Industry Pulse: Healthcare Sector Leads Jobs Growth
A new report reminds us why HRE is a good business. In its recent “Healthcare Metro Monitor Supplement,” the Brookings Institution reports that the U.S. healthcare industry added 2.6 million jobs during the past decade. That was an increase of 22.7 percent, far exceeding the 2.1 percent growth rate in all other industries.
Industry Pulse: VA hospitals plagued by delays, cost overruns
The U.S. Department of Veterans Affairs (VA) is providing plenty of construction jobs and perhaps boosting local economies while building a number of new hospitals around the country. Four of the most visible projects, which have projected price tags in the hundreds of millions of dollars each, are in
Industry Pulse: Systems are moving on and need capital
Providers are powering past the indecision of Obamacare. At least that was the assessment of the executive team of Healthcare Realty Trust Inc. (NYSE: HR) on May 2, during the firm’s first quarter (Q1) earnings conference call.
Industry Pulse: Forecast uncertain for Sandy-battered hospital
The last hospital to remain closed as a result of the devastation caused by Hurricane Sandy in October 2012 remains, well, unopened. And according to the latest reports, it might never open as a hospital again.
Industry Pulse: Record MOB prices not here to stay
Recent interest rate changes give pause to some investors. Despite record-high medical office building (MOB) prices, recent interest rate fluctuations show that those prices won’t be around forever. That’s according to most recent Medical Office Investor Update report from CBRE.
Industry Pulse: On the Record
Does Health Care REIT plan to sell more medical office buildings? “We can always be proactively looking to prune our portfolio, but… I think the vast majority of the significant disposition listing has been completed.” Scott A. Estes CFO & EVP Health Care REIT Will MPT make additional MOB acquisitions this year? “Our active acquisitions […]
Industry Pulse: Development is on the Rise, Report Says
Medical office construction could rise 32 percent in 2013. That’s according to most recent Medical Office Research Report from Marcus & Millichap. The first half 2013 report from the commercial real estate firm estimates that 10.3 million square feet of medical office space will be delivered this year, up from 7.8 million square feet in […]
Industry Pulse: What does it take to succeed in today’s HRE environment?
What you want in healthcare, even as a provider, there are lots of independents out there. You’ve got to hire the very smartest people in this changing world, who can figure out how to make things work. But I think you’ve got to be smart, you’ve got to be […]
Industry Pulse: Hospital Moving Forward after Decade in Limbo
Trinity Medical Center showed its gratitude when it got the OK to complete and open an unfinished hospital in Birmingham, Ala. Photo courtesy of Trinity Medical Center It has been 10 years since work stopped on HealthSouth Corp.’s planned Digital Hospital. And it has more than four years since Trinity […]
Industry Pulse: CHI slashes facility spending
If it seems like many hospitals and health systems are spending less on facilities, it’s because they are. In a new article in HealthLeaders magazine, Nick Barto, senior VP for capital finance for Catholic Health Initiatives (CHI), states that the budget for routine replacement and facility repositioning and expansion accounts for 39 percent of the […]
Industry Pulse: Changing healthcare industry the focus of 2013 BOMA MOB conference
Fewer hospitals, telemedicine, big data, repurposing, urgent care and FEDs have been among the hot topics during the second day of the conference As the BOMA Medical Office Buildings (MOBs) and Healthcare Facilities Conference moves through its second day, some familar themes are beginning to emerge.During the morning General Session, “Culturing New Approaches: Innovations in […]
Industry Pulse: The BOMA MOB conference gets rolling
The 2013 BOMA Medical Office Buidings and Healthcare Facilities Conference is officially under way Registration opened at 1 p.m. today. Naturally, being a proud healthcare real estate (HRE) geek (and with Healthcare Real Estate Insights as a sponsor), I was among the first in line. And there was indeed a line. HRE professionals are passionate […]
Transactions: CNL said to be close to acquiring $54M portfolio in return to HRE market
ORLANDO, Fla. – Add another new – yet very familiar – name to the list of investors actively seeking MOBs. After selling several of its real estate investment trusts (REITs) during 2006-07, including one that owned healthcare facilities, Orlando-based CNL Financial Group launched a non-traded REIT in 2011 with a focus on acquiring senior housing […]
Industry Pulse: $500 million for Mayo? Not so fast, state says
There has been a surprising turn of events recently in Minnesota, the home of HREI™. But this story isn’t just a local one, as the subject is the world-renowned Mayo Clinic, an international destination healthcare provider in the same stratosphere as the likes of the Cleveland Clinic, MD Anderson Cancer Center in Houston and Johns […]
Industry Pulse: Now that’s what we call an appetizing retail strategy
We’ve heard plenty about healthcare in retail locations, and a little about retail in healthcare. We’ve also heard a lot about the need to place more emphasis on wellness and being accountable for patients throughout the entire continuum of care. So it was probably only a matter of time until a news item like this […]
