Inpatient Projects: Shore Health plans 126-bed replacement
S ystems hopes to break ground this summer for hospital costing at least $242M By John B. Mugford The city of Easton, Md., is home to a 100-year-old hospital, the venerable Shore Health System’s Memorial Hospital. Needless to say, healthcare has changed plenty during the last century, prompting the health system, which became part of […]
Outpatient Projects: Huge cancer center planned for NYC
Former city-owned site will be home to 21-story, 750,000 square foot facility By John B. Mugford In the heart of perhaps the world’s most costly real estate market – Manhattan – building a new outpatient healthcare facility can be quite an undertaking, and an expensive one at that. If you’re going to build something, you […]
Transactions: ARC Healthcare closes strong in 2012
Unlisted REIT makes six buys in December, wrapping up a busy fourth quarter By John B. Mugford As 2012 came to a close, all indications – as well as the words of medical office buildings (MOB) sales brokers and investors – were pointing to a strong fourth quarter (Q4) for the nationwide sales volume of […]
HEALTHCARE’S OTHER ‘RETAIL STRATEGY’
Much has been said recently about creating a “retail strategy.” But most of those discussions have been focused on the idea of putting healthcare services in retail locations. What about the much older strategy of putting retail services in healthcare facilities? That idea is still alive and well – and is perhaps more important than […]
Q & A: Seavest Healthcare as active as ever
PRESIDENT DOUG RAY DISCUSSES RECENT $332 MILLION SALE, FIRM’S STRATEGY By John Mugford Throughout the era in which the medical office building (MOB) sector has grown up and gained prominence as a significant asset class, White Plains, N.Y.-based Seavest Healthcare Properties has been involved as an investor in both the development and acquisition of such […]
Companies: Developer finishes third cancer center
OPTIMAL OUTCOMES OPENS 36,000 FACILITY IN TAMPA, FLA., FOR GROWING GROUP By John Mugford For St. Petersburg, Fla.-based Optimal Outcomes LLC, developing comprehensive cancers centers has become a strong niche among the services it offers. In fact, the healthcare development firm recently completed a new 36,000 square foot, $9.5 million cancer center in Tampa, Fla., […]
Inpatient Projects: After 4 years, Texas hospital on track
MEDISTAR CORP. PLANS TOP OPEN 174-BED FACILITY IN LATE 2013 NEAR HOUSTON By John Mugford All systems certainly seemed to be “go” back in 2007 when Medistar Corp. landed an operating partner for a new privately owned hospital it had planned for Webster, Texas, southeast of Houston. Everything remained on track after construction started and […]
Special Report: Cautious but committed
MOBs STILL IN HIGH DEMAND BY INVESTORS, LENDERS By Murray W. Wolf Medical office building (MOB) sales volume for this year seems destined for its highest level since at least 2008, as capital has continued to stampede toward what is one of the best-performing real estate asset classes. Yet, at the same time, equity investors […]
News & Analysis: MOB’s PSF breaks record
IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT By John Mugford In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession. Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it […]
Industry Pulse: December 2012
BLOOMINGTON, Minn. – It looks as if the massive Mall of America, sometimes referred to as the “megamall,” will not be getting the “mega” healthcare tenant that it was counting on to be the anchor of a new building in its long-planned Phase II expansion. Officials with Rochester, Minn.-based Mayo Clinic said in recent weeks […]
$252M cancer center set for Virginia
INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform,
Inpatient Projects: North Phoenix to get a new hospital
JOHN C. LINCOLN HEALTH NETWORK BUYS LAND, PLANS CAMPUS WITH 120 BEDS By Dan Emerson Sure, the recession may have hit Greater Phoenix fairly hard, slowing residential growth and limiting new commercial real estate development, including medical projects. However, there are signs that the economy is improving, and now a new ground-up hospital for the […]
Outpatient Projects: $252 million cancer center set for Va.
INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform, it is no coincidence that new, state-of-the-art cancer centers are a hot development product. Quite a number of providers are planning these plan large, comprehensive cancer […]
Transactions: Health Care REIT buys MOB for $46.5M
THE 147,225 SQUARE FOOT WALDEMERE MEDICAL PLAZA IS IN SARASOTA, FLA. By John Mugford One of the key outpatient buildings on the campus of Sarasota Memorial Hospital in the oceanside town of Sarasota, Fla., recently changed hands. In a very substantial price for a transaction involving a single building, Toledo, Ohio-based Health Care REIT Inc. […]
Provider Perspective: Ambulatory alternatives
BANNER, MD ANDERSON AND SCRIPPS TEST TACTICS By Murray W. Wolf Most healthcare providers would agree that their “ambulatory strategy” is a top priority these days as they strive to reduce costs, improve access to care and compete more effectively. But what exactly is an ambulatory strategy?
