Project Case Study: HealthPartners (April 2006)
Big-box takes big pressure off hospital MINNESOTA OUTPATIENT CLINIC CREATES CONVENIENT, PRIVATE ENVIRONMENT By Jessica Griffith John Brandt received a “tough mission” in 2003. The senior business development director of HealthPartners, a Minnesota health system, was asked to remove 100,000 outpatient visits a year from heavily congested Regions Hospital in downtown St. Paul, Minn., […]
Big Boxes (April 2006)
Borrowing a page from retail BIG BOXES HOUSE HEALTHCARE OPTIONS By Jessica Griffith The Health & Wellness Center by Doylestown Hospital in Doylestown, Pa., combines medical services such as diagnostic imaging and rehabilitation with a fitness center, spa and multiple doctors’ offices. It’s also a nice place to grab a bite to […]
Transactions (April 2006)
New Jersey MOB sells for $87.5 million LONG-TERM MASTER LEASE, PROFITABLE HOSPITAL DRIVE HIGH PRICE By John Mugford On the surface, the $87.5 million paid for the 252,000 square foot Hackensack University Medical Plaza in Hackensack, N.J. – more than $347 per square foot – might seem high. But the seller, White Plains, […]
Senior Living (April 2006)
Chicago unveils $600 million senior living plan CHICAGO – Mayor Richard Daley last month unveiled a five-year senior housing plan calling for the construction of 45 buildings totaling 4,000 units at an estimated cost of $600 million. The cost is to be covered by a combination of public and private funds. Most of the units […]
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 […]