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Inpatient Projects:Cincy hospital plans $265M project
ORTHO FACILITY WILL BE CENTERPIECE OF PROJECT BY THE CHRIST HOSPITAL By John Mugford The Christ Hospital in Cincinnati plans to begin construction this coming summer on a $265 million expansion and improvement at its main campus in the historic district of Mt. Auburn, just north of downtown. According to hospital officials as well as […]
Inpatient Projects: WVU Hospitals plans $280M tower
WEST VIRGINIA SYSTEM’S 10-STORY PROJECT TO ADD 139 BEDS IN MORGANTOWN By John Mugford WVU Hospitals Inc. in Morgantown, W.Va., proclaims that its mission is to serve all of the state’s residents. In order to better do so, the health system recently proposed a $280 million, 10-story tower on the campus of its Ruby Memorial […]
Outpatient Projects: MOB going up near new Texas hospital
PMB IS INVOLVED IN OUTPATIENT, INPATIENT DEVELOPMENTS ON LAKEWAY CAMPUS By John Mugford Mid-year in 2011, with the anticipated opening of a new hospital in fast-growing Lakeway, Texas, approaching, San Diego-based Pacific Medical Buildings (PMB) found itself having to make significant changes to its plans for a medical office building (MOB) on the campus. By […]
Outpatient Projects: Nautilus set to open new UCLA MOB
AUTOMATED PARKING SYSTEM LETS DEVELOPER REDUCE BUILDING SIZE, COSTS By John Mugford Work is wrapping up on a new 50,000 square foot MOB in Santa Monica where visitors will have their cars parked and retrieved by a fully automated system. The developer of the 16th Street Outpatient Surgery and Medical Building is Berkeley, Calif.-based Nautilus […]
Transactions: Griffin-American REIT snaps up MOBs
DURING THE FIRST QUARTER OF 2012, THE UNLISTED REIT HAS BEEN ON A TEAR By John Mugford We realize that when it comes to our coverage of healthcare real estate transactions, we’ve been giving plenty of press to Griffin-American Healthcare REIT II, the unlisted healthcare real estate investment trust (REIT) based in Newport Beach, Calif. […]
Capital Markets Snapshot: Healthcare real estate still a haven
AS INVESTORS LOOK FOR LOWER RISK, DEMAND COULD LOWER MOB CAP RATES By Cain Brothers The capital markets graphs that accompany this commentary show a sharp decline in the longer-term debt yields, with 10-year Treasury yields trading to and through 2 percent. The yields on 10-year tax-exempt debt has converged to the same level as […]
Special Report: Whither monetizations?
HOSPITALS REPORTEDLY CONSIDERING SELLING MOBs By John Mugford Little did professionals involved in healthcare real estate know that when the Greenville Hospital System in South Carolina sold 16 medical office buildings (MOBs) to an investor back in 2009, the type of sale that took place – often referred to as a health system “monetization” – […]
Product Focus: A strong close to 2011
FOURTH QUARTER SAW BIG JUMP IN MOB SALES By John Mugford Medical office building (MOB) sales were cruising along at a good and above average pace for most of 2011 until – wham! – they took off in the fourth quarter (Q4), just as many sales professionals had predicted. In fact, MOB sales in Q4 […]
Industry Pulse: February 2012
MALVERN, Pa. – With concern and awareness for concussions on the rise, more of the injuries are being diagnosed than ever before. In fact, the Centers for Disease Control (CDC) in October issued a report indicating that the number of concussions and traumatic brain injuries (TBI) among athletes under the age of 19 increased by […]
Publisher’s Letter: How to get ‘ink’ in HREI™
SAVE THE STUNTS BUT PLEASE SHARE THE NEWS By Murray W. Wolf Dear Reader: As a journalist, I am blessed – some would say “cursed” – with a fascination regarding language. Recently, I was thinking about some common words and phrases from the past that have fallen out of favor or that have simply been […]
People: REIT’s new co-sponsor adds execs
AMERICAN HEALTH INVESTORS NAMES TEAM AT GRIFFIN-AMERICAN HEALTHCARE By John Mugford Recently formed American Healthcare Investors, a commercial real estate investment firm that focuses on the acquisition and management of healthcare-related properties, recently announced the hiring of several professionals to fill the roles of division heads and key executives. The company is one of the […]
Companies: CHS to buy assets of York, Pa., system
CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the ball rolling in the […]
Inpatient Projects: Florida OKs new $125 million hospital
SHANDS JACKSONVILLE PLANS $125 MILLION HOSPITAL AND MOB NORTH OF CITY By John Mugford More than four years after it first announced plans to build a new hospital in a growing area north of Jacksonville, Fla., the Shands Jacksonville health system recently received the go ahead from the state to proceed with the project. For […]
Outpatient Projects: Large MOB set near Orlando Regional
CARLYLE INVESTMENTS PLANS TO DEVELOP MORE THAN 80,000 SQUARE FEET By John Mugford A local developer has plans for a seven-story MOB near the 808-bed Orlando Regional Medical Center just south of downtown. In order to proceed with the project, Tampa-based Carlyle Investments Inc. plans to demolish three vacant 1950s office buildings on a 2.1-acre […]
Outpatient Projects: Caddis, MedProperties team on MOB
DECEMBER COMPLETION SET FOR FLOWER MOUND HEALTH PLAZA, NEAR DALLAS By John Mugford Caddis Partners LLC and MedProperties Holdings LLC, two Dallas-based firms, are preparing to start construction in late January on a single-story medical facility in Flower Mound, Texas, north of Dallas. Construction financing closed in mid-December. The facility, to be called Flower Mound […]