Feature Story: 2014 healthcare real estate sales volume surpassed $11.3 billion
Medical office made up almost $9.3 billion of the total, Revista says By Murray W. Wolf U.S. medical real estate sales totaled more than $11.3 billion in 2014, according to the healthcare real estate (HRE) data service Revista. Medical office building (MOB) sales accounted for 63 percent of the total dollar volume of transactions, followed […]
Feature Story: Partnering up for sustainability
Teaming up is old news in Arizona, where providers have collaborated for years By John B. Mugford For decades upon decades, since the U.S. healthcare system was in its infancy, there was a single road map for growing the delivery care model and serving as many people as possible.
Feature Story: PPACA + 5 = ?
What tactics are providers using now, five years after the PPACA was passed? By Murray W. Wolf March 23 marked the 5-year anniversary of the signing into law of the Patient Protection and Affordable Care Act (PPACA). After a half-decade, it is clear that healthcare reform has influenced providers’ real estate strategies in many ways. […]
Feature Story: Plenty more predictions for 2015
Another dose of observations and prognostications from the HREI™ editorial board By John B. Mugford The recently-published 2015 HREI™ Resource Guide™ included several articles on what might be ahead for the healthcare real estate (HRE) sector, including a story focusing on a discussion with the Healthcare Real Estate Insights™ Editorial Advisory Board last fall. That […]
Feature Story: Six significant subjects
A half-dozen of the most talked about topics from HRE conferences By John B. Mugford With the recent proliferation of healthcare real estate (HRE) conferences, professionals in the sector find themselves gathering quite a number of times in cities near and far to listen to panelists, often composed of some of the best-known executives in […]
Economics: An eye on the economy
Real estate is notoriously cyclical, but this time might be different. Really. By Murray W. Wolf The past two years were good ones for commercial real estate (CRE) in general and healthcare real estate (HRE) in particular, even as the broader U.S. economy struggled to recover from the Great Recession. Now, paradoxically, as the economy […]
Feature Story: Southern accent dominates awards
Six HREI Insights AwardsTM top projects were in the South; Berman, Rendina also won There was a distinctly Southern flavor to this year’s HREI™ Insights Awards™. Six of the seven award-winning projects, plus the Lifetime Achievement Award, all went to projects and people from the southern United States.
Winner: HRE Executive of the Year
Mindy Berman is 2014’s top exec Starting from scratch in 2010, she’s helped build JLL’s healthcare R.E. group E ven though Jones Lang LaSalle (NYSE: JLL) has long been a commercial real estate powerhouse throughout the Americas and the rest of the world, up until recent years ago the sporadic services it provided in healthcare […]
Winner: Best New MOB (Less than 25,000 S.F.)
Duke MOB is in ‘enemy territory’ Developer Davis Moore leads Duke Medicine project near UNC Tarheels campus Facility name: Duke Medicine at Meadowmont Address, City, State: 801 West Barbee Chapel Rd. Chapel Hill, N.C. Client (tenant): Duke Medicine Product type: MOB Number of stories: 2 Square footage: 15,000 Site acreage: 2.06 Parking 60 surface spaces […]
Winner: Best New MOB (100,000 S.F. or more)
Clinic improves patient experience Duke Realty-developed VA facility to be used as a model for other clinics Facility name: James A. Haley Veterans› Hospital Primary Care Annex Address, City, State: 13515 Lake Terrace Lane, Tampa, Fla. Client: U.S. Department of Veterans Affairs Product type: Medical office building Number of stories: 2 Square footage: 106,000 Site acreage: 19.65 Parking: 797 surface parking spaces Constr. […]
Winner: Best Renovated/Repurposed
Renovated facility keeps rents low Glenwood developed Croasdaile Commons for Duke Medicine Facility name: Croasdaile Commons Address, City, State: 1821 Hillandale Road, Durham, N.C. Client: Duke Medicine Product type: medical office building Number of stories: 1 Square footage: 94,300 Site acreage: 9 Parking: Approximately 470 surface parking spaces Construction start date: January 2013 Construction complete date: November 2013 Cost: About $24 million […]
Winner: Lifetime Achievement Award
Rendina lauded as industry leader Founder and CEO of namesake firm was known for developing creative solutions During his 30-plus years in the healthcare real estate industry, Bruce A. Rendina was well known for his extraordinary contributions to the sector and for coming up with creative and innovate solutions when challenges arose. So it probably […]
Winner: Best New MOB (50,000 to 99,999 S.F.)
Challenges become solutions Pacific Medical Buildings turns the table on dissatisfaction with MOB Facility name: Los Alamitos Medical Plaza Address, City, State: 3751 Katella Ave., Los Alamitos, Calif. Client: Los Alamitos Medical Center Product type: MOB and parking garage Number of stories: 3 Square footage: 70,000 Site acreage: 2 Parking: Structured, 1,077 spaces Construction start […]
Winner: Best New MOB (25,000-49,999 S.F.)
Angel Cancer Center rises up Keith Corp. helps a key client bring a much needed cancer center to underserved Facility name: Angel Cancer Center Address, City, State: 834 Depot St, Franklin, N.C. Client: Angel Medical Center Product type: MOB – Cancer Center Number of stories: 3 Square footage: 25,461 Site acreage: 1.34 Parking: 125 surface […]
Winner: Best Inpatient Facility
Baptist hospital meets growing need Duke Realty-developed rehab facility a cost-effective, collaborative solution Facility name: Baptist Memorial Rehabilitation Hospital Address, City, State: 1240 Germantown Road, Germantown, Tenn. Client: Baptist Memorial Health Care Corp. and Centerre Healthcare Corp. Product type: 49-bed rehab hospital Number of stories: 2 Square footage: 53,293 Site acreage: 6.16 Parking: 123 parking spaces Construction start date: October 2013 Constr. complete date: September […]