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News & Analysis: Prez election a big one
BUT WILL RESULT AFFECT HEALTHCARE R.E. SECTOR? By John Mugford Does the outcome of the presidential election matter for healthcare real estate? “No, at least in terms of changing current healthcare trends.” For the most part and for the near-term, that’s the answer, at least according to more than a dozen politics-watching healthcare real estate […]
Industry Pulse: October 2012
Which commercial real estate (CRE) property types have the best prospects for 2013? Medical office buildings (MOBs) rank near the top, according to a newly released report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Unveiled Oct. 17 at the ULI Fall Meeting in Denver, the report, “Emerging Trends in Real Estate,” found that “The real estate recovery is set to advance in 2013 as modest gains in leasing, rents and pricing will extend across U.S. markets from coast to coast and improve prospects for all property sectors.” The study included interviews and survey responses from more than 900 real estate experts.
Publisher’s Letter: ‘Taxmageddon’ ahead?
SELLERS HAVE EXTRA INCENTIVE AS DEC. 31 NEARS Dear Reader: As you surely know, “fiscal cliff” refers to the dilemma the U.S. government will face at midnight Dec. 31. That’s when the Budget Control Act of 2011 is scheduled to go into effect. The act was signed into law by President Obama on Aug. 2, […]
Transactions: Archway Holdings buys Arizona MOB for $20 million
By John Mugford GLENDALE, Ariz. – Nearly everyone involved in healthcare real estate is talking about the onslaught of new buyers, or interested buyers, that are combing the market for well-leased MOBs with strongly credited tenants these days. One of the relatively new, active investors certainly looks to be Beverly Hills, Calif.-based Archway Holdings Corp., […]
People: HREI™ board welcomes new members
CHANGES AND ADDITIONS MADE TO EDITORIAL ADVISORY COUNCIL FOR 2012-13 Several changes were recently made to the Healthcare Real Estate Insights™ Editorial Advisory Board, Editor John B. Mugford has announced. Three new members were added, two members swapped roles with others in their companies, and one member stepped down after leaving the industry. “We greatly […]
News Release: Just Closed Northside East Cobb Medical Campus
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Northside East Cobb Medical Campus. Sale Date: Sale Price: Sale PPSF: Building Size: Occupancy: YOC: March 21, 2012 $19,200,000 $277 69,341 SF 96.85% 1985, 1990, 1991 (renovated 2009) The CBRE Healthcare Capital Markets Group is pleased to announce the sale of the Northside East Cobb […]
Feature Story: 2015 HREI Insights Awards Finalists: Best Post-Acute/Senior Living
The Piper, Kansas City Developer: Assisted Living Associates With the development of The Piper, Assisted Living Associates, a partnership of PAR Development, Clarkson Construction Co. and Action Pact, is unveiling its household model. In The Piper’s family-size households, residents mingle or retreat into the privacy of their own apartment. The three-story, 100,000 square foot facility […]
Inpatient projects: Plans unveiled for $360M N.D. hospital
371-BED FACILITY WOULD REPLACE OLDER CAMPUS AND BE BUILT OUT OF FLOOD PLAIN By Dan Emerson While much of the country is struggling to dig out of the recession, the state of North Dakota has been enjoying an economic boom, fueled in large part by new oil-field discoveries. At the same, the state’s largest city, […]
Outpatient Projects: Duke Realty starts $11M Michigan MOB
Marquette General will occupy the entire 43,145 square foot facility in the Upper Peninsula By John Mugford Indianapolis-based Duke Realty (NYSE: DRE) recently broke ground for a 43,145 square foot, $11 million medical office building (MOB) in Escanaba, located in Michigan’s Upper Peninsula (U.P.). The future MOB will be fully occupied by Marquette General Hospital, […]
Outpatient Projects: MOBs planned for heart of Woodlands
PISULA DEVELOPMENT CO. IS BUILDING 20,000 AND 50,000 SQUARE FOOT FACILITIES By John Mugford In an area that is emerging as a focal point of The Woodlands, Texas, two new medical office buildings (MOBs) are will soon be part of the commercial real estate lineup. One of the buildings, a 20,000 square foot facility, is […]
Transactions: Rising demand for one-off MOB deals?
TWO CALIFORNIA DEALS INDICATE THAT PRIVATE BUYERS ARE LOOKING TO MEDICAL By John Mugford Out in California, two recent medical office building (MOB) transactions probably won’t make headlines in many business or real estate publications, be they local or national. Even so, the deals are garnering coverage here in Healthcare Real Estate Insights™ because they […]
Transactions: Major portfolio to be sold
FIRST BIG HOSPITAL-DRIVEN MONETIZATION SINCE 2009 By John Mugford True hospital monetizations of medical office building (MOB) portfolios have been rare in recent years. At press time, however, Healthcare Real Estate Insights™ learned from at least a couple of industry sources who did not want to be named that Scottsdale Healthcare in Arizona was about […]
Transactions: Landmark portfolio, NorthMarq MOB
The Landmark portfolio ■ Jersey City MOB in Jersey City, N.J. This 67,831 square foot facility is on the campus of Jersey City Medical Center. The new MOB was completed in 2010, is 100 percent occupied and is on land owned by the hospital and leased to the building owner through a long-term ground lease. […]
Inpatient Projects: Hospital set for College Station, Texas
SCOTT & WHITE BUYS LAND, PLANS $165 MILLION FACILITY THAT WOULD OPEN IN 2013 By John Mugford The land is secure, plans are finalized and now construction can begin on the future five-story, 320,000 square foot Scott & White Hospital College Station, Texas. Temple, Texas-based Scott & White Healthcare recently acquired a 98-acre site on […]
Special Report: RealShare-Hospital Expansion
Are MOBs an endangered species? PROBABLY NOT, BUT PANELISTS SAY DESIGN, FINANCING, OWNERSHIP WILL CHANGE By Murray W. Wolf Will medical office buildings (MOBs) go the way of the rotary phone? Perhaps that is an exaggeration. But the way MOBs are designed, financed and owned is already changing, according to a panel of healthcare providers […]