Publisher’s Letter: Thanks for the feedback
READER SURVEY COMMENTS WILL HELP US IMPROVE By Murray W Wolf Dear Reader: At the risk of blowing our own horn, I am delighted to report that nearly 94 percent of the respondents to our recent reader survey gave Healthcare Real Estate Insights™ an overall rating of “excellent” (67 percent) or “good” (28 percent). Many […]
News & Analysis: HCN expects asset sales
REIT’S THREE-YEAR BUYING BINGE COULD BE OVER By Jessica Griffith Health Care REIT Inc. added 25 skilled nursing facilities and five specialty care centers to its investment portfolio during the second quarter. But, the company does not plan to purchase a significant number of buildings during the second half of 2005. “We could end up […]
Industry Pulse: August 2005
MILWAUKEE, Wis. – New details have emerged in Columbia St. Mary’s plan to consolidate two Milwaukee medical campuses. Plans call for a new $417 million, 513-bed replacement hospital to be called Columbia St. Mary’s Lake Drive Hospital. It will be built at the site of the current Columbia St. Mary’s Milwaukee Campus. The existing 237-bed […]
News & Analysis: Pacific closes the book on CHW deal
FIRM ACQUIRES THE LAST SIX PROPERTIES THAT WERE PART OF 2003 AGREEMENT By John Mugford Pacific Medical Buildings (PMB) has closed the book on its 2003 deal to acquire more than 1 million square feet of medical office space from Catholic Healthcare West (CHW) with the acquisition of six more buildings. The San Diego-based medical […]
News & Analysis: HCP to sell more MOBs
38 ASSETS ARE ON THE MARKET, SOURCES SAY By John Mugford There is talk among healthcare real estate insiders that the days of seeing large medical office building (MOB) portfolios put on the sale block are becoming fewer and farther in between – and there is some evidence to support that contention. However, Healthcare Real […]
Industry Pulse: July 2005
HOUSTON – Methodist Hospital System of Houston recently sketched plans for more than $1 billion in expansion projects over a 10-year period. The work would be done at four hospitals owned by the system. Planned projects include: a $250 million, 500,000 square foot outpatient center at Methodist Hospital in Houston; a $150 million, 220-bed expansion […]
News & Analysis: Lillibridge buys 10 MOBs from SSM
REIT ALSO SIGNS SEPARATE DEAL TO PROVIDE SERVICES TO PROVIDER ALLIANCE By John Mugford After acquiring a seven-building medical office building (MOB) portfolio in March and a healthcare real estate development firm in April, Lillibridge was at it again in May. The private Chicago-based health-care real estate investment trust (REIT) announced last month that it […]
News & Analysis: More small MOB deals?
Q1 SAW MORE TRANSACTIONS, LESS DOLLAR VOLUME By John Mugford There seems to be a growing sense in the medical office sector that big deals are becoming harder to come by and that the market is seeing more – but smaller – transactions. While it might be too soon to call that a sustained trend, […]
Industry Pulse: June 2005
BIRMINGHAM, Ala. – Baptist Health System (BHS) has engaged a New York investment bank to assist in the sale of seven medical office buildings (MOBs) totaling 480,690 rentable square feet. Three of the MOBs are on the not-for-profit system’s flagship Princeton campus, two are on its Montclair campus and two are off-campus, according to Philip […]
News & Analysis: JV partners pay $80 million+ for MOBs
CROW UNIT AND INSTITUTIONAL PARTNER BUY BREMNER & WILEY ASSETS By Murray W. Wolf In a transaction valued at more than $80 million, a wholly-owned subsidiary of Trammell Crow Co. (NYSE: TCC) has teamed with an institutional partner to make its first acquisition: seven Indianapolis medical office buildings (MOBs) totaling 463,000 square feet. PHT Investment […]
Publisher’s Letter: Weird medical news II
MORE STRANGE STORIES FROM OUR INDUSTRY By Murray W Wolf Dear Reader: Several months ago, this space was devoted to strange stories from the world of healthcare real estate. (Please see “Weird medical news” in the September 2004 edition of Healthcare Real Estate Insights™.) Now come two more odd tales. First, the Sacramento (Calif.) Bee […]
News & Analysis: REIT acquires developer
LILLIBRIDGE ADJUSTS TO SHIFTING MARKET By John Mugford The market for third-party acquisitions of medical office buildings (MOBs), which has been red-hot during the past few years, seems to be seeing a bit of a pullback, according to some industry observers. On the other hand, some say demand for third-party development of MOBs is on […]
Industry Pulse: May 2005
EVERETT, Wash. – Providence Everett Medical Center recently cleared a major hurdle in its plans for a $450 million expansion project when local officials approved the hospital’s request to move or demolish existing houses. Providence Everett’s overall expansion includes a cancer center, a new hospital tower, a second tower that would replace current facilities and […]
News & Analysis: Moratorium discussed in Wisconsin
SOME BLAME RISING HEALTH COSTS ON TOO MUCH HOSPITAL CONSTRUCTION By John Mugford Efforts to enact a moratorium on new hospital construction in Wisconsin failed in 2002. But the idea recently resurfaced with some Wisconsin politicians talking about the possibility of an 18- to 24-month statewide ban. Their stated goal was to give lawmakers time […]
Publisher’s Letter: Thanks for the reminder
NOT EVERY SYSTEM WANTS TO OUTSOURCE MOBs Murray W Wolf Dear Reader: A lot has been written during the past few years – much of it by us – about the trend toward third-party development and ownership of medical office buildings (MOBs). Given the apparent advantages of this strategy, one might jump to the conclusion […]