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 […]
Transactions: Sentio, Caddis, docs buy MOB in Texas
JV PAYS $11.5 MILLION FOR 114,583 SQ. FT. PHYSICIANS CENTRE IN BRYANT, TEXAS By John Mugford A joint venture partnership of Orlando, Fla.-based Sentio Healthcare Properties Inc., Dallas-based Caddis Partners and a group of physicians in recent weeks acquired a 114,583 square foot MOB in Bryan, Texas, about 95 miles northwest of Houston. The city […]
Transactions: IRA Realty Capital buys MOB in Dallas
FIRM PAYS $25.5 MILLION FOR 85,879 SQ. FT. EYE INSTITUTE OF TEXAS BUILDING By John Mugford A joint venture led by Newport Beach, Calif.-based IRA Realty Capital has acquired an 85,879 square foot MOB in Dallas for $25.5 million, or $297 PSF. The property, known as The Eye Institute of Texas, was 81 percent leased […]
Transactions: Griffin-American buys MOBs for $52M
IN JUST TWO YEARS SINCE INCEPTION, REIT’S TOTAL PORTFOLIO HITS $715 MILLION By John Mugford. Griffin-American Healthcare REIT II went on a bit of a buying spree in recent weeks, making three separate acquisitions with five medical office buildings (MOBs) for a total price of $52.5 million. The transactions closed in the first quarter (Q1). […]
Capital Markets Snapshot: Europe’s turbulence a concern here
U.S. HCRE INVESTORS WILL NEED TO BALANCE FALLING YIELDS WITH RISKS By Cain Brothers A few months ago, healthcare investors were most concerned with trying to read the U.S. Supreme Court tea leaves. Now, however, we should all be worried about significant capital market turbulence coming from Europe and, to a lesser degree, China. Greece’s […]
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 […]
Industry Pulse: May 2012
ATLANTA – Electronic medical record (EMR) systems were supposed to be the wave of the future. Now, it looks as if a lot of money might have been spent, and is still being spent, on a technology that could move in another direction. The topic came up in recent weeks during a panel session at […]
Editor’s Letter: Another good survey
CBRE’S NEW REPORT PROVIDES USEFUL DATA By John B. Mugford Dear Reader: Plenty of very informative and educational materials concerning our sector, healthcare real estate, come across our desks here at Healthcare Real Estate Insights™. Included are a growing number of surveys that track how professionals and organizations in the business are feeling about the […]
Provider Perspective: Provider panel tackles tough topics
REIMBURSEMENTS, INDUSTRY M&As, MOBs AND THE ENDLESS NEED FOR CAPITAL By Murray W. Wolf In addition to repurposing of other types of commercial real estate for healthcare use (please see “Adaptive reuse on a roll,” starting on Page 1), providers had plenty more to say at the recent InterFace Medical Office West conference in Los […]
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 […]
Transactions: HTA makes big entry into Boston area
REIT ACQUIRES 13-BUILDING PORTFOLIO FROM STEWARD HEALTH CARE FOR $100M By John Mugford Greater Boston’s medical office building (MOB) market is considered a very difficult one to crack into, especially when it comes to the third-party ownership of on-campus facilities. A lack of developable land on which to build and a reluctance by many of […]