Inpatient Projects: Second tower, with 420 beds, is under construction at new St. Luke’s-Baylor campus in Houston
HOUSTON – Construction is underway on “tower 2” at CHI St. Luke’s Health-Baylor St. Luke’s Medical Center (Baylor St. Luke’s) in Houston.
Inpatient Projects: CHA Hollywood (Calif.) Presbyterian to kick off $200 million, 10-year master plan
LOS ANGELES – CHA Hollywood Presbyterian Medical Center, not far from Sunset Boulevard and a provider of health services in the local community for almost 100 years, says it is about to begin the first phase of a $200 million, 10-year master plan to expand and modernize the campus.
Inpatient Projects: Memorial Hospital in York, Pa., plans to break ground on $120 million replacement
WEST MANCHESTER TOWNSHIP, Pa. – Memorial Hospital in York, Pa., says it plans to move forward with plans for a new $120 million replacement hospital campus in nearby West Manchester Township.
Capital Markets: Third-party reports are important
Lenders rely on objective outside assessments when underwriting MOB deals By Erik Tellefson Third-party reports can play a critical role in medical office building (MOB) transactions. These are reports on the building and the site and are required and relied upon by lenders, and often by buyers. Third-party reports are performed by third parties (hence […]
Industry Pulse: Top Developer List Harder to Come By
Have you seen the new rankings? Neither have we. Most healthcare real estate (HRE) professionals probably subscribe to Modern Healthcare magazine. We do. There isn’t much real estate coverage, but the weekly magazine helps us to stay abreast of the major trends in the healthcare industry.
REIT Report: A sigh of relief for unlisted REITs
But the Dept. of Labor ruling calls for more transparency concerning costs, fees By John B. Mugford Opinions among healthcare real estate (HRE) professionals differ on whether the U.S. Department of Labor’s (DOL) final version of its new fiduciary rule concerning retirement accounts will have a positive or a negative effect on the non-traded real […]
Industry Pulse: On The Record – Trask Leonard
Who is currently looking to buy medical facilities in San Francisco and the Bay Area? “We’re seeing a lot of private investors, as there is a lot of accumulation of wealth in the technology sector. I have many people who talk to me and say, ‘I don’t know what to do with my money. Help […]
Industry Pulse: High-Value Houston MOB Recently Recapitalized
Alaska Permanent Fund Corp. and CS Capital Investment are the new investors in the MOB. Recapitalizations typically don’t garner headlines on a par with sale transactions. But when the recapitalized asset is undoubtedly one of the nation’s most valuable medical properties, that is worth some ink.
Editor’s Letter: Strong ties to BOMA
If you’re at the MOB conference, stop in to see us Dear Reader, In case you haven’t noticed or don’t receive the BOMA Magazine, which is published every other month by the Building Owners and Managers Association (BOMA) International, Healthcare Real Estate Insights™ has been contributing a column in each issue for the past couple […]
Post-Acute & Senior Living: ‘It’s a time of profound change’
2016 NIC Spring Investment Forum spotlights shifting healthcare model By Murray W. Wolf The predominant theme was “change” as more than 1,500 post-acute and senior living professionals gathered March 9-11 in Dallas for the 2016 NIC Spring Investment Forum, presented by the National Investment Center for Seniors Housing & Care (NIC).
Companies & People: 5 Questions for Mark Toothacre
The Pacific Medical Buildings president talks about adapting in the new era By John B. Mugford Long before medical office buildings (MOBs) became a “cool” or trendy investment, there was Pacific Medical Buildings, a West Coast-based developer, owner and manager of outpatient healthcare facilities.
Companies & People: James Schmid joins Anchor Health Properties
Effective April 4, 2016, veteran healthcare real estate executives James A. Schmid III has joined Anchor Health Properties as chief investment officer and a principal. He is based in Philadelphia, in the area where he and his family are originally from. Mr. Schmid joins Anchor after about six years with CNL Financial Group in Orlando, Fla., during which time […]
Cover Story: Who’s selling MOBs?
The answer might surprise you By Murray W. Wolf One record after another has fallen during the past few years as medical office building (MOB) sales volume moved steadily along a upward curve. Today, although MOBs seem to be as popular an investment as ever, some of the most prodigious buyers are becoming net sellers.
Feature Story: What is the ‘state of the industry?’
InterFace West panel covered the ‘obligatory’ topics, but added some new twists By Murray W. Wolf It seems like every healthcare real estate (HRE) conference includes a “state of the industry” panel discussion. And, with as fast as things are changing in the HRE sector, that seems perfectly appropriate.
Transactions: Farley White affiliate acquires two-building MOB complex in Naples, Fla., for $15.8 million
NAPLES, Fla. – An affiliate of Farley White Interests, a Boston-area owner of commercial real estate, closed in February on the acquisition of a two-building MOB complex in Naples for about $15.8 million, or about $207 PSF.