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Outpatient Projects: Boston firm plans $60M redevelopment
MOB, CLINIC IN BOSTON’S MISSION HILL WOULD PROVIDE 83,000 SQUARE FEET By John Mugford A two-story concrete structure at 800 Huntington Ave. in the Mission Hill area of Boston isn’t much to look at. In fact, the 50-year-old building is a bit of an eyesore, even though it houses several doctors and a blood lab. […]
Transactions: Seavest makes buys in Alabama, Conn.
ACQUISITIONS MARK THE FIRST FOR COMPANY SINCE 2008; MORE ARE IN PIPELINE By John Mugford On the surface, it might have looked as if White Plains, N.Y.-based Seavest Inc. laid low during the throes of the recession and the constrained capital market, waiting for better times and more opportunities to invest in medical office building […]
Transactions: Lillibridge makes buy under Ventas
COMPANY SPENDS $36.6 MILLION FOR FIVE ON-CAMPUS MOBs IN WISCONSIN By John Mugford When well-capitalized Chicago-based Ventas Inc. (NYSE: VTR) acquired its down-the-street neighbor, Lillibridge Healthcare Services Inc., earlier in 2010, an executive with the publicly traded real estate investment trust (REIT) said there would likely be some medical office building (MOB) acquisitions in the […]
Capital Markets Snapshot: Capital should be more plentiful in ‘11
WHETHER PUBLIC OR PRIVATE, DEBT OR EQUITY, FINANCING WILL BE EASIER TO GET By Murray W. Wolf Tis the season for predictions regarding the year ahead and, increasingly, the pundits have been optimistic. Admittedly, we are still plagued by policy uncertainty, a fragile economic recovery and skittish investors. And although the effects were muted in […]
People: Now that’s a road trip
CHRIS BODNAR MAY BE COMING TO A CITY NEAR YOU By John Mugford Traveling is certainly a big part of the job for numerous professionals involved in healthcare real estate. For many executives, keeping current clients happy, as well as attracting new business, translates into plenty of days spent on airplanes, in hotels and in […]
Special Report: Capitalizing on change
ADAPT FOR SUCCESS, HREI™ EDIT BOARD ADVISES By John Mugford If there is one certainty on the healthcare real estate horizon, it is uncertainty. And for that matter, change. Uncertainty about whether certain aspects of the Patient Protection and Affordable Care Act of 2010 – better known as the healthcare reform law – will be […]
Industry Pulse: December 2010
TYLER, Texas – The Obama administration has endured plenty of backlash over the passage of healthcare reform, with numerous states filing lawsuits against the federal government in an effort to repeal the law. In addition,a whole slew of Republican congressional hopefuls ran on a platform of overturning the law. For the companies and professionals involved […]
Publisher’s Letter: Repeal health reform
WE CAN’T AFFORD IT, GOVERNMENT CAN’T RUN IT By Murray W. Wolf Dear Reader: It is time to repeal the fundamentally flawed Patient Protection and Affordable Care Act, alias healthcare reform. Admittedly, repeal is unlikely. Although the GOP now controls the House, the Democrats still control the Senate and President Obama still has veto power. […]
Companies: Duke Realty chosen to develop MOB
REX HEALTHCARE SELECTS FIRM TO BUILD FACILITY IN RALEIGH, N.C., SUBURB By John Mugford Raleigh, N.C.-based Rex Healthcare recently selected Indianapolis-based Duke Realty Corp. (NYSE: DRE) as the developer of a two-story, 30,000 square foot medical office building (MOB) in the fast-growing Raleigh suburb of Holly Springs. A ground breaking was held in recent weeks […]
Companies: Firm buys doc-owned Houston hospital
NORVIN PARTNERS ACQUIRES REAL ESTATE, ARRANGES JOINT VENTURE OPERATOR By John Mugford In a deal put together by New York-based Norvin Properties and its managing partner and founder, Norman K. Livingston, Houston-based St. Luke’s Episcopal Health System recently acquired 51 percent of a new joint venture that is operating Patients Medical Center (PMC) in Pasadena, […]
Inpatient Projects: At last, a hospital in St. Bernard Parish
FIVE YEARS AFTER HURRICANE KATRINA, A $69.1 MILLION FACILITY IS UNDER WAY By John Mugford When Hurricane Katrina struck the New Orleans metropolitan area in 2005, it destroyed virtually every notable structure – including all four hospitals – in St. Bernard Parish, just south of the city. In the aftermath of the destruction, there was […]
Outpatient Projects: Freestanding EDs continue to be built
TWO NEW PROJECTS APPROVED IN NORTH CAROLINA; OTHERS UNDER WAY By John Mugford In what is certainly a nationwide trend, quite a few health systems are building freestanding emergency departments (EDs) in growing, often suburban or exurban, areas. The developments allow a health system to put its toe in the water of a new market, […]
Transactions: HTA closes on more MOB acquisitions
PACE OF PURCHASES, CONTRACTS SOARS IN PAST MONTH; $800M YEAR IN SIGHT By John Mugford Sorting through the numerous acquisitions and purchase agreements that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has made or entered in the last month can get complicated. That’s because the healthcare-focused real estate investment trust (REIT) has gone on […]
Transactions: Medical portfolio selling for $470M
SENIOR HOUSING PROPERTIES TRUST AGREES TO BUY 27 BUILDINGS IN 12 STATES By John Mugford When Seniors Housing Properties Trust was spun out of HRPT Properties Trust in 1999 as a publicly traded healthcare real estate investment trust (REIT), it retained the right of first refusal on a number of medical properties that HRPT – […]
Transactions: Hines closes on $97.9M acquisition
SUBSIDIARY BUYS DUKE UNIVERSITY-ANCHORED HOCK PLAZA I IN DURHAM, N.C. By Murray W. Wolf Hines Global REIT Properties LP recently closed on the previously announced acquisition of the 12-story, 327,160 square foot (rentable) Hock Plaza I at 2424 Erwin Rd. in Durham, N.C. The net purchase price was $97.9 million, exclusive of transaction costs, financing fees […]