Provider Perspective: Are MOBs an endangered species?
PROBABLY NOT, BUT PANELISTS SAY DESIGN, FINANCING, OWNERSHIP WILL CHANGE By Murray W. Wolf Will medical office buildings (MOBs) go the way of the rotary phone? Perhaps that is an exaggeration. But the way MOBs are designed, financed and owned is already changing, according to a panel of healthcare providers who tackled the issue during […]
Special Report: Future is bright, with some concerns
HREI™ BOARD WORRIES ABOUT NEW FOCUS ON RFPs, ACCOUNTING CHANGES, ETC. By John Mugford Last month, we published a story highlighting potential trends in the healthcare real estate sector, as told to us by members of the Editorial Advisory Board of Healthcare Real Estate Insights™. Most of their predictions for 2011 and beyond pointed to […]
Companies: JLL, system partner up on real estate
REAL ESTATE FIRM LANDS AGREEMENT WITH BEAUMONT HOSPITALS IN MICHIGAN By John Mugford At almost every medical office building (MOB) real estate conference a professional might attend these days, there is talk of the need for efficiency and the development of cost-effective buildings. That’s because as hospitals and health systems look to their future in […]
Inpatient Projects: Hospital set for College Station, Texas
SCOTT & WHITE BUYS LAND, PLANS $165M FACILITY THAT WOULD OPEN IN 2013 By John Mugford The land is secure, plans are finalized and now construction can begin on the future five-story, 320,000 square foot Scott & White Hospital College Station, Texas. Temple, Texas-based Scott & White Healthcare recently acquired a 98-acre site on the […]
Outpatient Projects: Facility will make prevention a priority
ALTER+CARE DEVELOPING 54,000 S.F. HEALTH & WELLNESS CENTER IN ARKANSAS By John Mugford Preventive medicine is starting to play a bigger and bigger role in healthcare. In Jonesboro, Ark., St. Bernards Medical Center is jumping on the bandwagon by planning for a health and wellness center on its campus. Chicago-based Alter+Care is developing the future […]
Transactions: New portfolio hits market for new year
SEVEN PROPERTIES ARE LOCATED IN FOUR STATES, INCLUDING THE EAST COAST By John Mugford There are eager buyers are out there, well-capitalized and hungry to gobble up healthcare real estate. The only problem, of course, is that there just never seems to be enough product available to satisfy the appetites of those potential buyers, according […]
Transactions: HTA closes year by buying med park
$28.2 MILLION PURCHASE IN N.C. PUSHED REIT OVER $800 MILLION MARK FOR 2010 By John Mugford Heading into the fourth quarter (Q4) of 2010, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) was certainly one of most active buyers of healthcare real estate and medical office buildings in the country, investing about $343 million in […]
Duke Realty to expand Cincinnati West Side medical campus
Duke Realty to expand Cincinnati West Side medical campus anchored by Good Samaritan Medical Center – Western Ridge Good Samaritan Medical Center – Western Ridge opened August of this year, and Duke Realty is now moving forward with plans for a new building and new tenant on Cincinnati’s West Side medical campus CINCINNATI and INDIANAPOLIS, […]
Capital Markets Snapshot: Values to hold, lender activity to rise
JONATHAN WINER OF SEAVEST ALSO FORESEES MORE DEVELOPMENT ACTIVITY By John Mugford Jonathan L. “John” Winer, an EVP with the healthcare real estate investment firm Seavest Inc., attended the recent Healthcare Real Estate Insights™Editorial Advisory Board meeting in Scottsdale, Ariz., but he had to leave before sharing his predictions for 2011. So we followed up […]
Special Report: Role of MOBs will expand
THEY OFFER MANY BENEFITS, CAIN’S MOLONEY SAYS By Murray W. Wolf The changing healthcare industry will amplify the strategic importance of off-campus medical office buildings (MOBs), but the real estate models will change. That’s according to James M. “Jim” Moloney, who delivered the opening keynote address at the recent RealShare Medical Office Buildings conference in […]
HTA acquires North Carolina MOB
Healthcare Trust of America, Inc. Acquires an Approximately 153,000 Square Foot Medical Office Park in Cary, North Carolina SCOTTSDALE, Ariz., Jan. 3, 2011 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office park in Cary, North Carolina for approximately $28,200,000. The […]
News & Analysis: Big REIT makes big buy
HR ACQUIRES BAYLOR FACILITY IN FRISCO, TWO MOBs By John Mugford Nashville, Tenn.-based Healthcare Realty Trust (NYSE: HR) closed out 2010 with a big acquisition in Texas. The large healthcare real estate investment trust (REIT) acquired the campus of Baylor Medical Center at Frisco, which is comprised of a 68-bed acute care hospital and two […]
Industry Pulse: January 2013
BEVERLY HILLS, Calif. – On Rodeo Drive in Beverly Hills, a shopper can find a pair of jeans – diamond studded, of course – for a cool $4,000. There’s no doubt things can get expensive in the posh, star-inhabited suburb of Los Angeles. That includes rentable medical office building (MOB) space and the MOBs themselves, […]
Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on […]
Publisher’s Letter: How to reform
SEVERAL PROVISIONS NEED MAJOR REVISIONS By Murray W. Wolf Dear Reader: Last month, I said that the Patient Protection and Affordable Care Act should be repealed. My position stands. But even if repeal doesn’t happen, then most of the individual provisions of healthcare reform should be repealed or de-funded. Here is where I’d start: Get […]