Market Focus: Atlanta (July 2007)
Humming with healthcare ‘DOUBLE WHAMMY’ KEEPS ATLANTA MARKET HOPPING By Jessica Griffith A one-two demographic punch is keeping Atlanta’s demand for healthcare ahead of its supply. “We’ve got a double whammy going on,” says Thomas W. Tift III, president and CEO of Atlanta-based HealthAmerica Realty Group. “Atlanta is growing so fast plus the […]
Inpatient Projects (July 2007)
Mercy unveils big plans in Baltimore $400 MILLION TOWER WILL ADD 672,000 SQUARE FEET TO HOSPITAL’S PRESENCE By John Mugford BALTIMORE – Mercy Medical Center in Baltimore recently announced plans to build what it is calling a state-of-the-art, $400 million patient tower in the heart of the downtown. The hospital, which is part of […]
Company Profile: Health Development Partners (July 2007)
At-risk model is at work for developer HEALTHCARE DEVELOPMENT PARTNERS GOING STRONG AT 15 YEARS, $1.6B By John Mugford It was by accident – well, sort of – that Todd Bryant got into the business of developing medical buildings two decades ago. That chance involvement led to the founding of his healthcare development firm, […]
Industry Pulse (July 2007)
OAKLAND COUNTY, Mich. – Flint, Mich.-based McLaren Health Care Corp. was recently given the final go ahead to proceed with its massive $600 million, 74-acre “healthcare village” in Oakland County, in the far northwest exurbs of Detroit. The final land use approval was granted in recent weeks by the Board of Trustees for Independence Township, […]
Transactions (July 2007)
Community Health making big moves FOR-PROFIT COMPANY TO ENTER NOT-FOR-PROFIT SPOKANE, WASH., MARKET By John Mugford SPOKANE, Wash. – Franklin, Tenn.-based Community Health Systems Inc. (NYSE: CYH) is on the verge acquiring two hospitals in Spokane and pumping tens of millions of dollars into renovating the facilities. According to local news reports, Community Health […]
Q&A: Larry Mathis (July 2007)
Real estate from a CEO’s perspective LARRY MATHIS, FORMERLY OF METHODIST, GIVES HIS TAKE ON THE INDUSTRY By John Mugford Healthcare real estate professionals are always saying they’d love to get as many appointments with hospital and health system executives as possible. And why wouldn’t they? Determining the real estate needs, desires and strategies […]
Outpatient Projects (July 2007)
Manhattan gets rarity: MOB condos ABR PARTNERS IS DEVELOPING SIX-FLOOR FACILITY IN HIGH-DEMAND MARKET By John Mugford Demand for medical office space is booming on New York Cuty’s Upper East Side, where a flurry of residential developments has left rentable medical space in short supply. This section of New York City is also […]
Market Focus: Atlanta (July 2007)
Atlanta rising DEMAND GROWS AS AREA SPREADS ITS WINGS By Jessica Griffith A one-two demographic punch is keeping Atlanta’s demand for healthcare ahead of its supply. “We’ve got a double whammy going on,” says Thomas W. Tift III, president and CEO of Atlanta-based HealthAmerica Realty Group. “Atlanta is growing so fast plus the […]
Inpatient Projects (July 2007)
Mercy unveils big plans in Baltimore $400 MILLION TOWER WILL ADD 672,000 SQUARE FEET TO HOSPITAL’S PRESENCE By John Mugford BALTIMORE – Mercy Medical Center in Baltimore recently announced plans to build what it is calling a state-of-the-art, $400 million patient tower in the heart of the downtown. The hospital, which is part of […]
News and Analysis (June 2007)
HCP bounds big into bio REIT ACQUIRES SLOUGH ESTATES USA for $2.9B By John Mugford And now, in one fell swoop – one very big swoop – Health Care Property Investors Inc. (NYSE:HCP), the country’s largest healthcare real estate investment trust (REIT) by market capitalization, has become one of the country’s largest bioscience landlords […]
RCA’s MOB stats (June 2007)
MOB prices cooled in Q1 BUT WHETHER THAT’S A TREND REMAINS TO BE SEEN By John Mugford For the first time in more than three years, it looks like the average price per square foot (PSF) for medical office building (MOB) sales has dropped a bit. You read that correctly. For the past several […]
Transactions (June 2007)
NNN Healthcare continues buying spree WITH LATEST PURCHASE, NEW REIT BOOSTS MOB PORTFOLIO TO ABOUT $110 MILLION By John Mugford Santa Ana, Calif.-based NNN Healthcare/Office REIT Inc., which made its first medical office acquisitions as a new real estate investment trust (REIT) in January of this year, recently announced three new separate medical office building […]
Senior Living (June 2007)
Ventas completes acquisition of Sunrise $1.07 BILLION TRANSACTION CLOSES AFTER VENTAS INCREASES THE PRICE By John Mugford After surviving a competing offer and a court date, healthcare real estate investment trust (REIT) Ventas Inc. of Louisville, Ky., in recent weeks completed its $1.07 billion acquisition of Toronto-based Sunrise Living Real Estate Investment Trust. Before closing […]
Publisher’s Letter (June 2007)
Is it time to break into bio? BIOSCIENCE REAL ESTATE MIGHT BE YOUR NEW FRONTIER Dear Reader: Is it time for your organization to diversify into bioscience real estate? We think so – and we already have. In March 2006, we launched a publication called Bioscience Real Estate Insights™. BREI™ is modeled after Healthcare Real […]
Market Focus: Seattle (June 2007)
Sunny days for Seattle’s med real estate KEY CITY’S HEALTHCARE INDUSTRY SEES MAJOR BUILDING BOOM OF $1 BILLION By Beth Mattson-Teig The volume of healthcare construction in the Seattle metro area is staggering, with more than $1 billion in construction projects recently completed, under way or planned. Virtually every major healthcare institution in […]