Project Case Study: Senior Focus (April 2008)
ASL makes entry to independent living DEVELOPER, OWNER HAS THREE PROJECTS WITH 521 UNITS UNDER WAY IN CALIFORNIA By Dan Emerson Santa Ana, Calif.-based American Senior Living (ASL) has targeted three California cities whose age and income demographics make them fertile ground for independent living communities: Tarzana and Tustin, near Los Angeles, and Daly City, […]
Industry Pulse (April 2008)
HOUSTON – Construction is set to begin this month on the $300 million Methodist West Houston Hospital. The future hospital, which is part of Houston-based Methodist Hospital System, is being built in the growing suburb of Katy, Texas, in the far western part of the metropolitan area. Plans call for a 500,000 square foot, six-story […]
Companies (April 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Transactions (March 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Industry Pulse (March 2008)
CHARLOTTE, N.C. – Charlotte-based Carolinas HealthCare System is certainly a big provider, with its 22 hospitals, 200 locations and 5,000 licensed beds throughout North and South Carolina. And now the system is about to embark on its biggest construction project ever. Carolinas received the green light from North Carolina officials in late February to proceed […]
Transactions (Febraury 2008)
Nationwide mops up MOBs in St. Louis REIT CONTINUES DIVERSIFICATION; TEAMS WITH McSHANE ON $50M PURCHASE By John Mugford Nationwide Health Properties (NYSE: NHP), a publicly traded healthcare real estate investment trust (REIT) based in Newport Beach, Calif., is continuing with its diversification toward owning more and more MOBs. As noted in an article starting […]
Industry Pulse (February 2008)
MERRIAM, Kansas – Shawnee Mission Medical Center, located in the far western suburbs of the Kansas City metro area of Missouri and Kansas, recently announced plans to buy 42 acres in the southern part of growing Overland Park, Kan., for a future hospital. The hospital campus would be developed in phases, starting with outpatient services […]
Industry Pulse (January 2008)
BIRMINGHAM, Ala. – The unfinished, massive Digital Hospital just south of Birmingham might get a life of caring for patients after all. Birmingham-based real estate firm Daniel Corp. recently agreed to pay $43.5 million for the 1 million square foot, 13-story hospital and its 103-acre site from Birmingham-based HealthSouth Corp. (NYSE: HLS). The health system […]
Transactions (December 2007)
Doc hopes to buy, convert Waco tower SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE By John Mugford A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. […]
Publisher’s Letter (December 2007)
We’re the ultimate info junkies WHERE DO WE GET ALL THIS INFORMATION? EVERYWHERE WE CAN. Dear Reader: Maybe it’s the time of year. But lately we have noticed a recent increase in the number of calls and emails we have received asking for healthcare real estate data. The timing is not surprising. At most […]
Inpatient Projects (December 2007)
All-digital replacement unveiled in N.J. VIRTUA HEALTH PLANS 376-BED REPLACEMENT ON 125 ACRES IN VOORHEES TOWNSHIP By John Mugford Marlton, N.J.-based Virtua Health recently unveiled plans for a $400 million, 376-bed “digital” hospital in Voorhees Township, N.J., located in the southeastern New Jersey exurbs of Philadelphia. The hospital would replace Virtua’s 1973 hospital in Voorhees, […]
Industry Pulse (December 2007)
CALIFORNIA – This shocker is actually good news for many California hospitals and health systems. It now looks as if about 600 hospital buildings will not necessarily have to be rebuilt or retrofitted by a deadline of 2013 in order to meet California’s strict rules for seismic safety. In recent weeks the California Building Standards […]
Industry Pulse (November 2007)
SPRING HILL, Tenn. – Nashville, Tenn.-based HCA Inc.’s TriStar Health System recently received a rejection right in its own backyard. An administrative law judge has denied HCA’s previously approved Certificate of Need (CON) to build a $110 million hospital in Spring Hill, about 30 miles south of Nashville. The CON for the 56-bed facility had […]
Industry Pulse (October 2007)
NASHVILLE, Tenn. – The Vanderbilt University Board of Trustees in recent weeks took the first steps toward a massive expansion of Monroe Carell Jr. Children’s Hospital at Vanderbilt. The board approved $5.4 million in planning fees for a proposed addition that would add a $203 million, eight-story, 340,000 square foot tower. The project would include […]
Editor’s Letter (October 2007)
In your face, credit crunch AS THIS ISSUE SHOWS, DEALS ARE CERTAINLY GETTING DONE Dear Reader: As I wade through the numerous news reports and press releases that we receive from various outlets around the country, and interview folks involved in healthcare real estate, I’m taken aback by the volume of medical office building (MOB) […]