Wouldn't it be convenient if someone had clear, intelligent answers to most of your CRE-related questions? Problem solved. Nina J. Gruen, a.k.a. Ms. Real Estate, a.k.a. the principal sociologist overseeing market research and analysis at Gruen Gruen + Associates, is here to answer readers' questions. Have a question for Ms. Real Estate? Ask anonymously by clicking here. Dear Ms. Real Estate, —Weighing My Need for an Anchor Plan B
Dear Plan B, On the other hand, if the entire center is not doing well, you might want to consider a change of use, in which case having the anchor's lease coming due within the next 18 months will be a major benefit. One option is a medical center that will also include office-related medical uses. With the increase in the number of insured patients through the advent of Obamacare, there will be an increasing demand for a wide range of medical facilities in the 'burbs, closer to the population base. Such facilities not only provide more convenience to the patients, but at far less cost than can be provided by more distant hospital facilities. Wouldn't it be convenient if someone had clear, intelligent answers to most of your CRE-related questions? Problem solved. Nina J. Gruen, a.k.a. Ms. Real Estate, a.k.a. the principal sociologist overseeing market research and analysis at Gruen Gruen + Associates, is here to answer readers' questions. Have a question for Ms. Real Estate? Ask anonymously by clicking here. Dear Ms. Real Estate, —Weighing My Need for an Anchor Plan B
Dear Plan B, On the other hand, if the entire center is not doing well, you might want to consider a change of use, in which case having the anchor's lease coming due within the next 18 months will be a major benefit. One option is a medical center that will also include office-related medical uses. With the increase in the number of insured patients through the advent of Obamacare, there will be an increasing demand for a wide range of medical facilities in the 'burbs, closer to the population base. Such facilities not only provide more convenience to the patients, but at far less cost than can be provided by more distant hospital facilities.Want to continue reading?
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Nina J. Gruen
Nina J.Gruen has been the Principal Sociologist in charge of market research and analysis at Gruen Gruen + Associates (GG+A) since co-founding the firm in 1970. Ms. Gruen applies the analytical techniques of the social sciences to estimating the demand for real estate and to understanding the culture of the groups who determine the success of development, planning, and public policy decisions. She is a pioneer in synthesizing the results of behavioral research with quantitative time-series data to forecast market reactions. Market and community attitude evaluations and programming studies led by Nina Gruen have resulted in the development and redevelopment of many retail, office, industrial, visitor, and residential projects, varying in scale from a single building to large single- and mixed-use projects.
