Industry Pulse (March 2007)
SAN DIEGO – On the West Coast, Bob Rosenthal is considered a guru – perhaps the guru – of medical office building (MOB) development, as it has been his sole concentration for 35 years of his career. Recently, Mr. Rosenthal announced that he is retiring as the president and managing principal of San Diego-based […]
Transactions: 2006 and Q4 MOB Report (Febuary 2007)
MOB investment might change in 2007 REAL CAPITAL ANALYTICS FORESEES REGIONAL VARIATIONS, MORE DEVELOPMENT By Murray W. Wolf At first glance, 2006 appeared to be the same old story for medical office building (MOB) investors: rising prices per square foot and falling capitalization rates. In fact, that has been the consistent theme since […]
Industry Pulse (Febuary 2007)
CLEVELAND – Hillcrest Hospital in Cleveland, part of the Cleveland Clinic system, recently announced plans for a five-year, $163 million campus expansion and renovation. The construction project at the 424-bed facility would be the largest investment Cleveland Clinic has made at one of its nine hospitals, part of the Cleveland Clinic Regional Hospitals division. The […]
Transactions: Quarterly MOB Report (January 2007)
MOB prices still rising, caps still falling Q3 2006 SALES TRANSACTION DATA INDICATES A CONTINUATION OF THOSE TRENDS By Murray W. Wolf When it comes to medical office buildings (MOB), comprehensive information about national transactions is hard to come by. For example, if you conduct searches for MOB deals using CoStar Group Inc. […]
News & Analysis/Page 1: Rendina-Windrose deal (January 2007)
Rendina, HCN strike big deal SALE OF 18 MOBs TO SPUR FURTHER GROWTH FOR RENDINA By John Mugford Folks involved in healthcare real estate say their business is heavily relationship-driven – perhaps more so than many others. A fine example of this can found in a recent medical office building (MOB) portfolio transaction between Palm […]
Industry Pulse (January 2007)
Firm was an MOB pioneer MEDICAL OFFICE PROPERTIES INC. WAS AHEAD OF ITS TIME By Jessica Griffith Today, investors from pension funds to real estate investment trusts (REITs) view medical office properties as a solid niche in which to sink some equity. But a decade ago, few outside the healthcare community wanted to own buildings […]
Industry Pulse (January 2007)
MEMPHIS, Tenn. – Methodist Le Bonheur Healthcare of Memphis recently submitted applications for two major construction projects to the Tennessee Health Services and Development Agency (HSDA). The first is for the construction of a $327 million replacement hospital for Le Bonheur Children’s Medical Center near downtown Memphis. The second is for a $124 million, 100-bed […]
Industry Pulse (December 2006)
LOS ANGELES – University of California (UC) Regents recently approved an additional $308 million for the completion of two projects that are part of UCLA’s healthcare system. The funding will be used to complete the under-construction Ronald Reagan Medical Center on the UCLA campus in Westwood and to complete the future 172-bed Santa Monica-UCLA Medical […]
News & Analysis: Trammell Crow (November 2006)
‘Status quo’ for Crow TRAMMELL’S SALE COULD AID HEALTHCARE UNIT By John Mugford “Mega” is certainly a good way to described CB Richard Ellis Group’s pending mega-acquisition of Dallas-based Trammell Crow Co. The estimated $2.2 billion transaction is expected to close in late 2006 or the first quarter of 2007. But when it […]
Industry Pulse (November 2006)
NEWPORT BEACH, Calif. – As press time approached, Healthcare Real Estate Insights™ learned that massive Health Care Property Investors Inc. (NYSE: HCPI) has entered an agreement to gain full control of a portfolio of medical office buildings (MOBs) it has owned jointly with GE Healthcare Financial Services for the past several years. According to a […]
News & Analysis: MOBs (October 2006)
Can cap rates keep falling? YES, AT LEAST FOR Q2; AVERAGE MOB PSF RISES TO $221 By John Mugford Just when many folks involved in medical office building (MOB) sales figured cap rates were finally starting to level off, recent statistics show they continued on their steady decline into the second quarter of […]
Industry Pulse (October 2006)
MEMPHIS, Tenn. – Methodist Healthcare of Memphis recently announced plans to seek a Tennessee Certificate of Need (CON) approval for a major expansion of its main facility and a replacement for its children’s hospital. Together, the two projects would have a total cost of $451 million. The larger of the two projects would be the […]
Industry Pulse (September 2006)
BOSTON – Tufts-New England Medical Center and New England Baptist Hospital, both based in downtown Boston, plan to build a suburban hospital with up to 190 beds and a $300 million price tag. Both hospitals are affiliated with the Tufts University School of Medicine. The hospitals have not yet named a specific location. The project […]
Q&A: Joe Kurzydym of Lillibridge (August 2006)
By Murray W. Wolf Joe Kurzydym is an executive vice president (EVP) and the chief financial officer with Lillibridge, a Chicago-based healthcare real estate firm that owns or manages 10 million square feet of medical properties for more than 250 hospitals and health systems in more than 40 states. Headed by namesake president and CEO […]
News & Analysis: (August 2006)
M&O nabs Novant portfolio MEADOWS & OHLY ACQUIRES EIGHT MOBs FOR $121.7 MILLION By John Mugford As expected, interest was extremely keen for a portfolio of five Class A medical office buildings (MOBs) offered for sale in recent months by Novant Health Inc., a growing, eight-hospital system based in Winston-Salem, N.C. After receiving offers […]