Provider Perspective: What lies ahead for providers in 2010?
TWO SYSTEM EXECUTIVES ANSWER QUESTIONS ABOUT NOT-TOO-DISTANT FUTURE By John Mugford What’s on the minds of healthcare system executives these days, what with reform still a possibility, the recession still hanging around, and a host of other issues on the horizon or lingering? We caught up with a couple of health system executives recently to […]
Special Report: Changes ahead for healthcare industry
MEDICAL REAL ESTATE SECTOR MUST ADAPT TO NEW REALITIES, PANELISTS SAY By Murray W. Wolf Regardless of the outcome of potential reform legislation, the healthcare industry is changing fast – and medical real estate professionals must also adapt to succeed in the coming years. Variations on that theme were espoused by many of the presenters […]
Inpatient Projects: SSM’s hospital projects back on track
AS BOTTOM LINE IMPROVES, ST. LOUIS SYSTEM RESTARTING DEVELOPMENTS By John Mugford As the economy improves, there is speculation that quite a few hospitals and health systems will restart construction projects put on hold during the throes of the recession. An early example is St. Louis-based SSM Health Care, which saw its bottom line improve […]
Outpatient Projects: $150M project planned near Boston
EIGHT-STORY MOB, OFFICE BUILDING IN BROOKLINE IS UP FOR STATE REVIEW By John Mugford Now it’s up to the state of Massachusetts to determine whether Children’s Hospital Boston will be allowed to proceed with plans for an eight-story, $150 million medical and general office building in the Brookline Village area of Brookline, Mass., near Boston. […]
Transactions: Kaiser pays $42.8M for office building
PLANNED MOB CONVERSION IS MANAGED CARE FIRM’S LATEST DEAL IN D.C. AREA By John Mugford Oakland, Calif.-based Kaiser Permanente recently acquired a 200,000 square foot office building in Gaithersburg, Md., for $42.8 million. Kaiser plans to convert it into a medical office facility. Kaiser’s plans call for offering primary care, specialty care, full-service imaging, pharmacy […]
Capital Market Snapshot: Market’s calm, optimism replace panic
INTEREST RATES SHOULD BE HIGHER BY END OF 2010; MED REAL ESTATE STABLE By Cain Brothers What a difference a year makes! During the enthusiasm of President Obama’s inauguration, who would have predicted that a year later Massachusetts would elect a Republican to the U.S. Senate seat held for nearly half a century by Edward […]
Product Focus: Merger of med & retail
PROFESSIONALS SAY TREND FINALLY TAKING SHAPE By Dan Emerson The passage of healthcare reform legislation notwithstanding, no one can predict exactly what the country’s healthcare delivery system will look like five, 10 or 20 years from now. But one possibility for the future of such a delivery system can be glimpsed in Nashville, Tenn., where […]
News & Analysis: First buy for G&E REIT II
TRUST OFF AND RUNNING WITH DEAL IN MINNESOTA By John Mugford Here comes Grubb & Ellis Healthcare REIT II. The newly formed, privately held real estate investment trust (REIT) recently entered an agreement to make its first medical office building (MOB) acquisition: a 36,600 square foot, two-building facility in Sartell, Minn. The Santa Ana, Calif.-based […]
Industry Pulse: January 2010
MAPLE GROVE, Minn. – Here in Minnesota, where Healthcare Real Estate Insights™ is headquartered, there hasn’t been a new hospital built with new beds since a moratorium was enacted by the state legislature back in 1984. Well, Minnesota’s first new hospital with new beds opened in recent weeks. The $138.9 million, 225,000 square foot Maple […]
Editor’s Letter: New year, new ideas
IT’S TIME TO TAKE THE PLUNGE WITH CHANGES By John B. Mugford Dear Reader: Think of me on the morning of Jan. 1. No, I won’t be nursing a hangover. Instead, I’ll be jumping into the frigid waters of Lake Minnetonka through a hole cut in the ice. I’ll be joining about 1,000 other crazy […]
Companies: Medical Center of Princeton tops out
RMJM DESIGNS $441.7 MILLION HOSPITAL; TURNER IS CONSTRUCTION MANAGER By John Mugford The designers and construction manager of the future and massive University Medical Center of Princeton at Plainsboro (UMCPP), N.J., recently held a topping off ceremony to mark the completion of construction on the steel frame for the future $441.7 million hospital. The architectural […]
Inpatient Projects: Florida grants CON for HCA hospital
MEDICAL CENTER COSTING MORE THAN $100 MILLION SLATED FOR JACKSONVILLE By John Mugford Nashville, Tenn.-based HCA Inc., the country’s largest privately held hospital company, recently received the go ahead from the state of Florida to build a new hospital on the west side of Jacksonville. The Florida Agency for Health Care Administration granted the Certificate […]
Outpatient Projects: Caddis’s latest Texas MOB under way
FUTURE 110,000 S.F. FACILITY SLATED FOR SOUTH ARLINGTON MEDICAL DISTRICT By John Mugford Outside of the Metroplex in North Texas, Dallas-based Caddis Partners LLC might not be a big name when it comes to the development of medical office buildings (MOBs). But in the Dallas area, Caddis has become quite a significant player, as it […]
Transactions: Healthcare Trust remains acquisitive
REIT WOULD BUY THREE MOBS AND LTAC; IT ALSO CLOSES ON A FIRST MORTGAGE By John Mugford Last month, we reported that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) had entered agreements to acquire 16 medical office buildings (MOBs) in the Phoenix area as well as three other MOBs in other states. In recent […]
Capital Markets Snapshot: Unscientific prediction: 2010 rebound
IF WHAT’S HAPPENING AT HREI™ IS ANY INDICATION, NEXT YEAR WILL BE BETTER By Murray W. Wolf Although they still graciously provided the financial data below, our friends at Cain Brothers & Co. are taking a well-deserved rest from writing the Capital Markets Snapshot narrative this month. So it falls to the Healthcare Real Estate […]