Illinois Real Estate Journal October 2016 : Page 1

VOL.16 NO.23 ©2016 LAW BULLETIN PUBLISHING CO. OCTOBER 2016 Big changes bring big activity to Healthcare Market By Dan Rafter DIRECTORIES (pg.19): Top Brokerage Firms, Financial Institutions Lots of movement in Chicago’s CBD: Office tenants actively seeking area for their new space By Stephanie Aguilar D Downtown Chicago has recently seen plenty of activity in all market sectors, reminding us that it’s going to be another robust year. St. Vincent’s Women’s Center in Carmel, Indiana And while the area has seen its big share of mul-tifamily, retail and hospitality projects and deals, the office sector has sustained a remarkably active period in new leases, renewals, redevelopments and ground-breakings. OFFICE (continued on page 10) W hen Bob Titzer looks at the healthcare real estate market in Chicago and across the Midwest, he sees plenty of activity. Hospitals are building new medical office buildings in urban areas and suburbs. Developers are expanding existing hospitals. And medical groups are opening ever more free-standing clinics and emergency rooms. But what is behind all this activity? Titzer, executive vice president of HSA PrimeCare, points to one factor: change. “The medical office building market is strong and it is active,” he said. “And the underlying reason for that? There has been a lot of change in the healthcare industry. These changes in the industry, the growth of healthcare in general, has made this an extremely active market today.” Keith Konkoli, executive vice president for healthcare at Duke Realty, said that not only is activity strong in the healthcare sector, it has actually grown stronger compared to where it was one or two years ago. That’s impressive, considering how strong the healthcare real estate market was back then. HEALTHCARE (continued on page 8) PRSRT STD U.S. Postage TWIN CITIES, MN PERMIT NO. 31515 PAID

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