Special Report (September 2007)
Sold for $99.7 million LASALLE BUYS FIRST COLUMBIA’S N.Y. MOBs By John Mugford In late 2006, Latham, N.Y.-based First Columbia LLC announced that it was putting its entire, nine-property medical office building (MOB) portfolio on the sale block. The portfolio is composed of newer, mostly on-campus buildings in and around the Capital Region of […]
Special Focus: Debt Markets (September 2007)
Credit crunch hits home HEALTHCARE REAL ESTATE FEELING THE PINCH – FOR NOW By John Mugford The fundamentals of the U.S. healthcare industry remain solid. On top of that, the nation’s demographics point to continued demand for healthcare, which remains the largest and fastest-growing component of the Gross Domestic Product (GDP). “That’s just not going […]
Special Report: Ray Braun on HRT/Windrose (September 2007)
This deal had hair on it – in good way HEALTHCARE REIT, WINDROSE HAD MORE IN COMMON THAN BEARDED FOUNDERS By Murray W. Wolf and John Mugford How can a keynote speaker hold the attention of an information-overloaded audience on the final day of a three-day conference? By providing an inside look at […]
Product Focus: Ambulatory centers (September 2007)
The ever-evolving surgery center NEWER AMBULATORY FACILITIES OFTEN INCLUDE OFFICE SPACE, IMAGING, ETC. By Jessica Griffith As medical procedures continue to decamp from acute-care hospitals to ambulatory centers, hospitals, health systems and healthcare companies are finding newer and more efficient ways to deliver outpatient care. “Procedures that even five years ago required a hospital […]
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 […]