Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Transactions (June 2008)
Ohio provider buys MedCath hospital GOOD SAMARITAN PAYS $55 MILLION FOR COMPETITOR, DAYTON HEART HOSPITAL By John Mugford “If you can’t beat ‘em, buy ‘em.” That’s the strategy recently employed by Good Samaritan Hospital in Dayton, Ohio, which in May closed on the acquisition of one of its major cardiovascular competitors. Good Samaritan, a 577-bed […]
Q&A: Jason Dodd (June 2008)
In Dallas with Dodd JASON DODD TALKS ABOUT HOW CIRRUS GREW By John Mugford Perhaps it would be too much of a cliché to say that certain successful companies stumbled upon their models blindly. That’s because most successful businesses learn and adapt along the way. It wouldn’t be a stretch to say that Dallas-based Cirrus […]
Publisher’s Letter (June 2008)
Dear Reader: The National Association of Real Estate Editors (NAREE) – yes, there is such a group – held a conference in Dallas last month, and I had the opportunity to attend. Dollar for dollar, the best presenter was Dr. James P. Gaines, a research economist with the Real Estate Center at Texas A&M University. […]
Project Case Study: Wisconsin Lab Building (June 2008)
Medical developer sees synergies in labs HAMMES CO. DRIVES DEVELOPMENT OF $140 MILLION, 305,000 S.F. RESEARCH FACILITY By Sara Skalle Two major Wisconsin research institutions now share a new laboratory facility thanks to a Wisconsin developer better known for hospitals and medical office buildings. The pairing began when the state’s largest private research institution, […]
People (June 2008)
Lillibridge promotes, hires new execs CHICAGO-BASED FIRM SAYS MOVES ARE PART OF CONTINUING EXPANSION PLANS Staff Reports As part of what it calls its continuing plans for growth and expansion, Chicago-based Lillibridge recently announced several executive promotions and new hires. The firm announced that it has added Michael O. Lincoln as EVP of marketing and […]
Outpatient Projects (June 2008)
Boston Med Center unveils $189M plan 245,000 SQUARE FOOT AMBULATORY CARE BUILDING SET FOR CITY’S SOUTH END By John Mugford With its outpatient services scattered in several buildings, Boston Medical Center announced plans to remedy the situation with a future $189 million, 245,000 square foot ambulatory care center. The facility is to be named the […]
Market Focus: Dallas-Fort Worth (June 2008)
Dallas-Fort Worth continues to boom HOUSING REMAINS STRONG, RELATIVELY SPEAKING, AND SO DOES HEALTHCARE By John Mugford While much of the country wades through an economic slump and housing downturn, the Dallas-Fort Worth area, also known as the Metroplex, continues to defy the odds. Sure, housing construction has suffered in the last year or so […]
Industry Pulse (June 2008)
NEWNAN, Ga. – Piedmont Newnan Hospital, about 30 miles southwest of Atlanta, recently received the go ahead from the state for its Certificate of Need (CON) application to build a replacement hospital. The Georgia Department of Community Health in recent weeks approved the $193.7 million proposed project, which would be built on 105 acres near […]
Transactions (May 2008)
Beverly Hills MOB sells for $869 PSF HIGH-PROFILE PLASTIC SURGEONS FILL BUILDING, WHICH IS IN A ‘SKIN’-TIGHT MARKET By John Mugford Throughout the country, the price per square foot for medical office buildings (MOBs) has leveled off in recent quarters, even dropped a bit. That’s according to statistics from New York-based Real Capital Analytics (RCA) […]
Outpatient Projects (May 2008)
Camino Medical plans $100M facility 150,000 SQUARE FOOT OUTPATIENT BUILDING SLATED FOR SITE IN SUNNYVALE, CALIF. By John Mugford Mountain View, Calif.-based Camino Medical Group recently announced plans to rebuild its main clinic in Sunnyvale, Calif., just north of San Jose. The future 150,000 square foot facility, which would have twice as much space as […]
News and Analysis: Tenet Portfolio (May 2008)
Tenet says the time is right JLL IS MARKETING 34 MOBS TOTALING 2.8M S.F. FOR PROVIDER By John Mugford The reasons that Dallas-based Tenet Healthcare Corp.’s (NYSE: THC) is looking to sell a portfolio of medical office buildings (MOBs) comprise the classic definition of a monetization in today’s world of healthcare real estate. For one […]
Market Focus: Dallas-Fort Worth (May 2008)
Metroplex on the move HOSPITALS POPPING UP IN ‘BURBS AS REGION THRIVES By John Mugford There’s no complicated explanation for the strong healthcare real estate market in the Dallas-Fort Worth metropolitan area (DFW). In fact, the driver behind the success of medical real estate in what is known as the Metroplex is growth: both in […]
Industry Pulse (May 2008)
PRINCETON, N.J. – A late-summer groundbreaking is expected for a new, $441 million University Medical Center at Princeton (UMCP), the acute care hospital of Princeton HealthCare System. The replacement hospital is scheduled to open in 2011 in nearby Plainsboro, N.J. The hospital fundraising campaign recently received a major boost in the form of a $25 […]