People (June 2006)
Rendina Cos. brings on several new executives PALM BEACH GARDENS, Fla. – Rendina Cos. recently announced the appointment of several new executives. Todd H. Varney has been promoted from his position as senior vice president to executive vice president. Mr. Varney was formerly responsible for leasing in the eastern and central regions. Doug Lerner was […]
News & Analysis: Foreign Investment
Foreign money not yet a factor ONLY A FEW DEALS HAVE BEEN DONE, SOURCES SAY By Jessica Griffith Despite a few recent, publicized deals involving offshore investors, foreign currency is making only a few inroads into the American medical office market. While investors both large and small remain enamored with U.S. medical office properties […]
Q&A: Kevin O’Neil, Trammell Crow (June 2006)
Kevin O’Neil leads rapid growth of TCHS TRAMMELL CROW HEALTHCARE SERVICES HAS BECOME A MAJOR PLAYER SINCE 2002 By John Mugford In formally launching a designated healthcare division back in 2002, mega-sized real estate firm Trammell Crow Co. (NYSE: TCC) jumped into the industry full-bore – as outsiders probably would assume a company […]
Project Case Study: Memorial Hermann
Massive project, massive planning HOUSTON’S MEMORIAL HERMANN SYSTEM WRAPPING UP CENTURY BUILDING PROJECT By Jessica Griffith What covers nine campuses, contains more than 3 million square feet and spans 100 years of healthcare history? They say everything is bigger in Texas, and Memorial Hermann Healthcare System’s Century Project is doing plenty to […]
Industry Pulse (June 2006)
Industry Pulse CLEVELAND — Cleveland Clinic recently launched an ambitious five-year, $1.25 billion fundraising campaign to generate major financial support for the provider in four major areas. The clinic is seeking $440 million to support a capital improvements campus master plan, $300 million to support clinical and basic research, $275 million for medical and patient […]
Granite Partners Panel 3 (June 2006)
Money, money, money! EXPERTS POINT OUT WAYS TO MAXIMIZE RETURNS ON MEDICAL REAL ESTATE Editor’s Note: This is the final installment of a three-part series of articles covering a recent conference in New York titled: “Breaking New Ground: The Escalating Flow of Capital to Medical Real Estate.” Healthcare Real Estate Insights™ was on hand to […]
Publisher’s Letter (May 2006)
Tired of being the whipping boy BUILDING BOOM IS NOT TO BLAME FOR RISING HEALTHCARE COSTS Dear Reader: As the healthcare building boom has continued in recent years, and as Healthcare Real Estate Insights™ has become better known, we have received an increasing number of interview requests from the media. Just so far this year, […]
Special Focus: Physician Investment (May 2006)
A growing piece of the MOB pie MORE AND MORE PHYSICIANS FIND EQUITY DEALS ATTRACTIVE By Jessica Griffith Medical office developers began offering doctors a share of real estate profits more than two decades ago. For most of those 20 years, the practice of having physicians involved in the ownership of medical office […]
Project Case Study: Alexian (May 2006)
Equity option boosts Chicago-area MOBs PHYSICIAN INVESTMENT OPPORTUNITY HELPS TO FILL TWO NEW NEXCORE BUILDINGS By Jessica Griffith A pair of new medical office buildings (MOBs) will complement expansions at two hospitals owned by Alexian Brothers Health System in suburban Chicago. Denver-based NexCore Group developed the buildings and as part of the package, […]
Inpatient Projects (May 2006)
Report calls for new hospital for New Orleans CONSULTANT ALSO MAKES CASE FOR REVAMPING LOUISIANA HEALTHCARE SYSTEM By John Mugford BATON ROUGE, La. – Even before Hurricane Katrina ravaged the Gulf Coast region last August, LSU Healthcare Services had considered building a single replacement facility for the aging Charity and University hospitals in downtown […]
News and Analysis (May 2006)
New player makes jump to MOBs MONTECITO, KNOWN FOR RESIDENTIAL CONDOS, ACQUIRES 14 BUILDINGS By John Mugford Jacksonville, Fla.-based Montecito Property Co. LLC has become quite a significant player in the residential condo-conversion industry, in which it buys multifamily properties and turns them into upscale condominiums. “Significant” could be considered an understatement, as the […]
Industry Pulse (May 2006)
CHICAGO – Children’s Memorial Hospital of Chicago recently announced plans for a $750 million, 275-bed replacement hospital at a new location. Plans call for construction of the new hospital in downtown Chicago at a site near Northwestern Memorial Hospital. The provider’s current campus on the city’s north side is slated for sale to developers. Construction […]
Company Profile: Faulkner Real Estate (May 2006)
Staking a bigger claim in medical office FAULKNER REAL ESTATE LOOKS TO ACQUIRE, DEVELOP $100 MILLION ANNUALLY By Jessica Griffith Fred Faulkner thought his years of experience as a developer of Class A office buildings would transfer easily to the medical office market. “I thought it would be something like Coke introducing Diet Coke; […]
Financing & Investment Briefs (April 2006)
New REIT structure spurs CapitalSource TAX ADVANTAGES MAKE MORE HEALTHCARE REAL ESTATE DEALS VIABLE, CEO SAYS By Murray W. Wolf Moving to a real estate investment trust (REIT) structure is helping CapitalSource Inc. (NYSE: CSE) to accelerate its growth, particularly in the area of healthcare real estate, company official say. CapitalSource, a Chevy Chase, […]
Q&A: Jerry Doctrow (April 2006)
Trading places with Jerry Doctrow NOTED ANALYST USUALLY ASKS THE QUESTIONS, BUT HE’S GOOD AT ANSWERING, TOO By John Mugford Jerry Doctrow is probably the best known of the securities analysts who cover the healthcare industry, including senior housing and healthcare real estate investment trusts (REITs). Mr. Doctrow has been an analyst since […]