Inpatient Projects: Shore Health plans 126-bed replacement
S ystems hopes to break ground this summer for hospital costing at least $242M By John B. Mugford The city of Easton, Md., is home to a 100-year-old hospital, the venerable Shore Health System’s Memorial Hospital. Needless to say, healthcare has changed plenty during the last century, prompting the health system, which became part of […]
Outpatient Projects: Huge cancer center planned for NYC
Former city-owned site will be home to 21-story, 750,000 square foot facility By John B. Mugford In the heart of perhaps the world’s most costly real estate market – Manhattan – building a new outpatient healthcare facility can be quite an undertaking, and an expensive one at that. If you’re going to build something, you […]
Hot Property: MOB touted as value-add opportunity
Medical property in Daly City, Calif, is available for less than replacement cost Property: Physicians Medical Center Address: 901 Campus Dr. City, State: Daly City, Calif. Size: Three stories, 75,559 square feet Asking price: Not disclosed Year completed: 1989 Seller: Serramonte Ridge Medical Center Enterprises Tenants: Campus Surgery Center, others Broker: CBRE Group Inc. DALY […]
Transactions: ARC Healthcare closes strong in 2012
Unlisted REIT makes six buys in December, wrapping up a busy fourth quarter By John B. Mugford As 2012 came to a close, all indications – as well as the words of medical office buildings (MOB) sales brokers and investors – were pointing to a strong fourth quarter (Q4) for the nationwide sales volume of […]
HOK HAS A NEW ANGLE ON HOSPITAL ROOM DESIGN
The parallelogram might be the hot new shape in the design of safe, efficient hospital rooms. When designing patient rooms, architects know that putting washrooms close to beds is a must. That shortens the distance patients must walk to use the facilities, reducing the risk of falls. The trouble is, that also tends to at […]
THE ISLANDS ARE CALLING
We don’t normally report on healthcare real estate developments taking place in foreign countries. However, a partnership of a hospital company from India and St. Louis-based Ascension Health Alliance, the for-profit venture of not-for-profit St. Louis-based Ascension Health, continues to make progress on the construction of its interesting and eventually massive “health city” in the […]
Industry Pulse: 40%
That’s the percentage of medical office buildings (MOBs) acquired by publicly listed REITs in 2012, based on total sales volume and preliminary data from Real Capital Analytics (RCA) Inc.
Capital Markets: Uncertainty ebbs with Obama’s reelection
Activity likely to increase now that fate of healthcare reform is largely resolved The capital markets continue to reflect the combined efforts of most major central banks to depress interest rates to promote more rapid economic growth and (hopefully) higher employment. The U.S. Federal Reserve’s efforts are meant to seek price stability and full employment, […]
HEALTHCARE’S OTHER ‘RETAIL STRATEGY’
Much has been said recently about creating a “retail strategy.” But most of those discussions have been focused on the idea of putting healthcare services in retail locations. What about the much older strategy of putting retail services in healthcare facilities? That idea is still alive and well – and is perhaps more important than […]
