Outpatient Projects (March 2008)
MOB still key to project in Norfolk, Va. EVEN THOUGH PLANS ARE SCALED BACK, MEDICAL OFFICES ARE LEFT INTACT By John Mugford There’s a fine example in Norfolk, Va., of how healthcare is considered less prone to economic downturns than other industries. Dr. Keith H. Newby, the developer of the future Fort Norfolk Plaza commercial […]
News and Analysis (March 2008)
Lillibridge looks for partner(s) FIRM LOOKS TO RECAPITZALIZE ITS MASSIVE PORTFOLIO By John Mugford During the past several weeks, Healthcare Real Estate Insights™ has learned from several sources involved in healthcare real estate that Chicago-based Lillibridge is in the process of looking for new capital partners, or a partner, to invest in its large portfolio […]
Inpatient Projects (March 2008)
Albany hospital proposes $360M project BED CAPACITY AT NEW YORK HOSPITAL WOULD INCREASE TO 747 FROM 631 BY 2012 By John Mugford Demand for medical services is booming in and around Albany, N.Y., where one hospital is in the process of a $250 million expansion and another has submitted plans to the state for a […]
Industry Pulse (March 2008)
CHARLOTTE, N.C. – Charlotte-based Carolinas HealthCare System is certainly a big provider, with its 22 hospitals, 200 locations and 5,000 licensed beds throughout North and South Carolina. And now the system is about to embark on its biggest construction project ever. Carolinas received the green light from North Carolina officials in late February to proceed […]
Companies (March 2008)
Former Triad execs launch new firm LEGACY HOSPITAL PARTNERS TO ACQUIRE, OWN HOSPITALS IN PARTNERSHIPS By John Mugford In late January, a group of seven former executives of Plano-based Triad Hospitals Inc. launched a new company to own, operate and manage acute care hospitals. Legacy Hospital Partners Inc. is targeting hospitals in small cities and […]
Transactions (Febraury 2008)
Nationwide mops up MOBs in St. Louis REIT CONTINUES DIVERSIFICATION; TEAMS WITH McSHANE ON $50M PURCHASE By John Mugford Nationwide Health Properties (NYSE: NHP), a publicly traded healthcare real estate investment trust (REIT) based in Newport Beach, Calif., is continuing with its diversification toward owning more and more MOBs. As noted in an article starting […]
Provider Profile: Memorial Hermann (February 2008)
Memorial Hermann keeps spreading out HOUSTON SYSTEM UTILIZES REAL ESTATE, DEVELOPERS TO CONTINUE EXPANSION By Dan Emerson When the Houston-based Memorial Hermann Healthcare System celebrated its centennial in 2007, it did so in style by completing the lion’s share of a $600 million building campaign. Launched in 2005, the Century Project has expanded Memorial Hermann’s […]
People (February 2008)
Lillibridge names John Montgomery to lead development CHICAGO – Lillibridge Healthcare Services in recent weeks announced that John D. Montgomery, SVP, has been appointed to head the company’s development division, which is in Plano,Texas, in the Dallas-Ft. Worth Metroplex. According to company chairman and CEO, Todd W. Lillibridge, Mr. Montgomery will be responsible for all […]
Outpatient Projects (February 2008)
Honolulu to get two new, tall MOBs MONTECITO MEDICAL, HEALTHCARE REALTY TRUST HAVE SEPARATE PLANS By John Mugford Two of the Big Kahunas in healthcare real estate are in the process of developing medical office buildings in the Pacific Ocean paradise of Hawaii. One of the firms is fast-growing Santa Barbara, Calif.-based Montecito Medical Investment […]
Inpatient Projects (February 2008)
Work starts on $747M military hospital FACILITY TO REPLACE 50-YEAR-OLD DEWITT ARMY HOSPITAL IN FORT BELVOIR, VA. By Dan Emerson Construction has started on a 120-bed, $747 million military hospital at Fort Belvoir in southeast Fairfax County,Va.The project is part of an ongoing realignment of U.S. military health facilities. The military hospital is slated to […]
Industry Pulse (February 2008)
MERRIAM, Kansas – Shawnee Mission Medical Center, located in the far western suburbs of the Kansas City metro area of Missouri and Kansas, recently announced plans to buy 42 acres in the southern part of growing Overland Park, Kan., for a future hospital. The hospital campus would be developed in phases, starting with outpatient services […]
Companies: Cogdell Spencer (February 2008)
Cogdell Spencer buys Marshall Erdmann NEW M&A DEAL IS LATEST EXAMPLE OF A MARRIAGE OF REAL ESTATE SERVICE FIRMS By John Mugford Thursday, January 24, 2008 Cogdell Spencer to buy Marshall Erdman for $247M Charlotte Business Journal Cogdell Spencer Inc. has agreed to acquire Marshall Erdman and Associates, a Wisconsin designer and builder of healthcare […]
Publisher’s Letter (February 2008)
Don’t touch that dial! WHY WE SHOULD KEEP WATCHING BAD ECONOMIC NEWS Dear Reader: When I work out in the morning, I always have the TV on to help relieve the tedium. Since I have a short attention span, I usually flip between the local news, CNN, CNN Headline News and CNBC – impatiently jabbing […]
Publisher’s Letter: 5 Years of HREI (January 2008)
Thanks for five successful years – so far LAUNCHED IN JANUARY 2003, HREI™ HAS SURVIVED AND THRIVED THANKS TO YOU Dear Reader: Five years, 60 monthly editions, about 2,500 articles and news briefs, and roughly 1 million words of copy. Those are the facts and figures on what we have published since Healthcare Real Estate […]
Project Case Study: South Texas Oncology (January 2008)
By Dan Emerson San Antonio-based Atlee Development has partnered with a local physician group, South Texas Oncology and Hematology (STOH), to develop a 130,000 square foot cancer center on a 4.6 acre parcel it acquired within the South Texas Medical Center district in San Antonio. The new STOH Cancer Center is slated to begin development […]