Industry Pulse: July 2011
NEW YORK – Demand for healthcare facilities is approaching a point where it will outstrip supply, according to Jay Flaherty, chairman, president and CEO of Long Beach, Calif.-based HCP Inc. (NYSE: HCP), a large healthcare real estate investment trust (REIT). In a REIT.com video interview at “REITWeek 2011: NAREIT’s Investor Forum” at the Waldorf Astoria […]
Editor’s Letter: Panelist can entertain
SOME SPEAKERS ADD HUMOR TO CONFERENCES By, John Mugford Dear Reader: Every time I attend a healthcare real estate conference – quite often to moderate one of the panel discussions – I am impressed with how educational, informative, important and timely these events have become for people involved in this sector. Did I mention that […]
Provider News: A joint venture considered in Colorado
PACT MAKES SENSE, SYSTEMS SAY, IN ERA OF REFORM, PHYSICIAN SHORTAGES By John Mugford At a time when many hospital consolidations are taking place throughout the country, two well-known players in Colorado are considering what the entities are calling a “joint operating agreement.” Officials with the University of Colorado Hospital at the Anschutz Medical Campus […]
Inpatient Projects: Baylor hospital to get $100.5M tower
165,741 SQUARE FOOT EXPANSION PLANNED AT HOSPITAL IN GRAPEVINE, TEXAS By John Mugford Dallas-based Baylor Health Care System is shoring up plans for a $100.5 million expansion at its hospital in Grapevine, located in the northern suburbs of the Dallas/Fort Worth Metroplex.Baylor’s plans call for the construction of a new a five-story, 165,741 square foot […]
Outpatient Projects: Site work starts on 176,462 s.f. MOB
COGDELL SPENCER ERDMAN IS BUILDING $27.8 MILLION PROJECT IN DULUTH, MINN. By John Mugford As hospitals across the country continue to add more and more employed physicians, many are seeing a need for new spaces where these doctors can provide services. One place this is happening is in downtown Duluth, Minn., where design/build firm Cogdell […]
Transactions: Heitman/NexCore buy MOB for $23M
COMPETITION WAS STRONG FOR ON-CAMPUS FACILITY IN LANHAM, MD., NEAR D.C.By John Mugford Opportunities to acquire high-quality medical office buildings (MOBs) in the Washington, D.C., area have been somewhat rare in recent years. As a result, when such properties are indeed put on the market, the competition heats up quite nicely – especially if you’re […]
Capital Markets Snapshot: Economic recovery remains slow
PROBLEMS IN EUROPE, PUBLIC BORROWING ARE CONTINUE TO HAMPER PROCESS By Cain Brothers. In the past month, long-term interest rates have continued to decline in response to unexpected weakness in the global economy and a shift to quality. The drama in Europe has a few more acts to play out, but if these economic woes […]
Q & A: New job for MOB pioneer
SYDNEY SCARBOROUGH TAKES ON NEW ROLE AT JLL By John Mugford When Sydney P. Scarborough was asked a question during the ensuing interview about what she enjoys doing outside of work, there was a caveat that went something like this: “It’s obvious that at work your passion entails helping hospitals reduce costs, but outside of […]
Provider Perspective: Providers talk strategy
EXECUTIVES DISCUSS REAL ESTATE’S CHANGING ROLE By John Mugford In what is becoming known as the era of healthcare reform, quite a bit is changing, and will continue to change, for hospitals and health systems as they go about their mission of delivering medical services to an ever-expanding pool of patients. As most everyone involved […]
Industry Pulse: June 2011
FRISCO, Texas – The general consensus among professionals involved in healthcare real estate, as well as the healthcare industry in general, is that the development of new physician-owned hospitals is dead, killed by Section 6001 of the Patient Protection & Affordable Care Act. The provision, for the most part, prohibited the opening of new physician-owned […]
Editor’s Letter: Glad we’re ‘healthcare’
THERE’S MUCH MORE TO THIS SECTOR THAN MOBs By John B. Mugford. Dear Reader: When we launched Healthcare Real Estate Insights™ in January 2003, we deliberately used “healthcare” in our publication title rather than a more specific term like “medical office” to reflect that the scope of our coverage would include a broad range of […]
Provider Perspective: Providers need flexibility, partnerships
REAL ESTATE FIRMS CAN PROVIDE CREATIVITY AND CAPITAL, HEALTH EXECS SAY By Murray W. Wolf For a snapshot of what is happening in the healthcare industry and healthcare real estate these days, focus your lens on North Memorial Health Care in Robbinsdale, Minn. The independent, not-for-profit system in the north Minneapolis suburbs perhaps exemplifies much […]
Inpatient Projects: Battle to build S.C. hospital continues
CAROLINAS HEALTHCARE SYSTEM BUYS LAND FOR PROPOSED 64-BED HOSPITAL By Dan Emerson A battle between three health systems to build a new hospital in Fort Mill, S.C., a growing suburb south of Charlotte, N.C., has been part of the healthcare landscape for at least seven years or so. At one point, in 2006, the matter […]
Outpatient Projects: Acquisition puts JV in the driver’s seat
SEAVEST, KIRCO ADAPTING FORMER AUTO PARTS COMPANY HQ FOR HEALTHCARE By Dan Emerson After trying for several years to add medical services at its busiest outpatient location, Detroit-based Henry Ford Health System (HFHS) has chosen a different strategy: expanding its offerings in a nearby office building that is being converted to a medical use. The […]
Transactions: The Sanders Trust adds to its portfolio
BIRMINGHAM, ALA.-BASED FIRM BUYS INPATIENT REHAB HOSPITAL IN LAS VEGAS By John Mugford The Sanders Trust (TST), a medical real estate investment firm based in Birmingham, Ala., has a goal of adding $100 million to its portfolio in 2011 through acquisitions and development. The company made significant progress toward that goal in May by paying […]