Publisher’s Letter: Our rites of passage
HEALTHCARE REAL ESTATE IS NOW IN TRANSITION By Murray W. Wolf Dear Reader: Any parent who has sent a child off to college can probably empathize with the conflicting emotions you feel when you drive away and leave your son or daughter on campus. After you say your good-byes, successfully hold back tears (or […]
Companies: Savills advises on $1.3B of MOB sales
INVESTMENT BANK CLOSED ON FIVE MAJOR TRANSACTIONS IN PAST EIGHT MONTHS By John Mugford Savills Healthcare Real Estate Group in New York – a unit of Savills LLC – has had quite a run of marketing and brokering MOB portfolios during the past eight months or so. During that time, the medical real estate financing […]
Companies: Foulger-Pratt gains big capital partner
WITH A RECAPITALIZATION, NEW VENTURE LOOKS TO INVEST IN THE $200M RANGE By John Mugford You could call them business marriages made in joint-venture heaven. Many regional healthcare real estate developers and medical office building (MOB) owners are looking for an influx of capital so that they can grow their businesses at a time when […]
Inpatient Projects: New VA med center finally under way
$1 BILLION REPLACEMENT FACILITY SLATED TO OPEN IN NEW ORLEANS IN 2014 By John Mugford Hurricane Katrina and the flooding it caused destroyed much of New Orleans back in 2005. Included in the destruction were a number of hospitals, such as the U.S. Department of Veterans Affairs (VA) hospital. Since then, the 70,000 registered veterans […]
Outpatient Projects: MOBs going up at new Texas hospitals
DUKE REALTY DEVELOPING 186,500 S.F. OF SPACE FOR SCOTT & WHITE SYSTEM By John Mugford Construction is under way on two medical office buildings (MOBs) on two separate future hospital campuses of Temple, Texas-based Scott & White Healthcare. The MOBs, which are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), are being built in […]
ARC buys $63M Wisconsin portfolio
NEW YORK-BASED UNLISTED REIT BUYS BUILDINGS OCCUPIED BY AURORA MEDICAL By John Mugford ARC Healthcare Trust, an unlisted real estate investment trust (REIT) based in New York, is making its case for being one of the most aggressive buyers of medical real estate. In July, the REIT added to its string of recent acquisitions by […]
Transactions: Details dribbling out on HCN MOB buy
HEALTH CARE REIT BOUGHT A DOZEN MOBs FROM A PAIR OF TEXAS DEVELOPERS By John Mugford and Murray W. Wolf This could be the best-kept secret in healthcare real estate – or at least it was. In what might end up going down as one of the larger transactions of 2012, Toledo, Ohio-based Health Care […]
Capital Markets Snapshot: Is there a ride in store for this fall?
PRESIDENTIAL ELECTION, EUROPEAN DRAMA COULD SPUR MARKET REACTIONS By Cain Brothers Healthcare real estate capital markets are at exceptionally low levels, as are all high-quality U.S. credit markets. At the same time, transaction volume is relatively low as many health systems are instead focused on mergers with other hospitals and integration strategies with physicians.
Provider Perspective: Resuscitating real estate
EXECS TALK OF TRENDS AFFECTING SYSTEMS By John Mugford Buzzwords abound in every industry, creating a notion that if one can simply stay on top of the latest trends and implement the newest innovations, success is likely to follow. In the healthcare real estate development sector, current buzzwords have to do with “repurposing” other property […]
Product Focus: Big quarter for MOB sales
$1.6 BILLION IN Q2 TOPS STRONG FIRST QUARTER. By John Mugford Medical office building (MOB) sales in the second quarter of 2012 were quite prolific, almost reminiscent of quarterly results during the boom years leading up to the recession. According to the most recent data from New York-based Real Capital analytics (RCA) Inc., a commercial […]
Industry Pulse: August 2012
NEW ALBANY, Ohio – It looks as if a city in Ohio has successfully entered the medical office building (MOB) development arena. In New Albany, a city of about 7,300 people in the northeast suburbs of Columbus, city officials are moving forward with the development of a 48,000 square foot building that will contain mostly […]
Editor’s Letter: The talk of the town
MARKET FOCUSES DIG INTO DETAILS, TRENDS By John B. Mugford. Dear Reader: This edition of Healthcare Real Estate Insights™ includes one of our most popular features, a Market Focus section on a particular major metropolitan area of the country. These highly detailed, labor-intensive projects have long been rated highly by our readers (when we have […]
Market Focus: Retail sites sizzling in the Twin Cities
PROVIDERS SEEM SOLD ON REDEVELOPED AND REPURPOSED STORE LOCATIONS By Murray W. Wolf and John B. Mugford Call it the MOB at the MOA. A major medical office building (MOB) has been proposed as part of a planned expansion of the 4.2 million square foot Mall of America (MOA) in the Minneapolis suburb of Bloomington, […]
Market Focus: Twin Cities: the future of healthcare?
‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]
People: The Lorie Damon era ends at BOMA
SHE WAS INSTRUMENTAL IN GROWING THE MOB SECTOR’S LARGEST CONFERENCE By John Mugford In considering the history of the medical office building (MOB) sector, the year 2002 seems like an eternity ago. Even though MOBs had existed for many decades prior, it was at about that point in time when the sector’s story really started […]