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Outpatient Projects: MOB going up at new Einstein campus
ALTER+CARE IS DEVELOPING 75,000 SQUARE FOOT FACILITY IN EAST NORRITON, PA. By John Mugford As an example of how consolidations and new alliances among health systems can provide opportunities for medical development firms, Chicago-based Alter+Care is in the midst of developing a 75,000 square foot medical office building (MOB) on a future hospital campus in […]
Transactions: Grubb REIT to buy eight more MOBs
SOON-TO-BE-RENAMED REIT AGREES TO PAY $112M FOR ABOUT 451,000 S.F. By John Mugford The fourth quarter (Q4) was supposed to bring plenty of good cheer and the closing of a number of large medical office building (MOB) transactions. Even though things remained relatively quiet on the Q4 sales front through the end of November, several […]
Capital Markets Snapshot:Top 10 issues facing markets in 2012
COMING YEAR COULD BRING SOME RISKS, BUT OPPORTUNITIES ALSO ABOUND By Cain Brothers As we approach the waning days of 2011 and the start of a new year, the capital markets are full of intrigue, which promises for another eventful year in 2012. This is likely to be true for the healthcare real estate markets, […]
Special Report: 2012 prediction: déjà vu
HREI™ BOARD EXPECTS COMING YEAR TO BE SIMILAR By John Mugford Anyone hoping to get a preview of what the healthcare real estate sector will look like in 2012 can, for the most part, take a look back at 2011. That’s because some of the industry’s most experienced professionals believe that, barring any unforeseen circumstances, […]
News & Analysis: Ventas now king of MOBs
REIT BUYS COGDELL SPENCER AND ITS 72 BUILDINGS By John Mugford For many firms involved in the medical office building (MOB) sector, building a portfolio of significant scale requires years of developing and acquiring facilities. Chicago-based Ventas Inc. (NYSE: VTR), however, has taken a different and certainly quicker route to becoming the largest owner of […]
Industry Pulse: December 2011
KATY, Texas – In late December, Indianapolis-based Duke Realty Corp. (NYSE: DRE) closed on the acquisition of three medical office buildings (MOBs) on the campus of the Christus St. Catherine campus in Katy, a suburb west of Houston. The acquisition closed as this edition of Healthcare Real Estate Insights™ was going to press. As a […]
Publisher’s Letter: Serious about seniors
By Murray W. Wolf. Dear Reader: We have all recognized for many years that there is a big potential opportunity in the senior living sector. The market has had its ups and downs. But we all ultimately expect demand to grow for independent living, assisted living, skilled nursing and memory care facilities, as well […]
Senior Living: Senior moment? Sector is heating up
INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]
Provider News: Chicago-area systems close on merger
PROVENA-RESURRECTION COMBINATION CREATES LARGEST SYSTEM IN ILLINOIS By John Mugford In the era of healthcare reform, much of the merger and acquisition activity taking place among hospitals and health systems involves healthy, financially strong entities purchasing smaller, perhaps struggling ones. That’s not the case with two systems in Greater Chicago area which recently announced a […]
Inpatient Projects: Columbia, S.C., to get a new hospital
PALMETTO HEALTH BREAKS GROUND ON 76-BED FACILITY ON NORTH SIDE OF CITY By Dan Emerson A ground breaking ceremony was held in late October for a future hospital to serve the growing, hospital-bed deprived area of northwest Columbia, S.C. Palmetto Health is investing nearly $100 million into the future Palmetto Baptist Parkridge Hospital, which is […]
Outpatient Projects: Northwestern has high hopes for MOB
HOSPITAL UNVEILS PLANS FOR $334 MILLION, 25-STORY, 1 MILLION S.F. FACILITY By John Mugford For years, healthcare real estate developers have been noting that many medical office buildings (MOBs) have been getting larger, especially those with a variety of specialties, surgery facilities, diagnostic imaging centers, and host of other services. Well, there are large medical […]
Outpatient Projects: MOB planned for north Atlanta suburb
DUKE REALTY TO DEVELOP 52,000 S.F. FACILITY FOR NORTH FULTON HOSPITAL By John Mugford It looks as if a need for Class A medical office space near the 202-bed North Fulton Hospital in Roswell, Ga., will be filled by the fall of 2012. That’s when Indianapolis-based Duke Realty Corp. (NYSE: DRE), a publicly traded real […]
Outpatient Projects: Baltimore MOB grows at last minute
NEXCORE WAS ABOUT TO START WORK WHEN HOSPITAL ASKED FOR MORE SPACE By John Mugford Anyone involved in the development of medical office buildings (MOBs) understands the need to remain flexible and ready to make changes in a project’s plans, even late in the pre-development process. Denver-based NexCore Group LP, a medical real estate developer, […]
Transactions: SNH makes final acquisition from CWH
BUT THE HEALTHCARE REIT IS STILL AN ACTIVE BUYER OF MEDICAL BUILDINGS By John Mugford A big pipeline that Newtown-based Senior Housing Properties Trust (NYSE: SNH) has used to make large, off-market healthcare portfolio acquisitions in recent years is finally empty. According to the real estate investment trust (REIT), the recent closing of one last, […]
Transactions: Details emerge on Scottsdale MOBs
HEALTH SYSTEM-OFFERED PORTFOLIO INCLUDES DEVELOPMENT OPPORTUNITIES. By John Mugford Acquiring medical office building (MOB) portfolios directly from health systems can have unique perks for buyers, as the assets often include hospital tenants and their solid credit ratings. Plus, the portfolios often are composed of a large share of on-campus facilities, which many investors favor over […]