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 […]
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) […]