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Publisher’s Letter: How to reform

Publisher’s Letter: How to reform

SEVERAL PROVISIONS NEED MAJOR REVISIONS By Murray W. Wolf Dear Reader: Last month, I said that the Patient Protection and Affordable Care Act should be repealed. My position stands. But even if repeal doesn’t happen, then most of the individual provisions of healthcare reform should be repealed or de-funded. Here is where I’d start: Get […]

Dev Gregg of Cogdell Spencer
HREI™ photo

People: Dev Gregg joins HREI™ editorial board

COGDELL SPENCER EXECUTIVE ADDS ANOTHER REIT VOICE TO ADVISORY GROUP By Murray W. Wolf Devereaux A. “Dev” Gregg, Senior VP – Development for Cogdell Spencer Erdman, has been selected to join the Healthcare Real Estate Insights™ Editorial Advisory Board. “We have several other board members who are executives with healthcare real estate investment trusts (REITs),” […]

Pacific Medical Buildings and RD Development Partners are developing the future 103-bed Lakeway Regional Medical Center in Lakeway, Texas.
Photo courtesy of Pacific Medical Buildings

Companies: Pacific Med lands first hospital project

103-BED TEXAS FACILITY COULD BE START OF MORE INPATIENT PROJECTS FOR PMB By John Mugford San Diego-based Pacific Medical Buildings (PMB) has been one of the most prolific medical office building (MOB) developers on the West Coast for nearly four decades. Over the years, PMB has certainly spread its wings, landing MOB development deals up […]

Here’s a look at one of the future towers planned as part of a 25-year, $2 billion campus overhaul at Scripps Memorial La Jolla Hospital. The project would add new beds as well as plenty of outpatient space.
Rendering courtesy of Scripps Health

Inpatient Projects: Massive campus remake in San Diego

$2 BILLION, 25-YEAR PROGRAM AT SCRIPPS WOULD TRANSFORM FIVE CAMPUSES By John Mugford Quite a few hospitals in the San Diego metropolitan area have recently completed, started or started to plan for some large construction projects. In fact, most of the major healthcare players in the region – such as Sharp HealthCare, Kaiser Permanente, UCSD […]

The Massachusetts Eye and Ear Infirmary is slated to anchor the conversion and expansion of an existing building at 800 Huntington Ave. in Boston.
Rendering courtesy of Beal Cos.

Outpatient Projects: Boston firm plans $60M redevelopment

MOB, CLINIC IN BOSTON’S MISSION HILL WOULD PROVIDE 83,000 SQUARE FEET By John Mugford A two-story concrete structure at 800 Huntington Ave. in the Mission Hill area of Boston isn’t much to look at. In fact, the 50-year-old building is a bit of an eyesore, even though it houses several doctors and a blood lab. […]

Transactions: Seavest makes buys in Alabama, Conn.

ACQUISITIONS MARK THE FIRST FOR COMPANY SINCE 2008; MORE ARE IN PIPELINE By John Mugford On the surface, it might have looked as if White Plains, N.Y.-based Seavest Inc. laid low during the throes of the recession and the constrained capital market, waiting for better times and more opportunities to invest in medical office building […]

The Appleton Heart Center was one of the five Wisconsin medical office buildings acquired by the Lillibridge Healthcare Services unit of Ventas Inc.
Photo courtesy of Sanders Trust

Transactions: Lillibridge makes buy under Ventas

COMPANY SPENDS $36.6 MILLION FOR FIVE ON-CAMPUS MOBs IN WISCONSIN By John Mugford When well-capitalized Chicago-based Ventas Inc. (NYSE: VTR) acquired its down-the-street neighbor, Lillibridge Healthcare Services Inc., earlier in 2010, an executive with the publicly traded real estate investment trust (REIT) said there would likely be some medical office building (MOB) acquisitions in the […]

Capital Markets Snapshot: Capital should be more plentiful in ‘11

WHETHER PUBLIC OR PRIVATE, DEBT OR EQUITY, FINANCING WILL BE EASIER TO GET By Murray W. Wolf Tis the season for predictions regarding the year ahead and, increasingly, the pundits have been optimistic. Admittedly, we are still plagued by policy uncertainty, a fragile economic recovery and skittish investors. And although the effects were muted in […]

