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How to Stage your Office for Improved Productivity

How to Stage your Office for Improved Productivity

Clutter is a major distraction and eats up time. Nobody can concentrate or work efficiently amidst disorganization, but don’t take it to the point of sterility, when an office gets too cleared out and too organized, there’s a sense that nothing is happening in there. This article makes some recommendations…

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Demand for Medical Office Buildings Soars in Southern California

Demand for Medical Office Buildings Soars in Southern California

The aging U.S. population, pressure for healthcare providers to cut costs and new technologies have boosted demand for medical office properties in recent years. In Southern California, this increasing demand and single-digit vacancy rates, coupled with low levels of new supply in recent years, have fueled record rent growth. Medical…

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California Needs Healthcare Workers, and It’s Asking for Help

California Needs Healthcare Workers, and It’s Asking for Help

Health and education leaders across California have joined forces with business and labor leaders to address workforce shortages in health care. The new group aims to create a blueprint for policymakers. The California Future Health Workforce Commission includes two dozen representatives from businesses, organized labor, schools and hospitals. The commission…

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Lane County Now Has 11 Urgent Care Centers

Lane County Now Has 11 Urgent Care Centers

PeaceHealth Medical Group quietly opened its third urgent care clinic in Lane County on July 3, and it has been busy ever since, and it happened without any advertising. The clinic is on the ground floor of the new office building constructed near Valley River Center in Eugene on the…

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Medical Office Building Emerges on Hood River Waterfront

Medical Office Building Emerges on Hood River Waterfront

Buildout started this week inside upper floors of the medical building on the Hood River waterfront that will house a new Mid-Columbia Medical Center outpatient care facility. Construction began on the three-story structure last fall, but recently its shape and design has become more clearly defined. Completion is slated for…

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Cap Rates Drop as Competition for Medical Office Buildings Heats Up

Cap Rates Drop as Competition for Medical Office Buildings Heats Up

An intense vying for urgent care centers, surgery centers and other outpatient medical facilities is also driving down cap rates in the sector. Cap rates on MOBs tightened to 6.5 percent in the fourth quarter of 2016, after holding steady at 6.7 percent for the three previous quarters. The tightening…

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Is the Market for MOB’s Slowing Down Amid Uncertainty?

Is the Market for MOB’s Slowing Down Amid Uncertainty?

With the ACA standing in limbo —as a law that could be assailed at any time— private investors are looking at the merits of selling off their medical office assets. The ACA repeal would not affect the private-pay sector, which is dominated by seniors housing facilities, but it would impact…

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Portland Office Market Update

Portland Office Market Update

The office market in Portland remains a strong market for landlords and developers, with metro-wide vacancy rates falling from 9.0 percent to 8.8 percent in the fourth quarter. Office rents in downtown Portland and Northwest Portland continue above $30 per square foot barrier, closely followed by the Close-in Eastide ($29.26)…

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OHSU Stops New Hires Ahead Of Potential Obamacare Cuts

OHSU Stops New Hires Ahead Of Potential Obamacare Cuts

The president of Oregon Health And Science University isn’t waiting to see what Republicans do with the Affordable Care Act. In anticipation of deep cuts, he’s stopping the hiring of most new staff. With the federal government poised the repeal the Affordable Care Act, OHSU president Joe Robertson said the…

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Legacy Health Announces $210M Expansion, New Construction

Legacy Health Announces $210M Expansion, New Construction

TA $210 million replacement and expansion is in the works for the Legacy Emanuel Medical Center campus. As part of the project, Legacy will add surgical suites and a new space for the Legacy Oregon Burn Center. Construction is set to begin in 2017 and should take about four years….

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ACA Repeal to Take Years, Won’t Have Immediate Impact on Medical Office Building Sector

ACA Repeal to Take Years, Won’t Have Immediate Impact on Medical Office Building Sector

One of the many promises President-Elect Trump made during his campaign was the repeal of the Affordable Care Act (ACA). The complexity behind putting such a proposal into practice riled hospital stocks. The healthcare real estate industry has one eye on the ACA, and one eye on interest rates, although…

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Retail Health Clinics Put Pressure on Hospitals to Rethink Business Models

The entrance of retailers into the world of healthcare services has some health and hospital systems scrambling to find new business models. Tapping into long-heald patient dissatisfaction over long wait times and obscure pricing, retail clinics, which offer convenient service and transparent pricing, are growing both in number and the…

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US Commercial Real Estate Markets After Brexit

US Commercial Real Estate Markets After Brexit

By Kevin Maggiacomo, June 28, 2016. Last week the world woke up to the implausible, the United Kingdom voting to leave the European Union. Immediately global and domestic equity markets have been volatile with rapid downside moves while perceived “safe” assets such as gold and US Treasury bonds soared in…

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More People in the U.S. Plan to Retire After 70

More People in the U.S. Plan to Retire After 70

U.S. workers are more confident that they’ll be able to retire someday. Just not until they’re 70… Some 23 percent of Americans with jobs said they planned on being septuagenarian employees, up from 16 percent in 2009. While the average employee calculates he or she will retire at age 65,…

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Office Developers Hold Off on Speculative Construction for Now

Office Developers Hold Off on Speculative Construction for Now

Though demand for office space continues to improve, industry experts say it’s still too early to expect a surge in speculative construction in the sector. Office developers are watching constructions costs rise and sensing some lingering caution from corporate executive teams, leaving them reluctant to build on a speculative basis….

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OHSU’s New Early Cancer Detection Center Lands Five-Star Recruit

OHSU’s New Early Cancer Detection Center Lands Five-Star Recruit

Oregon Health & Science University’s Knight Cancer Institute announced its first major hire since meeting its $1 billion challenge last year. Sadik Esener, a PhD with a broad engineering background, was recruited from the University of California-San Diego to direct the institute’s Center for Early Detection Research, the first large-scale…

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2016 Commercial Real Estate Market Outlook

2016 Commercial Real Estate Market Outlook

The Year Ahead in the Commercial Real Estate Market By Kevin Maggiacomo, January 29, 2016. Uncertainty Breeding Opportunity After several years of increasing domestic economic expansion and an ever-recovering and ever-growing real estate market, 2016 opens with the return of global economic uncertainty as China’s economic growth moderates, energy prices…

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Net Lease Buyers Develop Bigger Appetite for Medical Properties

Net Lease Buyers Develop Bigger Appetite for Medical Properties

Net lease investors are proving that they are willing to pay a premium for coveted medical office space. As medical service providers continue to push further away from traditional hospital campuses to locate closer to their patient base, they are embracing net lease as a means to finance that growth….

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New Era of Health Care Expansion Bringing Shopping, Apartments, Hotels to Hospital Campuses

New Era of Health Care Expansion Bringing Shopping, Apartments, Hotels to Hospital Campuses

Nearly $100 billion in construction of new and expanded hospital medical office projects, both on and off the hospital campus, is under way across the U.S. In the current building boom, developers are as likely to be adding apartments, retail space and even hotels as more patient care facilities. With…

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Six U.S. Office Markets with the Highest Occupancy Rates

Six U.S. Office Markets with the Highest Occupancy Rates

At about 13.4 percent, the national office vacancy as of the third quarter is at its lowest point since before the recession, with some markets seeing historic increases in tenant demand and subsequent construction starts, and at least six of the nation’s top office markets posted vacancy rates in the…

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