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Transactions (July 2008)
ProMed picks up MOBs in N.Y., Florida ACQUISITION IN WHITE PLAINS, N.Y., INCLUDES LAND FOR FUTURE DEVELOPMENT By John Mugford ProMed Properties Group has certainly been pro-medical office buildings (MOBs) in recent weeks. The North Miami Beach, Fla.-based company closed on two acquisitions: a five-MOB campus with a total of 189,000 square feet in White […]
Product Focus: Critical Access Hospitals (July 2008)
Program is benefitting CAHs NUMBER OF RURAL REPLACEMENT HOSPITALS IS ON THE RISE By Dan Emerson Just as America’s population is aging, so are its rural hospitals. In fact, most of the hospitals serving the country’s rural areas were designed and built 50 years ago or more under postwar funding provided by the Hill-Burton Act. […]
Outpatient Projects (July 2008)
Scott & White plans $133 million facility 290,000 S.F. SURGICAL SCIENCES BUILDING TO BE BUILT ON CAMPUS IN TEMPLE, TEXAS By John Mugford Scott & White, a private, not-for-profit health system based in Temple, Texas, recently announced that it is planning a $133 million, 290,000 square foot surgery center for both outpatient and inpatient procedures. […]
News and Analysis (July 2008)
Grubb goes to town HEALTHCARE REIT MAKES BUYS FOR $256M By John Mugford Don’t worry about whether Grubb & Ellis Healthcare REIT Inc. can wade through the current commercial lending crunch and slow economy. The Santa Ana, Calif.-based real estate investment trust (REIT) that focuses on healthcare properties went on a bit of a buying […]
Market Focus: Phoenix
Phoenix nixes economic downturn HOSPITALS POPPING UP IN SUBURBS AS REGION THRIVES, LOOKS TO MORE GROWTH By Beth Mattson-Tieg Statistics alone make a compelling argument for explosive healthcare development in the greater Phoenix market. Phoenix has been one of the fastest growing regions in the United States in recent years. The Phoenix metropolitan services area […]
Inpatient Projects (July 2008)
La. parish to get first hospital since Katrina HAMMES CO. TO MANAGE 40-BED PROJECT SLATED FOR POSSIBLE GREENFIELD SITE By John Mugford Ever since Hurricane Katrina devastated southern Louisiana and other Gulf Coast towns, many residents of St. Bernard Parish east of New Orleans have relied on a mobile clinic in the parking lot of […]
Industry Pulse (July 2008)
BULLITT COUNTY, Ky. – A turf war is officially brewing in growing Bullitt County, south of Louisville. Two healthcare systems are now planning to build acute care facilities in the hospital-less county. The latest to announce such plans is Brentwood, Tenn.-based LifePoint Hospitals Inc. (Nasdaq: LPNT), which would like to build a 60-bed hospital. The […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Transactions (June 2008)
Ohio provider buys MedCath hospital GOOD SAMARITAN PAYS $55 MILLION FOR COMPETITOR, DAYTON HEART HOSPITAL By John Mugford “If you can’t beat ‘em, buy ‘em.” That’s the strategy recently employed by Good Samaritan Hospital in Dayton, Ohio, which in May closed on the acquisition of one of its major cardiovascular competitors. Good Samaritan, a 577-bed […]
Q&A: Jason Dodd (June 2008)
In Dallas with Dodd JASON DODD TALKS ABOUT HOW CIRRUS GREW By John Mugford Perhaps it would be too much of a cliché to say that certain successful companies stumbled upon their models blindly. That’s because most successful businesses learn and adapt along the way. It wouldn’t be a stretch to say that Dallas-based Cirrus […]
Publisher’s Letter (June 2008)
Dear Reader: The National Association of Real Estate Editors (NAREE) – yes, there is such a group – held a conference in Dallas last month, and I had the opportunity to attend. Dollar for dollar, the best presenter was Dr. James P. Gaines, a research economist with the Real Estate Center at Texas A&M University. […]
Project Case Study: Wisconsin Lab Building (June 2008)
Medical developer sees synergies in labs HAMMES CO. DRIVES DEVELOPMENT OF $140 MILLION, 305,000 S.F. RESEARCH FACILITY By Sara Skalle Two major Wisconsin research institutions now share a new laboratory facility thanks to a Wisconsin developer better known for hospitals and medical office buildings. The pairing began when the state’s largest private research institution, […]
People (June 2008)
Lillibridge promotes, hires new execs CHICAGO-BASED FIRM SAYS MOVES ARE PART OF CONTINUING EXPANSION PLANS Staff Reports As part of what it calls its continuing plans for growth and expansion, Chicago-based Lillibridge recently announced several executive promotions and new hires. The firm announced that it has added Michael O. Lincoln as EVP of marketing and […]
Outpatient Projects (June 2008)
Boston Med Center unveils $189M plan 245,000 SQUARE FOOT AMBULATORY CARE BUILDING SET FOR CITY’S SOUTH END By John Mugford With its outpatient services scattered in several buildings, Boston Medical Center announced plans to remedy the situation with a future $189 million, 245,000 square foot ambulatory care center. The facility is to be named the […]