Chris Bodnar of CB Richard Ellis (right front) listens to a comment by Bob
Rosenthal of Pacific Medical Buildings during the recent Healthcare Real Estate Insights™ Editorial Advisory Board meeting in Scottsdale, Ariz.
HREI™ photo

People: Now that’s a road trip

CHRIS BODNAR MAY BE COMING TO A CITY NEAR YOU By John Mugford Traveling is certainly a big part of the job for numerous professionals involved in healthcare real estate. For many executives, keeping current clients happy, as well as attracting new business, translates into plenty of days spent on airplanes, in hotels and in […]

From left to right, David Park of Novant Health, Bart Gobeil of the State of Georgia, Calvin Thomas IV of Grady Health System, Howard Wall III of Capella Healthcare and Leigh Hantho of Align Healthcare discussed the changing role of third-party real estate developers during the recent InterFace Medical Office conference in Atlanta.
Photo courtesy of InterFace Conference Group

Special Report: Capitalizing on change

ADAPT FOR SUCCESS, HREI™ EDIT BOARD ADVISES By John Mugford If there is one certainty on the healthcare real estate horizon, it is uncertainty. And for that matter, change. Uncertainty about whether certain aspects of the Patient Protection and Affordable Care Act of 2010 – better known as the healthcare reform law – will be […]

Industry Pulse: December 2010

TYLER, Texas – The Obama administration has endured plenty of backlash over the passage of healthcare reform, with numerous states filing lawsuits against the federal government in an effort to repeal the law. In addition,a whole slew of Republican congressional hopefuls ran on a platform of overturning the law. For the companies and professionals involved […]

Publisher’s Letter: Repeal health reform

Publisher’s Letter: Repeal health reform

WE CAN’T AFFORD IT, GOVERNMENT CAN’T RUN IT By Murray W. Wolf Dear Reader: It is time to repeal the fundamentally flawed Patient Protection and Affordable Care Act, alias healthcare reform. Admittedly, repeal is unlikely. Although the GOP now controls the House, the Democrats still control the Senate and President Obama still has veto power. […]

Duke Realty recently broke ground for Rex Holly Springs MOB, a 30,000 square foot outpatient facility in the Raleigh, N.C., suburb of Holly Springs. The Indianapolis-based developer will own and manage the facility.
Rendering courtesy of Duke Realty

Companies: Duke Realty chosen to develop MOB

REX HEALTHCARE SELECTS FIRM TO BUILD FACILITY IN RALEIGH, N.C., SUBURB By John Mugford Raleigh, N.C.-based Rex Healthcare recently selected Indianapolis-based Duke Realty Corp. (NYSE: DRE) as the developer of a two-story, 30,000 square foot medical office building (MOB) in the fast-growing Raleigh suburb of Holly Springs. A ground breaking was held in recent weeks […]

Norvin Properties recently acquired this specialty hospital, Patients Medical Center, and its 13 acres of land near Houston. The facility is now operated by a joint venture of physician/owners and St. Luke’s Episcopal Health System.
Photo courtesy of Norvin Properties

Companies: Firm buys doc-owned Houston hospital

NORVIN PARTNERS ACQUIRES REAL ESTATE, ARRANGES JOINT VENTURE OPERATOR By John Mugford In a deal put together by New York-based Norvin Properties and its managing partner and founder, Norman K. Livingston, Houston-based St. Luke’s Episcopal Health System recently acquired 51 percent of a new joint venture that is operating Patients Medical Center (PMC) in Pasadena, […]

The future St. Bernard Parish Hospital is slated for a site in Chalmette, La., just south of New Orleans. It will be the parish’s first hospital since Hurricane Katrina destroyed all four of its hospitals in late 2005.
Rendering courtesy of Hammes Co.

Inpatient Projects: At last, a hospital in St. Bernard Parish

FIVE YEARS AFTER HURRICANE KATRINA, A $69.1 MILLION FACILITY IS UNDER WAY By John Mugford When Hurricane Katrina struck the New Orleans metropolitan area in 2005, it destroyed virtually every notable structure – including all four hospitals – in St. Bernard Parish, just south of the city. In the aftermath of the destruction, there was […]