News & Analysis/Page 1: Rendina-Windrose deal (January 2007)
Rendina, HCN strike big deal SALE OF 18 MOBs TO SPUR FURTHER GROWTH FOR RENDINA By John Mugford Folks involved in healthcare real estate say their business is heavily relationship-driven – perhaps more so than many others. A fine example of this can found in a recent medical office building (MOB) portfolio transaction between Palm […]
News & Analysis: Trammell Crow (November 2006)
‘Status quo’ for Crow TRAMMELL’S SALE COULD AID HEALTHCARE UNIT By John Mugford “Mega” is certainly a good way to described CB Richard Ellis Group’s pending mega-acquisition of Dallas-based Trammell Crow Co. The estimated $2.2 billion transaction is expected to close in late 2006 or the first quarter of 2007. But when it […]
News & Analysis: MOBs (October 2006)
Can cap rates keep falling? YES, AT LEAST FOR Q2; AVERAGE MOB PSF RISES TO $221 By John Mugford Just when many folks involved in medical office building (MOB) sales figured cap rates were finally starting to level off, recent statistics show they continued on their steady decline into the second quarter of […]
News & Analysis: (August 2006)
M&O nabs Novant portfolio MEADOWS & OHLY ACQUIRES EIGHT MOBs FOR $121.7 MILLION By John Mugford As expected, interest was extremely keen for a portfolio of five Class A medical office buildings (MOBs) offered for sale in recent months by Novant Health Inc., a growing, eight-hospital system based in Winston-Salem, N.C. After receiving offers […]
News & Analysis: Foreign Investment
Foreign money not yet a factor ONLY A FEW DEALS HAVE BEEN DONE, SOURCES SAY By Jessica Griffith Despite a few recent, publicized deals involving offshore investors, foreign currency is making only a few inroads into the American medical office market. While investors both large and small remain enamored with U.S. medical office properties […]
News and Analysis (May 2006)
New player makes jump to MOBs MONTECITO, KNOWN FOR RESIDENTIAL CONDOS, ACQUIRES 14 BUILDINGS By John Mugford Jacksonville, Fla.-based Montecito Property Co. LLC has become quite a significant player in the residential condo-conversion industry, in which it buys multifamily properties and turns them into upscale condominiums. “Significant” could be considered an understatement, as the […]
News & Analysis: Cogdell Spencer (March 2006)
REIT is interested in Indy COGDELL ENTERS NEW MARKET WITH $39.9 MILLION BUY By Murray W. Wolf Cogdell Spencer Inc.’s acquisition last month of Methodist Professional Center One, an Indianapolis medical office building (MOB), was notable for several reasons: ▪ It was the first acquisition by Cogdell Spencer (NYSE: CSA) since the Charlotte, […]
News & Analysis: Page 1 (Febuary 2006)
Health has allure for Fluor HUGE FIRM OPENS NASHVILLE OFFICE WITH FORMER HCA EXECS By John Mugford New entrants seem to be jumping into the red-hot healthcare real estate market almost daily. But, when a Fortune 500 firm launches a healthcare division with four former HCA Inc. executives in a Nashville, Tenn., office – […]
Company Profile: Fluor Healthcare (Febuary 2006)
Health has allure for Fluor HUGE FIRM ENTERS THE MARKET WITH EX-HCA EXECS By John Mugford New entrants seem to be jumping into the red-hot healthcare real estate market almost daily. But, when a Fortune 500 firm launches a healthcare division with four former HCA Inc. executives in a Nashville, Tenn., office – now […]
News & Analysis: Big windfall for Windrose
REIT IS COMPLETING $241 MILLION, 22-ASSET DEAL By John Mugford Windrose Medical Properties Trust (NYSE: WRS), an Indianapolis-based, publicly traded and self-managed healthcare real estate investment trust (REIT), has a stated goal of acquiring about $100 million worth of medical office buildings (MOBs) annually. The company smashed that figure in one fell swoop last month […]
News & Analysis: New Orleans might never be the same
OTHER 2005 HURRICANES CAN’T RIVAL THE LONGTERM IMPACT OF KATRINA By John Mugford Katrina, Rita, Wilma… it looks as if 2005 will go down as yet another Year of the Hurricane. Lest we all forget that just a year ago, in 2004, four major hurricanes crashed into Florida and caused millions of dollars worth of […]
News & Analysis: Going the REIT route
MEDICAL DEVELOPERS DIFFER ON IPO STRATEGY By Murray W. Wolf The recent news that another longtime medical real estate firm – Cogdell Spencer Inc. – has transformed itself into a healthcare real estate investment trust (REIT) and gone public begs the question: Is that a good strategy? It depends who you talk with. Some veteran […]
News & Analysis: Novant to sell $100 million+ portfolio
MEANWHILE, BAPTIST DEAL IS NEARLY DONE; COULD FETCH ALMOST $60 MILLION By Murray W. Wolf Novant Health Inc. of Winston-Salem, N.C., plans to sell seven medical office buildings (MOBs) totaling more than 700,000 square feet, a portfolio that will probably fetch more than $100 million. That’s according to a principal with the investment bank that […]
News & Analysis: Katrina’s consequences
FATE STILL FOGGY FOR GULF COAST MED FACILITIES By John Mugford Hurricane Katrina struck more than a month ago. Yet, the future of many affected healthcare facilities – and the implications for the Gulf Coast medical real estate market – remain difficult to forecast. The massive hurricane’s eye made landfall near New Orleans on Aug. […]
News & Analysis: Inland Empire is attracting investment
CALIFORNIA REGION HAS NEARLY $2 BILLION IN MEDICAL PROJECTS IN THE WORKS By Brian Busek When one looks for the big action in medical real estate in California, the gaze typically runs along the coast line from the San Francisco Bay down to Los Angeles and into San Diego. Travel east from the salt spray, […]