Industry Pulse (Febuary 2006)
CLEVELAND – The board of directors of University Hospitals Health System (UHHS) in mid-January unanimously approved core elements a vast new strategic plan, called Vision 2010. The plan calls for investments of more than $1 billion, including significant upgrades to the University Hospitals of Cleveland (UHC) campus, new facilities and considerable expansions at several of […]
HREI™ forms new Editorial Advisory Board (Febuary 2006)
Sunrise completes $100 million buy TORONTO-BASED SENIOR LIVING FIRM’S PORTFOLIO NOW TOPS $1 BILLION By John Mugford Toronto-based Sunrise Senior Living Real Estate Investment Trust (Toronto Stock Exchange: SZR.UN) recently completed its previously announced acquisition of four assisted living communities in the United States for $85.5 million (U.S. dollars). In addition, the company in January […]
Editorial Advisory Board Article (Febuary 2006)
HREI™ forms new Editorial Advisory Board NEWSLETTER TAPS A DOZEN INDUSTRY LEADERS FOR THEIR ADVICE AND COUNSEL By Murray W. Wolf Healthcare Real Estate Insights™ has announced the formation of its first Editorial Advisory Board. The board is composed of 12 widely recognized industry leaders active in healthcare real estate development, financing, advisory services, […]
News & Analysis: Page 1 (Febuary 2006)
Health has allure for Fluor HUGE FIRM OPENS NASHVILLE OFFICE WITH FORMER HCA EXECS By John Mugford New entrants seem to be jumping into the red-hot healthcare real estate market almost daily. But, when a Fortune 500 firm launches a healthcare division with four former HCA Inc. executives in a Nashville, Tenn., office – […]
Company Profile: Fluor Healthcare (Febuary 2006)
Health has allure for Fluor HUGE FIRM ENTERS THE MARKET WITH EX-HCA EXECS By John Mugford New entrants seem to be jumping into the red-hot healthcare real estate market almost daily. But, when a Fortune 500 firm launches a healthcare division with four former HCA Inc. executives in a Nashville, Tenn., office – now […]
Publisher’s Letter (Febuary 2006)
Thanks for the advice HREI™ CREATES FIRST EDITORIAL ADVISORY BOARD Dear Reader: “The way of the fool seems right in his own eyes, but he who listens to advice is wise.” – Proverbs 12:15 “A word to the wise ain’t necessary. It’s the stupid ones that need the advice.” – Bill Cosby I’m not sure […]
Market Focus: Phoenix (January 2006)
Phoenix rising, and rising, and rising POPULATION, MEDICAL DEVELOPMENT CONTINUE TO GROW AT A STAGGERING PACE By John Mugford Phoenix’s forecasts for population and healthcare growth during the next few decades are quite staggering. The population of the metropolitan area, currently at an estimated 3.6 million, is expected to increase by nearly 1.6 million people […]
Industry Pulse (January 2006)
ATLANTA – A replacement hospital plays a significant part in a $3 billion capital improvements master plan at Emory University in Atlanta. As part of the plan, a 700-bed replacement hospital for the Emory Hospital and Clinic would be built across the road from its current location, and would be clustered with medical research and […]
Guest Column (January 2006)
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, it is more important than ever […]
Financing & Investment: Briefs (January 2006)
Beverly Enterprises amends merger FILLMORE CAPITAL TO REPLACE NORTH AMERICAN SENIOR CARE AS PARTNER By Murray W. Wolf Beverly Enterprises Inc. (NYSE: BEV) of Fort Smith, Ark., announced Nov. 21 that financing commitments related to its previously reported merger process had been fulfilled, including receipt of a $350 million equity commitment and a $50 million […]
Company Profile: Granite Partners (January 2006)
Off to a running start GRANITE PARTNERS RACKS UP IMPRESSIVE NUMBERS By John Mugford By the year 2003, New York-based Granite Partners LLC, a national real estate investment banking firm, was humming along rather nicely. In fact, since the company’s founding in 1996 by veteran real estate investment banker John D. Lyons, Granite Partners, which […]
Publisher’s Letter (January 2006)
Curios about cap rates 7 PERCENT TO 8 PERCENT SEEMS COMMON Dear Reader: As one of the few established sources of healthcare real estate information, we get many phone calls and e-mails from readers looking for industry data – especially late in the year during strategic planning time. We have never formally kept track, but […]
Special Focus: MOB Conversions (January 2006)
Aversion to conversion? MORE PROPERTIES ARE BEING ADAPTED FOR MEDICAL USE By Jessica Griffith Developers and owners generally prefer to house medical offices either in new construction or in buildings specifically designed for healthcare tenants. There are reasons for this: Old office buildings frequently do not have the infrastructure or ceiling height to […]
Project Case Study: Skypark (January 2006)
OVERFLOW FROM 01-06. NEW STUFF BELOW. COMPANIES A joint venture of Paric Corp. and Barton Malow Co. is building the $75 million, five-story, 180,000 square foot, 72-bed Progress West HealthCare Center on 48 acres in O’Fallon, Mo. St. Louis-based Paric and Southfield, Mich.-based Barton Malow say the project will be completed next year. St. Louis-based […]
Transactions (January 2006)
New firm makes first MOB acquisition JOSS REALTY PLANS TO TARGET ASSETS IN THE $20 MILLION TO $50 MILLION RANGE By Brian Busek JOSS Realty Partners LLC is a new player in urban commercial real estate – and, it appears, on the medical real estate scene. According to a recent news release, the […]