Company Profile: HSA primed for growth
DEVELOPER COVERS SPECTRUM OF DEAL SIZES By John Mugford Back in the mid-1990s, a small division of a real estate investment trust (REIT) in Chicago was just starting to delve into healthcare real estate, providing advisory, leasing and sales brokerage services, among others, to a number of area health systems. Thanks to one of those […]
Companies: Savills advises on $1.3B of MOB sales
INVESTMENT BANK CLOSED ON FIVE MAJOR TRANSACTIONS IN PAST EIGHT MONTHS By John Mugford Savills Healthcare Real Estate Group in New York – a unit of Savills LLC – has had quite a run of marketing and brokering MOB portfolios during the past eight months or so. During that time, the medical real estate financing […]
Companies: Foulger-Pratt gains big capital partner
WITH A RECAPITALIZATION, NEW VENTURE LOOKS TO INVEST IN THE $200M RANGE By John Mugford You could call them business marriages made in joint-venture heaven. Many regional healthcare real estate developers and medical office building (MOB) owners are looking for an influx of capital so that they can grow their businesses at a time when […]
Transactions: REIT, new to space, buys MOBs in N.C.
HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M By John Mugford In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio […]
Industry Pulse: July 2012
NEW YORK – In case you missed it, hyper-excitable and in-need-of-caffeine-free coffee host Jim Cramer of “Mad Money” recently had Debra Cafaro, the CEO of Ventas Inc. (NYSE: VTR), on his fast-paced CNBC show. Mr. Cramer almost seemed apologetic about never introducing Ventas to his audience in the past. The show aired just before the […]
Product Focus: Topping $1 billion in Q1
MOB SALES GOT OFF TO A GOOD START IN 2012 By John Mugford Even with all of the uncertainty that had been looming over the U.S. Supreme Court’s decision upholding the constitutionality of the healthcare reform law, one thing remained certain during the first quarter (Q1) of 2012: Buyers were interested in healthcare real estate. […]
Publisher’s Letter: Healthcare beats hype
KEEP YOUR FACEBOOK, GIVE ME OUR REITs By Murray W. Wolf Dear Reader: Facebook (NYSE: FB) debuted on Wall Street on May 18 with arguably the most high-profile initial public offering (IPO) in history. It was a “once in a generation opportunity” to get in on the ground floor of what could be one of […]
Companies: Doc-owned system plans big growth
DALLAS-BASED FOREST PARK MEDICAL FINDS SUCCESS DESPITE HEALTH REFORM By John Mugford Even though the Patient Protection and Affordable Care Act includes a provision that was meant to halt the construction of new physician-owned hospitals, the Forest Park Medical Center system in Dallas is moving forward with a plan to more than double its number […]
Special Report: Chaos in healthcare?
BOMA PANELISTS DISCUSS THE CHANGING SYSTEM By Murray W. Wolf Healthcare real estate professionals know that any time they walk into the office of a healthcare executive to pitch business, they better know as much about the system as possible: its strengths, weaknesses and needs. These days, however, real estate professionals need to take this […]
Companies: HTA: Time to be listed
REIT TO BE TRADED ON NEW YORK STOCK EXCHANGE By John Mugford As Healthcare Trust of America (HTA) Inc. has gone about preparing in recent weeks for a listing of its stock on the New York Stock Exchange (NYSE) on or about June 6, it has been touting its performance as a non-listed healthcare real […]
Companies: McCarthy finishes Santa Barbara work
$300 MILLION FOURTH PHASE IS PART OF AN OVERALL $700 MILLION REPLACEMENT By John Mugford McCarthy Building Cos. Inc. recently completed the $300 million fourth phase of construction on the $700 million Santa Barbara (Calif.) Cottage Hospital replacement project. The fourth phase, which encompasses the new inpatient hospital, was part of a six-phase replacement construction […]
People: Dennis Norvet joins Skanska USA
VETERANS HEALTHCARE REAL ESTATE EXEC TO FOCUS ON BUSINESS GROWTH Staff Report Parsippany, N.J.-based Skanska USA’s building business unit recently announced that Dennis Norvet has joined the firm’s Nashville office as senior VP of business development. Mr. Norvet is working with Skanska’s operations and business development teams in Tennessee, Kentucky, Ohio and Michigan to help […]
Companies: JLL-led 410-bed hospital project done
NEW PARKVIEW REGIONAL MEDICAL CENTER HAS OPENED IN FORT WAYNE, IND. By John Mugford There were weather challenges and a labor strike to overcome, but the new Parkview Regional Medical Center in Fort Wayne, Ind., was completed a month early and was basically $11 million under budget. The 410-bed hospital project was led by a […]
Companies: Duke Realty starts work on Indy FOB
270,000 S.F. FACULTY OFFICE BUILDING WILL ALLOW WISHARD TO CONSOLIDATE By John Mugford Duke Realty (NYSE: DRE) recently started construction on a new office and research building for Wishard Health Services at its future 37-acre, $754 million Eskenazi Health campus in downtown Indianapolis. The five-story, 274,000 square foot Fifth Third Faculty Office Building (FOB) will […]
Outpatient Projects: MOB going up near new Texas hospital
PMB IS INVOLVED IN OUTPATIENT, INPATIENT DEVELOPMENTS ON LAKEWAY CAMPUS By John Mugford Mid-year in 2011, with the anticipated opening of a new hospital in fast-growing Lakeway, Texas, approaching, San Diego-based Pacific Medical Buildings (PMB) found itself having to make significant changes to its plans for a medical office building (MOB) on the campus. By […]