REIT Report: Reaffirmation of reform: Good for REITs
Healthcare real estate investment trusts likely to benefit from implementation By Murray W. Wolf Editor’s note: This “new” department, including the Healthcare Real Estate Insights™ REIT Index™, might be familiar to longtime readers. The REIT Index was a regular feature of HREI™ until it was discontinued in 2005. But with the growing importance of publicly […]
Companies & People: Lorie Damon, formerly of BOMA, joins Raymond James | Morgan Keegan as VP
ST. LOUIS – Lorie Damon, well-known for leading the organization of BOMA International’s annual Medical Office Buildings & Healthcare Facilities Conference during the past decade, recently joined the healthcare real estate (HRE) practice at Raymond James | Morgan Keegan. She is a VP in the firm’s St. Louis office and will work with Laca Wong-Hammond, […]
Companies & People: Big finish to 2012 for Griffin-American
Unlisted healthcare REIT acquired 14 properties in December, including nine MOBs By John B. Mugford Even though there is a supposed lack of healthcare real estate facilities on the market, Griffin-American Healthcare REIT II Inc. has certainly found plenty of properties to meet its needs recently. One of the most prolific buyers of healthcare […]
Post-Acute & Senior Living: At last, the long LTACH moratorium ends
After 5 years, will expiration mean a surge of activity in the post-acute space? By John B. Mugford At long last – after five years, in fact – the federal government’s moratorium on the development of new long-term care hospitals (LTACHs), as well as the expansion of existing ones, has finally come to an end. […]
THE ISLANDS ARE CALLING
We don’t normally report on healthcare real estate developments taking place in foreign countries. However, a partnership of a hospital company from India and St. Louis-based Ascension Health Alliance, the for-profit venture of not-for-profit St. Louis-based Ascension Health, continues to make progress on the construction of its interesting and eventually massive “health city” in the […]
Q & A: Seavest Healthcare as active as ever
PRESIDENT DOUG RAY DISCUSSES RECENT $332 MILLION SALE, FIRM’S STRATEGY By John Mugford Throughout the era in which the medical office building (MOB) sector has grown up and gained prominence as a significant asset class, White Plains, N.Y.-based Seavest Healthcare Properties has been involved as an investor in both the development and acquisition of such […]
Companies: Developer finishes third cancer center
OPTIMAL OUTCOMES OPENS 36,000 FACILITY IN TAMPA, FLA., FOR GROWING GROUP By John Mugford For St. Petersburg, Fla.-based Optimal Outcomes LLC, developing comprehensive cancers centers has become a strong niche among the services it offers. In fact, the healthcare development firm recently completed a new 36,000 square foot, $9.5 million cancer center in Tampa, Fla., […]
Company Profile: Archway making its way in MOB space
BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES By John Mugford Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters. However, one company making […]
Special Report: Cautious but committed
MOBs STILL IN HIGH DEMAND BY INVESTORS, LENDERS By Murray W. Wolf Medical office building (MOB) sales volume for this year seems destined for its highest level since at least 2008, as capital has continued to stampede toward what is one of the best-performing real estate asset classes. Yet, at the same time, equity investors […]
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 […]
Inpatient Projects: North Phoenix to get a new hospital
JOHN C. LINCOLN HEALTH NETWORK BUYS LAND, PLANS CAMPUS WITH 120 BEDS By Dan Emerson Sure, the recession may have hit Greater Phoenix fairly hard, slowing residential growth and limiting new commercial real estate development, including medical projects. However, there are signs that the economy is improving, and now a new ground-up hospital for the […]
Outpatient Projects: $252 million cancer center set for Va.
INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform, it is no coincidence that new, state-of-the-art cancer centers are a hot development product. Quite a number of providers are planning these plan large, comprehensive cancer […]
Industry Pulse: November 2012
SCOTTSDALE, Ariz. – Most health-care real estate (HRE) professionals probably wouldn’t be big fans of a company that sells online medical consultations. After all, more virtual doctor visits would presumably mean fewer in-person doctor visits, reducing demand for bricks and mortar medical office buildings (MOBs) and other healthcare facilities. So, when the CEO of MeMD […]
Companies: PMB, Erdman finish California clinic
124,000 S.F. MOB CONSOLIDATES PROVIDERS FOR FACEY MEDICAL IN MISSION HILLS By John Mugford As the 90-year-old, Mission Hills, Calif.-based Facey Medical Group continued to grow in recent years,
Outpatient Projects: Rendina starts cancer center in Va.
FIRM’S EXECUTIVES SAY PERSONAL EXPERIENCES MAKE THIS PROJECT SPECIAL By John Mugford A $10 million cancer center being developed by Jupiter, Fla.-based Rendina Cos. is under way on the campus of Southside Regional