News & Analysis

Cover Story: ‘This is what change looks like'

Cover Story: ‘This is what change looks like’

Like it or not, healthcare real estate changed dramatically in the past 10 years. Here are our picks for the top 10 stories. By Murray W. Wolf As part of our look back at our first 10 years of publishing Healthcare Real Estate Insights™, we knew we wanted to include an article naming the top […]

Cover Story: Healthcare Real Estate Timeline 2003-12

2003 January: Healthcare Real Estate Insights™ is launched, asserting that “the MOB boom is no fad.” March: Catholic Healthcare West reveals plans to sell 27 MOBs for about $150 million

LaSalle Investment Management recently acquired the 130,000 square foot Main Line Health Center at Newton Square in suburban Philadelphia for $50.5 million.
Photo courtesy CBRE

News & Analysis: MOB’s PSF breaks record

IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT By John Mugford In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession. Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it […]

At 153,820 square feet, Water Tower Medical Commons in Milwaukee is the largest of the 14 assets sold to Duke Realty by Seavest Healthcare Properties.
Photo courtesy of Seavest Healthcare Properties

News & Analysis: Big buys for Duke Realty

FIRM INVESTS $434 MILLION IN TWO MOB PORTFOLIOS By John Mugford Heading into the fourth quarter (Q4), brokers involved in medical office sales predicted that transaction activity would likely be brisk in the months leading up to the end of 2012. That’s because, they said, a number of owners considering selling properties at some point […]

News & Analysis: Prez election a big one

BUT WILL RESULT AFFECT HEALTHCARE R.E. SECTOR? By John Mugford  Does the outcome of the presidential election matter for healthcare real estate? “No, at least in terms of changing current healthcare trends.” For the most part and for the near-term, that’s the answer, at least according to more than a dozen politics-watching healthcare real estate […]

HCP Inc. recently closed on the $12.5 million purchase of this 97,549 square
foot medical office building (MOB) in Mesa, Ariz., as part of a planned 12-building, $179 million MOB portfolio acquisition from The Boyer Co.
Photo courtesy of The Boyer Co.

News & Analysis: HCP making $179M buy

REIT ACQUIRING 12 PROPERTIES FROM THE BOYER CO. By John Mugford For a while, Long Beach, Calif.-based HCP Inc. (NYSE: HCP) was not making many headlines when it came to acquiring medical office buildings (MOBs). The publicly traded real estate investment trust (REIT) has quite a diverse, $19 billion portfolio that spans 46 states and […]

Griffin-American Healthcare REIT paid $22.09 million, or $259 PSF, for this two-story, multi-tenant facility in Rockwall, Texas, a Dallas suburb. The building has about 85,000 square feet of space.
Photo courtesy of Griffin-American Healthcare REIT

News & Analysis: Busy times at G-A REIT

COMPANY HAS BOUGHT 14 BUILDINGS SINCE MAY By John Mugford It’s pretty obvious that Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has been finding plenty of what it’s been looking for in the healthcare real estate market so far in 2012. In fact, as of recent weeks, the real estate investment trust’s (REIT’s) year-to-date […]

The Sanders Trust recently acquired this 60,000 square foot MOB on James Island in South Carolina, located just a few minutes from downtown Charleston.
Photo courtesy of The Sanders Trust

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 […]

Kaiser Permanente acquired this 200,000 square foot traditional office building in Gaithersburg, Md., in 2009 for a reported $42.8 million, converted it into medical offices and reopened it last month as a “specialty hub.”
Photo courtesy of Kaiser Permanente

Special Report: Adaptive reuse on a roll

PROVIDERS HAVE REPURPOSED MILLIONS OF SQ. FT. By Murray W. Wolf There has been a lot of talk in recent years about repurposing other types of real estate for medical use. With millions of square feet of office and retail space sitting vacant across the nation, much of it in high-traffic locations, the idea of […]

The six-story, 150,801 square foot Scripps Clinic Rancho Bernardo building was one of two medical-related facilities recently acquired in the San Diego area by LaSalle Investment Management for a total of $147.5 million.
Photo courtesy of Scripps Health

News & Analysis: LaSalle makes a big buy

FIRM TAKES SAN DIEGO MEDICAL ASSETS FOR $147.5M By John Mugford Chicago-based LaSalle Investment Management recently closed on the acquisition of a total of 253,637 square feet of medical office space in two buildings in San Diego. The firm paid a total of $147.5 million, or almost $576 per square foot (PSF), for the assets. […]

Porter Medical Plaza is one of five MOBs recently acquired in the Denver area by a joint venture of Seavest Inc. and Fleisher Smyth Brokaw.
Photo courtesy of Centura Health

News & Analysis: Centura MOB sale closes

SEAVEST, DENVER FIRM MAKE $41.25 MILLION BUY By John Mugford For a number of years, healthcare real estate professionals often used the term “classic monetization” to describe a transaction in which a hospital or health system sold a portfolio of medical office buildings (MOBs) in order to reinvest the proceeds back into its mission of […]

News & Analysis: Ventas now king of MOBs

REIT BUYS COGDELL SPENCER AND ITS 72 BUILDINGS By John Mugford For many firms involved in the medical office building (MOB) sector, building a portfolio of significant scale requires years of developing and acquiring facilities. Chicago-based Ventas Inc. (NYSE: VTR), however, has taken a different and certainly quicker route to becoming the largest owner of […]

The National Investment Center for the Seniors Housing & Care Industry (NIC) Conference in September was the largest in the event’s 21-year history, attracting some 1,800 attendees to the Marriott Warman Park in Washington.
Photo courtesy of NIC

Senior Living: Senior moment? Sector is heating up

INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]

Bethesda Health City in Boynton Beach, Fla., was recently acquired by a joint venture of Flagler Investment and Investcorp Real Estate.
Photo courtesy of Flagler Investment LLC

News & Analysis: Flagler, Investcorp do JV

JOINT VENTURE BUYS ONE OF FIRST MEDICAL MALLS By John Mugford When it was built back in 1996, Bethesda Health City in Boynton Beach, Fla., was one of the first medical mall developments in the country. The concept for this “one-stop” healthcare facility, like those that have followed, is to provide patients with a convenient […]

One Hundred Oaks Mall in Nashville, Tenn., houses a large multi-specialty satellite location for Vanderbilt Health that has frequently been cited as an example of successful retail-based healthcare real estate.
Photo by Bob Schatz, courtesy of Gresham Smith & Partners

News & Analysis: $100M for Hundred Oaks?

PIONEERING MEDICAL-RETAIL HYBRID UP FOR SALE By John Mugford For sale: the roughly 880,000 square foot One Hundreds Oaks Mall in Nashville, Tenn. Estimated asking price: $100 million-plus. Why is this news important to healthcare real estate professionals and investors? About half of the facility is occupied by Vanderbilt Health. Back in 2007, just as […]