People (September 2007)
Growing Lillibridge makes new hires HEALTHCARE REAL ESTATE COMPANY ADDS PROFESSIONALS IN VARIOUS DIVISIONS By John Mugford Chicago-based Lillibridge, a private healthcare real estate firm, recently made numerous personnel moves, including the hiring of people in a variety of positions. In recent months, Lillibridge hired: ■ Chuck Fendrich to head its property management […]
Outpatient Projects (September 2007)
Long-term outlook bright for MOBs FAVORABLE DEMOGRAPHICS WILL CONTINUE TO DRIVE THE SECTOR, REPORT FINDS By Murray W. Wolf and Sonja Pedersen-Green The long-term outlook for the medical office sector remains bright thanks to strong tenant demand generated by the healthcare needs of America’s aging population. That was the conclusion of a midyear medical […]
Industry Pulse (September 2007)
ELK GROVE, Calif. – As of mid-August, Methodist Hospital of Sacramento and its parent company, San Francisco-based Catholic Healthcare West (CHW), were reportedly talking with a development firm about land for a new hospital in growing Elk Grove, about 20 miles south of Sacramento. CHW was looking for land large enough – in the 25- […]
Editor’s Letter (September 2007)
Credit crunch? You tell us HAS THE SUBPRIME MESS AFFECTED YOUR BUSINESS? Dear Reader: We’d like to get a little more interactive with our readers this month. On Page 1 of this edition we’ve published a story concerning the current credit crunch in commercial real estate, including healthcare real estate. The general consensus of the […]
Company News: Granite Acquired (September 2007)
The new name is: Savills Granite LLC LONDON-BASED REAL ESTATE FIRM ACQUIRES GRANITE PARTNERS FOR $54 MILLION By John Mugford Ever since its founding in 1996, New York-based Granite Partners LLC has been well-connected to the capital markets and has executed more than $21 billion worth of commercial real estate transactions – many involving large […]
Transactions (August 2007)
Montecito makes three more buys TWO OF THE ACQUISITIONS ARE PART OF JOINT VENTURE WITH ING CLARION By John Mugford Santa Barbara, Calif.-based Montecito Medical Investment Company (MMIC) is continuing its strong run of acquiring medical facilities, and along the way the company is entering new markets. Montecito closed on three more acquisitions in […]
Special Report: BOMA Capital Markets (August 2007)
Interesting times for investing CAPITAL MARKETS EXPLORED AT BOMA CONFERENCE By John Mugford The high-paced, high-priced medical office building (MOB) investment environment of recent years might be in for a bit of a lull – nothing drastic, just a period of adjustment as sellers and buyers find a common ground during a period of […]
Special Report: BOMA Capital Markets (August 2007)
Interesting times for investing CAPITAL MARKETS EXPLORED AT BOMA CONFERENCE By John Mugford The high-paced, high-priced medical office building (MOB) investment environment of recent years might be in for a bit of a lull – nothing drastic, just a period of adjustment as sellers and buyers find a common ground during a period of […]
Company Profile: Health Development Partners (August 2007)
Montana project moves mountains ‘NECESSARY PROVIDER’ RELOCATES AND STILL RECEIVES $29.25M FHA LOAN By Sonja Pedersen-Green The new, $30 million North Valley Hospital (NVH) is up and running quite nicely, thank you, in Whitefish, Mont., a growing city in an area rife with outdoor recreational opportunities and ski resorts. But the building of the […]
Outpatient Projects (August 2007)
South Texas Med Center keeps growing OAKS DEVELOPMENT OF N.C. PLANS 105,000 SQUARE FOOT MOB IN SAN ANTONIO By John Mugford The growing South Texas Medical Center (STMC) in San Antonio, Texas, is attracting a new player: Cary, N.C.-based Oaks Development Group. Oaks Development, which recently announced that it is planning a three-story, 105,000 […]
Inpatient Projects (August 2007)
$240M project approved at Sequoia HOSPITAL IN REDWOOD CITY, CALIF., PLANNING 148,000 S.F. PAVILION, GARAGE By Sonja Pederson-Green REDWOOD CITY, Calif. – Sequoia Hospital in Redwood City recently received the green light from the City Council to proceed with major renovations. The $240 million plan includes the construction of a new 148,000 square […]
Industry Pulse (August 2007)
HOUSTON – The trouble doesn’t seem to be over for the former physician-owned Town & Country Hospital in Houston. Recently, doctors leaving a medical office building (MOB) on the campus filed two lawsuits against Houston-based Memorial Hermann Healthcare System, which acquired the hospital and MOB in early 2007 from Medical Properties Trust Inc. (NYSE: MPW), […]
Editor’s Note (August 2007)
Bad analogy: Shrimp & R.E. HEALTHCARE INDUSTRY’S GROWTH HAS BEEN REMARKABLE Dear Reader: I bit the head off of a huge shrimp while in New York City last month for the BOMA International 2007 Medical Office Building and Healthcare Facilities Seminar. While having dinner at a great restaurant – an event that was hosted by […]
Editor’s Note (August 2007)
Bad analogy: Shrimp & R.E. HEALTHCARE INDUSTRY’S GROWTH HAS BEEN REMARKABLE Dear Reader: I bit the head off of a huge shrimp while in New York City last month for the BOMA International 2007 Medical Office Building and Healthcare Facilities Seminar. While having dinner at a great restaurant – an event that was hosted by […]
Inpatient Projects: No more regulatory agency in Illinois?
STATE LAWMAKERS TO DECIDE FATE OF HEALTH FACILITIES BOARD BY APRIL 1 By John Mugford April Fools Day could mark a new era for healthcare construction in Illinois. That’s because by April 1, the Illinois Legislature is scheduled to decide whether to dissolve the Illinois Health Facilities Planning Board (IHFPB). The board has controlled healthcare […]