Year in Real Estate
The city’s aging population, a drive for state-of-the-art facilities and strong hiring across the health care industry prompted unprecedented growth in leasing activity in the health care sector across the five boroughs in 2012.
Memorial Sloan-Kettering, Mt. Sinai, Montefiore Hospital and Inventa Health were among the dozens of hospitals and medical companies to announce bold new initiatives to expand their footprints in the city in 2012, and those developments are only a sign of what’s to come, brokers and analysts predict.
With the U.S. Supreme Court currently hearing arguments about the constitutionality of portions of President Barack Obama’s Patient Protection and Affordable Care Act, the healthcare industry is facing many unknowns. Marcus & Millichap’s recent Medical Office Research Report charts the effect of these unknowns on the sector. It also takes a look at who the most active buyers of healthcare assets will be in 2012.
Recently, there has been tremendous coverage of the Occupy Wall Street protests. It is obvious that this is not a political movement but merely a way for some disgruntled Americans to express their frustrations. It is unfocused and really has no coherent agenda. Ask 50 demonstrators why they are there and what they hope to achieve and you get 50 different answers.