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 […]
Transactions: Griffin-American REIT snaps up MOBs
DURING THE FIRST QUARTER OF 2012, THE UNLISTED REIT HAS BEEN ON A TEAR By John Mugford We realize that when it comes to our coverage of healthcare real estate transactions, we’ve been giving plenty of press to Griffin-American Healthcare REIT II, the unlisted healthcare real estate investment trust (REIT) based in Newport Beach, Calif. […]
Companies: CHS to buy assets of York, Pa., system
CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the ball rolling in the […]
Transactions: UHT buys Washington MOB for $31.1M
PUBLICLY TRADED REIT BUYS 99,000 SQUARE FOOT FACILITY FROM HEALTH SYSTEM By John Mugford Universal Health Realty Trust (NYSE: UHT) has been quite active in recent months – both buying and selling medical office building (MOB) assets. In late January, the King of Prussia, Pa.-based publicly traded real estate investment trust (REIT) was on the […]
News & Analysis: Centura MOB sale closes
SEAVEST, DENVER FIRM MAKE $41.25 MILLION BUY By John Mugford For a number of years, healthcare real estate professionals often used the term “classic monetization” to describe a transaction in which a hospital or health system sold a portfolio of medical office buildings (MOBs) in order to reinvest the proceeds back into its mission of […]
Editor’s Letter: Hungry for good news?
HOLIDAY TREATS PORTEND A SUCCESSFUL 2012 By John B. Mugford Dear Reader: Like almost everyone reading this publication, we tend to keep both eyes focused on healthcare real estate and our peripheral vision glancing on the leading U.S. economic indicators. After all, even though healthcare real estate is often dubbed “recession-resistant,” the economy certainly has […]
Companies: New firm H2C up and running, growing
THE BOUTIQUE ADVISORY IS ADDING PEOPLE, OFFICES AND NEW SERVICE AREAS By John Mugford Two months ago, Healthcare Real Estate Insights™ reported that several former healthcare investment banking executives had left Morgan Keegan & Co. Inc. to form a new advisory firm. Since then, that new company, New York-based Hammond Hanlon Camp LLC, also known […]
Companies: Plenty going on at Grubb & Ellis REIT
AMID CHANGING SPONSORS, FIRM ALSO REBUFFED A RECENT ACQUISITION OFFER By John Mugford It was an offer that surprised and was not taken seriously by officials with Grubb & Ellis Healthcare REIT II, soon to be known as Griffin-American Healthcare Trust Inc., a non-listed healthcare real estate investment trust (REIT). In early December, the board […]
Companies: MedProperties closes $50 million fund
REAL ESTATE PRIVATE EQUITY FIRM EXPECTS TO ADD THREE MORE ASSETS SOON By John Mugford Dallas-based MedProperties Holdings LLC recently closed its first healthcare real estate fund, an investment vehicle of about $50 million that currently includes six healthcare real estate assets. According to officials with Med Properties, the equity firm expects to add three […]
Special Report: 2012 prediction: déjà vu
HREI™ BOARD EXPECTS COMING YEAR TO BE SIMILAR By John Mugford Anyone hoping to get a preview of what the healthcare real estate sector will look like in 2012 can, for the most part, take a look back at 2011. That’s because some of the industry’s most experienced professionals believe that, barring any unforeseen circumstances, […]
News & Analysis: Ventas now king of MOBs
REIT BUYS COGDELL SPENCER AND ITS 72 BUILDINGS By John Mugford For many firms involved in the medical office building (MOB) sector, building a portfolio of significant scale requires years of developing and acquiring facilities. Chicago-based Ventas Inc. (NYSE: VTR), however, has taken a different and certainly quicker route to becoming the largest owner of […]
Product Focus: Q3 MOB sales totaled about $564M
AVERAGE SALE PRICE TOPPED $200 PSF FOR THE FIRST TIME IN THREE QUARTERS By John Mugford In a rather mundane but steady quarter for medical office building (MOB) sales, at least one somewhat important milestone was reached, or re-reached. While statistics from New York-based Real Capital Analytics (RCA) Inc. show that MOB sales in the […]