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Feature Story: Pre-pandemic panel predicted a plentiful period for MOBs

Prior to COVID-19, developers at InterFace conference were excited about the possibilities

By John B. Mugford

The InterFace HRE West development panel included (from left to right): moderator Andrew Fogg of Cox Castle & Nicholson, Todd Varney of NexCore Group, Nancy Moses of Trammell Crow, Scott Mackey of Devenney Group, John Grossman of Millie & Severson and Connor Lewis of Ryan Companies. (Photo courtesy of InterFace)

On Feb. 19, prior to the onset of the COVID-19 pandemic, a group of healthcare real estate (HRE) and medical office building (MOB) development professionals gathered for a panel session in Los Angeles to talk about what was going on in their world.

The panelists expressed plenty of excitement, noting that a variety of HRE property types were in demand and that many new projects were taking place as part — or even the focal point — of mixed-use developments with retail, entertainment, residential and other uses.

Of course, at the time, the panelists were blissfully unaware of the extent of the crisis ahead. Yet their comments still ring true and relevant for thinking about what might be ahead when HRE development activity rebounds.

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