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Market Focus: Dallas-Fort Worth (June 2008)
Dallas-Fort Worth continues to boom HOUSING REMAINS STRONG, RELATIVELY SPEAKING, AND SO DOES HEALTHCARE By John Mugford While much of the country wades through an economic slump and housing downturn, the Dallas-Fort Worth area, also known as the Metroplex, continues to defy the odds. Sure, housing construction has suffered in the last year or so […]
Industry Pulse (June 2008)
NEWNAN, Ga. – Piedmont Newnan Hospital, about 30 miles southwest of Atlanta, recently received the go ahead from the state for its Certificate of Need (CON) application to build a replacement hospital. The Georgia Department of Community Health in recent weeks approved the $193.7 million proposed project, which would be built on 105 acres near […]
Transactions (May 2008)
Beverly Hills MOB sells for $869 PSF HIGH-PROFILE PLASTIC SURGEONS FILL BUILDING, WHICH IS IN A ‘SKIN’-TIGHT MARKET By John Mugford Throughout the country, the price per square foot for medical office buildings (MOBs) has leveled off in recent quarters, even dropped a bit. That’s according to statistics from New York-based Real Capital Analytics (RCA) […]
Outpatient Projects (May 2008)
Camino Medical plans $100M facility 150,000 SQUARE FOOT OUTPATIENT BUILDING SLATED FOR SITE IN SUNNYVALE, CALIF. By John Mugford Mountain View, Calif.-based Camino Medical Group recently announced plans to rebuild its main clinic in Sunnyvale, Calif., just north of San Jose. The future 150,000 square foot facility, which would have twice as much space as […]
News and Analysis: Tenet Portfolio (May 2008)
Tenet says the time is right JLL IS MARKETING 34 MOBS TOTALING 2.8M S.F. FOR PROVIDER By John Mugford The reasons that Dallas-based Tenet Healthcare Corp.’s (NYSE: THC) is looking to sell a portfolio of medical office buildings (MOBs) comprise the classic definition of a monetization in today’s world of healthcare real estate. For one […]
Market Focus: Dallas-Fort Worth (May 2008)
Metroplex on the move HOSPITALS POPPING UP IN ‘BURBS AS REGION THRIVES By John Mugford There’s no complicated explanation for the strong healthcare real estate market in the Dallas-Fort Worth metropolitan area (DFW). In fact, the driver behind the success of medical real estate in what is known as the Metroplex is growth: both in […]
Industry Pulse (May 2008)
PRINCETON, N.J. – A late-summer groundbreaking is expected for a new, $441 million University Medical Center at Princeton (UMCP), the acute care hospital of Princeton HealthCare System. The replacement hospital is scheduled to open in 2011 in nearby Plainsboro, N.J. The hospital fundraising campaign recently received a major boost in the form of a $25 […]
Editor’s Letter (May 2008)
Dear Reader: If you think this edition of Healthcare Real Estate Insights™ looks a little different, you’re right. This month, we are pleased to unveil some new features and design changes intended to make HREI™ an even more useful tool for healthcare real estate professionals. Healthcare real estate is still a bit of an emerging […]
Companies (May 2008)
Construction firm chosen for $682M tower in Oakland OAKLAND, Calif. – Alameda County, Calif., recently selected Sacramento, Calif.-based Vanir Construction Management Inc. to provide program support and construction management for a $682 million replacement tower at ACMC Highland General Hospital in Oakland. The new 161-bed tower would be connected to a new critical care and […]
Inpatient Projects (April 2008)
St. Louis Shriners OK’D for new hospital REPLACEMENT FACILITY SLATED FOR WASHINGTON UNIVERSITY MED CENTER CAMPUS By John Mugford Shriners Hospitals for Children, based in Tampa, Fla., recently approved funding to move forward on a $170 million, 247,000 square foot replacement hospital in St. Louis. The new hospital would be built on the campus of […]
Editor’s Letter (April 2008)
Dear Reader: I think I can speak for everyone here at Healthcare Real Estate Insights™ in saying that we’re proud of the work we do. And while many or you, our readers, certainly offer us ideas and suggestions for making the newsletter even better – this is certainly advice that we’re open to at any […]
Transactions (April 2008)
Grubb & Ellis makes more MOB buys HEALTHCARE REIT BUYS THREE MORE MOBs, PORTFOLIO OF SENIOR FACILITIES By John Mugford We’ve written this quite a few times in recent months, but Grubb & Ellis Healthcare REIT is continuing with its prolific pace of buying medical office buildings (MOBs) and other healthcare properties. In the past […]
Project Case Study: Senior Focus (April 2008)
ASL makes entry to independent living DEVELOPER, OWNER HAS THREE PROJECTS WITH 521 UNITS UNDER WAY IN CALIFORNIA By Dan Emerson Santa Ana, Calif.-based American Senior Living (ASL) has targeted three California cities whose age and income demographics make them fertile ground for independent living communities: Tarzana and Tustin, near Los Angeles, and Daly City, […]
Product Focus: Senior Living (April 2008)
Senior sector weathers housing turmoil A LOOK AT NEW DEVELOPMENT, DIVERSIFICATION STRATEGIES, AND CAPITAL MARKETS Editor’s note: This is the second story in our two-part series examining the senior living sector, which was one of the bright spots of the commercial real estate industry in 2007. The coverage provides a look at the issues discussed […]
Outpatient Projects (April 2008)
PMB tees up large MOB in Pasadena PASADENA, Calif. – San Diego-based Pacific Medical Buildings (PMB) recently started construction on its largest-ever medical office building (MOB), the 190,000 square foot Huntington Pavilion in Pasadena. The facility, which is slated for completion in early 2009, will include outpatient surgery, imaging, and a variety of cancer services […]