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Real Estate Bisnow
   
January 10, 2013 
 
 
Uncool MOBs Risk Failure

Lincoln Harris sponsored our annual Healthcare event this morning. It’s a fully integrated real estate services company that yields superior solutions and maximizes the value of corporate real estate assets. Find out more here.

 

This morning, more than 400 joined us for our third annual Healthcare Real Estate Summit, where we learned doctors in medical office buildings that's aren't affiliated with big healthcare systems may be in for rough ride. It's like being part of the cool clique in school, only more profitable.

 

Healthcare REIT's Mike Noto (with other panelists) explained the gap in cap rates for MOBs affiliated with a health system versus unaffiliated properties populated by a bunch of doctors. Establishing a relationship with a health system gives that property some street cred (we may have paraphrased). There’s a whole lot more to tell you, so come back on Monday and Tuesday and we'll give you the rest of the story.

 
Bisnow (Legos) JDFW

Walsh Ranch Update

 
Stacey Jandrucko

Lots go on sale this September as Phase 1 of Fort Worth’s Walsh Ranch 7,200-acre mixed-use project targets a spring 2014 opening. At the Fort Worth CREW luncheon yesterday, Walsh Ranch real estate director Stacey Jandrucko said the site could have around 15,000 single-family homes and another 3,000 or so multifamily units. The first phase, on 113 acres, will have 124 lots with home prices in the $350k to $375k range. Cool factor: the 75-acre Walsh Ranch Tree Farm, which was established in 2007 so the 16,000 trees that would be planted across the former ranch could get acclimated to the soil in which they’d be growing.

Wilson Martin and Rick Jenkins

Republic Title SVP Wilson Martin and Texas Exchange Bank EVP Rick Jenkins, who partner on a number of deals, tell us homebuilders are looking for lots, but the best ones are taken (in dating and homebuying), and the remaining lots aren’t in demand. Wilson says the availability of lots in Walsh Ranch should help.


Jones Lang LaSalle Sees Land, Lotsa Land

 
Terry Darrow

Jones Lang LaSalle Dallas managing director of industrial supply chain & logistics Terry Darrow says that in the South Dallas market, land is available. As a result, Terry spends his day matchmaking eager users and sizzling properties. His current favorite rendezvous is Dalport Trade Center (acquired on behalf of First Industrial Realty, where Terry spent time a senior development officer). On 56 acres sits a 760k SF spec building (housing Continental Title, among others). JLL also sold 57 acres to Whirlpool, home of its 1M SF regional distribution center. An improving market still presents challenges: clients often don’t understand how they can’t get as many “freebies” as they received 18 months ago, and landlords are no longer “giving away the farm.” Look at the bright side: all this means a healthier, growing market. For more info on our sponsor, click here.


Why This Year Will Be Better
 
Ken McCarthy and Glenn Rufrano

2013 will bring less uncertainty than last year, with the Americas’ investment volume forecasted to grow 15% to nearly $311B, reports Cushman & Wakefield CEO Glenn Rufrano, right, whom we snapped with C&W economics guru Ken McCarthy Tuesday in New York. Ken says slow growth will remain the norm nationally. Only five cities have recovered more jobs than they’ve lost in this recession; Dallas clocks in at No. 5 with nearly 108%, following Houston’s whopping 178%, DC, New York, and San Jose.


Great Causes

 
Caroline Hurley and Mary Stoner Yost

More than 300 young professionals joined in the efforts to raise more than $14k for the Red Cross as part of the American Red Cross YPA Wrapped in Red Holiday fundraiser last month. Here’s SRS' Caroline Hurley (event chairwoman/YPA prez) and Colliers International EVP Mary Stoner Yost (the honorary chairwoman).

 
Stephanie Perkins, Breanna Bouchard and Melissa Hodges

Leadership at Henry S. Miller Brokerage challenged employees and associates this year to raise funds for Dallas’ Family Gateway by matching and exceeding the donation total. The Miller “Gives Back” effort raised enough money to fulfill the Christmas wish list for a family of four. HSM also presented a check to Family Gateway for an amount exceeding that raised by the HSM staff. Here’s HSM office-industrial coordinator Stephanie Perkins, Family Gateway’s Breanna Bouchard, and HSM VP Melissa Hodges.

 

It was today in 1984 that sweet little old lady Clara Peller first asked "Where's the Beef?" What's your catchprhase? tonie@bisnow.com

 
 
 
 
ML Realty (JanWk2) DFW
 
Billingsly (Gramercy)
 
NewAcre (300k) DFW
 
Arent Fox (REI) DFW
 
Reznick (CohnDebut) DFW
 
Microsoft (Share)
 
Bisnow (Sales)
 
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