Industry Pulse: June 2012
WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]
Publisher’s Letter: Healthcare beats hype
KEEP YOUR FACEBOOK, GIVE ME OUR REITs By Murray W. Wolf Dear Reader: Facebook (NYSE: FB) debuted on Wall Street on May 18 with arguably the most high-profile initial public offering (IPO) in history. It was a “once in a generation opportunity” to get in on the ground floor of what could be one of […]
Inpatient Projects: Work started on $284M Sutter hospital
SANTA ROSA, CALIF., REPLACEMENT FACILITY WILL REPLACE A 1983 STRUCTURE By John Mugford These days, when new hospitals are planned and built they are quite often replacements for aging and inefficient facilities with too many beds. Today’s hospitals are typically smaller, sleeker, packed with the latest in medical and monitoring technology, and more user-friendly amenities […]
Outpatient Projects: Hammes selected for California MOB
WISCONSIN-BASED FIRM LEADING DEVELOPMENT FOR SUTTER IN SANTA ROSA By John Mugford Marketing started in recent weeks for a medical office building (MOB) that Brookfield, Wis.-based Hammes Co. has planned in Santa Rosa, Calif. The facility is slated for land on the future replacement campus of Sutter Medical Center of Santa Rosa (SMCSR), slated for […]
Special Report: Chaos in healthcare?
BOMA PANELISTS DISCUSS THE CHANGING SYSTEM By Murray W. Wolf Healthcare real estate professionals know that any time they walk into the office of a healthcare executive to pitch business, they better know as much about the system as possible: its strengths, weaknesses and needs. These days, however, real estate professionals need to take this […]
Companies: HTA: Time to be listed
REIT TO BE TRADED ON NEW YORK STOCK EXCHANGE By John Mugford As Healthcare Trust of America (HTA) Inc. has gone about preparing in recent weeks for a listing of its stock on the New York Stock Exchange (NYSE) on or about June 6, it has been touting its performance as a non-listed healthcare real […]
Companies: McCarthy finishes Santa Barbara work
$300 MILLION FOURTH PHASE IS PART OF AN OVERALL $700 MILLION REPLACEMENT By John Mugford McCarthy Building Cos. Inc. recently completed the $300 million fourth phase of construction on the $700 million Santa Barbara (Calif.) Cottage Hospital replacement project. The fourth phase, which encompasses the new inpatient hospital, was part of a six-phase replacement construction […]
Inpatient Projects: U. of Mich. plans neuroscience facility
$163 MILLION PROJECT TO REMODEL FORMER CHILDREN’S, WOMEN’S FACILITIES By John Mugford As outpatient facilities become more complex and capable of providing procedures once reserved for hospitals, many hospitals are also becoming more technologically advanced. A case in point is in Ann Arbor, Mich., where the University of Michigan Health System (UMHS) has announced plans […]
Outpatient Projects: Delivering outpatient care in a big way
ROCHESTER, N.Y., HOSPITAL BUYS AND PLANS TO UPGRADE AMBULATORY CAMPUS By John Mugford In a prime example of how health systems are shifting their focus toward delivering medical services in facilities away from the hospital setting, Rochester General Health System (RGHS) in Rochester, N.Y., recently announced plans for the creation of a large, multi-building outpatient […]
Transactions:AW, MedProperties acquire portfolio
OWNER/OPERATOR, PRIVATE EQUITY FIRM BUY SIX MOBS IN SOUTHWEST FLORIDA By John Mugford Palm Beach Gardens, Fla.-based AW Property Co. has a goal of substantially adding to its medical office building (MOB) portfolio – up to $250 million worth – in its home state of Florida in a three-year period. At the same time, Dallas-based […]
Special Report: Adaptive reuse on a roll
PROVIDERS HAVE REPURPOSED MILLIONS OF SQ. FT. By Murray W. Wolf There has been a lot of talk in recent years about repurposing other types of real estate for medical use. With millions of square feet of office and retail space sitting vacant across the nation, much of it in high-traffic locations, the idea of […]
Project Case Study: Indy MOB altered to reflect strategy
JOHNSON DEVELOPMENT CHANGED COURSE OF $30 MILLION FACILITY TO ADD ASC By John Mugford The Indianapolis office of Birmingham, Ala.-based Johnson Development recently completed a surgery center that is part of a previously completed $30 million, 120,000 square foot medical office building (MOB) on the campus of Indiana University Health Saxony Hospital in Fishers, in […]
Companies: JLL-led 410-bed hospital project done
NEW PARKVIEW REGIONAL MEDICAL CENTER HAS OPENED IN FORT WAYNE, IND. By John Mugford There were weather challenges and a labor strike to overcome, but the new Parkview Regional Medical Center in Fort Wayne, Ind., was completed a month early and was basically $11 million under budget. The 410-bed hospital project was led by a […]
Inpatient Projects: Oakland hospital plans $425M project
CHILDREN’S NEW REBUILD AND RETROFIT PLAN IS STILL IN CONCEPTUAL STAGE By Brittany Ritchie Since 2008, Children’s Hospital & Research Center Oakland has proposed two distinctly different construction plans to meet the state’s seismic safety guidelines for healthcare facilities. The first was quite extensive and called for a $700 million rebuilding of the hospital […]
Outpatient Projects: Duke Realty developing new VA clinic
FIRM IS CONSTRUCTING $38 MILLION, 106,000 SQUARE FOOT MOB IN TAMPA, FLA. By John Mugford Duke Realty Corp. (NYSE: DRE) has been selected by the U.S. Department of Veterans Affairs to develop and serve as the general contractor for a new $38 million primary care clinic at Hidden River Corporate Park in the northeastern part […]
