Capital Markets Snapshot: Markets move from defense to offense
HOWEVER, SOME SIGNIFICANT RISK FACTORS REMAIN, INCLUDING FED MOVES By Cain Brothers. The capital markets have made an important transition in early 2011, and the sentiment has shifted from defense to offense, albeit still via a conservative ground game. As the consensus view emerges that economic growth in the developed world will begin to meet […]
Companies: M&A trend: DASCO sold
DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford As a group of healthcare real estate professionals engaged in a discussion in 2010 concerning trends in their industry, one of the participants predicted that merger and acquisition (M&A) activity will continue to increase – not only among hospitals and health systems, but among companies […]
Product Focus: MOB sales rebound
2010 SECOND HALF VOLUME DOUBLES FIRST HALF By John Mugford Not since the first half of 2008 had medical office building (MOB) sales topped $1 billion in consecutive quarters. But in a strong rebound from nine consecutive quarters of somewhat anemic sales volumes, the MOB acquisition market took off in the third (Q3) and fourth […]
Industry Pulse: February 2011
CHICAGO – The consolidation trend among companies involved in healthcare real estate continues. In a deal that was announced just as this issue was going to press, Chicago-based Ventas Inc. (NYSE: VTR) entered an agreement to acquire Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP). The two companies say the deal is valued at […]
Transactions: Landmark portfolio, NorthMarq MOB
The Landmark portfolio ■ Jersey City MOB in Jersey City, N.J. This 67,831 square foot facility is on the campus of Jersey City Medical Center. The new MOB was completed in 2010, is 100 percent occupied and is on land owned by the hospital and leased to the building owner through a long-term ground lease. […]
Inpatient Projects: Hospital set for College Station, Texas
SCOTT & WHITE BUYS LAND, PLANS $165 MILLION FACILITY THAT WOULD OPEN IN 2013 By John Mugford The land is secure, plans are finalized and now construction can begin on the future five-story, 320,000 square foot Scott & White Hospital College Station, Texas. Temple, Texas-based Scott & White Healthcare recently acquired a 98-acre site on […]
Special Report: RealShare-Hospital Expansion
Are MOBs an endangered species? PROBABLY NOT, BUT PANELISTS SAY DESIGN, FINANCING, OWNERSHIP WILL CHANGE By Murray W. Wolf Will medical office buildings (MOBs) go the way of the rotary phone? Perhaps that is an exaggeration. But the way MOBs are designed, financed and owned is already changing, according to a panel of healthcare providers […]
Special Focus: Looking ahead, Part II
Future is positive, with some concerns HREI™ BOARD MEMBERS WORRY ABOUT INCREASED RFPs, ACCOUNTING CHANGES, ETC. By John Mugford Last month, we published a story highlighting potential trends in the healthcare real estate sector, as told to us by members of the Editorial Advisory Board of Healthcare Real Estate Insights™. Most of their predictions for […]
Companies (January 2011)
JLL, system partner up on real estate REAL ESTATE FIRM LANDS AGREEMENT WITH BEAUMONT HOSPITALS IN MICHIGAN By John Mugford At almost every medical office building (MOB) real estate conference a professional might attend these days, there is talk of the need for efficiency and the development of cost-effective buildings. That’s because as hospitals and […]
Publisher’s Letter (January 2011)
It’s time for tort reform BIPARTISAN BILL OFFERS SLIMMER OF HOPE Dear Reader: Healthcare real estate professional tell us that one of the biggest challenges they face is that doctors feel uncomfortable signing leases. With so much uncertainty regarding healthcare reform, reimbursement rates and other issues, physicians are understandably wary about taking on new financial […]
How to reform reform
How to reform reform HERE ARE SOME PROVISIONS THAT NEED REVISION Dear Reader: Last month, I said that the Patient Protection and Affordable Care Act, aka healthcare reform, should be repealed – and my position stands. Repeal certainly might be attainable, considering that we now have a solid GOP majority in the U.S. House, additional […]
Company Profile: Health Development Partners (July 2007)
At-risk model is at work for developer HEALTHCARE DEVELOPMENT PARTNERS GOING STRONG AT 15 YEARS, $1.6B By John Mugford It was by accident – well, sort of – that Todd Bryant got into the business of developing medical buildings two decades ago. That chance involvement led to the founding of his healthcare development firm, […]
Publisher’s Letter: It’s time for tort reform
BIPARTISAN BILL OFFERS GLIMMER OF HOPE. By Murray W. Wolf, Publisher Dear Reader: Healthcare real estate professionals tell us that one of the biggest challenges they face is that doctors feel uncomfortable signing leases. With so much uncertainty regarding healthcare reform, reimbursement rates and other issues, physicians are understandably wary about taking on new financial […]
Provider Perspective: Are MOBs an endangered species?
PROBABLY NOT, BUT PANELISTS SAY DESIGN, FINANCING, OWNERSHIP WILL CHANGE By Murray W. Wolf Will medical office buildings (MOBs) go the way of the rotary phone? Perhaps that is an exaggeration. But the way MOBs are designed, financed and owned is already changing, according to a panel of healthcare providers who tackled the issue during […]
Colony Development Partners Sells Harris Medical Park for $11.4 Million
On Campus Medical Office Building in Western NC Sold to Grubb & Ellis Healthcare REIT II Colony Development Partners, LLC, announced the recent sale of a 45,000 square foot, Class A, single-tenant medical office building in Sylva, North Carolina which had been developed by Colony Development Partners. The property sold for $11.4 million dollars to […]