, Md., in 2009 for a reported $42.8 million, converted it into medical offices and reopened it last month as a “specialty hub.”
Photo courtesy of Kaiser Permanente

Special Report: Adaptive reuse on a roll

PROVIDERS HAVE REPURPOSED MILLIONS OF SQ. FT. By Murray W. Wolf There has been a lot of talk in recent years about repurposing other types of real estate for medical use. With millions of square feet of office and retail space sitting vacant across the nation, much of it in high-traffic locations, the idea of […]

Industry Pulse: April 2012

SCOTTSDALE, Ariz. – Several sources in the healthcare real estate industry have told Healthcare Real Estate Insights™that a portfolio of nine medical office buildings (MOBs) offered for sale by Scottsdale Healthcare is under contract and likely to close soon, perhaps in coming weeks. A spokesperson for New York-based Savills LLC, which had listed and was […]