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 […]
Inpatient Projects:Cincy hospital plans $265M project
ORTHO FACILITY WILL BE CENTERPIECE OF PROJECT BY THE CHRIST HOSPITAL By John Mugford The Christ Hospital in Cincinnati plans to begin construction this coming summer on a $265 million expansion and improvement at its main campus in the historic district of Mt. Auburn, just north of downtown. According to hospital officials as well as […]
Outpatient Projects: MOB going up near new Texas hospital
PMB IS INVOLVED IN OUTPATIENT, INPATIENT DEVELOPMENTS ON LAKEWAY CAMPUS By John Mugford Mid-year in 2011, with the anticipated opening of a new hospital in fast-growing Lakeway, Texas, approaching, San Diego-based Pacific Medical Buildings (PMB) found itself having to make significant changes to its plans for a medical office building (MOB) on the campus. By […]
Outpatient Projects: Nautilus set to open new UCLA MOB
AUTOMATED PARKING SYSTEM LETS DEVELOPER REDUCE BUILDING SIZE, COSTS By John Mugford Work is wrapping up on a new 50,000 square foot MOB in Santa Monica where visitors will have their cars parked and retrieved by a fully automated system. The developer of the 16th Street Outpatient Surgery and Medical Building is Berkeley, Calif.-based Nautilus […]
Transactions: Griffin-American REIT snaps up MOBs
DURING THE FIRST QUARTER OF 2012, THE UNLISTED REIT HAS BEEN ON A TEAR By John Mugford We realize that when it comes to our coverage of healthcare real estate transactions, we’ve been giving plenty of press to Griffin-American Healthcare REIT II, the unlisted healthcare real estate investment trust (REIT) based in Newport Beach, Calif. […]
Special Report: Whither monetizations?
HOSPITALS REPORTEDLY CONSIDERING SELLING MOBs By John Mugford Little did professionals involved in healthcare real estate know that when the Greenville Hospital System in South Carolina sold 16 medical office buildings (MOBs) to an investor back in 2009, the type of sale that took place – often referred to as a health system “monetization” – […]
Industry Pulse: February 2012
MALVERN, Pa. – With concern and awareness for concussions on the rise, more of the injuries are being diagnosed than ever before. In fact, the Centers for Disease Control (CDC) in October issued a report indicating that the number of concussions and traumatic brain injuries (TBI) among athletes under the age of 19 increased by […]
Companies: CHS to buy assets of York, Pa., system
CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the ball rolling in the […]
Inpatient Projects: Florida OKs new $125 million hospital
SHANDS JACKSONVILLE PLANS $125 MILLION HOSPITAL AND MOB NORTH OF CITY By John Mugford More than four years after it first announced plans to build a new hospital in a growing area north of Jacksonville, Fla., the Shands Jacksonville health system recently received the go ahead from the state to proceed with the project. For […]
Outpatient Projects: Large MOB set near Orlando Regional
CARLYLE INVESTMENTS PLANS TO DEVELOP MORE THAN 80,000 SQUARE FEET By John Mugford A local developer has plans for a seven-story MOB near the 808-bed Orlando Regional Medical Center just south of downtown. In order to proceed with the project, Tampa-based Carlyle Investments Inc. plans to demolish three vacant 1950s office buildings on a 2.1-acre […]
Outpatient Projects: Caddis, MedProperties team on MOB
DECEMBER COMPLETION SET FOR FLOWER MOUND HEALTH PLAZA, NEAR DALLAS By John Mugford Caddis Partners LLC and MedProperties Holdings LLC, two Dallas-based firms, are preparing to start construction in late January on a single-story medical facility in Flower Mound, Texas, north of Dallas. Construction financing closed in mid-December. The facility, to be called Flower Mound […]
Outpatient Projects: Alabama MOB near hospital and retail
PROJECT SLATED FOR SITE NEAR TARGET-ANCHORED MALL OUTSIDE HUNTSVILLE By John Mugford The trend of developing healthcare facilities in retail locations is alive and well in Madison, Ala., located outside of Huntsville, in the northern part of the state. Within a future retail development known as Madison Corners, Huntsville-based Triad Properties Corp. recently purchased 3.46 […]
Outpatient Projects: PMB adding Bay Area MOB for Sutter
$27.5 MILLION, 80,000 SQUARE FOOT FACILITY IS A JOINT VENTURE WITH VENTAS By John Mugford San Diego-based Pacific Medical Buildings (PMB) recently started construction on a $27.5 million, 80,000 square foot MOB on the campus of an under-construction hospital campus in Castro Valley, in the Bay Area of California south of Oakland. The MOB is […]
Transactions: Duke Realty buys Chicago-area MOB
PRICE WAS $47.8M; REIT ALSO ACQUIRES CHRISTUS, COMMUNITY HEALTH FACILITIES By John Mugford Indianapolis-based Duke Realty Corp. has a goal of continuing to add to its medical office building (MOB) holdings. Well, the publicly traded real estate investment trust (REIT) did so with several significant purchases in recent weeks, the largest being a 104,912 square […]
Provider Perspective: Changes and challenges
HEALTH EXECS DISCUSS REAL ESTATE RESPONSES By John Mugford Ever since the first hospital was built in what would become the United States back in the 1750s, physicians and healthcare administrators have had to adapt and change with the times. Healthcare has always been, and always will be, an industry on the move. However, the […]