News & Analysis: MOB sales jumped in Q3
VOLUME TOPPED $1 BILLION; FIRST TIME SINCE Q2 2008 By John Mugford Anyone hoping for a bounce back in medical office building (MOB) sales starting in the second half of 2010 certainly got what they wished for. For the third quarter (Q3), which ended Sept. 30, MOB sales totaled $1.083 billion, according to data compiled […]
Industry Pulse: November 2010
NEW YORK – Perhaps in yet another sign that the medical office building (MOB) sector remains a viable and safe real estate investment choice, another real estate investment trust (REIT) concentrating on healthcare facilities is in the process of going public. Atlanta-based Richmond Honan Medical Properties Inc. recently announced its intention to raise up to […]
Editor’s Letter: The new wait-and-see
OVERTURNING REFORM IS UNLIKELY, BUT CHANGES LINGER By John B. Mugford Dear Reader: Whenever we have a chance, we here at Healthcare Real Estate Insights™ ask our sources whether they believe the healthcare reform law might be overturned. With all of the backlash and outrage occurring over some aspects of the law, could new politicians […]
Market Focus: Denver healthcare market is not rocky
$2 BILLION IN MEDICAL REAL ESTATE PROJECTS ARE UNDER WAY OR PLANNED By John Mugford One of the great things about Denver is the magnificent backdrop. No matter where one stands in the metropolitan area, he or she is sure to find a great view of the snow-topped Rocky Mountains off to the west. Those […]
Companies: Clark, McCarthy land big Navy project
STIMULUS DOLLARS FUEL JV TO BUILD 500,000 S.F. HOSPITAL AT CAMP PENDLETON By John Mugford A joint venture of Clark Construction Group of Bethesda, Md., and McCarthy Building Co. of San Diego recently received a $394 million contract from the U.S. Navy for the construction of a 500,000 square foot, 67-bed hospital at Marine Corps […]
Inpatient Projects: Scott & White moving on new hospital
AFTER FIRST DEAL FELL THROUGH, NEW SITE WAS FOUND IN TEXAS HILL COUNTRY By John Mugford A new hospital in a growing area of Texas, by a growing healthcare system – Temple, Texas-based Scott & White – is now slated for a 116-acre parcel in Marble Falls. Marble Falls is about 40 miles west of […]
Outpatient Projects: U of Minnesota eyes ambulatory plan
UNIVERSITY SEEKS $100 MILLION GRANT TO HELP PAY FOR $250 MILLION FACILITY By John Mugford As the University of Minnesota continues construction on its future facility for Amplatz Children’s Hospital, the university’s Board of Regents has approved bonding for an even bigger medical project on the Minneapolis campus. In recent weeks, the regents gave the […]
Transactions: Rendina Cos. acquires MOB in Illinois
FIRM BUYS PROPERTY ON PROVENA SAINT JOSEPH MEDICAL CENTER CAMPUS By John Mugford Jupiter, Fla.-based Rendina Cos. recently acquired a three-story, 70,023 square foot MOB in Joliet, Ill., for an undisclosed price. The MOB, known as Madison Medical Plaza, is on the campus of the 480-bed Provena Saint Joseph Medical Center. Versa Property Management, a Rendina […]
Transactions: Equity Inc. makes move into Texas
OHIO REAL ESTATE FIRM ACQUIRES 70,327 S.F. FOOT PROPERTY IN CORPUS CHRISTI By John Mugford Columbus, Ohio-based Equity Inc. recently made its foray into the Texas healthcare market, as it acquired the Wellspring Center, a three-story, 70,327 square foot medical office building (MOB) on 0.61 acres at 5802 Saratoga Blvd. in Corpus Christi. The purchase price […]
News & Analysis: Tenet sells nine South Florida MOBs
JOINT VENTURE OF LOCAL FIRM, LARGE INVESTOR BUYS EIGHT PROPERTIES By John Mugford It’s been almost three years since Dallas-based Tenet Healthcare Corp. (NYSE: THC) announced that it planned to sell a massive portfolio of 34 medical office buildings (MOBs) located on or near its hospital campuses. Well, everyone knows what happened since then to […]
Q&A: Braun sees opportunities
NEW COGDELL CEO DISCUSSES COMPANY, INDUSTRY By John Mugford As far as James W. “Jim” Cogdell is concerned, the newly named chief executive officer (CEO) and president of the company that he founded back in the early 1970s has what it takes to lead the firm, Cogdell Spencer Erdman (NYSE: CSA), to the “next level […]
News & Analysis: HTA plans $196.6M buy
REIT AGREES TO ACQUIRE THREE-STATE PORTFOLIO By Murray W. Wolf Healthcare Trust of America Inc. (HTA) has agreed to acquire a three-state, nine-building, 960,000 square foot medical office building (MOB) portfolio for $196.645 million. The pending deal, which was announced just as this edition of Healthcare Real Estate Insights™ was about to go to press, […]
Industry Pulse: October 2010
PHOENIX – There has been growing speculation during the past several months that the healthcare industry will consolidate because healthcare reform, the recession, reduced reimbursement rates and other challenges have made it increasingly difficult for smaller providers to compete. Recently, a flurry of merger and acquisition (M&A) activity seems to be giving credence to those […]
Editor’s Letter: Not sure there’s space…
BUT WE HAVE ADDED ANOTHER NEWS SECTION By John B. Mugford Dear Reader: As noted in the headline above, I’m not sure that we have room for any more material – let alone a whole new section of news – in Healthcare Real Estate Insights™. But damn the torpedoes, we’re adding a new section anyway. […]
Product Focus: Proton Beam centers taking off
DESPITE HIGH COSTS, ENTITIES FORGING AHEAD WITH CENTERS AROUND COUNTRY By Jessica Griffith When ProVision Healthcare LLC solidified its plans for a comprehensive cancer campus in Knoxville, Tenn., it was a “no-brainer” to include a proton therapy center. “Right now, proton therapy is one of the most cutting-edge treatments you can receive,” says Scott Warwick, […]