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Outpatient Projects: Ryan adding MOB in Milwaukee suburb
MINNEAPOLIS-BASED DEVELOPER BUILDING $14 MILLION FACILITY FOR FROEDTERT By John Mugford It looks as if Minneapolis-based Ryan Cos. US Inc. is building more space for Milwaukee-based Froedtert Health Inc. in the growing Milwaukee suburb of Menomonee Falls.
Outpatient Projects: VA plans $150M N.C. outpatient clinic
DEVELOPER WILL OWN THE 350,000 S.F. FACILITY AND LEASE IT BACK TO THE VA By John Mugford The U.S. Department of Veterans Affairs (VA) has its site locked and loaded and is moving forward with soliciting contractors to build its future $150 million, 350,000 square foot outpatient center in Kernersville, N.C., about 11 miles outside […]
Transactions: Griffin-American pays $51M for MOBs
BUILDINGS LOCATED IN KNOXVILLE, ON CAMPUS OF FUTURE PROTON FACILITY By John Mugford Prolific healthcare real estate investor Griffin-American Healthcare REIT II Inc., an unlisted real estate investment trust (REIT), recently acquired two medical office buildings (MOBs) on the campus of a future proton beam therapy facility in Knoxville, Tenn. The Newport Beach, Calif.-based REIT, […]
Capital Markets Snapshot: A lot on the table: QE3, election, etc.
LARGEST INVESTORS SEEM CONTENT TO WAIT FOR MEDICAL OPPORTUNITIES By Cain Brothers We are in a very interesting window for the healthcare real estate capital markets and the capital markets in general. The Federal Reserve recently announced its newest initiative to try and achieve its goal of reaching full employment. Given the challenges of our […]
Company Profile: HSA primed for growth
DEVELOPER COVERS SPECTRUM OF DEAL SIZES By John Mugford Back in the mid-1990s, a small division of a real estate investment trust (REIT) in Chicago was just starting to delve into healthcare real estate, providing advisory, leasing and sales brokerage services, among others, to a number of area health systems. Thanks to one of those […]
News & Analysis: HCP making $179M buy
REIT ACQUIRING 12 PROPERTIES FROM THE BOYER CO. By John Mugford For a while, Long Beach, Calif.-based HCP Inc. (NYSE: HCP) was not making many headlines when it came to acquiring medical office buildings (MOBs). The publicly traded real estate investment trust (REIT) has quite a diverse, $19 billion portfolio that spans 46 states and […]
Industry Pulse: September 2012
NATIONWIDE – As the country awaits one of the most intriguing and perhaps important election seasons in recent memory – an importance driven, in large part, by healthcare – the healthcare industry continues to operate under a cloud of uncertainty. As a result, some entities and people involved in the business, including hospitals and health […]
Publisher’s Letter: Our rites of passage
HEALTHCARE REAL ESTATE IS NOW IN TRANSITION By Murray W. Wolf Dear Reader: Any parent who has sent a child off to college can probably empathize with the conflicting emotions you feel when you drive away and leave your son or daughter on campus. After you say your good-byes, successfully hold back tears (or […]
Companies: Savills advises on $1.3B of MOB sales
INVESTMENT BANK CLOSED ON FIVE MAJOR TRANSACTIONS IN PAST EIGHT MONTHS By John Mugford Savills Healthcare Real Estate Group in New York – a unit of Savills LLC – has had quite a run of marketing and brokering MOB portfolios during the past eight months or so. During that time, the medical real estate financing […]
Companies: Foulger-Pratt gains big capital partner
WITH A RECAPITALIZATION, NEW VENTURE LOOKS TO INVEST IN THE $200M RANGE By John Mugford You could call them business marriages made in joint-venture heaven. Many regional healthcare real estate developers and medical office building (MOB) owners are looking for an influx of capital so that they can grow their businesses at a time when […]
Inpatient Projects: New VA med center finally under way
$1 BILLION REPLACEMENT FACILITY SLATED TO OPEN IN NEW ORLEANS IN 2014 By John Mugford Hurricane Katrina and the flooding it caused destroyed much of New Orleans back in 2005. Included in the destruction were a number of hospitals, such as the U.S. Department of Veterans Affairs (VA) hospital. Since then, the 70,000 registered veterans […]
Outpatient Projects: MOBs going up at new Texas hospitals
DUKE REALTY DEVELOPING 186,500 S.F. OF SPACE FOR SCOTT & WHITE SYSTEM By John Mugford Construction is under way on two medical office buildings (MOBs) on two separate future hospital campuses of Temple, Texas-based Scott & White Healthcare. The MOBs, which are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), are being built in […]
ARC buys $63M Wisconsin portfolio
NEW YORK-BASED UNLISTED REIT BUYS BUILDINGS OCCUPIED BY AURORA MEDICAL By John Mugford ARC Healthcare Trust, an unlisted real estate investment trust (REIT) based in New York, is making its case for being one of the most aggressive buyers of medical real estate. In July, the REIT added to its string of recent acquisitions by […]
Transactions: Details dribbling out on HCN MOB buy
HEALTH CARE REIT BOUGHT A DOZEN MOBs FROM A PAIR OF TEXAS DEVELOPERS By John Mugford and Murray W. Wolf This could be the best-kept secret in healthcare real estate – or at least it was. In what might end up going down as one of the larger transactions of 2012, Toledo, Ohio-based Health Care […]
Capital Markets Snapshot: Is there a ride in store for this fall?
PRESIDENTIAL ELECTION, EUROPEAN DRAMA COULD SPUR MARKET REACTIONS By Cain Brothers Healthcare real estate capital markets are at exceptionally low levels, as are all high-quality U.S. credit markets. At the same time, transaction volume is relatively low as many health systems are instead focused on mergers with other hospitals and integration strategies with physicians.
