Company Profile: Archway making its way in MOB space
BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES By John Mugford Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters. However, one company making […]
Transactions: ProMed takes MOB space over hospital
INVESTOR PAYS $21.75M FOR LEASEHOLD INTEREST IN FOUR FLOORS IN BALTIMORE By John Mugford ProMed Properties, which has been an active buyer of medical office buildings (MOBs) in the eastern part of the country in recent years, has landed an acquisition in the Baltimore market. There, the North Miami Beach, Fla.-based wholly owned subsidiary of […]
News & Analysis: MOB’s PSF breaks record
IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT By John Mugford In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession. Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it […]
Transactions: Health Care REIT buys MOB for $46.5M
THE 147,225 SQUARE FOOT WALDEMERE MEDICAL PLAZA IS IN SARASOTA, FLA. By John Mugford One of the key outpatient buildings on the campus of Sarasota Memorial Hospital in the oceanside town of Sarasota, Fla., recently changed hands. In a very substantial price for a transaction involving a single building, Toledo, Ohio-based Health Care REIT Inc. […]
Transactions: Griffin-American hits $1 billion in value
RECENT ACQUISITIONS ENABLE UNLISTED REIT TO REACH INVESTMENT MILESTONE By John Mugford Showing that it is willing to acquire a variety of healthcare real estate property types, Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. recently completed acquisitions of three Los Angeles area hospitals and three MOBs in Texas and Georgia. The unlisted REIT paid […]
Industry Pulse: November 2012
SCOTTSDALE, Ariz. – Most health-care real estate (HRE) professionals probably wouldn’t be big fans of a company that sells online medical consultations. After all, more virtual doctor visits would presumably mean fewer in-person doctor visits, reducing demand for bricks and mortar medical office buildings (MOBs) and other healthcare facilities. So, when the CEO of MeMD […]
Companies: PMB, Erdman finish California clinic
124,000 S.F. MOB CONSOLIDATES PROVIDERS FOR FACEY MEDICAL IN MISSION HILLS By John Mugford As the 90-year-old, Mission Hills, Calif.-based Facey Medical Group continued to grow in recent years,
Outpatient Projects: Rendina starts cancer center in Va.
FIRM’S EXECUTIVES SAY PERSONAL EXPERIENCES MAKE THIS PROJECT SPECIAL By John Mugford A $10 million cancer center being developed by Jupiter, Fla.-based Rendina Cos. is under way on the campus of Southside Regional
Transactions: ARC Healthcare gets MOB in Michigan
UNLISTED REIT PAYS $30.43 MILLION FOR OFF-CAMPUS PROPERTY IN PAW PAW By John Mugford In today’s medical office building (MOB) transaction arena, aggressive pricing is the norm when it comes to the sales of high-quality facilities with strong lease terms and tenants with good, perhaps hospital, credit. In fact, professionals involved in healthcare real estate […]
Transactions: Archway Holdings buys Arizona MOB for $20 million
By John Mugford GLENDALE, Ariz. – Nearly everyone involved in healthcare real estate is talking about the onslaught of new buyers, or interested buyers, that are combing the market for well-leased MOBs with strongly credited tenants these days. One of the relatively new, active investors certainly looks to be Beverly Hills, Calif.-based Archway Holdings Corp., […]
Transactions: Griffin-American pays $51M for MOBs
BUILDINGS LOCATED IN KNOXVILLE, ON CAMPUS OF FUTURE PROTON FACILITY By John Mugford Prolific healthcare real estate investor Griffin-American Healthcare REIT II Inc., an unlisted real estate investment trust (REIT), recently acquired two medical office buildings (MOBs) on the campus of a future proton beam therapy facility in Knoxville, Tenn. The Newport Beach, Calif.-based REIT, […]
News & Analysis: HCP making $179M buy
REIT ACQUIRING 12 PROPERTIES FROM THE BOYER CO. By John Mugford For a while, Long Beach, Calif.-based HCP Inc. (NYSE: HCP) was not making many headlines when it came to acquiring medical office buildings (MOBs). The publicly traded real estate investment trust (REIT) has quite a diverse, $19 billion portfolio that spans 46 states and […]
Transactions: Details dribbling out on HCN MOB buy
HEALTH CARE REIT BOUGHT A DOZEN MOBs FROM A PAIR OF TEXAS DEVELOPERS By John Mugford and Murray W. Wolf This could be the best-kept secret in healthcare real estate – or at least it was. In what might end up going down as one of the larger transactions of 2012, Toledo, Ohio-based Health Care […]
Provider Perspective: Resuscitating real estate
EXECS TALK OF TRENDS AFFECTING SYSTEMS By John Mugford Buzzwords abound in every industry, creating a notion that if one can simply stay on top of the latest trends and implement the newest innovations, success is likely to follow. In the healthcare real estate development sector, current buzzwords have to do with “repurposing” other property […]
Market Focus: Retail sites sizzling in the Twin Cities
PROVIDERS SEEM SOLD ON REDEVELOPED AND REPURPOSED STORE LOCATIONS By Murray W. Wolf and John B. Mugford Call it the MOB at the MOA. A major medical office building (MOB) has been proposed as part of a planned expansion of the 4.2 million square foot Mall of America (MOA) in the Minneapolis suburb of Bloomington, […]