News & Analysis: MOBs are hot properties
PRICES AND VELOCITY BOTH CONTINUE TO INCREASE By John Mugford There’s a rumbling in the tummies of many institutional investors these days, with one of their major cravings being medical office buildings (MOBs). And it doesn’t look as if these appetites will ease anytime soon. That’s the word – not in those exact terms, of […]
News & Analysis: Minnesota hospital plans still in limbo
LEGISLATURE ADJOURNS WITHOUT DECISION ON FIRST NEW BEDS IN 21 YEARS By John Mugford The good news coming out of Minnesota in mid-July was that the state Legislature mercifully concluded a bitter stalemate and reached agreement on a $30 billion budget. As a result, lawmakers ended a weeklong state government shutdown and adjourned for the […]
News & Analysis: HCN expects asset sales
REIT’S THREE-YEAR BUYING BINGE COULD BE OVER By Jessica Griffith Health Care REIT Inc. added 25 skilled nursing facilities and five specialty care centers to its investment portfolio during the second quarter. But, the company does not plan to purchase a significant number of buildings during the second half of 2005. “We could end up […]
News & Analysis: Pacific closes the book on CHW deal
FIRM ACQUIRES THE LAST SIX PROPERTIES THAT WERE PART OF 2003 AGREEMENT By John Mugford Pacific Medical Buildings (PMB) has closed the book on its 2003 deal to acquire more than 1 million square feet of medical office space from Catholic Healthcare West (CHW) with the acquisition of six more buildings. The San Diego-based medical […]
News & Analysis: HCP to sell more MOBs
38 ASSETS ARE ON THE MARKET, SOURCES SAY By John Mugford There is talk among healthcare real estate insiders that the days of seeing large medical office building (MOB) portfolios put on the sale block are becoming fewer and farther in between – and there is some evidence to support that contention. However, Healthcare Real […]
News & Analysis: Lillibridge buys 10 MOBs from SSM
REIT ALSO SIGNS SEPARATE DEAL TO PROVIDE SERVICES TO PROVIDER ALLIANCE By John Mugford After acquiring a seven-building medical office building (MOB) portfolio in March and a healthcare real estate development firm in April, Lillibridge was at it again in May. The private Chicago-based health-care real estate investment trust (REIT) announced last month that it […]
News & Analysis: More small MOB deals?
Q1 SAW MORE TRANSACTIONS, LESS DOLLAR VOLUME By John Mugford There seems to be a growing sense in the medical office sector that big deals are becoming harder to come by and that the market is seeing more – but smaller – transactions. While it might be too soon to call that a sustained trend, […]
News & Analysis: JV partners pay $80 million+ for MOBs
CROW UNIT AND INSTITUTIONAL PARTNER BUY BREMNER & WILEY ASSETS By Murray W. Wolf In a transaction valued at more than $80 million, a wholly-owned subsidiary of Trammell Crow Co. (NYSE: TCC) has teamed with an institutional partner to make its first acquisition: seven Indianapolis medical office buildings (MOBs) totaling 463,000 square feet. PHT Investment […]
News & Analysis: REIT acquires developer
LILLIBRIDGE ADJUSTS TO SHIFTING MARKET By John Mugford The market for third-party acquisitions of medical office buildings (MOBs), which has been red-hot during the past few years, seems to be seeing a bit of a pullback, according to some industry observers. On the other hand, some say demand for third-party development of MOBs is on […]
News & Analysis: Moratorium discussed in Wisconsin
SOME BLAME RISING HEALTH COSTS ON TOO MUCH HOSPITAL CONSTRUCTION By John Mugford Efforts to enact a moratorium on new hospital construction in Wisconsin failed in 2002. But the idea recently resurfaced with some Wisconsin politicians talking about the possibility of an 18- to 24-month statewide ban. Their stated goal was to give lawmakers time […]
News & Analysis: It’s the healthcare hub
Nashville is Med Real Estate’s Silicon Valley By John Mugford When Lauth Property Group, a longtime national developer and construction firm headquartered in Indianapolis, decided to dedicate a portion of its business to healthcare, there was no question about where the company would eventually locate an office for such pursuits.
News & Analysis: Providers pitch competing plans for Maui hospitals
MAUI, Hawaii – There’s only one full-service hospital on Maui. But, that could soon change. Three proposals are on the table to develop additional hospitals on the second largest of the Hawaiian Islands.
News & Analysis: Design OK sought for $180 million UNC cancer center
CHAPEL HILL, N.C. – Architects are seeking approval this spring for the final design of a new $180 million, seven-story cancer hospital at the University of North Carolina at Chapel Hill.
News & Analysis: HPA and Tenet tout rival plans for Charlotte area
FORT MILL, S.C. – Hospital Partners of America (HPA) Inc. and Tenet Healthcare Corp. are both proposing 64-bed hospitals for this fast-growing Charlotte suburb.
News & Analysis: Christus Spohn selects Alter for MOBs
Plans Call for $60 Million in Medical Office Space on Three Campuses By Murray W. Wolf Christus Spohn Health System turns 100 years old this year, but Chicago-based Alter+Care also has reason to celebrate. Alter+Care has been selected by the Corpus Christi, Texas-based system to be the master developer for planned medical office building (MOB) projects totaling about […]
