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, […]
Guest Column (March 2006)
Deals demand proper due diligence HEALTHCARE BUYERS CAN AVOID LEGAL PROBLEMS IF THEY DO THEIR HOMEWORK By Douglas A. Hastings and David E. Matyas As Wall Street’s enthusiasm for investing in healthcare organizations continues to swell and as recent state and federal laws and investigations have raised the stakes associated with healthcare entities’ operations, […]
Financing & Investment Briefs (March 2006)
Why the barrier to entry? FINDING AN ENTRY PLATFORM IS KEY FOR NEW PLAYERS By John Mugford Editor’s Note: This is the first in a three-part series of articles covering a Feb. 1 conference in New York titled: “Breaking New Ground: The Escalating Flow of Capital to Medical Real Estate.” Healthcare Real Estate Insights™ […]
Company Profile- Lauth (march 2006)
New healthcare group soars IN TWO YEARS, LAUTH PROPERTY GROUP BUILDS STURDY PORTFOLIO By Jessica Griffith When Lauth Property Group decided to create a healthcare division in recent years, the real estate development and construction firm brought in an expert. In 2003, the Indianapolis-based company hired Todd Jensen, a regional vice president from […]
Columbia Roundtable (March 2006)
Healthcare real estate has come of age INDUSTRY EXPERTS AT COLUMBIA UNIVERSITY ROUNDTABLE NOTE POSITIVE TRENDS Editor’s Note: On Feb. 7, as part of its Real Estate Roundtable Series, the Columbia University Master of Science in Real Estate Development (MSRED) presented “Trends in Health Care Real Estate.” The event, which was held on the Columbia […]
Project Case Study: Shuttered hospital gets new life
WHITE PLAINS, N.Y., SITE TO BE CONVERTED TO SENIOR CONDOS By Jessica Griffith A vacant hospital that sometimes doubles as a movie set is now the stage for a new senior housing development in White Plains, N.Y. A quintet of partners, called North Street Community LLC, purchased the 23-acre site of the former St. Agnes […]
Transactions (Febuary 2006)
Oakland MOB on ‘Pill Hill’ fetches $25M OAKLAND, Calif. – It looks as if a medical office building (MOB) in the Pill Hill neighborhood of Oakland, Calif., is not going to fetch nearly double the investment for the sellers after all. Compass Grand Associates which purchased Broadway Webster Medical Plaza four years ago for $17.8 […]
Senior Living (Febuary 2006)
California developer bound for China SUNNYLIFE GLOBAL ENTERS DEAL TO DEVELOP 1,500 ASSISTED LIVING UNITS By John Mugford Talk about taking its senior living development show on the road. West Covina, Calif.-based Sunnylife Global Inc. recently entered a land-lease agreement with the Chinese government that’s expected to lead to the development of 1,500 units of […]
People (Febuary 2006)
PEOPLE PEOPLE Thomas Garthwaite was named executive vice president and chief medical officer of Newton Square, Pa.-based Catholic Health East. He had been director of the Los Angeles County Department of Health Services… Dean Harrison was named CEO of Northwestern Memorial HealthCare, Chicago, replacing Gary Mecklenburg, who announced that he plans to retire Sept. 1. […]
Outpatient Projects (Febuary 2006)
Windrose completes Houston projects Windrose completes Houston projects REIT’s subsidiary finishes two-facility, $57 million development in Bellaire, Texas By John Mugford Windrose Medical Properties Trust (NYSE: WRS) recently completed the development of a two-facility, $57 million medical development in the Houston area: the 64-bed Foundation Surgical Hospital and the 103,000 square foot Foundation Medical Tower, […]
Inpatient Projects (Febuary 2006)
Cal projects reeling from sky-high costs UCSF, PALOMAR, SUTTER, OTHERS DELAYING – EVEN CANCELING – CONSTRUCTION By John Mugford Things aren’t always sunny and carefree in California. Take the cost of construction. Several major healthcare providers have indicated they might possibly delay, or even cancel, previously planned construction projects because of escalating costs. Providers feeling […]
Market Focus: Cincinnati (Febuaruy 2006)
Cincinnati area is a healthcare hotbed CURRENT, FUTURE PROJECTS COULD REACH $1 BILLION; SUBURBS SEE BIG GROWTH By John Mugford In a Page 1 article in USA Today back on Jan. 3, several cities were named as current hotbeds of hospital construction. They included Denver; Austin, Texas; Charleston, S.C.; and Cincinnati. Yes, Cincinnati, […]