Editor’s Letter (October 2007)
In your face, credit crunch AS THIS ISSUE SHOWS, DEALS ARE CERTAINLY GETTING DONE Dear Reader: As I wade through the numerous news reports and press releases that we receive from various outlets around the country, and interview folks involved in healthcare real estate, I’m taken aback by the volume of medical office building (MOB) […]
Industry Pulse (September 2007)
ELK GROVE, Calif. – As of mid-August, Methodist Hospital of Sacramento and its parent company, San Francisco-based Catholic Healthcare West (CHW), were reportedly talking with a development firm about land for a new hospital in growing Elk Grove, about 20 miles south of Sacramento. CHW was looking for land large enough – in the 25- […]
Industry Pulse (August 2007)
HOUSTON – The trouble doesn’t seem to be over for the former physician-owned Town & Country Hospital in Houston. Recently, doctors leaving a medical office building (MOB) on the campus filed two lawsuits against Houston-based Memorial Hermann Healthcare System, which acquired the hospital and MOB in early 2007 from Medical Properties Trust Inc. (NYSE: MPW), […]
Industry Pulse (July 2007)
OAKLAND COUNTY, Mich. – Flint, Mich.-based McLaren Health Care Corp. was recently given the final go ahead to proceed with its massive $600 million, 74-acre “healthcare village” in Oakland County, in the far northwest exurbs of Detroit. The final land use approval was granted in recent weeks by the Board of Trustees for Independence Township, […]
Industry Pulse (June 2007)
SANTA CLARITA, Calif. – With controversy swirling among residents and local officials over the size of its planned expansion, 230-bed Henry Mayo Newhall Memorial Hospital in Santa Clarita has scaled back its 20-year master plan. The hospital’s latest plan calls for doubling the size of the 330,000 square foot medical complex. The 20-year buildout […]
Industry Pulse (May 2007)
PALM BEACH GARDENS, Fla. – As this edition of Healthcare Real Estate Insights™ was going to press, we received notice that Palm Beach Gardens, Fla.-based Rendina Cos. had sold 17 medical office buildings (MOBs) for $288 million to Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN).Rendina also announced the sale of its affiliated property management […]
Industry Pulse (April 2007)
CHESTERTON, Ind. – The healthcare community is abuzz in Porter County, Indiana, located just south of Lake Michigan and about 50 miles east of Chicago. That’s because officials with a massive planned residential and commercial community called Coffee Creek Center recently confirmed that they are in discussions to bring a new hospital to their development. […]
Industry Pulse (March 2007)
SAN DIEGO – On the West Coast, Bob Rosenthal is considered a guru – perhaps the guru – of medical office building (MOB) development, as it has been his sole concentration for 35 years of his career. Recently, Mr. Rosenthal announced that he is retiring as the president and managing principal of San Diego-based […]
Industry Pulse (Febuary 2007)
CLEVELAND – Hillcrest Hospital in Cleveland, part of the Cleveland Clinic system, recently announced plans for a five-year, $163 million campus expansion and renovation. The construction project at the 424-bed facility would be the largest investment Cleveland Clinic has made at one of its nine hospitals, part of the Cleveland Clinic Regional Hospitals division. The […]
Industry Pulse (January 2007)
Firm was an MOB pioneer MEDICAL OFFICE PROPERTIES INC. WAS AHEAD OF ITS TIME By Jessica Griffith Today, investors from pension funds to real estate investment trusts (REITs) view medical office properties as a solid niche in which to sink some equity. But a decade ago, few outside the healthcare community wanted to own buildings […]
Industry Pulse (January 2007)
MEMPHIS, Tenn. – Methodist Le Bonheur Healthcare of Memphis recently submitted applications for two major construction projects to the Tennessee Health Services and Development Agency (HSDA). The first is for the construction of a $327 million replacement hospital for Le Bonheur Children’s Medical Center near downtown Memphis. The second is for a $124 million, 100-bed […]
Industry Pulse (December 2006)
LOS ANGELES – University of California (UC) Regents recently approved an additional $308 million for the completion of two projects that are part of UCLA’s healthcare system. The funding will be used to complete the under-construction Ronald Reagan Medical Center on the UCLA campus in Westwood and to complete the future 172-bed Santa Monica-UCLA Medical […]
Industry Pulse (November 2006)
NEWPORT BEACH, Calif. – As press time approached, Healthcare Real Estate Insights™ learned that massive Health Care Property Investors Inc. (NYSE: HCPI) has entered an agreement to gain full control of a portfolio of medical office buildings (MOBs) it has owned jointly with GE Healthcare Financial Services for the past several years. According to a […]
Industry Pulse (October 2006)
MEMPHIS, Tenn. – Methodist Healthcare of Memphis recently announced plans to seek a Tennessee Certificate of Need (CON) approval for a major expansion of its main facility and a replacement for its children’s hospital. Together, the two projects would have a total cost of $451 million. The larger of the two projects would be the […]
Industry Pulse (September 2006)
BOSTON – Tufts-New England Medical Center and New England Baptist Hospital, both based in downtown Boston, plan to build a suburban hospital with up to 190 beds and a $300 million price tag. Both hospitals are affiliated with the Tufts University School of Medicine. The hospitals have not yet named a specific location. The project […]
