Outpatient Projects (April 2006)
CHS just can get enough MOB space CAROLINAS HEALTHCARE IS BUILDING AND LEASING SPACE THROUGHOUT CHARLOTTE By Murray W. Wolf Carolinas HealthCare System (CHS) opened the 185,000 square foot Morehead Medical Plaza on the campus of its flagship Carolinas Medical Center in Charlotte, N.C., in 2004. Has that provided enough medical office space to […]
Transactions (April 2006)
Busting through 6 percent CALIFORNIA MOBs SELL FOR A CAP RATE OF 5.8 PERCENT By John Mugford There may be no way to confirm it, but the early-March sale of a portfolio of five medical office buildings (MOBs) in Orange County, Calif., might represent one of the lowest – if not the lowest […]
Companies (April 2006)
Robins & Morton’s Texas projects reach $304 million DALLAS – With the recent addition of two Texas hospital construction projects totaling $181 million, the Dallas office of Robins & Morton, a construction firm concentrating on healthcare, is now working on projects totaling about $304 million in the Lone Star State. The two recently awarded Texas […]
Market Focus- San Francisco (April 2006)
By Ann Bretts Call it what you will: Senate Bill 1953, the state’s seismic safety codes, or, simply, SB 1953. Whatever the term, anyone involved in healthcare real estate in San Francisco – or anywhere in California, for that matter – the 2008 deadline for bringing acute-care facilities into compliance with the seismic regulations […]
Industry Pulse (April 2006)
INDEPENDENCE TOWNSHIP, Mich. – Providers have big plans for an area along Interstate 75 in northern Oakland County, about halfway between Detroit and Flint. Flint-based McLaren Health Care Corp. has proposed a $600 million medical care village on 80 to 90 acres. The first phase would include a medical office building (MOB) of up […]
Columbia Roundtable (April 2006)
CCRCs are hot, nursing homes are not COLUMBIA UNIVERSITY WEIGHS IN ON MAJOR TRENDS IN SENIOR LIVING REAL ESTATE Editor’s Note: This is the second installment of our two-part series covering “Trends in Health Care Real Estate,” a Feb. 7 Real Estate Roundtable discussion presented by the Columbia University Master of Science in Real Estate […]
Publisher’s Letter (April 2006)
$1.8 million or $599? Your call FIRMS FACE STIFF PENALTIES FOR COPYRIGHT LAW VIOLATIONS Dear Reader: “We just love your newsletter! When each edition arrives, I make copies for everyone in the office.” “The most recent edition of your newsletter was great. I emailed it to all of our branch offices.” I’ve actually heard comments […]
Transactions (March 2006)
Here’s a switch: Florida MOB to be converted to office FORT MYERS, Fla. – At a time when most medical office space is selling at an investment premium, at least one Florida investment group apparently believes it can do better by converting an existing MOB into mostly commercial office space. The Fort Myers News-Press recently […]
People (March 2006)
Adventist Health announces new president and CEO WINTER PARK, Fla. – Spring training baseball teams aren’t the only ones revamping their rosters down in Florida. Winter Park-based Adventist Health System has named Donald Jernigan as its new president and chief executive officer (CEO). Mr. Jernigan was promoted from his position as executive vice president (EVP) […]
Outpatient Projects (March 2006)
Rendina completes South Carolina MOB DES PERES HOSPITAL ALSO SELECTS THE FIRM TO DEVELOP ST. LOUIS FACILITY By Murray W. Wolf Rendina Cos. has completed one medical office building (MOB) in Spartanburg, S.C., and has been selected to develop another in St. Louis. The Palm Beach Gardens, Fla.-based firm recently announced that it […]
Companies (March 2006)
First Colony stakes claim to healthcare NORTH CARLONIA FIRM IS LATEST TO EXPAND ITS MEDICAL REAL ESTATE CAPABILITIES By Murray W. Wolf Charlotte, N.C.-based First Colony Corp. might be the latest commercial real estate firm to expand its healthcare capabilities, but it’s no newcomer to the industry. The 33-year-old real estate and development […]
News & Analysis: Cogdell Spencer (March 2006)
REIT is interested in Indy COGDELL ENTERS NEW MARKET WITH $39.9 MILLION BUY By Murray W. Wolf Cogdell Spencer Inc.’s acquisition last month of Methodist Professional Center One, an Indianapolis medical office building (MOB), was notable for several reasons: ▪ It was the first acquisition by Cogdell Spencer (NYSE: CSA) since the Charlotte, […]
Transactions: Atlanta MOB deal (March 2006)
RREEF acquires MOB for $61.3 million NEW DETAILS EMERGE IN RECENT ACQUISITION OF DOCTORS CENTER FOUR IN ATLANTA By Murray W. Wolf Newly obtained information reveals that RREEF North America paid $61.283 million, nearly $294 per square foot, for its recent acquisition of an Atlanta medical office building (MOB). As reported in last […]
Market Focus: Miami (March 2006)
Things have settled down a bit in Miami BUT THERE ARE PLENTY OF PROJECTS TAKING SHAPE THROUGHOUT SOUTH FLORIDA By John Mugford Two years ago, the Miami-Dade County healthcare development scene was so robust that observers likened it to the “Wild West.” Even though some industry insiders reported that the area had an […]
Industry Pulse (March 2006)
NEW YORK – Another major institutional player with large sums of capital intends to start investing in medical office buildings (MOBs). The latest entry is JPMorgan Investment Management Inc., which could invest up to $125 million in MOBs. The news was heard during a conference last month in New York, where Granite Partners LLC hosted, […]