News and Insights
PMA’s Eric Hoffman Speaks on the Challenges and Opportunities of Managing Large Hospital Projects
On September 10, 2024, PMA Vice President and Healthcare Sector Lead Eric Hoffman participated in a fascinating panel discussion at the 9th annual Association of Medical Facility Professionals (AMFP) Chicago Hospital, Outpatient Facilities & Medical Office Buildings Summit.
AEW Capital JV Lands $150M Refi for Life Science Building
Ken Richter, National Life Science Sector lead at Project Management Advisors, told CPE he is seeing a growing, albeit slow, demand for lab space in the major life science markets.
Hotels: Development Slate, Construction Down
“We are starting to see some activity…but it’s not as active as it was pre-pandemic,” said Sonnet Hui, general manager and vice president of real estate consultancy firm Project Management Advisors.
Multifamily Real Estate Offers Investors Long-Term Growth Opportunities Despite Elevated Interest Rates
With stubborn inflation delaying rate cuts, investors in the multifamily asset class—and their financial advisors—have been forced to adjust their expectations. Still, wealth managers can help clients uncover opportunities to diversify their portfolios with multifamily investments amidst a “higher-for-longer” interest rate environment.
Here’s a Surprising Shift in Remote Work’s Appeal
Sonnet Hui, vice president and Los Angeles general manager, Project Management Advisors Inc., told CPE that food options are the top draw in her office.
The Hospital of the Future: How Healthcare is Adapting Smart Building Tech from the Office and Multifamily Sectors
Healthcare stakeholders are taking notice of technologies that can transform how hospitals and other medical buildings operate. Here’s how they can improve services for both patients and staff.
How Retail and Multifamily Work Together
“We developed a high-rise apartment community in L.A. where a restaurateur put three very recognizable brands on the ground floor, sharing infrastructure and restrooms,” said Project Management Advisors national residential sector lead and executive vice president Omar Rihani.
Class Project: C.W. Driver Aims to Build Better Schools
“Campuses in the past wanted to be integrated with the fabric of the city or the community that they live in,” Sonnet Hui, general manager and vice president at Project Management Advisors Inc., said.
How Older Adults Living Longer Is Changing Senior Housing Development
As baby boomers, a massive generation of more active and independent seniors, reach retirement age, the health care and multifamily sectors are beginning to shift the ways in which they design, build, and renovate senior housing to accommodate a healthier and more physically active tenant base.
Humana Clinics Are Moving Into Walmart’s Health Centers. It’s Just What the Doctor Ordered
"Healthcare companies need places with ample parking and accessibility, as well as ample space for consulting rooms, laboratories, and medical equipment", Gerard told Barron’s.
How to combat challenging construction costs
There's a lot of pressure on development as a whole, said Mark Knott, vice president at real estate consulting firm Project Management Advisors. “The cost of debt to develop any project type is increased,” he said. “Post-pandemic, [it] has leveled off, but it hasn’t come down."
