Market Focus: Twin Cities: the future of healthcare?
‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]
Transactions: REIT, new to space, buys MOBs in N.C.
HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M By John Mugford In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio […]
Q & A: Making a mark at RJ|MK
WONG-HAMMOND GIVES INSIGHTS INTO HER NEW ROLE By John Mugford It’s been nine months or so since Laca Wong-Hammond was named the head of healthcare real estate at what is now Raymond James | Morgan Keegan, the large investment banking, brokerage and financial services firm. In this rather short timeframe, Ms. Wong-Hammond has certainly put […]
Transactions: ARC buys MOBs from Dallas developer
SELLER IS CADDIS PARTERS; FACILITIES ARE IN ARLINGTON, SUNNYVALE, TEXAS By John Mugford Even though health systems have not been selling medical office buildings (MOBs) with much frequency in recent years, MOBs remain on the radar screens of many real estate investors. Because of this and as a result of compressed capitalization rates for such […]
Product Focus: Topping $1 billion in Q1
MOB SALES GOT OFF TO A GOOD START IN 2012 By John Mugford Even with all of the uncertainty that had been looming over the U.S. Supreme Court’s decision upholding the constitutionality of the healthcare reform law, one thing remained certain during the first quarter (Q1) of 2012: Buyers were interested in healthcare real estate. […]
Inpatient Projects: Work started on $284M Sutter hospital
SANTA ROSA, CALIF., REPLACEMENT FACILITY WILL REPLACE A 1983 STRUCTURE By John Mugford These days, when new hospitals are planned and built they are quite often replacements for aging and inefficient facilities with too many beds. Today’s hospitals are typically smaller, sleeker, packed with the latest in medical and monitoring technology, and more user-friendly amenities […]
Transactions: Sentio, Caddis, docs buy MOB in Texas
JV PAYS $11.5 MILLION FOR 114,583 SQ. FT. PHYSICIANS CENTRE IN BRYANT, TEXAS By John Mugford A joint venture partnership of Orlando, Fla.-based Sentio Healthcare Properties Inc., Dallas-based Caddis Partners and a group of physicians in recent weeks acquired a 114,583 square foot MOB in Bryan, Texas, about 95 miles northwest of Houston. The city […]
Transactions: IRA Realty Capital buys MOB in Dallas
FIRM PAYS $25.5 MILLION FOR 85,879 SQ. FT. EYE INSTITUTE OF TEXAS BUILDING By John Mugford A joint venture led by Newport Beach, Calif.-based IRA Realty Capital has acquired an 85,879 square foot MOB in Dallas for $25.5 million, or $297 PSF. The property, known as The Eye Institute of Texas, was 81 percent leased […]
Transactions: Griffin-American buys MOBs for $52M
IN JUST TWO YEARS SINCE INCEPTION, REIT’S TOTAL PORTFOLIO HITS $715 MILLION By John Mugford. Griffin-American Healthcare REIT II went on a bit of a buying spree in recent weeks, making three separate acquisitions with five medical office buildings (MOBs) for a total price of $52.5 million. The transactions closed in the first quarter (Q1). […]
Provider Perspective: Provider panel tackles tough topics
REIMBURSEMENTS, INDUSTRY M&As, MOBs AND THE ENDLESS NEED FOR CAPITAL By Murray W. Wolf In addition to repurposing of other types of commercial real estate for healthcare use (please see “Adaptive reuse on a roll,” starting on Page 1), providers had plenty more to say at the recent InterFace Medical Office West conference in Los […]
Transactions:AW, MedProperties acquire portfolio
OWNER/OPERATOR, PRIVATE EQUITY FIRM BUY SIX MOBS IN SOUTHWEST FLORIDA By John Mugford Palm Beach Gardens, Fla.-based AW Property Co. has a goal of substantially adding to its medical office building (MOB) portfolio – up to $250 million worth – in its home state of Florida in a three-year period. At the same time, Dallas-based […]
Transactions: HTA makes big entry into Boston area
REIT ACQUIRES 13-BUILDING PORTFOLIO FROM STEWARD HEALTH CARE FOR $100M By John Mugford Greater Boston’s medical office building (MOB) market is considered a very difficult one to crack into, especially when it comes to the third-party ownership of on-campus facilities. A lack of developable land on which to build and a reluctance by many of […]
News Release: Just Closed Northside East Cobb Medical Campus
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Northside East Cobb Medical Campus. Sale Date: Sale Price: Sale PPSF: Building Size: Occupancy: YOC: March 21, 2012 $19,200,000 $277 69,341 SF 96.85% 1985, 1990, 1991 (renovated 2009) The CBRE Healthcare Capital Markets Group is pleased to announce the sale of the Northside East Cobb […]
Companies: JLL-led 410-bed hospital project done
NEW PARKVIEW REGIONAL MEDICAL CENTER HAS OPENED IN FORT WAYNE, IND. By John Mugford There were weather challenges and a labor strike to overcome, but the new Parkview Regional Medical Center in Fort Wayne, Ind., was completed a month early and was basically $11 million under budget. The 410-bed hospital project was led by a […]
Transactions: Duke Realty buys five MOBs near Cincy
REIT ACQUIRES PORTFOLIO WITH MORE THAN 109,000 S.F. – PLUS ROOM FOR MORE By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) is on an aggressive path toward bolstering its medical real estate portfolio, both through acquisitions and development. The company added to its more than 4 million square feet of medical real estate holdings […]