Feature Story: Six significant subjects
A half-dozen of the most talked about topics from HRE conferences By John B. Mugford With the recent proliferation of healthcare real estate (HRE) conferences, professionals in the sector find themselves gathering quite a number of times in cities near and far to listen to panelists, often composed of some of the best-known executives in […]
Industry Pulse: On the Record – Tony Helton
Why would/should a health system sell real estate? “I still believe that it would make more sense for the lower-rated health systems than it would for us to sell properties … as a way to increase their liquidity and make a case for a better credit rating.” Tony Helton, administrator, Division of Finance, Cleveland Clinic
Transactions: Another record year
Annual MOB sales volume topped $8 billion for the first time in 2014 By John B. Mugford Back in February 2013, we at Healthcare Real Estate Insights™ published an article declaring that 2012 was the best year on record for medical office building (MOB) sales, as total volume topped $6 billion. As always, we used […]
Editor’s Letter: Sunny forecast for HRE
Industry experts predict good things for 2015 and beyond Dear Reader: Recently, I have become infatuated with “word clouds” – images composed of words, in which the size of each word indicates its frequency or importance. Word clouds are a brilliant way to instantly and visually convey the essence of a particular piece of writing. […]
Economics: An eye on the economy
Real estate is notoriously cyclical, but this time might be different. Really. By Murray W. Wolf The past two years were good ones for commercial real estate (CRE) in general and healthcare real estate (HRE) in particular, even as the broader U.S. economy struggled to recover from the Great Recession. Now, paradoxically, as the economy […]
Cover Story: Demand to continue well into 2015
While healthcare real estate executives have a few concerns, most seem to agree that the HRE sector continues to look strong By John B. Mugford The year 2014 in healthcare real estate (HRE) is likely to go down as the best in history, the culmination of a three-year run in which the annual volume for […]
Cover Story: Non-traded healthcare REITs seek deals amid flood of capital
By Murray W. Wolf Probable interest rate increases, new competition, historically high asset pricing and a potential lack of accretive acquisition opportunities are some of the concerns facing executives at the country’s non-traded healthcare real estate investment trusts (REITs). That’s according to “Placing Capital: The Role of Non-traded REITS in the Market,” a panel discussion […]
Feature Story: Southern accent dominates awards
Six HREI Insights AwardsTM top projects were in the South; Berman, Rendina also won There was a distinctly Southern flavor to this year’s HREI™ Insights Awards™. Six of the seven award-winning projects, plus the Lifetime Achievement Award, all went to projects and people from the southern United States.
Winner: HRE Executive of the Year
Mindy Berman is 2014’s top exec Starting from scratch in 2010, she’s helped build JLL’s healthcare R.E. group E ven though Jones Lang LaSalle (NYSE: JLL) has long been a commercial real estate powerhouse throughout the Americas and the rest of the world, up until recent years ago the sporadic services it provided in healthcare […]
Winner: Best New MOB (Less than 25,000 S.F.)
Duke MOB is in ‘enemy territory’ Developer Davis Moore leads Duke Medicine project near UNC Tarheels campus Facility name: Duke Medicine at Meadowmont Address, City, State: 801 West Barbee Chapel Rd. Chapel Hill, N.C. Client (tenant): Duke Medicine Product type: MOB Number of stories: 2 Square footage: 15,000 Site acreage: 2.06 Parking 60 surface spaces […]
Winner: Best New MOB (100,000 S.F. or more)
Clinic improves patient experience Duke Realty-developed VA facility to be used as a model for other clinics Facility name: James A. Haley Veterans› Hospital Primary Care Annex Address, City, State: 13515 Lake Terrace Lane, Tampa, Fla. Client: U.S. Department of Veterans Affairs Product type: Medical office building Number of stories: 2 Square footage: 106,000 Site acreage: 19.65 Parking: 797 surface parking spaces Constr. […]
Winner: Best Renovated/Repurposed
Renovated facility keeps rents low Glenwood developed Croasdaile Commons for Duke Medicine Facility name: Croasdaile Commons Address, City, State: 1821 Hillandale Road, Durham, N.C. Client: Duke Medicine Product type: medical office building Number of stories: 1 Square footage: 94,300 Site acreage: 9 Parking: Approximately 470 surface parking spaces Construction start date: January 2013 Construction complete date: November 2013 Cost: About $24 million […]
Winner: Best New MOB (50,000 to 99,999 S.F.)
Challenges become solutions Pacific Medical Buildings turns the table on dissatisfaction with MOB Facility name: Los Alamitos Medical Plaza Address, City, State: 3751 Katella Ave., Los Alamitos, Calif. Client: Los Alamitos Medical Center Product type: MOB and parking garage Number of stories: 3 Square footage: 70,000 Site acreage: 2 Parking: Structured, 1,077 spaces Construction start […]
Winner: Lifetime Achievement Award
Rendina lauded as industry leader Founder and CEO of namesake firm was known for developing creative solutions During his 30-plus years in the healthcare real estate industry, Bruce A. Rendina was well known for his extraordinary contributions to the sector and for coming up with creative and innovate solutions when challenges arose. So it probably […]
Winner: Best New MOB (25,000-49,999 S.F.)
Angel Cancer Center rises up Keith Corp. helps a key client bring a much needed cancer center to underserved Facility name: Angel Cancer Center Address, City, State: 834 Depot St, Franklin, N.C. Client: Angel Medical Center Product type: MOB – Cancer Center Number of stories: 3 Square footage: 25,461 Site acreage: 1.34 Parking: 125 surface […]