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 […]
Industry Pulse (April 2007)
CHESTERTON, Ind. – The healthcare community is abuzz in Porter County, Indiana, located just south of Lake Michigan and about 50 miles east of Chicago. That’s because officials with a massive planned residential and commercial community called Coffee Creek Center recently confirmed that they are in discussions to bring a new hospital to their development. […]
Companies (April 2007)
Another REIT joins healthcare arena CARE INVESTMENT TRUST HOPES TO RAISE $275 MILLION IN IPO Staff Report NEW YORK – New York-based CIT Group Inc. (NYSE:CIT) recently announced that it is looking to raise up to $275 million through an initial public offering (IPO) for its newly organized healthcare real estate investment trust […]
Companies (March 2007)
Duke closes on acquisition of Bremner INDIANAPOLIS-BASED FIRMS CLOSE ON DEAL TO CREATE MED REAL ESTATE UNIT By John Mugford Duke Realty Corp. (NYSE: DRE) recently finalized its acquisition of Bremner Healthcare Real Estate. Bremner now operates as Bremner-Duke Healthcare Real Estate. Duke also announced that it was close to closing the […]
News & Analysis: Triple Net REIT (March 2007)
Triple Net launches healthcare REIT NNN STARTS WITH A PAIR OF INDIANA PROPERTIES By Jessica Griffith Triple Net Properties LLC of Santa Ana, Calif., has been buying up plenty of properties over the years. Its total portfolio of owned and managed commercial and multi-family facilities composes more than 32 million square feet. And […]
Industry Pulse (March 2007)
SAN DIEGO – On the West Coast, Bob Rosenthal is considered a guru – perhaps the guru – of medical office building (MOB) development, as it has been his sole concentration for 35 years of his career. Recently, Mr. Rosenthal announced that he is retiring as the president and managing principal of San Diego-based […]
Company Profile: Aardex LLC (March 2007)
Making the move to medical DENVER-BASED AARDEX IS GROWING WITH ITS ‘USER EFFECTIVE DESIGN’ CONCEPT By Dan Emerson For Denver-based Aardex LLC, the 185,000 square foot Signature Centre in Denver West may be the most important project the 24-year old firm has ever developed. Scheduled to open this month, the $46 million […]
Transactions (March 2007)
Montecito, ING launch JV with MOB buys TWO FIRMS NOT KNOWN FOR MEDICAL REAL ESTATE INVEST MORE THAN $90 MILLION By John Mugford Montecito Medical Investment Co. (MMIC) of Jacksonville, Fla., recently announced that it has entered a joint venture with New York-based ING Clarion Partners to acquire medical office buildings (MOBs) throughout the country. […]
Special Report : HREI Editorial Board Roundtable, Part 4 (March 2007)
Developers could be sellers this year MONETIZATIONS, RISING PRICES, CONSOLIDATIONS LIKELY TO CONTINUE IN 2007 By John Mugford In three previous editions of Healthcare Real Estate Insights™, we have published highlights of a roundtable discussion that took place at our recent Editorial Advisory Board meeting in Chicago, providing a look back at 2006 development and […]
Publisher’s Letter (March 2007)
More room for improvement MEDICAL FACILITIES COULD STILL BE IMPROVED CONSIDERABLY 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 […]
Product Focus: Skills Nursing Facilities (March 2007)
Skilled nursing rebound SOME SAY SMART MONEY IS SNIFFING AROUND SNFs By Brian Busek For many healthcare real estate investors, skilled nursing facilities (SNFs) gained a reputation in the 1990s and early 2000s as a product type to be avoided. The Balanced Budget Act of 1997 had changed Medicare reimbursement from a cost-plus […]
People (March 2007)
Cafaro signs new deal with Ventas Inc. CEO HELPED LEAD HEALTHCARE REAL ESTATE COMPANY THROUGH TOUGH TIMES By John Mugford It was announced in early 2007 that Debra A. Cafaro, who as chairman and CEO helped bring Louisville, Ky.-based Ventas Inc. (NYSE: VTR) from the brink of bankruptcy to solid financial footing, has signed a […]