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...
As Telehealth Reshapes Patient Care, Space and Design Needs Become Clearer
Last Spring, construction began on a 16-story, 151-room tower at 139 East 56th Street in New York, which when completed in early 2020 will be Midtown Manhattan’s first purpose-built assisted living and memory care community. The building—designed by SLCE and...
We’ve Entered the Golden Age of Brain Science, but What Does It Mean for AEC Firms?
The human brain remains one of the great mysteries of our time. This remarkably complex biological structure employs billions of nerve cells and even more connection points to execute every thought, movement, function, and emotion in our bodies. All humans are...
Medical Office Construction Isn’t Keeping Pace With the Aging of America
By 2025, there could be 65.2 million people in the U.S. aged 65 years old and up, compared to 47.7 million in 2015. That increase would be exponentially higher by percentage than the growth for Americans under 64, and would put seniors ever closer to 20% of the...
Beaumont to Invest $30M in Dozens of Urgent Care Centers
Beaumont Health said Wednesday that it plans to invest about $30 million in urgent care centers in Metro Detroit by the end of 2019. The Royal Oak-based health care system is partnering with Atlanta-based WellStreet Urgent Care to jointly operate 30 Beaumont...
Here are the Life Sciences Markets that Topped JLL’s Rankings
A look at the top 16 life sciences clusters in the U.S., including some key stats from JLL’s report. Research and development for new medicines is a never-ending quest. Much of this activity in the U.S. is taking place in key hubs across the nation. JLL’s...
Medical Office Bringing In New Kinds of Investors
The buying spree in the medical office sector continued through the first half of 2018, with $1.87 billion in sales nationally, according to a mid-year medical office report from Avison Young’s Chicago office. There were 160 properties sold, totaling 6.48 million...
How Hospitality Design Makes Spaces of All Types Better for Users
Across every market, be it healthcare, education or business, people are understanding design in much more sophisticated ways. Fueled by growing consumerism and shifting generational preferences, people expect better experiences at the hospital, in a college student...
Healthcare Market Trends 2018: Health Systems get Leaner, More Resilient
Faced with the complexities of value-based payment models and the uncertainties surrounding healthcare reform, the nation's healthcare delivery systems are taking the long view of their operations. “They're looking at everything from organizational structures,...
Design-Build to Deliver Almost Half of US Projects by 2021
Design-bid-build (DBB) is the most widely used project delivery method in the United States, according to the Lean Construction Institute of America and other groups. Under this method, an owner contracts separately with a designer, who provides complete design...
Nearly Half of Non-Residential Construction Projects Now Delivered by Design-Build
New research by FMI shows that nearly half of non-residential construction projects are being delivered by the design-build method. Design-build is the fastest growing and most popular method to deliver nonresidential, highway/street, and water/wastewater construction...
Diving Deeper into the Skilled Nursing Sector
The mission of the National Investment Center for Seniors Housing & Care (NIC) is to help ensure that a greater number of America’s seniors have access to quality housing, care and services, thereby enabling them to live meaningful, purposeful lives. We accomplish...
Sound Health: How Tranquility Rooms can Heal Caregivers
In hospital environments, staff can be inundated with noise—loud sirens, patients in pain, machines beeping—it’s a reflection of policies and regulations creating a dehumanized healthcare experience. But sound—through multisensory environments like the “Tranquility...
Institutional Capital, New Development Driving MOB Investment
Heitman's recent purchase of 17 medical office buildings totaling 1.4 million square feet in seven states, one of the largest MOB portfolio sales of recent years, is just the latest example of rising investor interest in an alternative asset class that some analysts...
Three Trends Shaping Labs of the Future
Shorter research and development (R&D) timelines, ongoing cost pressures and sudden shifts in research priorities are driving new trends in lab design and location. Flexible space and access to talent are the keys to agile R&D, according to a new report from...
Institutional Investors Work Harder to Boost CRE Returns
Institutional investors looking to outperform industry benchmarks are bracing for bigger challenges ahead due to rising interest rates, fewer transactions and a lower trajectory for appreciation and NOI growth. Institutional investors remain disciplined in their...
Aging Population Driving Medical Office Demand in U.S.
According to CBRE's recently released 2018 U.S. Real Estate Market Outlook, the aging U.S. population will be a significant tailwind for medical-office demand in the years ahead. "We expect demand for medical office buildings to grow, fueled by a shift away from the...
Smart Building Tech Can Reap Utility Savings of 8% to 18% in Commercial Buildings
Smart building technology is producing energy savings of 8% to 18% in the commercial building sector, according to a new report by the American Council for an Energy Efficient Economy. While large showcase buildings have been the first to deploy smart building...
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