News & Analysis: MOB’s PSF breaks record
IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT By John Mugford In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession. Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it […]
People: Mark Johnson joins Cushman Wakefield as director of PM
NEW YORK – New York-based Cushman & Wakefield recently hired Mark Johnson as director of property management, healthcare facilities. Mr. Johnson is based in Rosemont, Ill., overseeing the company’s service delivery platform while, according to the company, he helps drive “the continued growth of the firm’s Healthcare Practice Group.” “Mark’s healthcare sector knowledge and experience […]
Transactions: Health Care REIT buys MOB for $46.5M
THE 147,225 SQUARE FOOT WALDEMERE MEDICAL PLAZA IS IN SARASOTA, FLA. By John Mugford One of the key outpatient buildings on the campus of Sarasota Memorial Hospital in the oceanside town of Sarasota, Fla., recently changed hands. In a very substantial price for a transaction involving a single building, Toledo, Ohio-based Health Care REIT Inc. […]
Capital Markets Snapshot: Differing perspectives offer insights
PLAYERS WILL HAVE DIFFERENT MOTIVATIONS AS REFORM IS IMPLEMENTED By Cain Brothers As the drama around the presidential election fades and the healthcare industry focus shifts to implementation of the Accountable Care Act, understanding the process and potential outcome of the enabling legislation that will truly define the ACA’s implementation will require perspective. How the […]
Provider Perspective: Ambulatory alternatives
BANNER, MD ANDERSON AND SCRIPPS TEST TACTICS By Murray W. Wolf Most healthcare providers would agree that their “ambulatory strategy” is a top priority these days as they strive to reduce costs, improve access to care and compete more effectively. But what exactly is an ambulatory strategy?
News & Analysis: Big buys for Duke Realty
FIRM INVESTS $434 MILLION IN TWO MOB PORTFOLIOS By John Mugford Heading into the fourth quarter (Q4), brokers involved in medical office sales predicted that transaction activity would likely be brisk in the months leading up to the end of 2012. That’s because, they said, a number of owners considering selling properties at some point […]
Capital Markets Snapshot: Election will finally end the questions
IN WEAK TREASURY MARKET, MUNICIPAL BOND DEALS STILL PRICING STRONGLY Soon, it will all be over. No more bickering. No more interrupting. Election day should bring an end to the half-truths and lies we’ve suffered through. We’ll either have another four years of President Obama and eternal stimulus or a new regime led by Mitt […]
Product Focus: Q3 again strong for sales
$1.24 BILLION IN MOB DEALS IS TOPS Q3 2011 BY 75% By John Mugford With all of the investor money chasing medical office buildings (MOBs) these days, the volume of sales taking place in any given quarter is largely dependent on one factor: how much desirable product sellers are willing to put on the market. […]
News & Analysis: Prez election a big one
BUT WILL RESULT AFFECT HEALTHCARE R.E. SECTOR? By John Mugford Does the outcome of the presidential election matter for healthcare real estate? “No, at least in terms of changing current healthcare trends.” For the most part and for the near-term, that’s the answer, at least according to more than a dozen politics-watching healthcare real estate […]
Industry Pulse: October 2012
Which commercial real estate (CRE) property types have the best prospects for 2013? Medical office buildings (MOBs) rank near the top, according to a newly released report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Unveiled Oct. 17 at the ULI Fall Meeting in Denver, the report, “Emerging Trends in Real Estate,” found that “The real estate recovery is set to advance in 2013 as modest gains in leasing, rents and pricing will extend across U.S. markets from coast to coast and improve prospects for all property sectors.” The study included interviews and survey responses from more than 900 real estate experts.
Transactions: Archway Holdings buys Arizona MOB for $20 million
By John Mugford GLENDALE, Ariz. – Nearly everyone involved in healthcare real estate is talking about the onslaught of new buyers, or interested buyers, that are combing the market for well-leased MOBs with strongly credited tenants these days. One of the relatively new, active investors certainly looks to be Beverly Hills, Calif.-based Archway Holdings Corp., […]
People: HREI™ board welcomes new members
CHANGES AND ADDITIONS MADE TO EDITORIAL ADVISORY COUNCIL FOR 2012-13 Several changes were recently made to the Healthcare Real Estate Insights™ Editorial Advisory Board, Editor John B. Mugford has announced. Three new members were added, two members swapped roles with others in their companies, and one member stepped down after leaving the industry. “We greatly […]
Q & A: Cushman & Wakefield foresees growth
LONGTIME CONSULTANT MASON HIRED TO HELP EXPAND FIRM’S HEALTHCARE UNIT By John Mugford New York-based Cushman & Wakefield and its thousands upon thousands of brokers throughout the country – and the world for that matter – have certainly been involved in the healthcare real estate sector over the years. However, when the nearly 100-year-old real […]
Companies: Firm looking to invest up to $1 billion
WITH BERKSHIRE AS ITS NEW PARTNER, MONTECITO IS BACK IN THE BUYING MODE By John Mugford Chip Conk likes to call the years leading up to the recession as the “go-go” years for making acquisitions in the healthcare real estate sector. And Santa Barbara, Calif.-based Montecito Medical Acquisition Co., of which Mr. Conk is the […]
Capital Markets Snapshot: A lot on the table: QE3, election, etc.
LARGEST INVESTORS SEEM CONTENT TO WAIT FOR MEDICAL OPPORTUNITIES By Cain Brothers We are in a very interesting window for the healthcare real estate capital markets and the capital markets in general. The Federal Reserve recently announced its newest initiative to try and achieve its goal of reaching full employment. Given the challenges of our […]
