Webmaster
Inpatient Projects: Banner continues to expand in Arizona
$151 MILLION EXPANSION AT BANNER ESTRELLA IS ONE OF SEVERAL PROJECTS By John Mugford Banner Health sure looks to be gearing up for plenty of growth in Greater Phoenix. The not-for-profit health system, the second largest private employer in Arizona, recently announced that it plans to spend $151 million on a new 144-bed patient tower […]
Outpatient Projects: Surgical campus to grow with MOB
DALLAS-BASED SRP MEDICAL BREAKS GROUND ON 80,000 SQUARE FOOT FACILITY By John Mugford It looks as if the Methodist Hospital for Surgery is doing quite well in the north Dallas suburb of Addison, Texas. On a site just off the Dallas North Tollway, the 108,000 square foot, 32-bed specialty surgical hospital has been open since […]
Transactions: ARC buys MOBs from Dallas developer
SELLER IS CADDIS PARTERS; FACILITIES ARE IN ARLINGTON, SUNNYVALE, TEXAS By John Mugford Even though health systems have not been selling medical office buildings (MOBs) with much frequency in recent years, MOBs remain on the radar screens of many real estate investors. Because of this and as a result of compressed capitalization rates for such […]
Capital Markets Snapshot: Why aren’t not-for-profits borrowing?
CAIN BROTHERS PANEL EXPLORED REASONS DURING ROUNDTABLE SESSION By Cain Brothers At a recent roundtable session concerning the capital markets held by Cain Brothers bankers and professionals from private equity, operating, and strategic advisory firms, there was plenty of discussion about taxable and tax-exempt fund-raising. At the session, Cain Brothers’ E.C. Hoffman noted that tax-exempt […]
News & Analysis: Sanders stays in the mix
BUYS MIXED-USE MED PLAZA IN CHARLESTON, S.C. By John Mugford There is little doubt that the future of healthcare delivery will include a new breed of off-campus, outpatient facility that will be home to a wide range of services, perhaps provided by just one or a few main tenants, such as a large group practice […]
Product Focus: Topping $1 billion in Q1
MOB SALES GOT OFF TO A GOOD START IN 2012 By John Mugford Even with all of the uncertainty that had been looming over the U.S. Supreme Court’s decision upholding the constitutionality of the healthcare reform law, one thing remained certain during the first quarter (Q1) of 2012: Buyers were interested in healthcare real estate. […]
Industry Pulse: June 2012
WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]
Publisher’s Letter: Healthcare beats hype
KEEP YOUR FACEBOOK, GIVE ME OUR REITs By Murray W. Wolf Dear Reader: Facebook (NYSE: FB) debuted on Wall Street on May 18 with arguably the most high-profile initial public offering (IPO) in history. It was a “once in a generation opportunity” to get in on the ground floor of what could be one of […]
Companies: Doc-owned system plans big growth
DALLAS-BASED FOREST PARK MEDICAL FINDS SUCCESS DESPITE HEALTH REFORM By John Mugford Even though the Patient Protection and Affordable Care Act includes a provision that was meant to halt the construction of new physician-owned hospitals, the Forest Park Medical Center system in Dallas is moving forward with a plan to more than double its number […]
Inpatient Projects: Work started on $284M Sutter hospital
SANTA ROSA, CALIF., REPLACEMENT FACILITY WILL REPLACE A 1983 STRUCTURE By John Mugford These days, when new hospitals are planned and built they are quite often replacements for aging and inefficient facilities with too many beds. Today’s hospitals are typically smaller, sleeker, packed with the latest in medical and monitoring technology, and more user-friendly amenities […]
Outpatient Projects: Hammes selected for California MOB
WISCONSIN-BASED FIRM LEADING DEVELOPMENT FOR SUTTER IN SANTA ROSA By John Mugford Marketing started in recent weeks for a medical office building (MOB) that Brookfield, Wis.-based Hammes Co. has planned in Santa Rosa, Calif. The facility is slated for land on the future replacement campus of Sutter Medical Center of Santa Rosa (SMCSR), slated for […]
Transactions: Sentio, Caddis, docs buy MOB in Texas
JV PAYS $11.5 MILLION FOR 114,583 SQ. FT. PHYSICIANS CENTRE IN BRYANT, TEXAS By John Mugford A joint venture partnership of Orlando, Fla.-based Sentio Healthcare Properties Inc., Dallas-based Caddis Partners and a group of physicians in recent weeks acquired a 114,583 square foot MOB in Bryan, Texas, about 95 miles northwest of Houston. The city […]
Transactions: IRA Realty Capital buys MOB in Dallas
FIRM PAYS $25.5 MILLION FOR 85,879 SQ. FT. EYE INSTITUTE OF TEXAS BUILDING By John Mugford A joint venture led by Newport Beach, Calif.-based IRA Realty Capital has acquired an 85,879 square foot MOB in Dallas for $25.5 million, or $297 PSF. The property, known as The Eye Institute of Texas, was 81 percent leased […]
Transactions: Griffin-American buys MOBs for $52M
IN JUST TWO YEARS SINCE INCEPTION, REIT’S TOTAL PORTFOLIO HITS $715 MILLION By John Mugford. Griffin-American Healthcare REIT II went on a bit of a buying spree in recent weeks, making three separate acquisitions with five medical office buildings (MOBs) for a total price of $52.5 million. The transactions closed in the first quarter (Q1). […]
Capital Markets Snapshot: Europe’s turbulence a concern here
U.S. HCRE INVESTORS WILL NEED TO BALANCE FALLING YIELDS WITH RISKS By Cain Brothers A few months ago, healthcare investors were most concerned with trying to read the U.S. Supreme Court tea leaves. Now, however, we should all be worried about significant capital market turbulence coming from Europe and, to a lesser degree, China. Greece’s […]
