Ventas Purchases 72 MOBs for $760 Million

In an all-cash transaction, Ventas, Inc. has acquired Cogdell Spencer Inc., and its 72 medical office buildings. With coast-to-coast presence and over 20 million SF owned or managed, this acquisition will make Ventas the leading medical office building business in the United States.

For more details: http://www.rejournals.com/2011/12/27/ventas-buys-72-mobs-for-760-million/

ARA sells Ohio manufactured housing community to Chicago company

Atlanta-based ARA, an investment advisory brokerage firm, recently sold the Greenfield Estates Manufactured Home Community in Groveport, Ohio.

Greenfield Estates is a 126-site all-ages community located within the Columbus MSA. The community sits 11 miles from downtown Columbus and is positioned on 20.6 acres.

Todd Fletcher and Andrew Shih, ARA National Manufactured Housing Group co-directors, represented the un-named special servicer in the sale of the asset. october Invsestments Properties, a Chicago-based company, purhcased the community.

Rush University Medical Center's new hospital

Rush University Medical Center on Dec. 8 will dedicate a striking new main hospital building on Chicago's Near West Side. Designed by Ralph Johnson of Chicago architects Perkins+Will and located just south of the Eisenhower Expressway, the building places a curvilinear tower for patients' rooms over a rectilinear base for diagnosis and treatment areas. The hospital is expected to achieve Leadership in Energy and Environmental Design status, recognizing its energy-saving features. The hospital opens Jan. 9.

Hospitals To Help Your Medical Practice

The cost of technology in you medical office space is a lot to cover on your own. This article by Daniel Casciato from Medical Office Today, "Can You Leverage a Hospital for Technology?" suggests that you can get help from hospitals and both take on the costs. The article discusses HIEs, talking to hospitals, and the pros and cons of sharing technology. To see the article, click here.

Be There For Your Patients

We know how busy physicians are during their work day, but as a patient we want the most personal care we can get. An article from MedicalOfficeToday.com, "Supporting Your Patients Outside Your Office," talks about how physicians can help their patients even when they can't meet with them one on one. One example the article mentions is from the Cedars-Sinai Medical Center. Their patients that have surgery must go through pre and post activities that are used to help with their success. To learn more, click here.

Spend Savings on Medical Office Buildings

Economist Gary Shilling recommends anybody’s next investment to be a medical office space. He explains his reasoning through several factors: millions of additional Americans receiving health care, increase in the work force, American’s aging and improvement in technology. Click here to read more of the article.

Design Makes a Difference

Designing medical office space may not be a physicians specialty, but it is definitely something to consider when building. Bruce Puffer from Physician's News Digest wrote an article, "Design for a new medical office," explaining some things to consider when designing new medical office space. Categories in the article include: "Location, Location, Location, Selecting a Contractor, Get the Right Input, Make Every Inch Count, Putting Your Office in Order, Individuality Has Its Place, How Much Storage Do You Really Need?, and Finishing Touches." Each category has valid information for any practice looking into building new medical office space. The section, "Make Every Inch Count," has some really interesting advice on where to place laboratory facilities in the building. To read the full article, click here.

Southwest Florida says Goodbye to High Impact Fees

Impact fees for medical office space have been cut by 70% in Southwest Florida. An article by Dick Hogan, "Contractors hope for growth revival for medical office space,"​ from news-press.com says, "Commissioners said they hope the cuts, which will cost $1 million to $2 million, will stimulate the building of medical office space." What is the current situation for medical office space in your community? Feel free to share in the comments section below. To read the full article that was mentioned above, click here.