Transactions: ARC Healthcare gets MOB in Michigan
UNLISTED REIT PAYS $30.43 MILLION FOR OFF-CAMPUS PROPERTY IN PAW PAW By John Mugford In today’s medical office building (MOB) transaction arena, aggressive pricing is the norm when it comes to the sales of high-quality facilities with strong lease terms and tenants with good, perhaps hospital, credit. In fact, professionals involved in healthcare real estate […]
Product Focus: Q3 again strong for sales
$1.24 BILLION IN MOB DEALS IS TOPS Q3 2011 BY 75% By John Mugford With all of the investor money chasing medical office buildings (MOBs) these days, the volume of sales taking place in any given quarter is largely dependent on one factor: how much desirable product sellers are willing to put on the market. […]
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 […]
Q & A: Cushman & Wakefield foresees growth
LONGTIME CONSULTANT MASON HIRED TO HELP EXPAND FIRM’S HEALTHCARE UNIT By John Mugford New York-based Cushman & Wakefield and its thousands upon thousands of brokers throughout the country – and the world for that matter – have certainly been involved in the healthcare real estate sector over the years. However, when the nearly 100-year-old real […]
Companies: Hammes starts 3rd CAH for Va. system
FIRM IS PROJECT MANAGER FOR CRITICAL ACCESS HOSPITALS IN VIRGINIA, W. VA. Staff Report In today’s complicated healthcare landscape, much focus is being paid to the numerous consolidations taking place and the formation of regional and super-regional health systems. Where does this leave the smaller hospitals and health systems serving patients in rural areas, especially […]
Companies: Firm looking to invest up to $1 billion
WITH BERKSHIRE AS ITS NEW PARTNER, MONTECITO IS BACK IN THE BUYING MODE By John Mugford Chip Conk likes to call the years leading up to the recession as the “go-go” years for making acquisitions in the healthcare real estate sector. And Santa Barbara, Calif.-based Montecito Medical Acquisition Co., of which Mr. Conk is the […]
Outpatient Projects: Ryan adding MOB in Milwaukee suburb
MINNEAPOLIS-BASED DEVELOPER BUILDING $14 MILLION FACILITY FOR FROEDTERT By John Mugford It looks as if Minneapolis-based Ryan Cos. US Inc. is building more space for Milwaukee-based Froedtert Health Inc. in the growing Milwaukee suburb of Menomonee Falls.
Outpatient Projects: VA plans $150M N.C. outpatient clinic
DEVELOPER WILL OWN THE 350,000 S.F. FACILITY AND LEASE IT BACK TO THE VA By John Mugford The U.S. Department of Veterans Affairs (VA) has its site locked and loaded and is moving forward with soliciting contractors to build its future $150 million, 350,000 square foot outpatient center in Kernersville, N.C., about 11 miles outside […]
Transactions: Griffin-American pays $51M for MOBs
BUILDINGS LOCATED IN KNOXVILLE, ON CAMPUS OF FUTURE PROTON FACILITY By John Mugford Prolific healthcare real estate investor Griffin-American Healthcare REIT II Inc., an unlisted real estate investment trust (REIT), recently acquired two medical office buildings (MOBs) on the campus of a future proton beam therapy facility in Knoxville, Tenn. The Newport Beach, Calif.-based REIT, […]
Company Profile: HSA primed for growth
DEVELOPER COVERS SPECTRUM OF DEAL SIZES By John Mugford Back in the mid-1990s, a small division of a real estate investment trust (REIT) in Chicago was just starting to delve into healthcare real estate, providing advisory, leasing and sales brokerage services, among others, to a number of area health systems. Thanks to one of those […]
Industry Pulse: September 2012
NATIONWIDE – As the country awaits one of the most intriguing and perhaps important election seasons in recent memory – an importance driven, in large part, by healthcare – the healthcare industry continues to operate under a cloud of uncertainty. As a result, some entities and people involved in the business, including hospitals and health […]
Publisher’s Letter: Our rites of passage
HEALTHCARE REAL ESTATE IS NOW IN TRANSITION By Murray W. Wolf Dear Reader: Any parent who has sent a child off to college can probably empathize with the conflicting emotions you feel when you drive away and leave your son or daughter on campus. After you say your good-byes, successfully hold back tears (or […]
Companies: Savills advises on $1.3B of MOB sales
INVESTMENT BANK CLOSED ON FIVE MAJOR TRANSACTIONS IN PAST EIGHT MONTHS By John Mugford Savills Healthcare Real Estate Group in New York – a unit of Savills LLC – has had quite a run of marketing and brokering MOB portfolios during the past eight months or so. During that time, the medical real estate financing […]
Companies: Foulger-Pratt gains big capital partner
WITH A RECAPITALIZATION, NEW VENTURE LOOKS TO INVEST IN THE $200M RANGE By John Mugford You could call them business marriages made in joint-venture heaven. Many regional healthcare real estate developers and medical office building (MOB) owners are looking for an influx of capital so that they can grow their businesses at a time when […]
Inpatient Projects: New VA med center finally under way
$1 BILLION REPLACEMENT FACILITY SLATED TO OPEN IN NEW ORLEANS IN 2014 By John Mugford Hurricane Katrina and the flooding it caused destroyed much of New Orleans back in 2005. Included in the destruction were a number of hospitals, such as the U.S. Department of Veterans Affairs (VA) hospital. Since then, the 70,000 registered veterans […]
