Pinnacle partners with The Hub Cycle to build bikes for a local charity

Pinnacle is proud to be a sponsor and will be exhibiting at the conference

Pinnacle is proud to be a sponsor and will be exhibiting at the conference

Pinnacle is proud to sponsor the Illinois Association of Healthcare Attorneys (IAHA) 37th Annual Health Law Symposium

Pinnacle is proud to be a sponsor and will be exhibiting at NY Metro 2019 ASC and Healthcare Management Symposium

Pinnacle and Stratum will be exhibiting at SCBIO 2019

To register for the webinar, please go to this link: https://distancelearning.healthlawyers.org/p/W-SPR19

Evaluation and Management Office/Clinic Visit Documentation Detour: A Bumpy Road Ahead (Medicare and Medicaid)

Autumn Hull and Kelly Loya published an article for the MiMGMA Spring 2021 Newsletter.

MiMGMA March Spring 2021 Newsletter

March 2021 Real Estate Newsletter

Healthcare Real Estate Transactions and New Construction

53-Acre Life Sciences District in Houston Scheduled to Break Ground.  Hines and 2M Real Estate are scheduled to break ground and begin construction on a five-story, 270,000 square foot advanced laboratory and life sciences building in the Texas Medical Center of Houston.  The first phase of Levit green, a life sciences mixed-use project, includes a 25,000 square foot incubator lab and office space for entrepreneurs and startups, as well as several lakes, a boardwalk, fitness center, outdoor garden, 7,000 square foot conference center, and 3,500 square feet of restaurant space.

Remedy Medical Properties Completes Development of Piedmont Healthcare Medical Office Building. Remedy Medical Properties has announced the completion of the 5-story, 113,000 square foot Piedmont Medical Plaza II which it manages and owns. The plaza is on the Piedmont Newman Hospital campus in southwest Atlanta. This is the second outpatient care facility on the Newman campus and provides a large range of services. The project broke ground in fall of 2019 and construction was completed in December of 2020, with a move-in phase at the end of January 2021. The building serves as a one-stop healthcare destination for patients in the Atlanta area.

167,348 SF Lease on Eleventh Avenue in Manhattan. The space for Icahn School of Medicine at Mount Sinai, which covers the fifth through eighth floors of the tower, is projected to take up to three years to build out. Once the space is completed, the school will utilize its new location for molecular therapies, research and treatment of breast and spinal cancers, outpatient care, and an imaging center.

Healthcare Real Estate Trends

Decline in Leasing Softens Fundamentals. Developers had more than 10 million-square feet of medical offices under construction in the nation’s major metros at the end of 2020 with completion dates stretching into 2023. More than half of the underway projects are due in 2021, providing the lowest delivery pace in more than 10 years. Reduced deliveries in 2020 still outpaced net absorption, raising vacancy to 9.4 percent, a year-over-year jump of 80 basis points and the highest rate since 2015. Leasing activity will likely recover relatively quickly once patients feel comfortable returning to medical providers for checkups and elective procedures.

Pinnacle Real Estate Group

The Pinnacle Real Estate Group is a combination of professionals who use their extensive experience in both valuation and transaction services within the healthcare real estate industry to guide clients through multiple types of arrangements in a time-efficient and cost-effective manner.

Christopher Louis, ASA, MAI
Director
720-598-1439
CLouis@AskPHC.com

Mike Vandaveer
Director
720-599-7883
MVandaveer@AskPHC.com

Tony Price
Analyst
720-386-3540
TPrice@AskPHC.com

Pinnacle is proud to be a sponsor, will be exhibiting and presenting (Jim Connors is presenting) at Becker’s ASC 26th Annual Meeting – The Business and Operations of ASCs