February 2015 PDF
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Cover Story: Record-setting medical office sales reflect soaring investor demand
Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]
Feature Story: Plenty more predictions for 2015
Another dose of observations and prognostications from the HREI™ editorial board By John B. Mugford The recently-published 2015 HREI™ Resource Guide™ included several articles on what might be ahead for the healthcare real estate (HRE) sector, including a story focusing on a discussion with the Healthcare Real Estate Insights™ Editorial Advisory Board last fall. That […]
Transactions: NGKF helps Accretive cash in
Broker has handled four dispositions for the real estate investment firm in the past year By John B. Mugford In about the span of a year, the Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF) completed the dispositions of four healthcare real estate (HRE) facilities in Southern California for Irvine, Calif.-based Accretive Realty Investment […]
Transactions: Physicians Realty Trust lands MOB across the street from hospital in New Orleans
NEW ORLEANS — Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently paid $10.5 million for an eight-story MOB across the street from the 156-bed Oschner Baptist Medical Center in downtown New Orleans.
Transactions: Sanders Trust finds smaller, single assets to build its portfolio
BIRMINGHAM, Ala. – The Sanders Trust (TST), a well-known HRE investment firm that has done a number of large deals, recently demonstrated that it is also willing to make smaller acquisitions to build its portfolio of healthcare facilities. In recent weeks, TST spent a total of about $23.5 million in four transactions for five facilities. […]
Transactions: More HRE Transactions
■ A group of tenants in common (TIC) recently sold a two-story, 21,398 square foot MOB at 1800 116th Ave. in Bellevue, Wash., for
Hot Property: Stabilized, multi-tenant MOB offered
Fully leased Merrionette Park Medical Center is in the southwest Chicago suburbs Name: Merrionette Park Medical Center Number of buildings: 1 Floors: 1 Lot size: N/A Address: 11600 S. Kedzie Ave. City: Merrionette Park, Ill. Square footage: 57,305 Year built/renovated: 1995/2004 Leased: 100% Broker: John Smelter Brokerage: Marcus & Millichap Experts are calling this the […]
Capital Markets: ‘Lease-up’ MOBs have loan options
Financing can be structured to fund tenant improvements, leasing commissions By Erik Tellefson There are various financing opportunities depending on the stage of a medical office building (MOB), whether during construction/renovation, “lease-up” or stabilized. For example, MOBs with in-place tenancy of 65 to 80 percent, and a lease-up component for the remainder of the space […]
Outpatient Projects: Anchor developing 75,000 s.f. MOB
Project is underway for St. Elizabeth Healthcare in suburbs of Cincinnati By John B. Mugford Experienced healthcare real estate (HRE) professionals are saying that many of the outpatient facilities to be built in years to come will have more than 50,000 square feet and be home to fewer tenants and more specialty services. That describes […]
Outpatient Projects: Rendina readies for Texas project
Development firm will own 40,000 square foot, on-campus MOB in Paris, Texas By John B. Mugford Most health systems send out requests for proposals (RFPs) for nearly each and every project they propose these days, even when they are happy with the work performed by a certain firm on a previous development. Even so, most […]
Outpatient Projects: U of South Alabama starts $27.3 million MOB on its children’s/women’s campus
MOBILE, Ala. – Construction started in January on a $27.3 million MOB on the campus of the University of South Alabama Children’s and Women’s Hospital in Mobile, a city of about 200,000 people on the Gulf Coast.
Outpatient Projects: More Outpatient Healthcare Real Estate Project News
■ Saint Francis Medical Partners, a network of physicians and practices in and around Memphis, Tenn., recently broke ground for
Inpatient Projects: $339M pavilion started in Bay Area
Washington Hospital in Freemont, Calif., adding three-story, 223,000 s.f. facility By Connie M. McCaffrey With 150 beds, a sparkling new hospital opened in the small Bay Area community of Freemont, Calif., in 1958 to serve a local population of about 18,000 people. Nearly a half century later, the 341-bed Washington Hospital serves an area just […]
Inpatient Projects: $75 million replacement facility to replace hospital in Great Smoky Mountains
CHEROKEE, N.C. – Work has been underway for nearly a year now on a replacement for Cherokee Indian Hospital in Cherokee, a city in the Great Smoky Mountains about 50 miles west of Asheville.
