Companies: CHS to buy assets of York, Pa., system
CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the ball rolling in the […]
Inpatient Projects: Florida OKs new $125 million hospital
SHANDS JACKSONVILLE PLANS $125 MILLION HOSPITAL AND MOB NORTH OF CITY By John Mugford More than four years after it first announced plans to build a new hospital in a growing area north of Jacksonville, Fla., the Shands Jacksonville health system recently received the go ahead from the state to proceed with the project. For […]
Outpatient Projects: Large MOB set near Orlando Regional
CARLYLE INVESTMENTS PLANS TO DEVELOP MORE THAN 80,000 SQUARE FEET By John Mugford A local developer has plans for a seven-story MOB near the 808-bed Orlando Regional Medical Center just south of downtown. In order to proceed with the project, Tampa-based Carlyle Investments Inc. plans to demolish three vacant 1950s office buildings on a 2.1-acre […]
Outpatient Projects: Caddis, MedProperties team on MOB
DECEMBER COMPLETION SET FOR FLOWER MOUND HEALTH PLAZA, NEAR DALLAS By John Mugford Caddis Partners LLC and MedProperties Holdings LLC, two Dallas-based firms, are preparing to start construction in late January on a single-story medical facility in Flower Mound, Texas, north of Dallas. Construction financing closed in mid-December. The facility, to be called Flower Mound […]
Outpatient Projects: Alabama MOB near hospital and retail
PROJECT SLATED FOR SITE NEAR TARGET-ANCHORED MALL OUTSIDE HUNTSVILLE By John Mugford The trend of developing healthcare facilities in retail locations is alive and well in Madison, Ala., located outside of Huntsville, in the northern part of the state. Within a future retail development known as Madison Corners, Huntsville-based Triad Properties Corp. recently purchased 3.46 […]
Outpatient Projects: PMB adding Bay Area MOB for Sutter
$27.5 MILLION, 80,000 SQUARE FOOT FACILITY IS A JOINT VENTURE WITH VENTAS By John Mugford San Diego-based Pacific Medical Buildings (PMB) recently started construction on a $27.5 million, 80,000 square foot MOB on the campus of an under-construction hospital campus in Castro Valley, in the Bay Area of California south of Oakland. The MOB is […]
Transactions: UHT buys Washington MOB for $31.1M
PUBLICLY TRADED REIT BUYS 99,000 SQUARE FOOT FACILITY FROM HEALTH SYSTEM By John Mugford Universal Health Realty Trust (NYSE: UHT) has been quite active in recent months – both buying and selling medical office building (MOB) assets. In late January, the King of Prussia, Pa.-based publicly traded real estate investment trust (REIT) was on the […]
Transactions: Duke Realty buys Chicago-area MOB
PRICE WAS $47.8M; REIT ALSO ACQUIRES CHRISTUS, COMMUNITY HEALTH FACILITIES By John Mugford Indianapolis-based Duke Realty Corp. has a goal of continuing to add to its medical office building (MOB) holdings. Well, the publicly traded real estate investment trust (REIT) did so with several significant purchases in recent weeks, the largest being a 104,912 square […]
Capital Markets Snapshot: Market looking good for MOB sellers
THAT DOESN’T MEAN HOSPITALS, HEALTH SYSTEMS WILL START SELLING IN 2012 By Cain Brothers The capital markets graphs below this commentary show a sharp decline in longer-term debt yields, with 10-year Treasuries trading to and through 2 percent. The widening of the LIBOR-OIS spread (the difference between the London Interbank Offered Rate and the overnight […]
Provider Perspective: Changes and challenges
HEALTH EXECS DISCUSS REAL ESTATE RESPONSES By John Mugford Ever since the first hospital was built in what would become the United States back in the 1750s, physicians and healthcare administrators have had to adapt and change with the times. Healthcare has always been, and always will be, an industry on the move. However, the […]
News & Analysis: Centura MOB sale closes
SEAVEST, DENVER FIRM MAKE $41.25 MILLION BUY By John Mugford For a number of years, healthcare real estate professionals often used the term “classic monetization” to describe a transaction in which a hospital or health system sold a portfolio of medical office buildings (MOBs) in order to reinvest the proceeds back into its mission of […]
Industry Pulse: January 2012
NEWPORT BEACH, Calif. – Don’t expect much to change – besides the name – now that the transition to a new co-sponsorship is complete at Griffin-American Healthcare REIT II, formerly known as Grubb & Ellis Healthcare REIT II. That’s because the executive leadership at the unlisted healthcare real estate investment trust (REIT) says that Griffin-American […]
Feature Story: 2015 HREI Insights Awards Finalists: Best Post-Acute/Senior Living
The Piper, Kansas City Developer: Assisted Living Associates With the development of The Piper, Assisted Living Associates, a partnership of PAR Development, Clarkson Construction Co. and Action Pact, is unveiling its household model. In The Piper’s family-size households, residents mingle or retreat into the privacy of their own apartment. The three-story, 100,000 square foot facility […]
Editor’s Letter: Hungry for good news?
HOLIDAY TREATS PORTEND A SUCCESSFUL 2012 By John B. Mugford Dear Reader: Like almost everyone reading this publication, we tend to keep both eyes focused on healthcare real estate and our peripheral vision glancing on the leading U.S. economic indicators. After all, even though healthcare real estate is often dubbed “recession-resistant,” the economy certainly has […]
Project Case Study: Foreclosed project getting new life
MERIDIAN HAS HIGH HOPES FOR SELLING MED BUILDINGS IN PALMDALE, CALIF. By John Mugford As a victim of the gung-ho medical office building (MOB) development spree that took place prior to the Great Recession, a 34,300 square foot speculative project marketed heavily to doctors has sat virtually vacant in Palmdale, Calif., since it was completed […]