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2016 HREI Insights Awards: Five questions for Jason Signor
2016 HRE Executive of the Year talks about starting and growing Caddis By John B. Mugford It’s been quite a meteoric rise for Dallas-based Caddis since its founding in 2008 by a young man with a background as a civil engineer. Since Jason Signor started the company as an evolution from the real estate arm […]
2016 HREI Insights Awards: Tim Oliver has been a HRE innovator
His legacy includes having a hand in 90-plus facilities in the past 40-plus years By Murray W. Wolf We at Healthcare Real Estate Insights™ probably first met Tim Oliver back in late 2004 or early 2005. At that time, a new healthcare real estate (HRE) company he had joined, NexCore Group, was barely one year […]
Transactions: Connecticut MOB saw high demand Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million
Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million By John B. Mugford At 95 percent occupied and sitting on the outpatient campus of a prestigious cancer institute in the Northeast, the two-year-old Medical Arts Center at The Hartford HealthCare Cancer Institute in Plainville, Conn., looked to be a lock to attract strong […]
Transactions: Benedict adds to medical portfolio
Most recent $60 million buy brings firm’s total to more than 600,000 square feet By John B. Mugford In an early fourth quarter (Q4) 2016 transaction that seemed to slip under the radar of many publications, New York-based Benedict Realty Group (BRG) closed on purchase of a $60 million, 12-building portfolio comprising mostly medical tenants […]
Outpatient Projects: MOB campus planned in Minnesota
Frauenshuh proposes MOBs near Minneapolis suburb’s prominent medical corridor By John B. Mugford In the Twin Cities of Minneapolis and St. Paul, Minn., one of the most prominent medical corridors is adjacent to the 338-bed Fairview Southdale Hospital in the affluent first-ring suburb of Edina. According to a recent Minneapolis-St. Paul Medical Office report by […]
Industry Pulse: Urgent care centers are still important, growing
The number of centers and patient volumes are increasing while wait times are declining. For those involved in the development and ownership of healthcare real estate (HRE), it looks as if owning a standalone urgent care center (UCC) building or having a UCC in your medical office building (MOB) continues to be a good bet, […]
Inpatient Projects: $275M project starts in Miami Beach
Mount Sinai continues to see growing demand for its services on Biscayne Bay By John B. Mugford When Mount Sinai Medical Center of Florida opened its first emergency department (ED) on its campus in Miami Beach in 1972, there were three other hospitals on the island, which was inhabited mostly by retirees. Things have changed […]
Industry Pulse: Docs feeling the stress of today’s environment
U.S. physicians are struggling with morale, adapting to new models and access to care. While it might be a lucrative profession, being a doctor isn’t all that easy or stress-free these days, according to the people who would know best: doctors themselves. According to the 2016 Survey of America’s Physicians by Dallas-based Merritt Hawkins, a physician […]
Post-Acute & Senior Living: $550M rehab hospital set to open
Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 […]
News Release: Woodbury’s CityPlace Unveils New Medical Office Development Plans
Elion Partners – Woodbury, MN / January 25, 2017 Elion Partners and The Davis Group Enter Joint Venture to Build 50,000 Square Feet of Medical Office Elion Partners and The Davis Group have entered a joint venture to develop a Class A medical office building at CityPlace in Woodbury, Minn. The new medical office building […]
News Release: JLL Healthcare Capital Markets had more than $1 billion in transactions in 2016
2016 Healthcare Capital Markets Transactions The JLL Healthcare Capital Markets team is proud to announce another successful year with over $1B in healthcare transactions. JLL Healthcare Capital Markets JLL Healthcare Capital Markets is the only national full service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute […]
News Release: Optimal Outcomes Project Named 2016 HREI Insights Awards™ Finalist
Optimal Outcomes was honored to be named as a finalist amongst the best of the best in healthcare real estate for the 2016 HREI Insight Awards, the only national awards totally dedicated to recognizing excellence in the areas of healthcare real estate development and executive leadership. Optimal Outcomes’ Brandon Medical Pavilion was named Finalist among […]
News Release: Marcus & Millichap Facilitates the Largest 2016 Medical Office Transaction in Michigan
January 23, 2017 GRAND RAPIDS, Mich., Jan. 23, 2017– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Women’s Health Center of West Michigan, a four-story, 106,806-square-foot medical office building. The Class A asset is 93 percent occupied […]
Thought Leaders: Navigant’s 2017 Healthcare Trends
Navigant’s 2017 Healthcare Outlook Is healthcare breaking bad or headed in the right direction? The ACA’s future is uncertain with a new president occupying the Oval Office, but it’s clear the pressure on providers to improve quality and reduce costs will only intensify, no matter the new administration’s approach. Following are trends that will impact […]
News Release: Peter Scott to Join HCP as Executive Vice President and Chief Financial Officer
News Release Issued: Jan 23, 2017 (8:55am EST) IRVINE, Calif., Jan. 23, 2017 /PRNewswire/ — HCP (NYSE:HCP) today announced that Peter Scott will join the company as Executive Vice President and CFO, effective February 13, 2017. Mr. Scott succeeds Tom Herzog who was appointed Chief Executive Officer in January 2017. “On behalf of our Board, Executive […]