Inpatient Projects (June 2007)
Post-Katrina building boom in Louisiana BESIDES REPAIRS, HOSPITALS ARE ACCELERATING PREVIOUSLY PLANNED EXPANSIONS By John Mugford Following Hurricane Katrina in 2005, Louisiana has been marked by difficult financial times, a redistribution of the New Orleans’ populace, and a somewhat surprising boom in hospital projects. As LSU Healthcare Services officials debate how to proceed […]
Industry Pulse (June 2007)
SANTA CLARITA, Calif. – With controversy swirling among residents and local officials over the size of its planned expansion, 230-bed Henry Mayo Newhall Memorial Hospital in Santa Clarita has scaled back its 20-year master plan. The hospital’s latest plan calls for doubling the size of the 330,000 square foot medical complex. The 20-year buildout […]
Companies (June 2007)
Granite Partners moves to senior sector MARKETER OF MOBs HIRES INDUSTRY VETERAN TO LEAD FIRM’S NEW ENDEAVOR By John Mugford New York — Granite Partners, LLC, a New York-based real estate investment banking firm that in recent years began marketing medical office buildings (MOBs) for clients, recently announced that it is planning to expand into […]
People: Bob Rosenthal (sidebar) (May 2007)
More thoughts from Bob Rosenthal UPON RETIREMENT, HE SHARES INSIGHT ABOUT THE INDUSTRY, HIS COMPANY By John Mugford After having been involved in healthcare development in one form or another for nearly 50 years, Bob Rosenthal certainly has plenty of insights into the business. In addition to our main feature story on Mr. Rosenthal […]
Publisher’s Letter (May 2007)
One of the good guys BOB ROSENTHAL HAS BEEN AN INDUSTRY LEADER Dear Reader: One of the pillars of quality journalism is objectivity. And, here at Healthcare Real Estate Insights™, we bend over backward maintain our objectivity. We don’t play favorites; if you see a lot of coverage of a certain person or company, it’s […]
Outpatient Projects (May 2007)
Docs, developer plan San Jose hospital SPECIALTY FACILITY WOULD PROVIDE OUTPATIENT TREATMENT AND DO RESEARCH By John Mugford A doctors’ group and Dallas-based Cirrus Group are planning a $50 million short-stay, specialty hospital and MOB next to the San Jose (Calif.) BioCenter. Ground was expected to be broken this month on the 168,000 […]
News & Analysis (May 2007)
ProMed is indeed pro-medical DIVISION OF ISRAELI FIRM LOOKS TO BUILD LARGE U.S. PORTFOLIO By John Mugford The latest announcement from ProMed Properties Inc. involves a significant healthcare acquisition: the $113 purchase of an 18-story, 435,500 square foot medical office and research building on the campus of the Science Center in the University City […]
Industry Pulse (May 2007)
PALM BEACH GARDENS, Fla. – As this edition of Healthcare Real Estate Insights™ was going to press, we received notice that Palm Beach Gardens, Fla.-based Rendina Cos. had sold 17 medical office buildings (MOBs) for $288 million to Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN).Rendina also announced the sale of its affiliated property management […]
Companies (May 2007)
Shattuck Hammond to be acquired MORGAN KEEGAN TO CLOSE ON NEW YORK-BASED INVESTMENT BANK DURING Q2 By John Mugford Memphis, Tenn.-based Morgan Keegan & Co. Inc. in recent weeks entered an agreement to acquire New York-based Shattuck Hammond Partners LLC, an independent investment banking and financial advisory firm specializing in healthcare services. Morgan Keegan is […]
News & Analysis: MOB data (April 2007)
MOB sales keep pace in 2006 CAP RATES DROPPED TO AVERAGE OF 6.8% IN FOURTH QUARTER By Jessica Griffith In the fourth quarter (Q4) of 2006, Cambra Realty purchased 120 South Spalding Drive in Beverly Hills, Calif., for $42 million at a rock-bottom capitalization rate of 4.9 percent. This 68,000 square foot medical office […]
News & Analysis (April 2007)
The power of 2 (portfolios) OHIO SYSTEM’S, DEVELOPER’S MOBs SELL FOR $100 MILLION By John Mugford As this edition was about to go to press, Healthcare Real Estate Insights™ learned of the closing of a major medical office portfolio in Ohio. And even though the sale of 11 medical office buildings (MOBs) […]
Transactions (April 2007)
Ohio medical mall fetches $47 million FORMER HOSPITAL PROPERTY WAS REDEVELOPED, REPOSITIONED BY ENTREPRENEUR By John Mugford The hard work and efforts of a former day trader who acquired and then redeveloped a former hospital in Dayton, Ohio, into a massive medical mall appear to have paid off. In recent weeks, Norm Schwab and […]
Q&A: Todd Jensen (April 2007)
Putting Lauth on the healthcare map TODD JENSEN WAS LEFT HAMMES CO. IN 2003 TO HEAD FIRM’S HEALTHCARE GROUP By John Mugford Prior to W. Todd Jensen’s arrival at Indianapolis-based Lauth Property Group in 2003, the real estate and development firm had only dabbled in healthcare. From its founding in 1977, the company had […]
Publisher’s Letter (April 2007)
Room for improvement MEDICAL FACILITIES COULD STILL BE MUCH BETTER Dear Reader: As the parents of three active children ages 8, 11 and 13, my wife and I have ample opportunities to experience healthcare real estate first hand. Hardly a week passes without someone needing a routine check-up or, more likely, to be seen for […]
Inpatient Projects (April 2007)
CHW plans $9 billion in capital spending CATHOLIC HEALTHCARE WEST TO INVEST HEAVILY IN NEW HOSPITALS, UPGRADES By John Mugford Catholic Healthcare West (CHW), the massive health provider with 42 hospitals in California, Arizona and Nevada, is no slouch when it comes to investing in its facilities. For example, the system spent $593 million on […]