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 […]
Capital Markets Snapshot: Markets quiet; job data scrutinized
TAX-EXEMPT MARKET REMAINS ROBUST AS AA-RATED SYSTEMS ISSUE BONDS By Cain Brothers The markets have been relatively quiet recently as economic releases continue to befuddle investors. Initial jobless claims came in a bit soft for the second week in a row, and, to nobody’s surprise the prior week’s figures were revised upward (meaning more claims). […]
Q & A: Strong year anticipated
JOHN SMELTER SAYS ‘STARS ARE ALIGNED’ FOR MOBS By John Mugford These days, John R. Smelter is well known as one of the most active and knowledgeable sales professionals in the medical office building (MOB) transaction market. As a broker who works out of the San Diego office of Marcus & Millichap, Mr. Smelter is […]
Special Report: Adaptive reuse on a roll
PROVIDERS HAVE REPURPOSED MILLIONS OF SQ. FT. By Murray W. Wolf There has been a lot of talk in recent years about repurposing other types of real estate for medical use. With millions of square feet of office and retail space sitting vacant across the nation, much of it in high-traffic locations, the idea of […]
Industry Pulse: April 2012
SCOTTSDALE, Ariz. – Several sources in the healthcare real estate industry have told Healthcare Real Estate Insights™that a portfolio of nine medical office buildings (MOBs) offered for sale by Scottsdale Healthcare is under contract and likely to close soon, perhaps in coming weeks. A spokesperson for New York-based Savills LLC, which had listed and was […]
News Release: Just Closed Northside East Cobb Medical Campus
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Northside East Cobb Medical Campus. Sale Date: Sale Price: Sale PPSF: Building Size: Occupancy: YOC: March 21, 2012 $19,200,000 $277 69,341 SF 96.85% 1985, 1990, 1991 (renovated 2009) The CBRE Healthcare Capital Markets Group is pleased to announce the sale of the Northside East Cobb […]
Editor’s Letter: That’s news to me
TELL US KNOW ABOUT YOUR LATEST PROJECTS By John B. Mugford Dear Reader: I know I’ve done this before, but here I am again asking for your help in getting as much news as possible into our publication. The news we’re looking for and will publish in Healthcare Real Estate Insights™ has to do with […]
Project Case Study: Indy MOB altered to reflect strategy
JOHNSON DEVELOPMENT CHANGED COURSE OF $30 MILLION FACILITY TO ADD ASC By John Mugford The Indianapolis office of Birmingham, Ala.-based Johnson Development recently completed a surgery center that is part of a previously completed $30 million, 120,000 square foot medical office building (MOB) on the campus of Indiana University Health Saxony Hospital in Fishers, in […]