As state agencies wait on a possible infrastructure bill from the Biden administration, many are better prepared than they were a decade ago to manage hundreds of billions of dollars in new work. The Federal Highway Administration incentivized state DOTs to...
2020 has been undeniably a devastating year for everyone and every field. The lockdowns, quarantines, social distancing, and the casualties caused by the virus has shaken humanity beyond imagination. Although the construction sector faced a significantly worst side...
The first new luxury retirement community in New York City in 20 years has opened its doors. The Watermark at Brooklyn Heights is a joint venture of Kayne Anderson Real Estate, Watermark Retirement Communities and Tishman Speyer. A lending consortium that included...
WSP USA had an emergency response team in place, a legacy from a previous acquisition. So the firm was ready when healthcare systems sought assistance to increase their capacity to treat infected patients. Within the nine-story University of Oklahoma Medical Center’s...
The American Institute of Architects (AIA) is releasing strategies and illustrations today that can help senior living communities mitigate risk of COVID-19. These resources were developed by a team of architects, AIA’s Design for Aging knowledge community, public...
The explosive growth of the global life sciences sector and the real property needs it entails have captured the attention of commercial real estate investors of all stripes. According to CBRE’s US Real Estate Market Outlook 2020, from 2014-2019, life sciences real...
Medical offices and hospitals are, by definition, places where people come first. The same principle has become the rule of thumb for design, even more so than efficiency and sustainability, which architects have traditionally prioritized when planning medical office...
Written gratitude does not feel like enough at this moment, but we want to start this piece just by saying THANK YOU to the research teams around the world. You are true heroes in a time when we need you most. Many of the researchers who work in disease testing,...
HSA PrimeCare Executive Vice President Robert Titzer points out that while the era of academic medical centers is not over, demand for smaller medical offices located in sites with good visibility and ample parking is expected to rise. What’s more, given that medical...
With demographic and social shifts fueling dramatic and ongoing growth in the healthcare industry, the need for accessible and high-quality healthcare continues to rise. Healthcare spending is the fastest growing segment of the economy, expecting to exceed $6 trillion...
Anyone who has had to take a trip to the hospital, maybe to visit a sick friend or meet a new niece or nephew, knows trying to navigate a large, complex medical campus can quickly become overwhelming. Between locked staff-only areas, hallway after hallway that look...
Every setting cues us how to behave. Is it loud and active? Quiet and intimate? Cozy or spare? Modern life bombards us with stressors. When we need services to help us cope with a mental illness, or life crisis, the design of behavioral health settings matters. It’s...
Following modest increases in construction spending for nonresidential buildings in 2019, economists from eight leading industry organizations forecast slight growth in 2020 and 2021—1.5% and 0.9%, according to AIA's latest Consensus Construction Forecast panel....
Like the first two decades of the 21st century, the healthcare industry in the 2020s will continue to be transformed by new innovations and technology. For patients and healthcare staff, these developments will be most evident in new tools, such as robotic surgical...
According to a new report from CBRE, strong fundamentals have increasingly made U.S. medical office real estate a favorite of institutional investors, keeping investment volumes at high levels and capitalization rates low this year in relation to conventional offices....
Developers are waving goodbye to empty construction costs as they place greater emphasis on the future use of projects as opposed to traditional, initial costs for materials and a layout that doesn’t maximize space usage, according to Rob Budetti, partner at AO...
What will 2020 bring in regard to new development, leasing, and financing in healthcare? That was one of the many questions tackled by panelists at the recent GlobeSt. Healthcare Real Estate Conference held here this week. In one particular panel, for example,...
The U.S. Department of Energy recently released a new Better Buildings Initiative resource, the Healthcare Financing Primer. The purpose of the resource is to help organizations take advantage of financial strategies to implement energy-efficiency projects in the...
In recent decades, our relationship with the workplace has been transformed by the tech industry, which upturned our idea of the office. Today, organizations across a spectrum of industries plan spaces that support the well-being of their employees while enjoying the...
(Bloomberg) --Best Buy Co. is well-known for bringing computers and other gadgets back to life. Now, it wants to take care of its shoppers’ health as well. The retailer’s strategy to beef up its fledgling health-care business will be a key focus of its investor...
Healthcare real estate is taking on a new look. In addition to incorporating homey, residential designs, new healthcare facilities are incorporating more natural elements with plants, natural shapes and water features. Known as biophilia, natural design elements can...
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