Outpatient Projects: Henry Ford system weighs huge plan
DETROIT SYSTEM WOULD SPEND $500 MILLION ON NEW OUTPATIENT FACILITIES By John Mugford At a time when Nashville, Tenn.-based Vanguard Health Systems Inc. has plans to acquire the Detroit Medical Center and make a big investment in the Motor City, not-for-profit Henry Ford Health System is making plans of its own for a project that […]
Transactions: HTA buying MOB near Pittsburgh CBD
REIT AGREES TO PAY $40.65 MILLION FOR FOUR-STORY, 191,612 S.F. FACILITY By John Mugford Officers with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA), a privately held real estate investment trust (REIT) that has been on quite a buying spree in the last six months, say their company is not confined to buying medical office […]
Capital Markets Snapshot: Credit quality still king in cap markets
WITH FEW MED PROPERTIES AVAILABLE, INVESTORS MIGHT ACCEPT HIGHER RISK By Cain Brothers The dominant issue affecting today’s capital markets is credit quality. As liquidity continues to improve, including in the real estate capital markets, the access to and cost of capital remains highly dependent on the underlying perception of risk. The lowest risk and […]
Provider Profile: Vanguard bets on Detroit
$1.27 BILLION DEAL WOULD BE FIRM’S BIGGEST YET By Dan Emerson For decades, the city of Detroit has been a poster child for post-industrial, urban decay. With the U.S. auto industry in slow, steady decline, the Motor City has lost roughly half of its population since its peak of 1.8 million some 60 years ago. […]
Special Report: Providers say their piece
POWERHOUSE PANEL DIDN’T PULL ANY PUNCHES By John Mugford During the next several years, more and more healthcare services will be delivered in outpatient settings such as medical office buildings (MOBs) – there’s no doubt about that. This, of course, should mean more demand for outpatient space and MOBs, including facilities that are getting so […]
Industry Pulse: April 2010
CINCINNATI, Ohio – For quite some time, people involved in healthcare and healthcare real estate have been hearing that retail medical clinics will someday have a huge impact on the industry. One of the up-and-coming retail medical clinic companies of recent years has been Brentwood, Tenn.-based Little Clinic, which has expanded rapidly since being formed […]
Publisher’s Letter: Life after health reform
32 MILLION REASONS TO LIKE IT AND A FEW NOT TO By Murray W. Wolf Dear Reader: Now that a healthcare reform law has finally been passed, what will that mean for the healthcare real estate industry? The $938 billion law – officially known as the America’s Affordable Health Choices Act of 2009 – will […]
Provider Perspective: It’s still all about capital, providers say
CASH-CONSCIOUS SYSTEMS ARE STAYING CAUTIOUS ABOUT NEW DEVELOPMENT By Murray W. Wolf Even though the economy is improving, it could be years before some hospitals and health systems proceed with big new real estate development projects, according to three healthcare executives who spoke at a recent industry event. The trio made their comments at the […]
Special Report: Economy, medical real estate on rise
ROBERT BACH, WELL-KNOWN ECONOMIST, CONSIDERS THE ‘STATE OF INDUSTRY’ By John Mugford Even though healthcare real estate has weathered the waning recession quite well, the improving economy of the next couple of years should see even more demand for new medical office space. In addition, medical office building (MOB) vacancy rates should drop and there […]
Companies: Savills to work directly for providers
COMPANY SAYS IT CAN BRING NEW CAPITAL TO HOSPITALS AND HEALTH SYSTEMS By John Mugford There is consensus among healthcare real estate professionals that hospitals and health systems need financial help and consultation now more than ever. Not only are admissions down because of unemployment, but many providers took a hit in their investment portfolios […]
Inpatient Projects: Baptist plans facility near San Antonio
HOSPITAL NEAR I-35 IN NEW BRAUNFELS EXPECTED TO COST UP TO $115 MILLION By John Mugford With its recent acquisition of 56 acres in New Braunfels, Texas, San Antonio-based Baptist Health System is starting to plan for a new full-service hospital on the site. While Baptist officials have yet to release specific plans for the […]
Outpatient Projects: HR developing first West Coast MOB
HEALTHCARE REALTY TRUST BEGINS WORK ON $90M PROJECT IN BELLEVUE, WASH. By John Mugford The area near Overlake Hospital Medical Center in Bellevue, Wash., is an emerging medical district. A new on-campus medical office building (MOB) being developed by Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) should bolster the emergence of this new healthcare […]
Transactions: NHP, PMB proceed with $211M deal
PUBLICLY TRADED REIT ACQUIRES INTEREST IN FIVE SOUTHERN CALIFORNIA MOBs By John Mugford Back in 2008, publicly traded real estate investment trust (REIT) Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings struck a deal so large that it garnered national headlines. After all, the multi-year deal called for NHP to acquire […]
Capital Markets Snapshot: MOB transaction volume set for action
INVESTORS READY TO BUY MEDICAL REAL ESTATE; FED BEGINS ‘EXIT’ STRATEGY By Cain Brothers The capital markets continue show evidence of returning to a stabilized state and the ability to maintain that status as the Fed begins to initiate its long awaited “Exit Strategy.” The Fed recently reiterated that it plans to hold short-term rates […]
Special Report: Plenty of buyers in 2010
CBRE SURVEY SAYS 70% PLAN TO INVEST IN MOBs By John Mugford and Murray W. Wolf The remainder of 2010 and perhaps into 2011 should be a rather robust time for folks in healthcare real estate, and that includes sellers, developers and purchasers of medical office buildings (MOBs). And while recent signs indicate that there […]
