Companies & People: Lorie Damon, formerly of BOMA, joins Raymond James | Morgan Keegan as VP
ST. LOUIS – Lorie Damon, well-known for leading the organization of BOMA International’s annual Medical Office Buildings & Healthcare Facilities Conference during the past decade, recently joined the healthcare real estate (HRE) practice at Raymond James | Morgan Keegan. She is a VP in the firm’s St. Louis office and will work with Laca Wong-Hammond, […]
Companies & People: Big finish to 2012 for Griffin-American
Unlisted healthcare REIT acquired 14 properties in December, including nine MOBs By John B. Mugford Even though there is a supposed lack of healthcare real estate facilities on the market, Griffin-American Healthcare REIT II Inc. has certainly found plenty of properties to meet its needs recently. One of the most prolific buyers of healthcare […]
Post-Acute & Senior Living: At last, the long LTACH moratorium ends
After 5 years, will expiration mean a surge of activity in the post-acute space? By John B. Mugford At long last – after five years, in fact – the federal government’s moratorium on the development of new long-term care hospitals (LTACHs), as well as the expansion of existing ones, has finally come to an end. […]
Inpatient Projects: Shore Health plans 126-bed replacement
S ystems hopes to break ground this summer for hospital costing at least $242M By John B. Mugford The city of Easton, Md., is home to a 100-year-old hospital, the venerable Shore Health System’s Memorial Hospital. Needless to say, healthcare has changed plenty during the last century, prompting the health system, which became part of […]
Outpatient Projects: Huge cancer center planned for NYC
Former city-owned site will be home to 21-story, 750,000 square foot facility By John B. Mugford In the heart of perhaps the world’s most costly real estate market – Manhattan – building a new outpatient healthcare facility can be quite an undertaking, and an expensive one at that. If you’re going to build something, you […]
Hot Property: MOB touted as value-add opportunity
Medical property in Daly City, Calif, is available for less than replacement cost Property: Physicians Medical Center Address: 901 Campus Dr. City, State: Daly City, Calif. Size: Three stories, 75,559 square feet Asking price: Not disclosed Year completed: 1989 Seller: Serramonte Ridge Medical Center Enterprises Tenants: Campus Surgery Center, others Broker: CBRE Group Inc. DALY […]
Transactions: ARC Healthcare closes strong in 2012
Unlisted REIT makes six buys in December, wrapping up a busy fourth quarter By John B. Mugford As 2012 came to a close, all indications – as well as the words of medical office buildings (MOB) sales brokers and investors – were pointing to a strong fourth quarter (Q4) for the nationwide sales volume of […]
HOK HAS A NEW ANGLE ON HOSPITAL ROOM DESIGN
The parallelogram might be the hot new shape in the design of safe, efficient hospital rooms. When designing patient rooms, architects know that putting washrooms close to beds is a must. That shortens the distance patients must walk to use the facilities, reducing the risk of falls. The trouble is, that also tends to at […]
THE ISLANDS ARE CALLING
We don’t normally report on healthcare real estate developments taking place in foreign countries. However, a partnership of a hospital company from India and St. Louis-based Ascension Health Alliance, the for-profit venture of not-for-profit St. Louis-based Ascension Health, continues to make progress on the construction of its interesting and eventually massive “health city” in the […]
Industry Pulse: 40%
That’s the percentage of medical office buildings (MOBs) acquired by publicly listed REITs in 2012, based on total sales volume and preliminary data from Real Capital Analytics (RCA) Inc.
‘THE STREET’ SAYS HEALTHCARE REITS ARE THE REAL DEAL
Most people involved in healthcare real estate believe the sector will be strong in 2013, both in terms of sales, development, net operating income (NOI) and returns. A well-known investment website, The Street, which includes among its contributors Jim Cramer of Mad Money, agrees. For its readers to profit from the predicted strong year ahead […]
Capital Markets: Uncertainty ebbs with Obama’s reelection
Activity likely to increase now that fate of healthcare reform is largely resolved The capital markets continue to reflect the combined efforts of most major central banks to depress interest rates to promote more rapid economic growth and (hopefully) higher employment. The U.S. Federal Reserve’s efforts are meant to seek price stability and full employment, […]
HEALTHCARE’S OTHER ‘RETAIL STRATEGY’
Much has been said recently about creating a “retail strategy.” But most of those discussions have been focused on the idea of putting healthcare services in retail locations. What about the much older strategy of putting retail services in healthcare facilities? That idea is still alive and well – and is perhaps more important than […]
News Release: Just Closed – Kaiser Ventura County MOBs
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Kaiser Ventura County MOBs. KAISER VENTURA COUNTY MOBs Sale Date: Sale Price: Sale PPSF: Building Size: Occupancy: YOC: December 28, 2012 $15,200,000 $243 62,468 SF 100% 1996 The CBRE Healthcare Capital Markets Group is pleased to announce the completion of […]
Publisher’s Letter: Say ‘goodbye’ to HREI™
AND SAY ‘HELLO’ TO A ‘NEW AND IMPROVED’ HREI™ By Murray W. Wolf Dear Reader: OK. I’ll admit it. The headline above was intended to raise an eyebrow. Relax. HREI™ is not saying goodbye. God willing, we will continue for many years to put all the latest and most important healthcare real estate news and […]