Publisher’s Letter: The start of a rebound?


By Murray W Wolf

Dear Reader:

There is nothing we’d like better than to publish an article talking about how the healthcare real estate sector has rebounded to pre-recessionary levels of development and investment activity. Alas, we can’t quite do that – yet. But we are seeing some glimmers of hope.

As noted in one of the articles on Page 1 of this edition, total third quarter (Q3) medical office building (MOB) sales activity was the highest since Q4 2008. Marcus & Millichap also says there seems to have been a recent increase in MOB sales activity. Now comes the monthly report on construction starts, which indicates that healthcare facilities construction grew 6 percent in October compared with the previous month. The report was compiled by McGraw-Hill Construction.

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