Companies: Trammell Crow looks to new leader
JUD JACOBS GETS TOP HEALTHCARE JOB; KEVIN O’NEIL RETURNS TO PAST ROLE By Murray W. Wolf Trammell Crow Co.’s healthcare real estate business has grown from six clients in mid-2002 to more than 50 today, including a reported 124 percent increase in dollar volume in 2008, to more than $651 million. With more than 2 […]
Inpatient Projects: $400M project eyed for Inland Empire
RIVERSIDE, CALIF., HOSPITAL EXPANSION WOULD BRING BED COUNT TO NEARLY 500 By John Mugford Even though the recession has slowed the building of new inpatient and outpatient healthcare projects nationwide, industry veterans say development probably would never come to a complete standstill. That’s because there will always be special circumstances – such as new technological […]
Outpatient Projects: PMB developing MOB at California U.
FUTURE 68,000 SF FACILITY TO HOUSE THREE NEW COLLEGES IN PONOMA, CALIF. By John Mugford A three-story, 68,000 square foot facility being developed on the campus of Western University of Health Sciences in Ponoma, Calif., is slated to house three of the university’s newly formed teaching colleges. The future Patient Care Center, as Western is […]
Transactions: San Antonio MOB trades for $13.7M
NEW YORK-BASED REAL ESTATE ENTITY BUYS STONETERRA MEDICAL PLAZA By John Mugford Because potential buyers of medical office buildings (MOBs) have become more selective about their transactions in the current economy, some properties are sitting on the selling block a bit longer than they would have just a year or so ago. But eventually, professionals […]
Capital Markets Snapshot: Capital conditions improving lately
YET UNCERTAINTY CONTINUES AND NEAR-TERM MARKET VOLATILITY IS STILL LIKELY The conditions in our capital markets have improved during the past month despite continued uncertainty in the financial sector. Many banks and finance companies have begun to announce first quarter earnings and those results indicate that core lending trading profitability has been strong but that […]
Product Focus: Senior sector sees stress
BUT FUNDAMENTALS REMAIN STRONG, EXPERTS SAY By Murray W. Wolf Despite the credit freeze, the recession and the possible bankruptcy of the nation’s largest operator, industry experts insist that the prospects remain bright for the senior living sector. This is because the long-term fundamentals remain strong, they say. Even short-term, some senior living operators, such […]
News & Analysis: G&E REIT plans changes
NEW NAME AND $2.2 BILLION IN NEW EQUITY PLANNED By John Mugford One thing has been quite constant at Grubb & Ellis Healthcare REIT since it was established back in 2006, when it was known as NNN Healthcare/Office REIT: an aggressive appetite for acquiring medical office buildings (MOBs). This appetite for MOBs and other healthcare […]
Industry Pulse: April 2009
MANASSAS, Va. – When members of the Healthcare Real Estate Insights™ Editorial Advisory Board met last November in Dallas to discuss the industry, they were asked to make a few predictions about future trends in both healthcare and healthcare real estate. One prediction to emerge from the conversation – initiated by Todd Lillibridge, the CEO […]
Editor’s Letter: A move to modesty?
MOBs MIGHT NOT BE SO LUXURIOUS ANYMORE By John B. Mugford Dear Reader: As we look back a mere two or three years, it seems light years from where we are now. Residential construction was booming, housing values were skyrocketing and most Americans saw no end to prosperous times. In healthcare real estate, the boom […]
Companies: McCarthy finishes work on $37 million Outpatient project
MURRIETA, Calif. – In late January, McCarthy Building Cos. Inc. completed construction on a $37 million, 72,000 square foot expansion of the women’s center and emergency room at Rancho Springs Medical Center in Murrieta. St. Louis-based McCarthy, which has offices in Southern California, also completed site improvements on the 5.5-acre site, including constructing a 252-space […]
Inpatient Projects: Hospital near D.C. continues planning
$6.5 MILLION GIFT FROM FORMER PATIENT WILL HELP PAY FOR $230M EXPANSION Staff Reports During the past couple of years, Suburban Hospital in Bethesda, Md., has been trying to overcome strong neighborhood resistance to its proposed $230 million expansion plan. But recently, the hospital received quite a vote of support from one former patient. The […]
Outpatient Projects: Construction starts on Alabama MOB
$13.5 MILLION FACILITY TO BE THIRD OFFICE BUILDING ON CULLMAN CAMPUS By John Mugford Demand is driving the development of a third medical office building (MOB) on the campus of Regional Medical Center in Cullman, Ala., about 50 miles north of Birmingham. Ground was broken in recent weeks for the future $13.5 million MOB, which […]
Transactions: Lillibridge, Grubb & Ellis acquire MOBs
LILLIBRIDGE ACQUIRES ILLINOIS PORTFOLIO; GRUBB PURCHASES WISCONSIN MOBs By John Mugford Medical office building (MOB) sales have fallen dramatically because of the recession and tight credit market. Yet at least two firms have continued to make MOB acquisitions in recent months in unrelated transactions. They are Chicago-based Lillibridge and Santa Ana, Calif.-based Grubb & Ellis […]
Capital Markets Snapshot: Fed action might ease some loan rates
DECLINE IN TREASURY BOND INTEREST COULD BENEFIT LOWER-RISK OFFERINGS The most important development in the capital markets in the past month was the Federal Reserve’s announcement that it will initiate a massive Treasury Bond repurchase program, which drove down medium and long-term bonds by as much as 50 basis points. Given that short-term rates are […]
Q&A: Firm likes the Northeast
NOYACK’S FOLLINI REMAINS BULLISH ABOUT SECTOR By John Mugford The economic news in almost every business sector in almost every nook and cranny of the country is not good, as we all know. And even though healthcare is often regarded as an industry that can weather most economic storms, the current recession is taking a […]
