Healthcare Real Estate

Simone Healthcare, an affiliate of Simone Development Companies, plans to renovate the four-story 104 Corporate Park Drive office building in Harrison that will be fully leased to Montefiore Medical Center.

Part of this success rate may be attributed to bringing more healthcare services to where people live and work, in addition to cost cutting, says John Pollock, CEO of Meridian in this <b>EXCLUSIVE</b>.

Not only has staffing guidelines changed, but the qualitative measures that nursing homes are being judged on has been revised and updated which might be difficult for underwriters in the next six months, say panelists.

The new buildings will add 400,000 square feet of laboratory space at the 116-acre campus.

Business and political leaders have expressed deep concern that a long-lasting moratorium could have a dramatic impact on the billions of dollars in new development projects that are in the pipeline in the affected areas of the county that include the cities of Mount Vernon, Yonkers, New Rochelle and White Plains.

The new non-profit ecosystem will offer treatment, rehabilitation housing and wrap-around services within a "learning health" system.

Houston added nearly 3.6 million square feet of medical office space, the most of any US market, and had the second-highest net absorption from second quarter 2017 to second quarter 2018, behind only Phoenix.

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