Inova Health System plans to break ground in 2014 for the $252 million foot Inova Comprehensive Cancer and Research Institute in Falls Church, Va. Inova says it would be the area’s largest cancer treatment and research facility.
Rendering courtesy of Inova Health System

Outpatient Projects: $252 million cancer center set for Va.

INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform, it is no coincidence that new, state-of-the-art cancer centers are a hot development product. Quite a number of providers are planning these plan large, comprehensive cancer […]

Health Care REIT has acquired the 147,225 square foot Waldemere Medical
Plaza on the campus of Sarasota (Fla.) Memorial Hospital for $46.5 million.
Photo courtesy of Sarasota Memorial Health Care System

Transactions: Health Care REIT buys MOB for $46.5M

THE 147,225 SQUARE FOOT WALDEMERE MEDICAL PLAZA IS IN SARASOTA, FLA. By John Mugford One of the key outpatient buildings on the campus of Sarasota Memorial Hospital in the oceanside town of Sarasota, Fla., recently changed hands. In a very substantial price for a transaction involving a single building, Toledo, Ohio-based Health Care REIT Inc. […]

One of Griffin-American’s recent acquisitions was the 51,280 square foot Main Street Medical Plaza in Frisco, Texas, which it acquired from Caddis Partners for a reported $14.6 million. Caddis acquired the MOB in 2009.
Photo courtesy of Caddis Partners

Transactions: Griffin-American hits $1 billion in value

RECENT ACQUISITIONS ENABLE UNLISTED REIT TO REACH INVESTMENT MILESTONE By John Mugford Showing that it is willing to acquire a variety of healthcare real estate property types, Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. recently completed acquisitions of three Los Angeles area hospitals and three MOBs in Texas and Georgia. The unlisted REIT paid […]

Capital Markets Snapshot: Differing perspectives offer insights

PLAYERS WILL HAVE DIFFERENT MOTIVATIONS AS REFORM IS IMPLEMENTED By Cain Brothers As the drama around the presidential election fades and the healthcare industry focus shifts to implementation of the Accountable Care Act, understanding the process and potential outcome of the enabling legislation that will truly define the ACA’s implementation will require perspective. How the […]

A recent discussion of ambulatory strategies included (from left to right) Neil Carolan of Healthcare Real Estate Planning LLC, Ross Caulum of Scripps Health, Mike Brown of MD Anderson Cancer Center, Craig Jensen of Banner Health and moderator Danny Prosky of American Healthcare Investors.
Photo courtesy of RealShare

Provider Perspective: Ambulatory alternatives

BANNER, MD ANDERSON AND SCRIPPS TEST TACTICS By Murray W. Wolf Most healthcare providers would agree that their “ambulatory strategy” is a top priority these days as they strive to reduce costs, improve access to care and compete more effectively. But what exactly is an ambulatory strategy?

At 153,820 square feet, Water Tower Medical Commons in Milwaukee is the largest of the 14 assets sold to Duke Realty by Seavest Healthcare Properties.
Photo courtesy of Seavest Healthcare Properties

News & Analysis: Big buys for Duke Realty

FIRM INVESTS $434 MILLION IN TWO MOB PORTFOLIOS By John Mugford Heading into the fourth quarter (Q4), brokers involved in medical office sales predicted that transaction activity would likely be brisk in the months leading up to the end of 2012. That’s because, they said, a number of owners considering selling properties at some point […]

Industry Pulse: November 2012

SCOTTSDALE, Ariz. – Most health-care real estate (HRE) professionals probably wouldn’t be big fans of a company that sells online medical consultations. After all, more virtual doctor visits would presumably mean fewer in-person doctor visits, reducing demand for bricks and mortar medical office buildings (MOBs) and other healthcare facilities. So, when the CEO of MeMD […]

The $32.6 million, 124,000 square foot Facey Medical Group Clinic in Mission Hills, Calif., was recently completed by Pacific Medical Buildings and design/build contractor Erdman. The building is 100 percent leased to the clinic. Photo courtesy of Pacific Medical Buildings

Companies: PMB, Erdman finish California clinic

124,000 S.F. MOB CONSOLIDATES PROVIDERS FOR FACEY MEDICAL IN MISSION HILLS By John Mugford As the 90-year-old, Mission Hills, Calif.-based Facey Medical Group continued to grow in recent years,

Hammes Co., served as program manager for the newly opened $78 million, 40-bed St. Bernard Parish Hospital near New Orleans. It is the first new hospital to open in the area since Hurricane Katrina struck in 2005. Photo courtesy of Hammes Co.

