NEWPORT BEACH, CA-Sanford Smith, a senior vice president at Hoag Memorial Hospital Presbyterian, gives us an update from the end-user side on medical office management and development. The sector has performed well in the recession because of the aging population, among other factors. Smith spoke with GlobeSt.com's Bob Howard at the recent RealShare Orange County conference.
The two also touched on:
"Irrational exuberance" in the medical office sector.
Why lease structures and design could change in the sector.
The challenges of making commercial real estate acquisitions in this environment.
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