Capital Markets: Are we at an inflection point?
A big increase in deals isn’t expected, but volumes tend to spike at such times A shift in the focus of the capital markets is beginning to occur, with an increasing level of discussion about the risks of rising interest rates. While most people do not expect a sharp increase in rates, two key drivers […]
Hot Property: An opportunity grows in Brooklyn
Name: One Hanson Place Number of Medical Suites: 9 Location: 1 Hanson Place, Brooklyn, N.Y. Size: 12,396 square feet (nine suites) Asking Price: $7.975 million Price Per Square Foot: $643.35 Cap Rate: 8.01% Occupancy: 100% Avg. remaining lease term: 5 years Building Completed: 1927 Seller: Noyack Medical Partners LLC Tenants: Dentists, oral surgeons, urologist, pediatrics […]
News Release: ERDMAN Announces New Partnership with Riverside HealthCare
Firm to begin planning and construction on new assisted living facility MADISON, Wis. (Mar. 25, 2013) – ERDMAN, a national leader in healthcare consulting, facility planning, development and design-build, today announced a new engagement with Riverside HealthCare, headquartered in Kankakee, Ill. Riverside Healthcare has partnered with ERDMAN to plan, develop and build a new $15 […]
Transactions: HTA acquires another MOB in Dallas
This time, REIT pays $48.7M for facility on campus of physician-owned hospital By John B. Mugford In recent months, officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) expressed how pleased they were to acquire a medical office building (MOB) on the campus of the physician-owned Forest Park Medical Center in Dallas. The […]
Editor’s Letter: Watch out for Chicago
Windy City’s healthcare scene is about to take off Dear Reader: Without a doubt, the best known concentration of medical facilities in the country is in Houston: The Texas Medical Center. The granddaddy of all medical districts, the area not far from downtown has a total of 37 million square feet of space inside hospitals, […]
News Release: Seavest medical office repurposing a success in thriving Dearborn, Mich.
Firm teamed with KIRCO for the adaptive reuse of a former auto company facility for Henry Ford Health System, resulting in lower costs, faster speed to market and improved patient convenience WHITE PLAINS, N.Y., and DEARBORN, Mich., March 21, 2013 – Two words can be used to describe the totally renovated home of Henry Ford […]
News Release: New Cancer Center to Open April 1 at Swedish/Edmonds
FOR IMMEDIATE RELEASE:March 21, 2013 Contacts: Ed Boyle, Swedish, 206-386-2748, ed.boyle@swedish.org Steve Kaiser, Swedish/Edmonds, 425-640-4035, steve.kaiser@swedish.org 17,102-square-foot outpatient facility to provide medical oncology, infusion services close to home EDMONDS, WASH., March 21, 2013 – Swedish Health Services will open a new outpatient cancer center at the Edmonds campus on Monday, April 1, 2013 in […]
News Release: Construction complete on Palomar Health project
FOR IMMEDIATE RELEASE Media Contact: Barry Weinbaum, Vice President, Business Development, 858-794-1900, bweinbaum@pmbllc.com Pacific Medical Buildings is pleased to announce the completion of the $4.5 million clinic Ramona Ambulatory Care Center in Ramona, Calif. SAN DIEGO, March 20, 2013 – Pacific Medical Buildings (PMB) is pleased to announce its continued relationship with Palomar Health with the […]
Thought Leaders: CBRE 4Q12 National Medical Office Investor Update
Despite Sequestration, More Capital Allocated to Healthcare Real Estate Despite the 2% payment reduction to Medicare providers that is scheduled to take effect April 1st as part of sequestration, more capital has been allocated to healthcare real estate than ever before. As part of the CBRE Annual Healthcare Real Estate Investor/Developer Survey, we asked 500 of […]
Cover Story: Advocate again
Seven MOBs on Chicago-area system’s campuses are back on the market By John B. Mugford When Advocate Health Care sold eight of its medical office buildings (MOBs) to Great Lakes REIT in 2002, it was a historic deal – one of the first large hospital-driven real estate monetizations. Now, 11 years later, seven of those […]
Cover Story: A concise history of the Advocate MOBs
A pioneering monetization was just the beginning of this portfolio’s storied history ■ July 11, 2002. Oak Brook, Ill.-based Great Lakes REIT confirms that it has agreed to buy a portfolio of eight medical office buildings (MOBs) from Advocate Health Care, a Chicago-based health system.
Cover Story: What’s included in the Advocate Medical Office Portfolio
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Feature Story: Independence day
Privately held Cornerstone Cos. says it is doing just fine on its own By John B. Mugford When capital-rich suitors came calling in recent years, many smaller healthcare real estate firms (HRE) succumbed to the temptation to partner or be acquired. But one regional HRE firm that has no plans to sell is Indianapolis-based Cornerstone […]
News Release: MedProperties Group announces Lakeview Medical Campus receives silver LEED certification
FOR IMMEDIATE RELEASE March 19, 2013 NORTHBROOK, IL – MedProperties Group, a leading medical office developer in the Midwest, recently opened its $21 million, three story, 75,000 square foot multi-tenant medical office building, the Lakeview Medical Campus, at 1333 West Belmont Avenue in Chicago’s Lakeview neighborhood. The project is over 70% leased by Northwestern Memorial […]
News Release: Griffin-American Healthcare REIT II Reports Fourth Quarter and Year End 2012 Results
Media Contact: Damon Elder delder@ahinvestors.com (949) 270-9207 Portfolio triples in size to $1.325 billion, based on aggregate acquisition price Company generates record net operating income and normalized modified funds from operations Annualized investor distribution rate increased twice NEWPORT BEACH, Calif. (March 19, 2013) – Griffin-American Healthcare REIT II, Inc. today announced operating results for the […]
