Industry Pulse: New entrants will disrupt healthcare
$2.8 trillion That’s the size of the U.S. healthcare system, and the potential of the “New Health Economy” will be even greater, says a new report from the consulting company PricewaterhouseCoopers LLP (pwc). That’s the good news. The not so good news – at least for some current hospitals and physicians – is
Industry Pulse: MOB demand unlikely to decrease anytime soon
Medical is attracting investors of all stripes. At the recent InterFace Healthcare Real Estate West 2014 conference in Los Angeles, an experienced panel of healthcare real estate professionals talked about how the pool of would-be medical office building (MOB) buyers continues to expand, with more and more funds, private investors, institutions and others entering the […]
On the Record: Karen Torres
“What’s your perspective on the trend toward more physicians becoming hospital employees? “Everyone is talking about independent physician practices going away. Well, my recent experience has been that all of the phone calls I’ve been receiving are from independent physicians looking for space.” Karen Torres, Director of Real Estate, Hoag Memorial Presbyterian, Newport Beach, Calif., […]
Industry Pulse: Los Angeles hospital market is ‘a mess’
L.A. has many small hospitals without distinct market niches. During a recent HRE conference in Los Angeles, the moderator of one of the panel discussions, a longtime healthcare real estate professional, made an observation about California’s larger metro markets.
Industry Pulse: Demolish That Old Acute Care Hospital? Maybe Not
Something old. Something new. And a bridge. In this era of consolidation and ambulatory strategy, some acute care hospitals are being left behind. But what do you do with the old hospital building? That question that will probably keep popping up more and more in this post-healthcare reform era – and the bigger the old […]
Industry Pulse: On the Record
What’s new in development in the Greater Phoenix market? “Arizona-based hospitals are continuing to develop sophisticated, on-campus facilities and are also focused on retrofitting and repositioning older spaces to be new, efficient, effective and cutting edge. The outpatient facilities are typically smaller, providing emergency services and ambulatory surgery and other services. The major hospital groups […]
Industry Pulse: HRE Professionals: Optimistic About ’14
78% That’s the percentage of HRE professionals who say they expect their business to grow in 2014. At the annual Healthcare Real Estate Insights™ Editorial Advisory Board meeting Denver in late 2013, board members discussed the state of the HRE sector and compared notes on what they consider to be the latest trends and strategies. […]
Industry Pulse: ‘Hot Pockets’ Inventors Show Appetite for MOBs
Investor with ties to Hot Pockets hungers for core-plus, value-add and opportunistic deals Hot Pockets are not exactly the healthiest packaged food on the market. In fact, comedian Jim Gaffigan practically built his career on a hilarious routine lampooning the fat-filled frozen sandwiches. So it is ironic – or perhaps a clever bit of vertical […]
Industry Pulse: On the Record
Will we see more investment in U.S. acute care hospitals, as we have in Europe? “We’ve been spending a lot of time with our CBRE counterparts in London, who have had a lot of success selling acute care facilities across Europe. While our team has found a great niche in the post-acute care sector in […]
Industry Pulse: Hospitals’ Post-Acute Push: Strategy or Fad?
Some healthcare real estate (HRE) firms are following hospitals into the post-acute space. Getting involved in post-acute care has become an increasingly popular strategy for many hospitals and health systems recently. This has largely been driven by the Patient Protection and Affordable Care Act (PPACA). A goal of the PPACA, aka healthcare reform, is to […]
Industry Pulse: NKGF Shares List of Sector’s Top Trends
What were last year’s top 10 trends in healthcare and HRE? Here’s one firm’s view. Commercial real estate firm Newmark Knight Grubb & Frank’s Global Healthcare Services Team recently published a list of its top 10 healthcare trends of 2013: 1. Significant M&A activity between hospitals and providers 2. “Deconstruction of the hospital” to off-campus […]
Industry Pulse: Is This a ‘Reverse Monetization’ Trend?
Some providers have recently begun buying MOB assets We’re not sure if it’s a trend, but in late 2013 a handful or more hospitals and/or health systems acquired medical office buildings (MOBs) from developers, private third-party owners or physician groups.
Industry Pulse: Mall Hopes to Bring Med Users to Ex-Saks Space
Chicago-area lifestyle retail center looks to medical tenants to boost sagging occupancy As an upscale, multi-use lifestyle center in the Chicago suburb of Highland Park tries to boost its anemic occupancy, it is hoping to convert a vacant department store space into healthcare real estate. According to recent reports and news releases, the […]
Industry Pulse: On the Record: Greg Venn
What is the near-term outlook for healthcare real estate development? “I think there will be a robust development period in the next 12 to 24 months, as there are a number of projects in the pipeline. It seems that more systems are making decisions to move forward with projects. Specifically, we’re seeing a lot of […]
Industry Pulse: ARC grabs big portfolio from LaSalle for $171m
JLL-affiliated firms have disposed of more than $366M in HRE properties since July In September, New York-based ARC Healthcare Trust, currently one of the most active buyers of healthcare real estate (HRE), landed the largest deal of the third quarter (Q3). ARC paid
