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Publisher’s Letter: Time to play it smart
CAREFUL. EVEN HEALTHCARE ISN’T BULLETPROOF. by Murray W Wolf Dear Reader: During the past year, it’s safe to say that we have dispensed with the notion that healthcare real estate is recession-proof. But we’re now beginning to get a troubling taste of how the recession might ultimately affect this sector. Clearly, there are still opportunities […]
Special Report: Are changes ahead for ground leases?
SOME HREI™ BOARD MEMBERS SAY SOME RESTRICTIONS COULD BE ON THE WAY OUT By John Mugford As medical office buildings (MOBs) became a hot commodity and more of a core investment in recent years, it seemed as if health systems selling such properties held all of the cards in their favor. In many sales, or […]
Q&A: ‘More demand than ever,’ Lauth says
NEW HEAD OF FIRM’S HEALTHCARE GROUP SAYS THAT PIPELINE REMAINS ROBUST By Murray W. Wolf The recession hasn’t been kind to many mainstream commercial real estate firms, and some have reduced payrolls in response to a sharp decline in development activity. Indianapolis-based Lauth Property Group LLC has been no exception. Yet, while business might have […]
People: DASCO Cos. Hires W. Todd Jensen as a senior VP
PALM BEACH GARDENS, Fla. – W. Todd Jensen recently joined Palm Beach Gardens, Fla.-based DASCO Cos. as senior VP, strategic relationships. Mr. Jensen has been working in real estate development for more than 20 years and was most recently with the healthcare group at Indianapolis-based Lauth Property Group. At DASCO, Mr. Jensen is responsible for […]
Companies: Bringing ASCs to the GCC
HAMMES, HEALTH INVENTURES TARGET MIDDLE EAST By John Mugford For its next big assignment, Broomfield, Colo.-based Health Inventures LLC is doing something totally familiar in a completely new setting. The owner and operator of ambulatory surgery centers (ASCs) throughout the United States was recently chosen by Bahraini-based Safe Hands Health System Holding Co. (SHHS) to […]
Outpatient Projects: Norfolk doc’s MOB dream coming true
LAUTH IS TEAMING WITH DR. KEITH NEWBY ON $70 MILLION FORT NORFOLK PLAZA By John Mugford Even though the medical district in downtown Norfolk is rife with healthcare facilities, the area had not seen the development of a new medical office building (MOB) in nearly four decades. Anyone paying attention to what’s currently happening with […]
Transactions: Grubb & Ellis takes $25.5M portfolio
HEALTHCARE REIT BUYS 10 MOBs IN ONE DEAL, PLUS MORE IN GEORGIA AND TEXAS By John Mugford Perhaps Grubb & Ellis Health-care REIT Inc. can help revive the slumping medical office building (MOB) acquisition market. At a time when MOB acquisition news is sparse, the privately operated Santa Ana, Calif.-based healthcare real estate investment trust […]
Capital Markets Snapshots: Med real estate still bucking the trend
2009 LIKELY TO BRING MORE CHALLENGES AND OPPORTUNITIES FOR THIS SECTOR As we enter 2009, many healthcare real estate investors have strong liquidity and limited near-term debt maturities, which suggests that they have the capacity to complete a significant volume of acquisitions. However, the uncertainty related to future access to the public debt and equity […]
Product Focus: How to boost MOB profits
EXPENSE CUTS CAN HAVE A BIG IMPACT, BOMA SAYS By Murray W. Wolf In a tough economy, controlling medical office building (MOB) operating expenses might be the best way to maximize net operating income (NOI) and asset value. For example, if the operating expenses (opex) for a typical 42,000 square foot, suburban, on-campus MOB were […]
Special Report: Firms are eyeing equity
MANY LENDERS REMAIN SKITTISH, HREI™ BOARD SAYS By John Mugford Whenever a group of healthcare real estate professionals gather together, they have plenty to talk about concerning business. These days, their talk often turns to concerns about everything and anything related to financing. That was certainly the case when 19 members of the Healthcare Real […]
Industry Pulse: January 2009
ORLANDO, Fla. – How in the world would one go about investing in medical office buildings (MOBs) in, perhaps, Europe, or Australia? Well, Orlando, Fla.-based CNL Financial Group and Sydney, Australia-based Macquarie Group Ltd. recently announced they are partnering up to establish a massive real estate investment trust (REIT) to pursue real estate opportunities around […]
Editor’s Letter: An even closer look
LESS NEWS MEANS MORE IN-DEPTH COVERAGE John B. Mugford Dear Reader: For the past several years, the amount news briefs we’ve included in the pages of Healthcare Real Estate Insights™ has been so great that at times it was difficult to print them all. These news items included medical office building (MOB) transactions, outpatient and […]
Companies: Consultant to aid in UT’s Ike recovery
KURT SALMON ASSOCIATES DOING STUDIES AT MEDICAL BRANCH IN GALVESTON Staff Reports The University of Texas Medical Branch (UTMB) at Galveston recently hired Atlanta-based consulting firm Kurt Salmon Associates to conduct a market, facility and financial analyses after the branch was devastated by Hurricane Ike. The Category 4 hurricane hit the Texas coast in early […]
Inpatient Projects: Oakland hospital moving on rebuilding
COST OF 155-BED TOWER NOW ESTIMATED AT $682 MILLION – UP FROM $550 MILLION Staff Reports Highland Hospital/Alameda County Medical Center in Oakland is finally moving forward on plans for a replacement hospital in order to comply with California’s seismic safety guidelines. The rebuild is now expected to cost about $680 million – up from […]
Outpatient Projects: Lillibridge on a roll with new projects
LATEST DEVELOPMENTS INCLUDE MOBs, AMBULATORY CENTER, HEALTH VILLAGE By John Mugford In recent months, newspaper headlines too numerous to count have noted that the country’s economy is in difficult straits. But also in recent months, Chicago-based Lillibridge, a healthcare real estate firm, has announced a number of new medical development deals and projects it is […]