Inpatient Projects: New hospital already needs to expand
PATIENT VOLUMES TOP EXPECTATIONS AT STONE OAK HOSPITAL IN SAN ANTONIO By John Mugford When Methodist Healthcare System was planning for its hospital in the growing, affluent Stone Oak section in the northern part of San Antonio, officials predicted sharp growth in patient volumes. They were right, and then some. Just 15 months after opening […]
Outpatient Projects: Princeton proceeds with project plans
TRAMMELL CROW TO DEVELOP 146,971 SQUARE FOOT MEDICAL ARTS PAVILION By John Mugford Plans continue to take shape for a large outpatient facility that will be part of Princeton HealthCare System’s (PHCS) new replacement campus in Plainsboro Township, N.J., a few miles from its current location in Princeton. The health system has chosen Dallas-based Trammell […]
Grubb & Ellis REIT II keeps buying, too
MOBs IN THE OHIO AND TEXAS MARKETS ARE THE FIRM’S LATEST ACQUISITIONS By John Mugford The acquisition pace is picking up for Santa Ana, Calif. -based Grubb & Ellis Healthcare REIT II Inc., a new REIT that is becoming one of the most active healthcare real estate buyers in the market today. In recent weeks, […]
Transactions: Healthcare Trust Picks Up More Mobs
NON-TRADED REIT SNAPS UP MEDICAL BUILDINGS IN SOUTH CAROLINA AND TEXAS By John Mugford Healthcare Trust of America continued with its acquiring ways in recent weeks. The Scottsdale, Ariz.-based non-traded healthcare real estate investment trust (REIT) purchased a two-building medical office building (MOB) in the Dallas-Fort Worth Metroplex in Texas, an MOB in Charleston, S.C., […]
Capital Markets Snapshot: Capital Markets Trying To Find Stability
IN AN INDICATION THAT THINGS ARE GETTING BETTER, CMBS MARKET IS OPENING By Cain Brothers The capital markets are struggling to gain confidence in this “post-crisis” period, and that is reflected in the fragility and volatility that is periodically revealed. In the past few weeks, we have seen the stock market drop from a tepid […]
Special Report: Revisiting monetizations
EXPERTS DISCUSS PAST DEALS, CURRENT MARKET By Dan Emerson With increasing frequency during the past decade or so, healthcare providers have discovered that monetizing ancillary medical real estate can be a useful financial and operational strategy. A panel of healthcare real estate and health system executives at BOMA International’s recent 2010 Medical Office Building (MOB) […]
News & Analysis: A Texas-sized lease deal
MEMORIAL HERMANN TAKES MORE THAN 800,000 S.F. By Murray W. Wolf As the largest not-for-profit healthcare provider in one of the nation’s largest cities, Memorial Hermann Healthcare System has shown a preference for maintaining direct control of its millions of square feet of on-campus medical office space across the Houston area. The only one of […]
Industry Pulse: July 2011
CHICAGO – Sorting through the details of the massive and newsworthy acquisition of Lillibridge Healthcare Services by Ventas Inc. (NYSE: VTR) was supposed to take several months. Officers with both companies said that the $300 million to $400 million deal, which was announced June 23, would most likely close during the third quarter (Q3). (For […]
Publisher’s Letter: It’s good to see cranes
INPATIENT PROJECTS SEEM TO BE REBOUNDING By Murray W. Wolf Dear Reader: Earlier this month, while I was attending the InterFace Medical Office Conference in Houston, I had the opportunity to tour the mammoth Texas Medical Center (TMC). We plan to publish a Houston Market Focus in an upcoming edition, so we’ll save the details […]
Companies: New fund targets medical properties
NOYACK WOULD ALSO INVEST IN EDUCATION AND SELF-STORAGE REAL ESTATE Staff Reports New York-based Noyack Medical Partners recently announced that it has plans for a $200 million private equity fund that would focus on the acquisition of assets that are either distressed or in need of re-positioning. The assets would be in one of three sectors: […]
Inpatient Projects: Clarian’s Indy expansion is a big one
METHODIST HOSPITAL PLAN COULD COST UP TO $500 MILLION, ADD UP TO 250 BEDS By John Mugford Before the recession, announcements like the one recently coming from Clarian Health System in Indianapolis had become somewhat commonplace. Many large hospitals were planning big expansion projects in order to keep up with demand and/or stave off […]
Transactions: Grubb & Ellis REIT II acquires LTAC
HEALTHCARE REIT PLANS TO BUY A VARIETY OF MEDICAL PROPERTY TYPES By John Mugford As part of its growth strategy, Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT II Inc. plans to acquire a variety of medical properties, not just medical office buildings (MOBs). The non-traded real estate investment trust (REIT), which had its start […]
Outpatient Projects: N.Y. system proposes $35 million MOB
UNITED HEALTH WOULD REPLACE NEWSPAPER BUILDING WITH MEDICAL OFFICE By John Mugford The site of a former newspaper building site could soon become home to a new $35 million, 85,000 square foot medical office building (MOB) in Vestal, located near Binghamton on New York’s border with Pennsylvania. The former Binghamton Press & Sun Bulletin building […]
Capital Markets Snapshot: Treasuries dip to lowest point in a year
REITs CONTINUE TO USE STRONG BALANCE SHEETS TO MAKE WAVES IN MARKET By John Mugford When looking at this month’s capital markets statistics, perhaps most worth mentioning is the fact that 10-year Treasuries compressed by more than 28 basis points (bps) during the last month. This means the 10-year Treasuries have reached their lowest point […]
Special Report: Short-term up-tick seen
BUT PANEL HAS SOME CONCERNS ABOUT THE FUTURE By Murray W. Wolf A panel of healthcare real estate experts who gathered in New York recently agreed that development activity has increased so far this year due to a recovering economy and reduced uncertainty surrounding healthcare reform. But some of them expressed concerns about the intended […]
