Healthcare Real Estate

The medical office space is growing increasingly competitive, and a major quality tenant can be integral to the success of a building.

“New Jersey historically has been a life science hub, and the industry continues to play a major role in the state's economy,” says Jason Price, director, Cushman & Wakefield's Tri-State Suburbs Research.

The healthcare sector has seemingly recovered from a slew of major-provider layoffs in 2017, and more than 130,000 square feet of medical office space was delivered in Q4 2018, with more developments on the way.

The revised branding plan strengthens the IMD's mission to promote the nation's second largest urban healthcare innovation district.

In connection with the merger deal, Birmingham, AL-based Medical Properties Trust, Inc. reports it has entered into definitive agreements to acquire 11 Australian hospitals from affiliates of Healthscope Ltd. for approximately $859 million, and lease the acquired real estate back to Healthscope.

In the U.K., Avison Young now has 18 offices and 1,600 employees working with clients on the transaction and consultancy sides of the real estate brokerage business.

Sage at Mattison Estates will be "next stage senior living" with a focus on holistic aging.

With strong leasing activity and rental rate growth this year, the Phoenix medical office market is poised to see an influx of investment capital in 2019.