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Provider Perspective: Resuscitating real estate
EXECS TALK OF TRENDS AFFECTING SYSTEMS By John Mugford Buzzwords abound in every industry, creating a notion that if one can simply stay on top of the latest trends and implement the newest innovations, success is likely to follow. In the healthcare real estate development sector, current buzzwords have to do with “repurposing” other property […]
Product Focus: Big quarter for MOB sales
$1.6 BILLION IN Q2 TOPS STRONG FIRST QUARTER. By John Mugford Medical office building (MOB) sales in the second quarter of 2012 were quite prolific, almost reminiscent of quarterly results during the boom years leading up to the recession. According to the most recent data from New York-based Real Capital analytics (RCA) Inc., a commercial […]
Industry Pulse: August 2012
NEW ALBANY, Ohio – It looks as if a city in Ohio has successfully entered the medical office building (MOB) development arena. In New Albany, a city of about 7,300 people in the northeast suburbs of Columbus, city officials are moving forward with the development of a 48,000 square foot building that will contain mostly […]
Editor’s Letter: The talk of the town
MARKET FOCUSES DIG INTO DETAILS, TRENDS By John B. Mugford. Dear Reader: This edition of Healthcare Real Estate Insights™ includes one of our most popular features, a Market Focus section on a particular major metropolitan area of the country. These highly detailed, labor-intensive projects have long been rated highly by our readers (when we have […]
Market Focus: Retail sites sizzling in the Twin Cities
PROVIDERS SEEM SOLD ON REDEVELOPED AND REPURPOSED STORE LOCATIONS By Murray W. Wolf and John B. Mugford Call it the MOB at the MOA. A major medical office building (MOB) has been proposed as part of a planned expansion of the 4.2 million square foot Mall of America (MOA) in the Minneapolis suburb of Bloomington, […]
Market Focus: Twin Cities: the future of healthcare?
‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]
People: The Lorie Damon era ends at BOMA
SHE WAS INSTRUMENTAL IN GROWING THE MOB SECTOR’S LARGEST CONFERENCE By John Mugford In considering the history of the medical office building (MOB) sector, the year 2002 seems like an eternity ago. Even though MOBs had existed for many decades prior, it was at about that point in time when the sector’s story really started […]
Outpatient Projects: Landmark developing New York MOB
DEVELOPER WILL OWN 100,000 S.F. FACILITY ALONG WITH DOCS WHO TAKE PART By John Mugford In a classic third-party development arrangement, Milwaukee-based Landmark Healthcare Facilities LLC is moving forward with plans to build, own and manage a medical office building (MOB) on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y. […]
Transactions: REIT, new to space, buys MOBs in N.C.
HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M By John Mugford In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio […]
Capital Markets Snapshot: Take heed of low yields for MOBs
AT THESE LEVELS, INVESTORS MUST UNDERSTAND MEDICAL REAL ESTATE RISKS By Cain Brothers The Cain Brothers Cap Rate, an index designed to estimate the yield of high quality MOBs, is approaching its historic low, and the spread of that index is approaching its historic high. This is indicative of the challenge that the capital markets […]
Q & A: Making a mark at RJ|MK
WONG-HAMMOND GIVES INSIGHTS INTO HER NEW ROLE By John Mugford It’s been nine months or so since Laca Wong-Hammond was named the head of healthcare real estate at what is now Raymond James | Morgan Keegan, the large investment banking, brokerage and financial services firm. In this rather short timeframe, Ms. Wong-Hammond has certainly put […]
News & Analysis: Busy times at G-A REIT
COMPANY HAS BOUGHT 14 BUILDINGS SINCE MAY By John Mugford It’s pretty obvious that Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has been finding plenty of what it’s been looking for in the healthcare real estate market so far in 2012. In fact, as of recent weeks, the real estate investment trust’s (REIT’s) year-to-date […]
Industry Pulse: July 2012
NEW YORK – In case you missed it, hyper-excitable and in-need-of-caffeine-free coffee host Jim Cramer of “Mad Money” recently had Debra Cafaro, the CEO of Ventas Inc. (NYSE: VTR), on his fast-paced CNBC show. Mr. Cramer almost seemed apologetic about never introducing Ventas to his audience in the past. The show aired just before the […]
Editor’s Letter: MOBs: Still attractive?
SOME DON’T THINK SO. WHAT’S YOUR OPINION? By John B. Mugford Dear Reader: There have been several occasions when I’ve asked readers to pick up the phone and give me a call about what they’re seeing in the healthcare real estate sector. Typically, I will hear from a few readers. But, hey, I know most […]
Provider News: Dignity buys land for ‘mini’ hospital
HEALTH SYSTEM PLANS 24-BED, $44M FACILITY IN WEST VALLEY OF PHOENIX METRO By John Mugford Jeffrey W. Land, the VP of corporate real estate for San Francisco-based Dignity Health, has said on several occasions in recent years that the hospital of the future will be significantly smaller and more efficient than those built in the […]
