Health care

Modern Medicine: How Fundamental Health Care Changes are Reshaping the Medical Real Estate Game

Doctors at Memorial Sloan-Kettering. (Credit: abcnews)

Several months ago, I unearthed a clock radio from an old box of belongings and set it up in my bathroom so I could rock out to some tunes as I showered before work. 

At times, I was slightly amused by the segues of deejay banter, but the in-your-face commercials slinging everything from car insurance to pet food were less charming. 

An ad about a cancer survivor who had achieved her dream of having children after receiving the best, most convenient care at a particular outpatient cancer treatment facility at first struck a chord, but by the fifth or sixth iteration, it admittedly grew tiresome, and I retired that particular station altogether. Read More

Accounting 2013

Exempt: Real Estate Pros and the So-Called Medicare Tax

Rubber-Stamp

Somewhat lost in the welter of caterwauling and chaos surrounding the Affordable Care Act rollout was a 3.8 percent tax on certain investment income that included real estate and exempted qualified real estate professionals.

Congress passed the so-called Medicare tax in 2010, and it went into effect on Jan. 1 of this year. It applies to individuals with adjusted gross incomes above $200,000 and joint returns with an AGI of more than $250,000. Capital gains on the sale of a primary home totaling less than $250,000 for an individual and $500,000 for joint filers are still exempted. But the Medicare tax has ruffled feathers even if it affects a small and affluent group of people and transactions.  Read More

Year in Real Estate

In 2012, Hospitals Expand Real Estate Footprints, from Brooklyn to Harlem

New York City Exteriors And Landmarks

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. Read More

Mortgage Beat

Medical Office Big Among Private Investors in 2012

doctor-symbol

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. Read More

concrete thoughts

Jobs, Jobs, Jobs: The American Jobs Act, Keynesian Economics, Occupy Wall Street and More

Blitt - Bob Knakal

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. Read More