Industry Pulse: September 2012
NATIONWIDE – As the country awaits one of the most intriguing and perhaps important election seasons in recent memory – an importance driven, in large part, by healthcare – the healthcare industry continues to operate under a cloud of uncertainty. As a result, some entities and people involved in the business, including hospitals and health […]
Publisher’s Letter: Our rites of passage
HEALTHCARE REAL ESTATE IS NOW IN TRANSITION By Murray W. Wolf Dear Reader: Any parent who has sent a child off to college can probably empathize with the conflicting emotions you feel when you drive away and leave your son or daughter on campus. After you say your good-byes, successfully hold back tears (or […]
Companies: Savills advises on $1.3B of MOB sales
INVESTMENT BANK CLOSED ON FIVE MAJOR TRANSACTIONS IN PAST EIGHT MONTHS By John Mugford Savills Healthcare Real Estate Group in New York – a unit of Savills LLC – has had quite a run of marketing and brokering MOB portfolios during the past eight months or so. During that time, the medical real estate financing […]
Companies: Foulger-Pratt gains big capital partner
WITH A RECAPITALIZATION, NEW VENTURE LOOKS TO INVEST IN THE $200M RANGE By John Mugford You could call them business marriages made in joint-venture heaven. Many regional healthcare real estate developers and medical office building (MOB) owners are looking for an influx of capital so that they can grow their businesses at a time when […]
Inpatient Projects: New VA med center finally under way
$1 BILLION REPLACEMENT FACILITY SLATED TO OPEN IN NEW ORLEANS IN 2014 By John Mugford Hurricane Katrina and the flooding it caused destroyed much of New Orleans back in 2005. Included in the destruction were a number of hospitals, such as the U.S. Department of Veterans Affairs (VA) hospital. Since then, the 70,000 registered veterans […]
Outpatient Projects: MOBs going up at new Texas hospitals
DUKE REALTY DEVELOPING 186,500 S.F. OF SPACE FOR SCOTT & WHITE SYSTEM By John Mugford Construction is under way on two medical office buildings (MOBs) on two separate future hospital campuses of Temple, Texas-based Scott & White Healthcare. The MOBs, which are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), are being built in […]
ARC buys $63M Wisconsin portfolio
NEW YORK-BASED UNLISTED REIT BUYS BUILDINGS OCCUPIED BY AURORA MEDICAL By John Mugford ARC Healthcare Trust, an unlisted real estate investment trust (REIT) based in New York, is making its case for being one of the most aggressive buyers of medical real estate. In July, the REIT added to its string of recent acquisitions by […]
Provider Perspective: Resuscitating real estate
EXECS TALK OF TRENDS AFFECTING SYSTEMS By John Mugford Buzzwords abound in every industry, creating a notion that if one can simply stay on top of the latest trends and implement the newest innovations, success is likely to follow. In the healthcare real estate development sector, current buzzwords have to do with “repurposing” other property […]
Industry Pulse: August 2012
NEW ALBANY, Ohio – It looks as if a city in Ohio has successfully entered the medical office building (MOB) development arena. In New Albany, a city of about 7,300 people in the northeast suburbs of Columbus, city officials are moving forward with the development of a 48,000 square foot building that will contain mostly […]
Market Focus: Retail sites sizzling in the Twin Cities
PROVIDERS SEEM SOLD ON REDEVELOPED AND REPURPOSED STORE LOCATIONS By Murray W. Wolf and John B. Mugford Call it the MOB at the MOA. A major medical office building (MOB) has been proposed as part of a planned expansion of the 4.2 million square foot Mall of America (MOA) in the Minneapolis suburb of Bloomington, […]
Market Focus: Twin Cities: the future of healthcare?
‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]
Outpatient Projects: Landmark developing New York MOB
DEVELOPER WILL OWN 100,000 S.F. FACILITY ALONG WITH DOCS WHO TAKE PART By John Mugford In a classic third-party development arrangement, Milwaukee-based Landmark Healthcare Facilities LLC is moving forward with plans to build, own and manage a medical office building (MOB) on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y. […]
Transactions: REIT, new to space, buys MOBs in N.C.
HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M By John Mugford In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio […]
Q & A: Making a mark at RJ|MK
WONG-HAMMOND GIVES INSIGHTS INTO HER NEW ROLE By John Mugford It’s been nine months or so since Laca Wong-Hammond was named the head of healthcare real estate at what is now Raymond James | Morgan Keegan, the large investment banking, brokerage and financial services firm. In this rather short timeframe, Ms. Wong-Hammond has certainly put […]
News & Analysis: Busy times at G-A REIT
COMPANY HAS BOUGHT 14 BUILDINGS SINCE MAY By John Mugford It’s pretty obvious that Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has been finding plenty of what it’s been looking for in the healthcare real estate market so far in 2012. In fact, as of recent weeks, the real estate investment trust’s (REIT’s) year-to-date […]
