Industry Pulse: November 2008
CALIFORNIA – On Nov. 4, voters across the country chose Barack Obama as their next president, and in California voters approved Proposition 3, a huge measure that will provide $980 million for capital improvements at children’s hospitals across the state. The measure provides funding for construction projects, expansions and renovations at eight not-for-profit children’s hospitals […]
Industry Pulse (October 2008)
ATLANTA – Even though Piedmont Healthcare of Atlanta has been wracking up plenty of capital building projects and hospital acquisitions in recent years, the system recently announced that it is launching an even more expansive growth plan. The system revealed in September that it plans to spend $525 million over five years to build new […]
Transactions: Grubb & Ellis buys two MOB portfolios
HEALTHCARE REIT ACQUIRES SEVEN MEDICAL OFFICE ASSETS FOR $77 MILLION By John Mugford During a time when medical office building (MOB) sales are slowing because of the current commercial credit crunch, Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT acquired two MOB portfolios in September with a total of about 404,000 square feet of space. […]
Transaction (September 2008)
Baptist buys land for hospital in ‘Bama HEALTH SYSTEM PROPOSING 140-BED HOSPITAL IN HOOVER, NEAR BIRMINGHAM By John Mugford Like putting together a puzzle, Birmingham, Ala.-based Baptist Health system recently completed its third and final land acquisition needed to build its proposed 140-bed hospital in Hoover, Ala., a town of about 70,000 people. Baptist paid […]
Publisher’s Letter (September 2008)
Seeking transparency NIC SPEAKER’S CHALLENGE SEEMED FAMILIAR Dear Reader: Earlier this month, I attended the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. One of my biggest “gee whiz” moments was during the keynote speech by real estate consultant Peter D. Linneman, a professor of […]
News & Analysis: Cogdell Spencer JV
Cogdell ready to roll $350M JV FORMED WITH NORTHWESTERN MUTUAL By John Mugford For Charlotte, N.C.-based Cogdell Spencer Inc., the idea behind acquiring the country’s largest healthcare design/build firm earlier this year was to fuel growth by offering additional services to clients and expanding its platform nationwide. It was in March when publicly traded Cogdell […]
Industry Pulse (September 2008)
NEW YORK – There seem to be fewer large medical office building (MOB) portfolios on the market these days, the prices of the assets that are available are relatively high, and the challenging capital environment seems to have put a bit of damper on some MOB new developments. So it’s probably not surprising that some […]
Industry Pulse (August 2008)
SEATTLE – Swedish Health Services might be the dominant healthcare provider in the Seattle environs, but four area hospitals are making a legal effort to stop the system from making further inroads in the marketplace. The hospitals have their sights set on overturning a 2007 administrative judge’s ruling that paved the way for Swedish to […]
Editor’s Letter (August 2008)
Deals are slowing, for now BUT HOSPITALS CONTINUE TO BUILD AND EXPAND NATIONWIDE Dear Reader: On the surface, the latest statistics once again show that the volume of medical office building (MOB) sales transactions continues to outperform general office. We write about this in our front page article entitled, “Volume drops for MOBs.” While the […]
Editor’s Letter (July 2008)
Industry leaders on the move MEMBERS OF OUR EDITORIAL BOARD PURSUE NEW VENTURES Dear Reader: A few of the members of our Editorial Advisory Board recently made job changes. This might not seem like big news on the surface, but because the members of our editorial board are indeed among the leaders of the healthcare […]
News and Analysis (July 2008)
Grubb goes to town HEALTHCARE REIT MAKES BUYS FOR $256M By John Mugford Don’t worry about whether Grubb & Ellis Healthcare REIT Inc. can wade through the current commercial lending crunch and slow economy. The Santa Ana, Calif.-based real estate investment trust (REIT) that focuses on healthcare properties went on a bit of a buying […]
Industry Pulse (July 2008)
BULLITT COUNTY, Ky. – A turf war is officially brewing in growing Bullitt County, south of Louisville. Two healthcare systems are now planning to build acute care facilities in the hospital-less county. The latest to announce such plans is Brentwood, Tenn.-based LifePoint Hospitals Inc. (Nasdaq: LPNT), which would like to build a 60-bed hospital. The […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Transactions (June 2008)
Ohio provider buys MedCath hospital GOOD SAMARITAN PAYS $55 MILLION FOR COMPETITOR, DAYTON HEART HOSPITAL By John Mugford “If you can’t beat ‘em, buy ‘em.” That’s the strategy recently employed by Good Samaritan Hospital in Dayton, Ohio, which in May closed on the acquisition of one of its major cardiovascular competitors. Good Samaritan, a 577-bed […]