Publisher’s Letter (June 2008)
Dear Reader: The National Association of Real Estate Editors (NAREE) – yes, there is such a group – held a conference in Dallas last month, and I had the opportunity to attend. Dollar for dollar, the best presenter was Dr. James P. Gaines, a research economist with the Real Estate Center at Texas A&M University. […]
Industry Pulse (June 2008)
NEWNAN, Ga. – Piedmont Newnan Hospital, about 30 miles southwest of Atlanta, recently received the go ahead from the state for its Certificate of Need (CON) application to build a replacement hospital. The Georgia Department of Community Health in recent weeks approved the $193.7 million proposed project, which would be built on 105 acres near […]
News and Analysis: Tenet Portfolio (May 2008)
Tenet says the time is right JLL IS MARKETING 34 MOBS TOTALING 2.8M S.F. FOR PROVIDER By John Mugford The reasons that Dallas-based Tenet Healthcare Corp.’s (NYSE: THC) is looking to sell a portfolio of medical office buildings (MOBs) comprise the classic definition of a monetization in today’s world of healthcare real estate. For one […]
Industry Pulse (May 2008)
PRINCETON, N.J. – A late-summer groundbreaking is expected for a new, $441 million University Medical Center at Princeton (UMCP), the acute care hospital of Princeton HealthCare System. The replacement hospital is scheduled to open in 2011 in nearby Plainsboro, N.J. The hospital fundraising campaign recently received a major boost in the form of a $25 […]
Editor’s Letter (May 2008)
Dear Reader: If you think this edition of Healthcare Real Estate Insights™ looks a little different, you’re right. This month, we are pleased to unveil some new features and design changes intended to make HREI™ an even more useful tool for healthcare real estate professionals. Healthcare real estate is still a bit of an emerging […]
Editor’s Letter (April 2008)
Dear Reader: I think I can speak for everyone here at Healthcare Real Estate Insights™ in saying that we’re proud of the work we do. And while many or you, our readers, certainly offer us ideas and suggestions for making the newsletter even better – this is certainly advice that we’re open to at any […]
Project Case Study: Senior Focus (April 2008)
ASL makes entry to independent living DEVELOPER, OWNER HAS THREE PROJECTS WITH 521 UNITS UNDER WAY IN CALIFORNIA By Dan Emerson Santa Ana, Calif.-based American Senior Living (ASL) has targeted three California cities whose age and income demographics make them fertile ground for independent living communities: Tarzana and Tustin, near Los Angeles, and Daly City, […]
Industry Pulse (April 2008)
HOUSTON – Construction is set to begin this month on the $300 million Methodist West Houston Hospital. The future hospital, which is part of Houston-based Methodist Hospital System, is being built in the growing suburb of Katy, Texas, in the far western part of the metropolitan area. Plans call for a 500,000 square foot, six-story […]
Companies (April 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Transactions (March 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Industry Pulse (March 2008)
CHARLOTTE, N.C. – Charlotte-based Carolinas HealthCare System is certainly a big provider, with its 22 hospitals, 200 locations and 5,000 licensed beds throughout North and South Carolina. And now the system is about to embark on its biggest construction project ever. Carolinas received the green light from North Carolina officials in late February to proceed […]
Transactions (Febraury 2008)
Nationwide mops up MOBs in St. Louis REIT CONTINUES DIVERSIFICATION; TEAMS WITH McSHANE ON $50M PURCHASE By John Mugford Nationwide Health Properties (NYSE: NHP), a publicly traded healthcare real estate investment trust (REIT) based in Newport Beach, Calif., is continuing with its diversification toward owning more and more MOBs. As noted in an article starting […]
Industry Pulse (February 2008)
MERRIAM, Kansas – Shawnee Mission Medical Center, located in the far western suburbs of the Kansas City metro area of Missouri and Kansas, recently announced plans to buy 42 acres in the southern part of growing Overland Park, Kan., for a future hospital. The hospital campus would be developed in phases, starting with outpatient services […]
Industry Pulse (January 2008)
BIRMINGHAM, Ala. – The unfinished, massive Digital Hospital just south of Birmingham might get a life of caring for patients after all. Birmingham-based real estate firm Daniel Corp. recently agreed to pay $43.5 million for the 1 million square foot, 13-story hospital and its 103-acre site from Birmingham-based HealthSouth Corp. (NYSE: HLS). The health system […]
Transactions (December 2007)
Doc hopes to buy, convert Waco tower SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE By John Mugford A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. […]