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Publisher’s Letter (September 2008)
Seeking transparency NIC SPEAKER’S CHALLENGE SEEMED FAMILIAR Dear Reader: Earlier this month, I attended the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. One of my biggest “gee whiz” moments was during the keynote speech by real estate consultant Peter D. Linneman, a professor of […]
Outpatient Projects (September 2008)
Buffalo hospital plans $102M project WOMEN’S & CHILDREN’S PLAN CALLS FOR $52M AMBULATORY CENTER By John Mugford Women & Children’s Hospital of Buffalo has waited quite a few years to proceed with its plan for a new ambulatory services center. The $52 million Class A medical office building (MOB) is slated as part of an […]
News & Analysis: Cogdell Spencer JV
Cogdell ready to roll $350M JV FORMED WITH NORTHWESTERN MUTUAL By John Mugford For Charlotte, N.C.-based Cogdell Spencer Inc., the idea behind acquiring the country’s largest healthcare design/build firm earlier this year was to fuel growth by offering additional services to clients and expanding its platform nationwide. It was in March when publicly traded Cogdell […]
Inpatient Projects (September 2008)
Carolinas system submits $264.4M CON 504,090 SQUARE FOOT PROJECT WOULD INCLUDE A NEW EIGHT-STORY PATIENT TOWER By John Mugford Carolinas Medical Center-NorthEast in Concord has submitted a Certificate of Need (CON) with the state of North Carolina for a $264.4 million expansion project. CMC-NorthEast, which is part of Charlotte-based Carolinas HealthCare System, would add 424,950 […]
Industry Pulse (September 2008)
NEW YORK – There seem to be fewer large medical office building (MOB) portfolios on the market these days, the prices of the assets that are available are relatively high, and the challenging capital environment seems to have put a bit of damper on some MOB new developments. So it’s probably not surprising that some […]
Company Profile: Buxton Healthcare ID (September 2008)
Pinpointing a location, target audience BUXTON HEALTHCARE ID USES SCIENCE TO FIND BEST SPOTS FOR MEDICAL FACILITIES By John Mugford When officials with Lehigh Valley Hospital and Health Network in eastern Pennsylvania considered locations for several new outpatient facilities, they’re instincts seemed perfectly natural: follow the new rooftops. But then one of the system’s executives […]
Transactions (August 2008)
Sanders Trust buys Wisconsin portfolio MEDICAL REAL ESTATE INVESTOR PAYS $34 MILLION FOR FIVE MOBs NEAR APPLETON By John Mugford Even in his heyday as the star quarterback for the Green Bay Packers, Bart Starr wasn’t able to throw a football the 20 or so miles from Green Bay to Appleton in northeastern Wisconsin. However, […]
People (August 2008)
Bob Stephens to lead Lillibridge’s East Coast effort CHICAGO – Chicago-based Lillibridge recently hired Bob Stephens as VP of business development for the Mid-Atlantic and Northeast regions. The hiring of Mr. Stephens is part of Lillibridge’s growth plan, according to the firm. Mr. Stephens has more than 13 years of experience in the healthcare industry […]
Outpatient Projects (August 2008)
Rendina lands four development projects LATEST CONTRACTS INDICATE THE DEVELOPER HAS NO PLANS TO SLOW DOWN By John Mugford When the Rendina Cos. of Jupiter, Fla., announced that it was selling 17 of its medical office buildings in early 2007, there was plenty of speculation in the healthcare real estate industry about the company’s future. […]
Inpatient Projects (August 2008)
Huge med site planned outside Austin REGIONAL MEDICAL CENTER AND $250M PROJECT SLATED FOR THE CITY OF LAKEWAY By John Mugford A group of doctors and developers are planning a massive hospital campus and mixed-used project in Lakeway, Texas, a city of about 9,000 people located 16 miles west of Austin. The project would entail […]
Industry Pulse (August 2008)
SEATTLE – Swedish Health Services might be the dominant healthcare provider in the Seattle environs, but four area hospitals are making a legal effort to stop the system from making further inroads in the marketplace. The hospitals have their sights set on overturning a 2007 administrative judge’s ruling that paved the way for Swedish to […]
Editor’s Letter (August 2008)
Deals are slowing, for now BUT HOSPITALS CONTINUE TO BUILD AND EXPAND NATIONWIDE Dear Reader: On the surface, the latest statistics once again show that the volume of medical office building (MOB) sales transactions continues to outperform general office. We write about this in our front page article entitled, “Volume drops for MOBs.” While the […]
Companies (August 2008)
Plans set for $400M Florida hospital NEMOURS FOUNDATION ALSO NAMES ARCHITECTS, CONSTRUCTION MANAGER Staff Report The Nemours Foundation of Jacksonville, Fla., recently unveiled the site plan for its future $400 million, 95-bed children’s hospital campus in Lake Nona, a 7,000-acre master planned community within the city of Orlando. Nemours also named its team of contractors […]
Special Report: BOMA Capital Markets (August 2008)
Capital market madness BOMA PANEL EXPLORES INVESTMENT IN MOBs By John Mugford No one involved in medical office building (MOB) investments is likely to go out on a limb and say that these are robust times for the industry. Sales volume is down, lining up debt and equity is no easy task, and buyers and […]
Editor’s Letter (July 2008)
Industry leaders on the move MEMBERS OF OUR EDITORIAL BOARD PURSUE NEW VENTURES Dear Reader: A few of the members of our Editorial Advisory Board recently made job changes. This might not seem like big news on the surface, but because the members of our editorial board are indeed among the leaders of the healthcare […]