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Industry Pulse: December 2012
BLOOMINGTON, Minn. – It looks as if the massive Mall of America, sometimes referred to as the “megamall,” will not be getting the “mega” healthcare tenant that it was counting on to be the anchor of a new building in its long-planned Phase II expansion. Officials with Rochester, Minn.-based Mayo Clinic said in recent weeks […]
Editor’s Letter: Some certainty at last?
ELECTION CLEARS THINGS UP, AT LEAST UNTIL ‘14 By John B. Mugford Dear Reader: Here are at Healthcare Real Estate Insights™, we thoroughly enjoy talking with people involved in the healthcare real estate sector about, well, healthcare real estate. And during these talks and interviews, we get the sense that a majority of those involved […]
People: Mark Johnson joins Cushman Wakefield as director of PM
NEW YORK – New York-based Cushman & Wakefield recently hired Mark Johnson as director of property management, healthcare facilities. Mr. Johnson is based in Rosemont, Ill., overseeing the company’s service delivery platform while, according to the company, he helps drive “the continued growth of the firm’s Healthcare Practice Group.” “Mark’s healthcare sector knowledge and experience […]
Inpatient Projects: North Phoenix to get a new hospital
JOHN C. LINCOLN HEALTH NETWORK BUYS LAND, PLANS CAMPUS WITH 120 BEDS By Dan Emerson Sure, the recession may have hit Greater Phoenix fairly hard, slowing residential growth and limiting new commercial real estate development, including medical projects. However, there are signs that the economy is improving, and now a new ground-up hospital for the […]
Outpatient Projects: $252 million cancer center set for Va.
INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform, it is no coincidence that new, state-of-the-art cancer centers are a hot development product. Quite a number of providers are planning these plan large, comprehensive cancer […]
Transactions: Health Care REIT buys MOB for $46.5M
THE 147,225 SQUARE FOOT WALDEMERE MEDICAL PLAZA IS IN SARASOTA, FLA. By John Mugford One of the key outpatient buildings on the campus of Sarasota Memorial Hospital in the oceanside town of Sarasota, Fla., recently changed hands. In a very substantial price for a transaction involving a single building, Toledo, Ohio-based Health Care REIT Inc. […]
Transactions: Griffin-American hits $1 billion in value
RECENT ACQUISITIONS ENABLE UNLISTED REIT TO REACH INVESTMENT MILESTONE By John Mugford Showing that it is willing to acquire a variety of healthcare real estate property types, Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. recently completed acquisitions of three Los Angeles area hospitals and three MOBs in Texas and Georgia. The unlisted REIT paid […]
Capital Markets Snapshot: Differing perspectives offer insights
PLAYERS WILL HAVE DIFFERENT MOTIVATIONS AS REFORM IS IMPLEMENTED By Cain Brothers As the drama around the presidential election fades and the healthcare industry focus shifts to implementation of the Accountable Care Act, understanding the process and potential outcome of the enabling legislation that will truly define the ACA’s implementation will require perspective. How the […]
Provider Perspective: Ambulatory alternatives
BANNER, MD ANDERSON AND SCRIPPS TEST TACTICS By Murray W. Wolf Most healthcare providers would agree that their “ambulatory strategy” is a top priority these days as they strive to reduce costs, improve access to care and compete more effectively. But what exactly is an ambulatory strategy?
News & Analysis: Big buys for Duke Realty
FIRM INVESTS $434 MILLION IN TWO MOB PORTFOLIOS By John Mugford Heading into the fourth quarter (Q4), brokers involved in medical office sales predicted that transaction activity would likely be brisk in the months leading up to the end of 2012. That’s because, they said, a number of owners considering selling properties at some point […]
Industry Pulse: November 2012
SCOTTSDALE, Ariz. – Most health-care real estate (HRE) professionals probably wouldn’t be big fans of a company that sells online medical consultations. After all, more virtual doctor visits would presumably mean fewer in-person doctor visits, reducing demand for bricks and mortar medical office buildings (MOBs) and other healthcare facilities. So, when the CEO of MeMD […]
Editor’s Letter: Many questions loom
ELECTIONS, INSURERS, TAXES, SUPPLY – OH MY! By John B. Mugford Dear Reader: I have had a lot on my mind lately when it comes to healthcare and healthcare real estate. I’m sure I’m not alone, as anyone who pays attention to this sector must feel the same way.
Q & A: Cushman & Wakefield foresees growth
LONGTIME CONSULTANT MASON HIRED TO HELP EXPAND FIRM’S HEALTHCARE UNIT By John Mugford New York-based Cushman & Wakefield and its thousands upon thousands of brokers throughout the country – and the world for that matter – have certainly been involved in the healthcare real estate sector over the years. However, when the nearly 100-year-old real […]
Companies: Hammes starts 3rd CAH for Va. system
FIRM IS PROJECT MANAGER FOR CRITICAL ACCESS HOSPITALS IN VIRGINIA, W. VA. Staff Report In today’s complicated healthcare landscape, much focus is being paid to the numerous consolidations taking place and the formation of regional and super-regional health systems. Where does this leave the smaller hospitals and health systems serving patients in rural areas, especially […]
Companies: Firm looking to invest up to $1 billion
WITH BERKSHIRE AS ITS NEW PARTNER, MONTECITO IS BACK IN THE BUYING MODE By John Mugford Chip Conk likes to call the years leading up to the recession as the “go-go” years for making acquisitions in the healthcare real estate sector. And Santa Barbara, Calif.-based Montecito Medical Acquisition Co., of which Mr. Conk is the […]