Inpatient Projects: New Orleans healthcare in recovery

NEW $78 MILLION HOSPITAL IN CHALMETTE IS FIRST SINCE HURRICANE KATRINA By Dan Emerson Seven years after Hurricane Katrina and the subsequent flooding crippled the New Orleans area’s healthcare infrastructure,

Rendina Cos. recently started construction of the two-story, 32,500 square foot, Southside Regional Medical Arts Pavilion on the campus of Southside Regional Medical Center in Petersburg, Va., about 20 miles south of Richmond. Rendering courtesy of Rendina Cos.

Outpatient Projects: Rendina starts cancer center in Va.

FIRM’S EXECUTIVES SAY PERSONAL EXPERIENCES MAKE THIS PROJECT SPECIAL By John Mugford A $10 million cancer center being developed by Jupiter, Fla.-based Rendina Cos. is under way on the campus of Southside Regional

Duke Realty recently started construction of the four-story, 100,817 square foot, multi-specialty Northside Cherokee Towne Lake Medical Office Building in the fast-growing Atlanta suburb of Woodstock, Ga. Rendering courtesy of Duke Realty

Outpatient Projects: Duke Realty starts MOB near Atlanta

WORK BEGINS ON 100,817 S.F. NORTHSIDE CHEROKEE TOWNE LAKE FACILITY By John Mugford Indianapolis-based Duke Realty Corp. recently started the development of a facility that is considered to be a classic example of the type of facility that health systems need to deliver medical care in the new era of healthcare reform. Duke Realty’s future […]

ARC Healthcare Trust recently acquired this 100,321 square foot MOB in Paw Paw, Mich. The REIT paid $30.43 million for the facility, which is 100 percent leased to Kalamazoo, Mich.-based Bronson Healthcare Group. Photo courtesy of Marcus & Millichap

Transactions: ARC Healthcare gets MOB in Michigan

UNLISTED REIT PAYS $30.43 MILLION FOR OFF-CAMPUS PROPERTY IN PAW PAW By John Mugford In today’s medical office building (MOB) transaction arena, aggressive pricing is the norm when it comes to the sales of high-quality facilities with strong lease terms and tenants with good, perhaps hospital, credit. In fact, professionals involved in healthcare real estate […]

Capital Markets Snapshot: Election will finally end the questions

Capital Markets Snapshot: Election will finally end the questions

IN WEAK TREASURY MARKET, MUNICIPAL BOND DEALS STILL PRICING STRONGLY Soon, it will all be over. No more bickering. No more interrupting. Election day should bring an end to the half-truths and lies we’ve suffered through. We’ll either have another four years of President Obama and eternal stimulus or a new regime led by Mitt […]

One of the largest transactions of Q3 was HCP Inc.’s $81.4 million acquisition of eight medical office buildings from Scottsdale Health, including the 47,304 square foot Thompson Peak Medical Plaza in Scottsdale, Ariz.

Product Focus: Q3 again strong for sales

$1.24 BILLION IN MOB DEALS IS TOPS Q3 2011 BY 75% By John Mugford With all of the investor money chasing medical office buildings (MOBs) these days, the volume of sales taking place in any given quarter is largely dependent on one factor: how much desirable product sellers are willing to put on the market. […]

News & Analysis: Prez election a big one

BUT WILL RESULT AFFECT HEALTHCARE R.E. SECTOR? By John Mugford  Does the outcome of the presidential election matter for healthcare real estate? “No, at least in terms of changing current healthcare trends.” For the most part and for the near-term, that’s the answer, at least according to more than a dozen politics-watching healthcare real estate […]