Outpatient Projects: Duke Realty developing new VA clinic
FIRM IS CONSTRUCTING $38 MILLION, 106,000 SQUARE FOOT MOB IN TAMPA, FLA. By John Mugford Duke Realty Corp. (NYSE: DRE) has been selected by the U.S. Department of Veterans Affairs to develop and serve as the general contractor for a new $38 million primary care clinic at Hidden River Corporate Park in the northeastern part […]
Outpatient Projects: Indiana systems collaborating on MOB
FUTURE 70,000 S.F. FACILITY IS SLATED FOR FAR SOUTHERN INDIANAPOLIS METRO By John Mugford This is indeed an era in which consolidation among hospitals and health systems is quite commonplace, as providers are continually figuring out how to become as efficient as possible. In some instances, however, health systems and hospitals who are not ready […]
Transactions: Duke Realty buys five MOBs near Cincy
REIT ACQUIRES PORTFOLIO WITH MORE THAN 109,000 S.F. – PLUS ROOM FOR MORE By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) is on an aggressive path toward bolstering its medical real estate portfolio, both through acquisitions and development. The company added to its more than 4 million square feet of medical real estate holdings […]
Capital Markets Snapshot: Hospital consolidation is evolutionary
M&As CAN BE A STRATEGIC OPPORTUNITY IN A HIGHLY FRAGMENTED INDUSTRY By Cain Brothers A recent panel discussion by healthcare providers highlighted that they each faced consolidation pressures from healthcare reform. Assuming healthcare reform isn’t struck down by the U.S. Supreme Court, the key drivers include daunting capital needs, major changes in the reimbursement model […]
Provider Perspective: Off-campus plans grow
OUTPATIENT STRATEGIES ARE A PROVIDER PRIORITY By Murray W. Wolf According to some estimates, 70 percent of healthcare today is still delivered in an inpatient setting. But, some predict that during the next several years, the pendulum will swing to 70 percent of the care being delivered in outpatient locations – and many of those […]
News & Analysis: LaSalle makes a big buy
FIRM TAKES SAN DIEGO MEDICAL ASSETS FOR $147.5M By John Mugford Chicago-based LaSalle Investment Management recently closed on the acquisition of a total of 253,637 square feet of medical office space in two buildings in San Diego. The firm paid a total of $147.5 million, or almost $576 per square foot (PSF), for the assets. […]
Industry Pulse: March 2012
SPRINGFIELD, Ill. – In quite a few states throughout the country, Certificate of Need (CON) laws continue to fuel debate. In one of those, Illinois, a state senator recently introduced a bill calling for the elimination of the nine-member Illinois Health Facilities and Services Review Board, which would effectively discontinue the CON law as well. […]
Editor’s Letter: Is extravagance gone?
NEW HOSPITAL STILL PROUD TO BE ‘HOTEL-LIKE’ By John B. Mugford. Dear Reader: A handful of years ago, during the heyday of healthcare real estate development and before the Great Recession, there was an arms race of sorts among health systems looking to get a leg up on the competition. There was plenty of talk, […]
Companies: Duke Realty starts work on Indy FOB
270,000 S.F. FACULTY OFFICE BUILDING WILL ALLOW WISHARD TO CONSOLIDATE By John Mugford Duke Realty (NYSE: DRE) recently started construction on a new office and research building for Wishard Health Services at its future 37-acre, $754 million Eskenazi Health campus in downtown Indianapolis. The five-story, 274,000 square foot Fifth Third Faculty Office Building (FOB) will […]
Inpatient Projects:Cincy hospital plans $265M project
ORTHO FACILITY WILL BE CENTERPIECE OF PROJECT BY THE CHRIST HOSPITAL By John Mugford The Christ Hospital in Cincinnati plans to begin construction this coming summer on a $265 million expansion and improvement at its main campus in the historic district of Mt. Auburn, just north of downtown. According to hospital officials as well as […]
Inpatient Projects: WVU Hospitals plans $280M tower
WEST VIRGINIA SYSTEM’S 10-STORY PROJECT TO ADD 139 BEDS IN MORGANTOWN By John Mugford WVU Hospitals Inc. in Morgantown, W.Va., proclaims that its mission is to serve all of the state’s residents. In order to better do so, the health system recently proposed a $280 million, 10-story tower on the campus of its Ruby Memorial […]
Outpatient Projects: MOB going up near new Texas hospital
PMB IS INVOLVED IN OUTPATIENT, INPATIENT DEVELOPMENTS ON LAKEWAY CAMPUS By John Mugford Mid-year in 2011, with the anticipated opening of a new hospital in fast-growing Lakeway, Texas, approaching, San Diego-based Pacific Medical Buildings (PMB) found itself having to make significant changes to its plans for a medical office building (MOB) on the campus. By […]
Outpatient Projects: Nautilus set to open new UCLA MOB
AUTOMATED PARKING SYSTEM LETS DEVELOPER REDUCE BUILDING SIZE, COSTS By John Mugford Work is wrapping up on a new 50,000 square foot MOB in Santa Monica where visitors will have their cars parked and retrieved by a fully automated system. The developer of the 16th Street Outpatient Surgery and Medical Building is Berkeley, Calif.-based Nautilus […]
Transactions: Griffin-American REIT snaps up MOBs
DURING THE FIRST QUARTER OF 2012, THE UNLISTED REIT HAS BEEN ON A TEAR By John Mugford We realize that when it comes to our coverage of healthcare real estate transactions, we’ve been giving plenty of press to Griffin-American Healthcare REIT II, the unlisted healthcare real estate investment trust (REIT) based in Newport Beach, Calif. […]
Capital Markets Snapshot: Healthcare real estate still a haven
AS INVESTORS LOOK FOR LOWER RISK, DEMAND COULD LOWER MOB CAP RATES By Cain Brothers The capital markets graphs that accompany this commentary show a sharp decline in the longer-term debt yields, with 10-year Treasury yields trading to and through 2 percent. The yields on 10-year tax-exempt debt has converged to the same level as […]
