Product Focus: Medical Fitness Centers (September 2006)
Hospitals look to get ‘fit’ MEDICAL FITNESS CENTERS ARE A GROWING TREND By Sonja Pedersen-Green Not only do medical fitness centers have the ability to keep people healthy, but they have the capacity to make hospitals feel better – financially and image-wise – as well. That’s because medical fitness centers are typically affiliated […]
Outpatient Notes (September 2006)
Phoenix developer plans massive project ALGODON MED OFFICE PARK WOULD CONTAIN 4.2 MILLION SQUARE FEET By John Mugford In what would undoubtedly be the largest medical project in the West Valley of the Phoenix metro area, a development firm run by well-known businessman John F. Long and his family plan to break ground […]
Inpatient Projects (September 2006)
Bayou budget crunch complicates plans RISING CONSTRUCTION COSTS COULD COMPLICATE LOUISIANA REBUILDING EFFORT By John Mugford BATON ROUGE, La. – Recently, Louisiana State University (LSU) officials made good-news announcements about a potential plan to build new hospitals in downtown New Orleans and in Baton Rouge to replace two charity hospitals lost to Hurricane […]
Industry Pulse (September 2006)
BOSTON – Tufts-New England Medical Center and New England Baptist Hospital, both based in downtown Boston, plan to build a suburban hospital with up to 190 beds and a $300 million price tag. Both hospitals are affiliated with the Tufts University School of Medicine. The hospitals have not yet named a specific location. The project […]
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 […]