Company Profile: Mercatus Group (September 2006)
Mercatus pursues 3-in-1 MOB model DEVELOPER OFFERS ANCILLARY CARE AND OFFICE MANAGEMENT SERVICES, TOO By Dan Emerson As any small business owner knows, independence has its challenges. Over the past two decades, many independent physicians have experienced this truism firsthand. Many report that they’ve struggled with multiple challenges, including steadily declining third-party reimbursements and growing […]
Outpatient Notes (August 2006)
MetroNational to build 35-story tower MEMORIAL HERMANN HAS SIGNED A MASTER LEASE FOR WEST HOUSTON PROJECT By Sonja Pedersen-Green Memorial Hermann announced July 17 that it has signed an extended and expanded master lease agreement with MetroNational Corp. to construct a new 35-story tower on Memorial Hermann’s Memorial City at U.S. Interstate 10 and Gessner […]
Transactions (August 2006)
Triple Net chases another breed of MOB FIRM SNAPS UP $175 MILLION IN ADMINISTRATIVE SPACE USED BY HEALTH INSURERS By Murray W. Wolf Maybe they’re not medical office buildings (MOB) in the usual sense – with physician offices, outpatient surgery, imaging, labs or pharmacies. But when the buyer is a major national real […]
Special Focus: Retail (August 2006)
Rubbing shoulders with retail? MORE MEDICAL SPACE IS POPPING WHERE PEOPLE ARE SHOPPING By Sonja Pedersen-Green Retail locations might just be a new hotspot for medical properties. Although small clinics in big box retail stores have been around for a few years, the new trend might be integrated medical office/retail development, or the placement […]
Q&A: Joe Kurzydym of Lillibridge (August 2006)
By Murray W. Wolf Joe Kurzydym is an executive vice president (EVP) and the chief financial officer with Lillibridge, a Chicago-based healthcare real estate firm that owns or manages 10 million square feet of medical properties for more than 250 hospitals and health systems in more than 40 states. Headed by namesake president and CEO […]
News & Analysis: (August 2006)
M&O nabs Novant portfolio MEADOWS & OHLY ACQUIRES EIGHT MOBs FOR $121.7 MILLION By John Mugford As expected, interest was extremely keen for a portfolio of five Class A medical office buildings (MOBs) offered for sale in recent months by Novant Health Inc., a growing, eight-hospital system based in Winston-Salem, N.C. After receiving offers […]
Market Focus: Los Angeles (August 2006)
Med real estate developers still love L.A. UPGRADES, EXPANSIONS, SEISMIC STANDARDS KEEP LOS ANGELES’ MARKET STRONG By John Mugford Here comes the big one! No, not that one – hopefully. However, in most cities throughout California the main topic on the minds of folks involved in healthcare and healthcare real estate is Senate […]
Industry Pulse (August 2006)
COLUMBUS, Ohio – Now that the long-anticipated $121.7 million Novant Health medical office building (MOB) portfolio sale has finally closed (please see “M&O nabs Novant portfolio” article to the right), does that bring the era of $100 million-plus MOB portfolio sales to an end? Not quite, according to industry sources. Healthcare Real Estate Insights™ […]
Special Report: BOMA Conference: MOB Strategies (August 2006)
Why develop non-acute care real estate? BOMA MOB CONFERENCE DELVES INTO THE STATEGIES BEHIND OUTPATIENT FACILITIES By Murray W. Wolf At first glance, the impetus for developing new outpatient facilities can seem as simple as a need for more space. But upon closer examination, there are usually myriad other reasons – many of […]
Senior Living Notes (July 2006)
Nordberg to head new joint venture FORMER MEDICAL OFFICE PROPERTIES CEO SETS SITES ON SENIOR HOUSING By Murray W. Wolf Former Medical Office Properties Inc. chief executive Edward P. Nordberg Jr. will head a new joint venture aimed at acquiring, financing and investing in senior housing and healthcare-related properties. NorthStar Realty Finance Corp. […]
Publisher’s letter (July 2006)
More exciting than soybeans BOMA MOB SEMINAR DRAWS A HEALTHY CROP OF ATTENDEES Dear Reader: A few years ago, before I was fortunate enough to hire John Mugford as our editor, I was interviewing candidates for that vital editorial position. I had a great interview with one well-qualified candidate and offered her the job. The […]
Outpatient Projects (July 2006)
Norton’s new MOB is just the beginning HEALTH SYSTEM HAS BIG PLANS FOR DOWNTOWN AND EAST LOUISVILLE CAMPUSES By Sonja Pedersen-Green Even though Louisville, Ky.-based Norton Healthcare earlier this month opened the $20 million first phase of a new campus in the fast-growing eastern part of town, it has no plans to neglect its […]
Inpatient Projects (July 2006)
State denies Orlando children’s hospital NEMOURS’ OFFICIALS SAY THEY ARE STILL COMMITTED TO NEW FLORIDA FACILITY By John Mugford The Nemours Foundation of Jacksonville, Fla., has suffered a major setback in its goal to build a new children’s hospital in Orlando, Fla. In mid-June, the Florida Agency for Health Care Administration (AHCA) denied Nemours’ application […]
Transactions (July 2006)
A hospital redevelopment success story 642,000 S.F. ELIZABETH PLACE IS ON THE BLOCK IN DAYTON, OHIO By John Mugford Here at Healthcare Real Estate Insights™, we’re not in the practice of writing promotional pieces about medical properties on the sale block. But in Dayton, Ohio, the Washington, D.C.-based office of Marcus & Millichap […]
Q&A: John Cobb of GE HFS (July 2006)
Reorganization is paying off for GE HFS JOHN COBB SEES BRIGHT FUTURE FOR HIS GROUP AND THE INDUSTRY AS A WHOLE By Murray W. Wolf John Cobb is senior managing director of the real estate financing team for GE Healthcare Financial Services (GE HFS). A few weeks before GE HFS announced a whopping […]