Companies: Health Care REIT Inc. to plan projects
SENIOR LIVING AND MED OFFICES ON LONG ISLAND, N.Y., WOULD TOTAL $1 BILLION By John Mugford Toledo-based Health Care REIT Inc. was recently named as the master developer on one of the largest development opportunities in Nassau County, N.Y. The REIT landed the contract to spearhead the development of East Meadow, N.Y.-based Nassau Health Care […]
Inpatient Projects: UNC Health Care seeks $227M facility
HILLSBOROUGH HOSPITAL WOULD EASE CROWDING AT CAMPUS IN CHAPEL HILL By John Mugford As UNC Health Care seeks to fulfill its mission of providing medical services, it faces a major obstacle at its main hospital on the campus of the University of North Carolina in Chapel Hill: overcrowding. Add to that the fact that the […]
Outpatient Projects: New $39M MOB under way in Orlando
THE DOWNTOWN OUTPATIENT BUILDING IS SLATED FOR SITE NEAR M.D. ANDERSON By John Mugford Orlando Health’s massive concentration of medical facilities in downtown Orlando, Fla., is about to get even bigger. Construction began in recent weeks on a new $39 million medical office building (MOB) that would be located just north of the M.D. Anderson […]
Transactions: Landmark acquires Arkansas portfolio
MILWAUKEE-BASED OWNER AND DEVELOPER GETS FOUR MOBs FOR $15 MILLION By John Mugford It was in 2004 when Milwaukee-based Landmark Healthcare Facilities, previously a third-party developer, started an entity to own medical properties. Since then, Landmark Healthcare Properties LLC has accumulated a portfolio of more than 20 assets that it has acquired and developed. As […]
Capital Market Snapshot: Stable? Sure, but not out of the woods
AS FED CHAIRMAN BERNANKE ENTERS SECOND TERM, WE STILL FACE MANY RISKS As summer 2009 winds to an end, a tentative stability has returned to our capital markets as evidenced by lower levels of stock market volatility and relatively calm short-term and long-term debt markets – at least in the lower-risk categories. Fed Chairman Bernanke, […]
Product Focus: MOB activity picking up?
BROKERS SAY THINGS ARE HAPPENING, STATS DON’T By John Mugford For the second straight quarter, sales volume nationwide for medical office building (MOB) remained in the tank – at least compared to what they were from 2005 to 2008. According to statistics from New York-based Real Capital Analytics (RCA) Inc., which tracks commercial real estate […]
News & Analysis: REIT nabs $161.6M deal
SELLER IS AA-RATED SOUTH CAROLINA SYSTEM By John Mugford Finally, a headliner of a transaction in the medical office building (MOB) market. In what should prove to be one of the biggest – if not the biggest – MOB transactions of 2009, Grubb & Ellis Healthcare REIT Inc. announced July 15 that it has agreed […]
Industry Pulse: August 2009
DALLAS – Good news for folks in Dallas. Not only are they getting delivery of a spanking new Parkland Hospital in 2014, but they’re going to pay less in taxes for it. That’s because the public health system that owns and operates the massive hospital recently received AAA credit ratings from both Fitch and Standard […]
Editor’s Letter: Sign of good times?
POSTPONED OHIO PROJECT IN BACK ON TRACK By John B. Mugford Dear Reader: I really hope that a report out of Dayton, Ohio, is the sign of better times to come for healthcare and healthcare real estate projects. Not that healthcare real estate has suffered like other sectors, especially retail, general office and industrial. In […]
Special Report: Sector remains solid, BOMA panel says
BUT THE CAPITAL ENVIRONMENT HAS CHANGED, EVEN FOR MEDICAL REAL ESTATE By Murray W. Wolf Although the healthcare real estate sector has not been spared the pain of the recession, it remains a “favored child” in the commercial property business and most players remain bullish about its long-term prospects. That was the general consensus during […]
Special Report: Equity providers tell BOMA their story
MOB CONFERENCE PANELISTS DISCUSS WHAT INVESTORS ARE LOOKING FOR NOW By John Mugford When it comes to doing healthcare real estate deals in the current market, everyone seems to utter the mantra that “cash is king.” There’s also a notion that equity funding is available for the right deals, at the right price and with […]
Inpatient Projects: Colorado hospital starts $76M project
GROWING PARKER ADVENTIST, SOUTH OF DENVER, TO ADD THREE-STORY WING By John Mugford Ever since Parker Adventist Hospital opened five years ago in a growing area south of Denver, growth has been the name of the game. The hospital’s bed count has gone from an initial 56 to 100, and patient volume has doubled. The […]
Outpatient Projects: Rendina moving forward on two MOBs
ONE PROJECT IS A J.V. WITH HEALTH CARE REIT, THE OTHER IS IN LOS ANGELES By John Mugford The Rendina Cos. of Jupiter, Fla., looks to be doing its part to keep healthcare real estate development moving. In recent weeks the medical real estate firm announced deals for the development of two projects, one in […]
Transactions: Sanders Trust buys large MOB in Indy
145,000 SQUARE FOOT METHODIST PROFESSIONAL CENTER 2 IS FULLY OCCUPIED By John Mugford Birmingham, Ala.-based Sanders Trust in June acquired the 145,000 square foot, 100 percent occupied Methodist Professional Center 2 (MPC2) in Indianapolis. The five-story medical office building (MOB) is on the massive campus of the 802-bed Methodist Hospital, which is the state’s largest […]
Capital Markets Snapshot: A new ‘normal’ for capital markets?
BIG ISSUES ON HORIZON INCLUDE FED VS. INFLATION, FLOW OF PERMANENT DEBT The real estate capital markets have been relatively stable for the past few months, suggesting a possible new “normal,” at least for the near term. Even so, real estate investors remain cautious and generally more concerned about downside risk than about missing opportunities. […]