News & Analysis: Sanders stays in the mix
BUYS MIXED-USE MED PLAZA IN CHARLESTON, S.C. By John Mugford There is little doubt that the future of healthcare delivery will include a new breed of off-campus, outpatient facility that will be home to a wide range of services, perhaps provided by just one or a few main tenants, such as a large group practice […]
Industry Pulse: June 2012
WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]
Companies: Doc-owned system plans big growth
DALLAS-BASED FOREST PARK MEDICAL FINDS SUCCESS DESPITE HEALTH REFORM By John Mugford Even though the Patient Protection and Affordable Care Act includes a provision that was meant to halt the construction of new physician-owned hospitals, the Forest Park Medical Center system in Dallas is moving forward with a plan to more than double its number […]
Inpatient Projects: Work started on $284M Sutter hospital
SANTA ROSA, CALIF., REPLACEMENT FACILITY WILL REPLACE A 1983 STRUCTURE By John Mugford These days, when new hospitals are planned and built they are quite often replacements for aging and inefficient facilities with too many beds. Today’s hospitals are typically smaller, sleeker, packed with the latest in medical and monitoring technology, and more user-friendly amenities […]
Transactions: Sentio, Caddis, docs buy MOB in Texas
JV PAYS $11.5 MILLION FOR 114,583 SQ. FT. PHYSICIANS CENTRE IN BRYANT, TEXAS By John Mugford A joint venture partnership of Orlando, Fla.-based Sentio Healthcare Properties Inc., Dallas-based Caddis Partners and a group of physicians in recent weeks acquired a 114,583 square foot MOB in Bryan, Texas, about 95 miles northwest of Houston. The city […]
Special Report: Chaos in healthcare?
BOMA PANELISTS DISCUSS THE CHANGING SYSTEM By Murray W. Wolf Healthcare real estate professionals know that any time they walk into the office of a healthcare executive to pitch business, they better know as much about the system as possible: its strengths, weaknesses and needs. These days, however, real estate professionals need to take this […]
Companies: HTA: Time to be listed
REIT TO BE TRADED ON NEW YORK STOCK EXCHANGE By John Mugford As Healthcare Trust of America (HTA) Inc. has gone about preparing in recent weeks for a listing of its stock on the New York Stock Exchange (NYSE) on or about June 6, it has been touting its performance as a non-listed healthcare real […]
Companies: McCarthy finishes Santa Barbara work
$300 MILLION FOURTH PHASE IS PART OF AN OVERALL $700 MILLION REPLACEMENT By John Mugford McCarthy Building Cos. Inc. recently completed the $300 million fourth phase of construction on the $700 million Santa Barbara (Calif.) Cottage Hospital replacement project. The fourth phase, which encompasses the new inpatient hospital, was part of a six-phase replacement construction […]
Inpatient Projects: U. of Mich. plans neuroscience facility
$163 MILLION PROJECT TO REMODEL FORMER CHILDREN’S, WOMEN’S FACILITIES By John Mugford As outpatient facilities become more complex and capable of providing procedures once reserved for hospitals, many hospitals are also becoming more technologically advanced. A case in point is in Ann Arbor, Mich., where the University of Michigan Health System (UMHS) has announced plans […]
Project Case Study: Indy MOB altered to reflect strategy
JOHNSON DEVELOPMENT CHANGED COURSE OF $30 MILLION FACILITY TO ADD ASC By John Mugford The Indianapolis office of Birmingham, Ala.-based Johnson Development recently completed a surgery center that is part of a previously completed $30 million, 120,000 square foot medical office building (MOB) on the campus of Indiana University Health Saxony Hospital in Fishers, in […]
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 […]
Inpatient Projects: Oakland hospital plans $425M project
CHILDREN’S NEW REBUILD AND RETROFIT PLAN IS STILL IN CONCEPTUAL STAGE By Brittany Ritchie Since 2008, Children’s Hospital & Research Center Oakland has proposed two distinctly different construction plans to meet the state’s seismic safety guidelines for healthcare facilities. The first was quite extensive and called for a $700 million rebuilding of the hospital […]
Transactions: Duke Realty buys five MOBs near Cincy
REIT ACQUIRES PORTFOLIO WITH MORE THAN 109,000 S.F. – PLUS ROOM FOR MORE By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) is on an aggressive path toward bolstering its medical real estate portfolio, both through acquisitions and development. The company added to its more than 4 million square feet of medical real estate holdings […]
Provider Perspective: Off-campus plans grow
OUTPATIENT STRATEGIES ARE A PROVIDER PRIORITY By Murray W. Wolf According to some estimates, 70 percent of healthcare today is still delivered in an inpatient setting. But, some predict that during the next several years, the pendulum will swing to 70 percent of the care being delivered in outpatient locations – and many of those […]
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 […]
