Product Focus: Cancer Centers (January 2008)
Cancer centers cropping up everywhere HOSPITALS, HEALTH SYSTEMS SEEING NEED TO CONSOLIDATE CARE, COMPETE By Dan Emerson While cancer is still the leading cause of death among Americans under age 85, medicine has made great strides in helping more patients survive the disease. With the number of cancer deaths continuing to decline, the estimated […]
Outpatient Projects (January 2008)
$100M campus slated for Bethlehem,Pa. COGDELL SPENCER INC. TO DEVELOP FACILITIES, OWN MEDICAL OFFICE BUILDINGS By John Mugford More and more health systems across the country are looking to the development of outpatient campuses to serve patients closer to home and to bolster their competitive edge. A good example of this can be found in […]
Inpatient Projects (January 2008)
For The Record Charlotte, N.C.-based MedCath Corp. (Nasdaq: MDTH) has received zoning approval to build the future Hualapai Mountain Medical Center in Kingman, Ariz., near the state’s border with Nevada. MedCath plans to start construction early this year and complete the 72-bed, 200,000 square foot cardiac hospital project by fall 2009. The facility would have […]
Industry Pulse (January 2008)
BIRMINGHAM, Ala. – The unfinished, massive Digital Hospital just south of Birmingham might get a life of caring for patients after all. Birmingham-based real estate firm Daniel Corp. recently agreed to pay $43.5 million for the 1 million square foot, 13-story hospital and its 103-acre site from Birmingham-based HealthSouth Corp. (NYSE: HLS). The health system […]
Company Profile: Navigant (January 2008)
AMDC settles under Navigant’s wing MERGER BRINGS TOGETHER CONSULTING, DEVELOPMENT, OWNERSHIP, ETC. By Jessica Griffith For nearly a quarter century, Fred Campobasso was content to build his healthcare real estate firm slowly and organically. He and Brian Baker founded Chicago-based American Medical Design Corp. (AMDC) in 1984. Over the years, the firm developed more than […]
People (January 2008)
Lillibridge names John Montgomery to lead development CHICAGO – Lillibridge Healthcare Services in recent weeks announced that John D. Montgomery, senior vice president, has been appointed to head the company’s development division, which is located in Plano, Texas, in the Dallas-Ft. Worth Metroplex. According to company chairman and CEO, Todd W. Lillibridge, Mr. Montgomery will […]
Companies: Montecito (January 2008)
Montecito’s new JV hits ground running COMPANY ALSO FORMS NEW PARTNERSHIP TO MANAGE PROPERTIES IT BUYS By John Mugford In the 19 months or so that Santa Barbara, Calif.-based Montecito Medical Investment Co. (MMIC) has been involved in healthcare real estate, the company has become one of the country’s fastest growing owners of medical-related properties. […]
Transactions (December 2007)
Doc hopes to buy, convert Waco tower SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE By John Mugford A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. […]
Special Report (December 2007)
New players, new money HREI™ BOARD DISCUSSES EMERGING INDUSTRY TRENDS By John Mugford Competition continues to heat up from newcomers, the number of development RFPs (requests for proposals) seems to be declining slightly or holding steady, and the acquisition pipeline for medical office buildings (MOBs) should remain strong. Those are a few the trends that […]
Publisher’s Letter (December 2007)
We’re the ultimate info junkies WHERE DO WE GET ALL THIS INFORMATION? EVERYWHERE WE CAN. Dear Reader: Maybe it’s the time of year. But lately we have noticed a recent increase in the number of calls and emails we have received asking for healthcare real estate data. The timing is not surprising. At most […]
Outpatient Projects (December 2007)
B&M, Dominion move into development PARTNERS BUY ANOTHER MOB, ANNOUNCE PLANS FOR TWO PROJECTS IN SAN ANTONIO By John Mugford The new kid on the block in the San Antonio, Texas, healthcare real estate scene is making its presence known rather quickly. San Antonio-based B&M Healthcare Facilities Ltd. recently closed on the acquisition of the […]
Inpatient Projects (December 2007)
All-digital replacement unveiled in N.J. VIRTUA HEALTH PLANS 376-BED REPLACEMENT ON 125 ACRES IN VOORHEES TOWNSHIP By John Mugford Marlton, N.J.-based Virtua Health recently unveiled plans for a $400 million, 376-bed “digital” hospital in Voorhees Township, N.J., located in the southeastern New Jersey exurbs of Philadelphia. The hospital would replace Virtua’s 1973 hospital in Voorhees, […]
Industry Pulse (December 2007)
CALIFORNIA – This shocker is actually good news for many California hospitals and health systems. It now looks as if about 600 hospital buildings will not necessarily have to be rebuilt or retrofitted by a deadline of 2013 in order to meet California’s strict rules for seismic safety. In recent weeks the California Building Standards […]
Company Profile: KeyBank Real Estate Capital (December 2007)
Helping to unlock capital KEYBANK IS KEYING ON HEALTHCARE REAL ESTATE By Sonja Pedersen-Green At Cleveland-based KeyBank, healthcare real estate financing is certainly a ‘key’ part of the firm’s real estate capital division. Healthcare is one of six primary lines of business in the division, and the healthcare segment generates about 10 percent of the […]
People (December 2007)
HCP Inc. elects Christine Garvey to its board LONG BEACH, Calif. – Long Beach-based HCP Inc. (NYSE: HCP), America’s largest healthcare real estate investment trust (REIT), recently announced the election of Christine Garvey to its Board of Directors. HCP’s board now totals 11 members, nine of whom are independent of the company. Ms. Garvey has […]