ARC buys $63M Wisconsin portfolio
NEW YORK-BASED UNLISTED REIT BUYS BUILDINGS OCCUPIED BY AURORA MEDICAL By John Mugford ARC Healthcare Trust, an unlisted real estate investment trust (REIT) based in New York, is making its case for being one of the most aggressive buyers of medical real estate. In July, the REIT added to its string of recent acquisitions by […]
Market Focus: Twin Cities: the future of healthcare?
‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]
Outpatient Projects: Landmark developing New York MOB
DEVELOPER WILL OWN 100,000 S.F. FACILITY ALONG WITH DOCS WHO TAKE PART By John Mugford In a classic third-party development arrangement, Milwaukee-based Landmark Healthcare Facilities LLC is moving forward with plans to build, own and manage a medical office building (MOB) on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y. […]
Industry Pulse: July 2012
NEW YORK – In case you missed it, hyper-excitable and in-need-of-caffeine-free coffee host Jim Cramer of “Mad Money” recently had Debra Cafaro, the CEO of Ventas Inc. (NYSE: VTR), on his fast-paced CNBC show. Mr. Cramer almost seemed apologetic about never introducing Ventas to his audience in the past. The show aired just before the […]
Inpatient Projects: Banner continues to expand in Arizona
$151 MILLION EXPANSION AT BANNER ESTRELLA IS ONE OF SEVERAL PROJECTS By John Mugford Banner Health sure looks to be gearing up for plenty of growth in Greater Phoenix. The not-for-profit health system, the second largest private employer in Arizona, recently announced that it plans to spend $151 million on a new 144-bed patient tower […]
Outpatient Projects: Surgical campus to grow with MOB
DALLAS-BASED SRP MEDICAL BREAKS GROUND ON 80,000 SQUARE FOOT FACILITY By John Mugford It looks as if the Methodist Hospital for Surgery is doing quite well in the north Dallas suburb of Addison, Texas. On a site just off the Dallas North Tollway, the 108,000 square foot, 32-bed specialty surgical hospital has been open since […]
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 […]