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The recent ULI reports demonstrate the focus on healthy living spaces with wellness extending beyond to the workplace, as companies increasingly pay more attention to employee well-being.
The building is presently divided into three units that are leased to two tenants, and a portion of the site is also leased to Omnipoint for the location of a cell tower.
Panelists at RealShare Healthcare say that while skilled nursing facilities have struggled to remain profitable, they remain a part of healthcare's universe and “need to step up” and have better communication with hospitals and downstream partners.
Established by Congress in the Tax Cuts and Jobs Act of 2017, Opportunity Zone legislation is a community development program to encourage long-term investments in low-income US communities.
"Most of the value-add product still has a demonstrable gap to the newer product, allowing for these opportunities to invest in improvements,” says CBRE's Ted Abramson.
A panel discussion seeking solutions on affordable housing with public-private partnerships and community input anticipates greater tenant activism with the new State Senate.