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Companies: BremnerDuke gets new name and logo
INDIANAPOLIS-BASED DEVELOPER IS NOW KNOWN AS DUKE REALTY HEALTHCARE Staff Reports The healthcare division at Indianapolis-based Duke Realty Corp. (NYSE: DRE) continues to develop medical facilities at a solid pace, as noted below. However, it is no longer doing so under the name of BremnerDuke Healthcare Real Estate, as it has been known since 2007. […]
Outpatient Projects: Outpatient campus revs up near Indy
72-ACRE PROJECT TO BE ANCHORED BY HOSPITAL, YMCA HEALTH/FITNESS CENTER By John Mugford Officials with Hendricks Regional Health in Danville, Ind., had ideas for a healthcare village concept when they acquired about 80 acres of land in nearby Avon in recent years. But what started out as a concept for an outpatient healthcare campus has […]
Inpatient Projects: Huge ‘healthcare city’ slated for Calif.
PROJECT IS BEING BUILT ON FORMER MARCH AIR FORCE BASE NEAR RIVERSIDE By John Mugford It’s taken about six years of planning, formulating and implementing the idea for what is being called a massive “healthcare city” on surplus land at the former March Air Force Base near the cities of Riverside and Moreno Valley, Calif., […]
Transactions: L.A. MOB complex sells for $71 million
CIM AFFILIATES PAY $350 PSF FOR WEST WILSHIRE MEDICAL CENTER, RCA SAYS By John Mugford Definitive information remains elusive concerning the recent sale of a large medical complex in Los Angeles, the West Wilshire Medical Center. Described by local brokers as a 203,000 square foot, two-building complex, the properties at 11600 and 11620 Wilshire Blvd. […]
Capital Markets Snapshot: Economic recovery: slow, unsteady
THAT SHOULD RESULT IN CONTINUED STRONG DEMAND FOR MEDICAL OFFICE By Cain Brothers Two years after the low point of the financial crisis, the U.S. economy is still struggling with its recovery. In the private sector, high unemployment (and higher underemployment), coupled with steady de-leveraging have contributed to very soft consumer demand – which has […]
Product Focus: MOB sales are improving
VOLUME RISES 76 PERCENT FROM FIRST HALF 2009 By John Mugford It looks like the long awaited rebound continues to take shape for medical office building (MOB) sales – although, some could argue, it is not quite there yet. In fact, “It’s still tough to get deals done out there,” says Alex Zylberglait, a VP […]
Special Report: Is the (third) party over?
WILL PROVIDERS DECIDE TO OWN THEIR OWN MOBs? By Murray W. Wolf In early 2009, Northwestern Memorial Hospital in Chicago issued a request for proposals (RFP) for the third-party development and ownership of a new medical office tower at its landlocked Streeterville campus on the city’s Near North Side. Plans called for razing two older […]
Industry Pulse: August 2010
SAN FRANCISCO – It looks like an opportunity to build medical office buildings (MOBs) and hospital-related buildings has emerged in an area of San Francisco that is rife with some of the world’s best known life science companies. Several parcels designated for medical office or hospital-related buildings are part of the massive, 303-acre Mission Bay […]
Editor’s Letter: Report misses the mark
FLAWED DEFINITION OF ‘MOB’ UNDERMINES SURVEY By John B. Mugford Dear Reader: Don’t get us wrong – we love all reporting that elevates the visibility of the medical office building (MOB) sector and healthcare real estate. In recent weeks, a report issued by PricewaterhouseCoopers LLC (PWC) concerning its second quarter Korpacz Real Estate Investor Survey […]
Q & A: Spencer reflects on career, sector
COGDELL SPENCER INC. CEO SAYS REIT IS ON FIRM FOOTING FOR THE FUTURE By John Mugford Ever since Frank C. Spencer joined what was then the Cogdell Group back in 1996, he has seen plenty of changes in the firm and the medical office building (MOB) industry – big, dramatic changes, on both fronts. Not […]
Companies: MOB complex back on track in Colo.
HEALTHCARE REALTY TRUST, LADCO TEAMING TO DEVELOP 200,000 S.F. PROJECT By John Mugford After a change of developers, a two-building medical office complex is once again on track at the site of the future St. Anthony Medical Campus in Lakewood, Colo. Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) and West Des Moines, Iowa-based Ladco […]
Inpatient Projects: New hospital already needs to expand
PATIENT VOLUMES TOP EXPECTATIONS AT STONE OAK HOSPITAL IN SAN ANTONIO By John Mugford When Methodist Healthcare System was planning for its hospital in the growing, affluent Stone Oak section in the northern part of San Antonio, officials predicted sharp growth in patient volumes. They were right, and then some. Just 15 months after opening […]
Outpatient Projects: Princeton proceeds with project plans
TRAMMELL CROW TO DEVELOP 146,971 SQUARE FOOT MEDICAL ARTS PAVILION By John Mugford Plans continue to take shape for a large outpatient facility that will be part of Princeton HealthCare System’s (PHCS) new replacement campus in Plainsboro Township, N.J., a few miles from its current location in Princeton. The health system has chosen Dallas-based Trammell […]
Grubb & Ellis REIT II keeps buying, too
MOBs IN THE OHIO AND TEXAS MARKETS ARE THE FIRM’S LATEST ACQUISITIONS By John Mugford The acquisition pace is picking up for Santa Ana, Calif. -based Grubb & Ellis Healthcare REIT II Inc., a new REIT that is becoming one of the most active healthcare real estate buyers in the market today. In recent weeks, […]
Transactions: Healthcare Trust Picks Up More Mobs
NON-TRADED REIT SNAPS UP MEDICAL BUILDINGS IN SOUTH CAROLINA AND TEXAS By John Mugford Healthcare Trust of America continued with its acquiring ways in recent weeks. The Scottsdale, Ariz.-based non-traded healthcare real estate investment trust (REIT) purchased a two-building medical office building (MOB) in the Dallas-Fort Worth Metroplex in Texas, an MOB in Charleston, S.C., […]