News & Analysis: Big buys for Duke Realty
FIRM INVESTS $434 MILLION IN TWO MOB PORTFOLIOS By John Mugford Heading into the fourth quarter (Q4), brokers involved in medical office sales predicted that transaction activity would likely be brisk in the months leading up to the end of 2012. That’s because, they said, a number of owners considering selling properties at some point […]
Companies: PMB, Erdman finish California clinic
124,000 S.F. MOB CONSOLIDATES PROVIDERS FOR FACEY MEDICAL IN MISSION HILLS By John Mugford As the 90-year-old, Mission Hills, Calif.-based Facey Medical Group continued to grow in recent years,
Inpatient Projects: New Orleans healthcare in recovery
NEW $78 MILLION HOSPITAL IN CHALMETTE IS FIRST SINCE HURRICANE KATRINA By Dan Emerson Seven years after Hurricane Katrina and the subsequent flooding crippled the New Orleans area’s healthcare infrastructure,
Outpatient Projects: Rendina starts cancer center in Va.
FIRM’S EXECUTIVES SAY PERSONAL EXPERIENCES MAKE THIS PROJECT SPECIAL By John Mugford A $10 million cancer center being developed by Jupiter, Fla.-based Rendina Cos. is under way on the campus of Southside Regional
Outpatient Projects: Duke Realty starts MOB near Atlanta
WORK BEGINS ON 100,817 S.F. NORTHSIDE CHEROKEE TOWNE LAKE FACILITY By John Mugford Indianapolis-based Duke Realty Corp. recently started the development of a facility that is considered to be a classic example of the type of facility that health systems need to deliver medical care in the new era of healthcare reform. Duke Realty’s future […]
Transactions: ARC Healthcare gets MOB in Michigan
UNLISTED REIT PAYS $30.43 MILLION FOR OFF-CAMPUS PROPERTY IN PAW PAW By John Mugford In today’s medical office building (MOB) transaction arena, aggressive pricing is the norm when it comes to the sales of high-quality facilities with strong lease terms and tenants with good, perhaps hospital, credit. In fact, professionals involved in healthcare real estate […]
Product Focus: Q3 again strong for sales
$1.24 BILLION IN MOB DEALS IS TOPS Q3 2011 BY 75% By John Mugford With all of the investor money chasing medical office buildings (MOBs) these days, the volume of sales taking place in any given quarter is largely dependent on one factor: how much desirable product sellers are willing to put on the market. […]
News & Analysis: Prez election a big one
BUT WILL RESULT AFFECT HEALTHCARE R.E. SECTOR? By John Mugford Does the outcome of the presidential election matter for healthcare real estate? “No, at least in terms of changing current healthcare trends.” For the most part and for the near-term, that’s the answer, at least according to more than a dozen politics-watching healthcare real estate […]
Q & A: Cushman & Wakefield foresees growth
LONGTIME CONSULTANT MASON HIRED TO HELP EXPAND FIRM’S HEALTHCARE UNIT By John Mugford New York-based Cushman & Wakefield and its thousands upon thousands of brokers throughout the country – and the world for that matter – have certainly been involved in the healthcare real estate sector over the years. However, when the nearly 100-year-old real […]
Companies: Hammes starts 3rd CAH for Va. system
FIRM IS PROJECT MANAGER FOR CRITICAL ACCESS HOSPITALS IN VIRGINIA, W. VA. Staff Report In today’s complicated healthcare landscape, much focus is being paid to the numerous consolidations taking place and the formation of regional and super-regional health systems. Where does this leave the smaller hospitals and health systems serving patients in rural areas, especially […]
Companies: Firm looking to invest up to $1 billion
WITH BERKSHIRE AS ITS NEW PARTNER, MONTECITO IS BACK IN THE BUYING MODE By John Mugford Chip Conk likes to call the years leading up to the recession as the “go-go” years for making acquisitions in the healthcare real estate sector. And Santa Barbara, Calif.-based Montecito Medical Acquisition Co., of which Mr. Conk is the […]
Outpatient Projects: Ryan adding MOB in Milwaukee suburb
MINNEAPOLIS-BASED DEVELOPER BUILDING $14 MILLION FACILITY FOR FROEDTERT By John Mugford It looks as if Minneapolis-based Ryan Cos. US Inc. is building more space for Milwaukee-based Froedtert Health Inc. in the growing Milwaukee suburb of Menomonee Falls.
Outpatient Projects: VA plans $150M N.C. outpatient clinic
DEVELOPER WILL OWN THE 350,000 S.F. FACILITY AND LEASE IT BACK TO THE VA By John Mugford The U.S. Department of Veterans Affairs (VA) has its site locked and loaded and is moving forward with soliciting contractors to build its future $150 million, 350,000 square foot outpatient center in Kernersville, N.C., about 11 miles outside […]
Transactions: Griffin-American pays $51M for MOBs
BUILDINGS LOCATED IN KNOXVILLE, ON CAMPUS OF FUTURE PROTON FACILITY By John Mugford Prolific healthcare real estate investor Griffin-American Healthcare REIT II Inc., an unlisted real estate investment trust (REIT), recently acquired two medical office buildings (MOBs) on the campus of a future proton beam therapy facility in Knoxville, Tenn. The Newport Beach, Calif.-based REIT, […]
Company Profile: HSA primed for growth
DEVELOPER COVERS SPECTRUM OF DEAL SIZES By John Mugford Back in the mid-1990s, a small division of a real estate investment trust (REIT) in Chicago was just starting to delve into healthcare real estate, providing advisory, leasing and sales brokerage services, among others, to a number of area health systems. Thanks to one of those […]
