News & Analysis: $100M for Hundred Oaks?
PIONEERING MEDICAL-RETAIL HYBRID UP FOR SALE By John Mugford For sale: the roughly 880,000 square foot One Hundreds Oaks Mall in Nashville, Tenn. Estimated asking price: $100 million-plus. Why is this news important to healthcare real estate professionals and investors? About half of the facility is occupied by Vanderbilt Health. Back in 2007, just as […]
Industry Pulse: September 2011
BOSTON – In July, Boston-based American Realty Capital (ARC) Healthcare Trust Inc., a non-traded real estate investment trust (REIT) sponsored by American Realty Capital V LLC, announced that it had entered a contract to acquire a dozen medical properties for a total of $257.5 million. On Sept. 19, the REIT closed on the acquisition of […]
Editor’s Letter: We have news aplenty
TRICK IS TO GET IT ALL INTO THE NEWSLETTER John B. Mugford Dear Reader: I’m sitting here at my desk in the beautiful Minneapolis suburb of Minnetonka, Minn., occasionally looking out the window upon a beautiful summer day of sunny skies and temperatures in the 80s. We just wrapped up this edition of Healthcare Real […]
Special Report: ULI healthcare group flies under radar
URBAN LAND INSTITUTE HAS BEEN QUIETLY DEVELOPING A HEALTHCARE COUNCIL By Murray W. Wolf Most of the growing number of professional associations and media companies that sponsor healthcare real estate conferences seem to think bigger is better. More registrations, more sponsors, more publicity – it’s all good. But the Healthcare and Life Sciences Council of […]
Special Report: Recent deals suggest sellers’ market
BOMA PANELISTS EXPLORE IMBALANCE OF REAL ESTATE SUPPLY AND DEMAND By Murray W. Wolf Anyone who has been involved in commercial real estate for more than five minutes knows there is probably no such thing as a “typical” deal. There are too many variables – geographic market, specific location within that market, age of the […]
Inpatient Projects: New replacement opens doors in N.Y.
$350M ORANGE REGIONAL MEDICAL CENTER REPLACES TWO AGING CAMPUSES By John Mugford New freestanding replacement hospitals don’t come along very often in the state of New York. In fact, it’s been more than two decades since the last new one was completed anywhere in the Empire State. Until now, that is. The 383-bed, $350 million […]
Transactions: MOB sales jumped 29.3 percent in Q2
Q3 COULD SEE BIGGER RISE AS ONE MAJOR DEAL CLOSES, MORE ARE ON THE WAY By John Mugford For the second quarter in a row, medical office building (MOB) sales continued at a somewhat slower pace. However, at least one large portfolio sale is reportedly under contract and expected to close in the third quarter […]
Capital Markets Snapshot: Investors face new opportunities, risks
CUTS ARE LIKELY FOR HEALTHCARE PROGRAMS IN AN EFFORT TO REDUCE DEFICIT By Cain Brothers This month, we’ve entered new territory for the healthcare real estate capital markets, as well as for capital markets globally. As we all know, Standard & Poor’s downgraded U.S. Treasury debt to AA+. Despite the downgrade, the 10-year Treasury yields […]
Special Report: Survey: sector is strong
CONSULTANT PROBES PLANS OF PROVIDERS, OWNERS By John Mugford What’s on the minds of hospital and health system executives as they navigate their changing industry? A lot, it’s safe to say. However, when it comes to real estate, one goal of a majority of hospitals that responded to a recent survey is to eventually enter […]
News & Analysis: ProMed buys in Boston
COMPANY PAYS $112M FOR MOB, RESEARCH BUILDING By John Mugford The goal of ProMed Properties is to become the “dominant owner and operator” of medical office buildings (MOB) in high barrier-to-entry markets in the Mid-Atlantic and Northeast regions of the country In recent days, the North Miami, Fla.-based healthcare real estate investor took another step […]
Industry Pulse: August 2011
NEW JERSEY – There is plenty of talk in the healthcare real estate sector these days about a lack of available, high-quality medical office buildings (MOBs) for sale, especially facilities with hospital affiliations. Whenever those properties are indeed placed on the market, the competition among a variety of investor types heats up quite strongly. Amid […]
Editor’s Letter: ‘On air’ brought panic
RADIO SHOW EXPLORES MEDICAL REAL ESTATE By, John B. Mugford Dear Reader: I’ve got to admit, I was feeling pretty comfortable as I settled in as a guest on the “Commercial Real Estate Show” on Business Radio 1190. The episode that I was part of was recently recorded in Atlanta and called “Healthcare Real Estate […]
People: JLL hires managing director in West
ADDING JASON J. CLARK IN LOS ANGELES OFFICE BOLSTERS HEALTHCARE GROUP Staff Reports Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) recently hired a new managing director for its healthcare solutions group, a move that continues the expansion of the company’s effort to provide more services for medical clients throughout the country. The new addition is […]
Inpatient Projects: Alabama hospital buyer plans rebuild
TENNESSEE-BASED REGIONALCARE PLANS $227 MILLION REPLACEMENT FACILITY By John Mugford When Brentwood, Tenn.-based RegionalCare Hospital Partners acquired the assets of Coffee Health Group in Florence, Ala., in mid-2010, it pledged to seek state approval to build a replacement hospital for Eliza Coffee Memorial Hospital, which serves much of northwest Alabama. In recent weeks, the for-profit […]
Outpatient Projects: Seavest starts MOB on R.I. campus
$13.6 MILLION ASC AND MOB IS BEING DEVELOPED IN WARWICK, NEAR PROVIDENCE By John Mugford White Plains, N.Y.-based Seavest Inc. broke ground in recent weeks on a $13.6 million, two-story, 62,454 square foot MOB in Warwick, R.I., on the campus of Kent Hospital, which is part of the Care New England Health System. Construction is […]