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 […]
Inpatient Projects: WellStar gets CON replacement in Ga.
$125 MILLION HOSPITAL SLATED FOR PAULDING COUNTY, NORTHWEST OF ATLANTA By John Mugford With its 53-year-old hospital in Dallas, Ga., deemed unable to handle the rapid growth taking place in Paulding County, Wellstar Health System recently received the answer it was looking for from the Georgia Department of Community Health. The state approved the Marietta, […]
Outpatient Projects: MOB going up at new Einstein campus
ALTER+CARE IS DEVELOPING 75,000 SQUARE FOOT FACILITY IN EAST NORRITON, PA. By John Mugford As an example of how consolidations and new alliances among health systems can provide opportunities for medical development firms, Chicago-based Alter+Care is in the midst of developing a 75,000 square foot medical office building (MOB) on a future hospital campus in […]
Transactions: Grubb REIT to buy eight more MOBs
SOON-TO-BE-RENAMED REIT AGREES TO PAY $112M FOR ABOUT 451,000 S.F. By John Mugford The fourth quarter (Q4) was supposed to bring plenty of good cheer and the closing of a number of large medical office building (MOB) transactions. Even though things remained relatively quiet on the Q4 sales front through the end of November, several […]
Special Report: 2012 prediction: déjà vu
HREI™ BOARD EXPECTS COMING YEAR TO BE SIMILAR By John Mugford Anyone hoping to get a preview of what the healthcare real estate sector will look like in 2012 can, for the most part, take a look back at 2011. That’s because some of the industry’s most experienced professionals believe that, barring any unforeseen circumstances, […]
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 […]
Inpatient Projects: Columbia, S.C., to get a new hospital
PALMETTO HEALTH BREAKS GROUND ON 76-BED FACILITY ON NORTH SIDE OF CITY By Dan Emerson A ground breaking ceremony was held in late October for a future hospital to serve the growing, hospital-bed deprived area of northwest Columbia, S.C. Palmetto Health is investing nearly $100 million into the future Palmetto Baptist Parkridge Hospital, which is […]
Outpatient Projects: Northwestern has high hopes for MOB
HOSPITAL UNVEILS PLANS FOR $334 MILLION, 25-STORY, 1 MILLION S.F. FACILITY By John Mugford For years, healthcare real estate developers have been noting that many medical office buildings (MOBs) have been getting larger, especially those with a variety of specialties, surgery facilities, diagnostic imaging centers, and host of other services. Well, there are large medical […]
Outpatient Projects: MOB planned for north Atlanta suburb
DUKE REALTY TO DEVELOP 52,000 S.F. FACILITY FOR NORTH FULTON HOSPITAL By John Mugford It looks as if a need for Class A medical office space near the 202-bed North Fulton Hospital in Roswell, Ga., will be filled by the fall of 2012. That’s when Indianapolis-based Duke Realty Corp. (NYSE: DRE), a publicly traded real […]
Outpatient Projects: Baltimore MOB grows at last minute
NEXCORE WAS ABOUT TO START WORK WHEN HOSPITAL ASKED FOR MORE SPACE By John Mugford Anyone involved in the development of medical office buildings (MOBs) understands the need to remain flexible and ready to make changes in a project’s plans, even late in the pre-development process. Denver-based NexCore Group LP, a medical real estate developer, […]
Transactions: SNH makes final acquisition from CWH
BUT THE HEALTHCARE REIT IS STILL AN ACTIVE BUYER OF MEDICAL BUILDINGS By John Mugford A big pipeline that Newtown-based Senior Housing Properties Trust (NYSE: SNH) has used to make large, off-market healthcare portfolio acquisitions in recent years is finally empty. According to the real estate investment trust (REIT), the recent closing of one last, […]
Transactions: Details emerge on Scottsdale MOBs
HEALTH SYSTEM-OFFERED PORTFOLIO INCLUDES DEVELOPMENT OPPORTUNITIES. By John Mugford Acquiring medical office building (MOB) portfolios directly from health systems can have unique perks for buyers, as the assets often include hospital tenants and their solid credit ratings. Plus, the portfolios often are composed of a large share of on-campus facilities, which many investors favor over […]
Company Profile: Small firm, big presence
GOOD REPUTATION KEEPS HEALTHAMERICA HUMMING By John Mugford When Thomas W. “Tommy” Tift III was in Los Angeles for a healthcare real estate conference and some meetings earlier this year, he took an afternoon away from business to enjoy the nice weather and squeeze in a round of golf. But the getaway quickly turned into […]
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 […]
Outpatient Projects: Duke Realty starts $11M Michigan MOB
Marquette General will occupy the entire 43,145 square foot facility in the Upper Peninsula By John Mugford Indianapolis-based Duke Realty (NYSE: DRE) recently broke ground for a 43,145 square foot, $11 million medical office building (MOB) in Escanaba, located in Michigan’s Upper Peninsula (U.P.). The future MOB will be fully occupied by Marquette General Hospital, […]