Healthcare Uncertainty Trickling Down to Real Estate

Roherty: “I think most of the health groups are looking at patients as more along the lines of clients, and they need to retain them.”

SAN DIEGO—Lack of certainty due to Obamacare and its possible repeal is causing doctors to pause before buying buildings or planning expansions, which is the biggest challenge to developers as well, Pacific Building Group’s president Jim Roherty tells GlobeSt.com. As we previously reported, the firm has been awarded a 63,000-square-foot medical-building project in El Centro, CA,. by developer Pacific Medical Buildings.

The project will begin construction early this summer and serve tenants Clinicas and Imperial Valley Family Care Medical Group. In addition to the two-story building, the facility will include an 8,000-square-foot ambulatory surgery center and 405 parking spaces. The exterior will showcase tilt-up concrete panels and glass materials as well as sunshades and a large, welcoming walkway. PBG will coordinate all pre-construction, scheduling, cost control and communication efforts, working with Pacific 33 Architects Inc., Nadel Architecture and Javier Diaz Architects to complete the project.