Capital Markets Snapshots: Med real estate still bucking the trend
2009 LIKELY TO BRING MORE CHALLENGES AND OPPORTUNITIES FOR THIS SECTOR As we enter 2009, many healthcare real estate investors have strong liquidity and limited near-term debt maturities, which suggests that they have the capacity to complete a significant volume of acquisitions. However, the uncertainty related to future access to the public debt and equity […]
Product Focus: How to boost MOB profits
EXPENSE CUTS CAN HAVE A BIG IMPACT, BOMA SAYS By Murray W. Wolf In a tough economy, controlling medical office building (MOB) operating expenses might be the best way to maximize net operating income (NOI) and asset value. For example, if the operating expenses (opex) for a typical 42,000 square foot, suburban, on-campus MOB were […]
Special Report: Firms are eyeing equity
MANY LENDERS REMAIN SKITTISH, HREI™ BOARD SAYS By John Mugford Whenever a group of healthcare real estate professionals gather together, they have plenty to talk about concerning business. These days, their talk often turns to concerns about everything and anything related to financing. That was certainly the case when 19 members of the Healthcare Real […]
Industry Pulse: January 2009
ORLANDO, Fla. – How in the world would one go about investing in medical office buildings (MOBs) in, perhaps, Europe, or Australia? Well, Orlando, Fla.-based CNL Financial Group and Sydney, Australia-based Macquarie Group Ltd. recently announced they are partnering up to establish a massive real estate investment trust (REIT) to pursue real estate opportunities around […]
Editor’s Letter: An even closer look
LESS NEWS MEANS MORE IN-DEPTH COVERAGE John B. Mugford Dear Reader: For the past several years, the amount news briefs we’ve included in the pages of Healthcare Real Estate Insights™ has been so great that at times it was difficult to print them all. These news items included medical office building (MOB) transactions, outpatient and […]
Companies: Consultant to aid in UT’s Ike recovery
KURT SALMON ASSOCIATES DOING STUDIES AT MEDICAL BRANCH IN GALVESTON Staff Reports The University of Texas Medical Branch (UTMB) at Galveston recently hired Atlanta-based consulting firm Kurt Salmon Associates to conduct a market, facility and financial analyses after the branch was devastated by Hurricane Ike. The Category 4 hurricane hit the Texas coast in early […]
Inpatient Projects: Oakland hospital moving on rebuilding
COST OF 155-BED TOWER NOW ESTIMATED AT $682 MILLION – UP FROM $550 MILLION Staff Reports Highland Hospital/Alameda County Medical Center in Oakland is finally moving forward on plans for a replacement hospital in order to comply with California’s seismic safety guidelines. The rebuild is now expected to cost about $680 million – up from […]
Outpatient Projects: Lillibridge on a roll with new projects
LATEST DEVELOPMENTS INCLUDE MOBs, AMBULATORY CENTER, HEALTH VILLAGE By John Mugford In recent months, newspaper headlines too numerous to count have noted that the country’s economy is in difficult straits. But also in recent months, Chicago-based Lillibridge, a healthcare real estate firm, has announced a number of new medical development deals and projects it is […]
Transactions: Oaks Development Group buys MOB
NORTH CAROLINA-BASED FIRM ADDS 35,000 SF SAN ANTONIO ASSET TO PORTFOLIO Staff Reports The Texas office of Cary, N.C.-based Oaks Development Group recently closed on the purchase of the new Shavano Oaks II, a 35,000 square foot medical office building in north central San Antonio. Construction of the medical facility was completed in October, with […]
Capital Markets Snapshot: Rates fall but lenders remain cautious
INTEREST DECLINED LAST MONTH BUT CREDIT MARKETS CONTINUED TO BE TIGHT By Murray W. Wolf A mid the anticlimactic “news” earlier this month that the United States is officially in a recession (and has been since December 2007), recent central bank reductions to the Federal Funds rate helped push interest rates lower, and spreads widened […]
Q&A: Erdman begins new era
VENERABLE COMPANY TOUTS NEW NAME, RESOURCES By Murray W. Wolf When this reporter last visited the offices of Marshall Erdman & Associates (MEA) Inc. in Madison, Wis., a few years ago, the venerable healthcare design-build firm was still housed in a historic but cramped headquarters building at 5117 University Ave. – a cavernous concrete block […]
Special Report: Development is not dead
HREI™ EDITORIAL BOARD CALLS PIPELINE ‘ROBUST’ By John Mugford Yes, Virginia, there is healthcare real estate development taking place. Sure, new development is nearly nonexistent in most other commercial real estate sectors right now. And, even in healthcare, there are some potential pitfalls to consider in moving forward in these difficult economics times, such as […]
Industry Pulse: December 2008
CALIFORNIA – Talk about controversy. California’s healthcare receiver for the state’s prison system, J. Clark Kelso, has devised a plan to build seven new prison hospitals with a total of 10,000 beds. The plan to build the newer and better hospitals for inmates came in response to a judge’s ruling that the healthcare provided by […]
Editor’s Letter: Meetings rife with info
BOARD MEETING, REALSHARE DELIVER THE GOODS By John B Mugford Dear Reader: Wow, the weather and the golf were outstanding during my recent visit to Dallas in mid-November. Even so, I must acknowledge that the healthcare real estate meetings we attended that week were even better – and believe me, this is not easy for […]
Company Profile: ProMed is sticking to a familiar model
GAZIT SAYS THAT WHAT WORKS FOR RETAIL AND SENIORS WILL WORK FOR MOBs By Murray W. Wolf Can lightning strike a third time for the giant Israeli real estate investment trust (REIT) Gazit-Globe Ltd.? As of September, Gazit Globe (Tel Aviv Stock Exchange: GLOB) and its subsidiaries owned 656 properties totaling 5.6 million square feet […]