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September 22, 2022

The Tech Conundrum: In The Race To Go Smart, Healthcare Risks Outsmarting Itself

Manulife's U.S. Head Of Real Estate Development Analyzes Investment Opportunities To Close Out 2022 Oct. 20

Robot food and blanket delivery. Automated wheelchairs. Voice-activated control of window blinds. Holographic doctors.

Hospitals are going high-tech as the beginning of an innovation revolution comes to healthcare. The possibilities seem nearly endless. But with so many options and so much potential upside, choosing what to invest in is a challenge.

So far, implementation has been “rugged,” Page principal Joan Albert said at Bisnow’s Healthcare South event at the Houston Marriott Medical Center on Sept. 8. New technology comes with new pain points and the risk of wasting time, money and space, and panelists said architects, developers and hospital operators need to be savvy about what technology they implement in their facilities. 

“Innovation and bleeding edge makes me nervous because we all know how frustrated we get when our phones don’t work, right?” Texas Children’s Hospital Senior Vice President of Facilities Planning and Development Jill Pearsall said. “If you make the building too smart, [patients] are just going to be frustrated.”

The Tech Conundrum: In The Race To Go Smart, Healthcare Risks Outsmarting Itself

Technology can solve a lot of problems. New tools can help offset the significant labor shortage and make staff’s lives easier, improve the patient experience and their care, and keep facilities online during natural disasters.Artificial intelligence is starting to come…

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Davis Cos. Terminates Deal To Buy 95-Acre ExxonMobil Site In Everett

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A major deal between Davis Cos. and ExxonMobil appears to have fallen through months after the two parties agreed to the sale of a 95-acre tank farm site in Everett.The Davis Cos. last week terminated the sale and purchase agreement it signed for the site…

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Biogen Consolidates In Cambridge In $592M Sale-Leaseback Deal With BXP

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BXP has acquired a Kendall Square life sciences property from biotech giant Biogen in a $592M sale-leaseback deal.The REIT announced in a press release Tuesday that Biogen signed a lease to continue to occupy the six-story, 217K SF building at 125 Broadway until April 2028. The two…

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Landlords Are Helping Ease Refugee Housing Crisis By Bending The Rules

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Images of war and desperate humanitarian crises have softened the hearts — and background check policies — of landlords across the country this year as they have rented apartments to refugees in numbers that have pleasantly surprised resettlement groups.

Many property owners have loosened their policies around income and credit documentation, making the process of finding homes for the hundreds of thousands of people fleeing Afghanistan and Ukraine for the U.S. smoother than expected even as the country faces a dire housing shortage, refugee resettlement leaders told Bisnow.

Five landlords who have leased to refugees this year, ranging from small private investors to firms with thousands of units under management, told Bisnow that the risk of relaxing policies has been worth it. They have found refugees to be reliable renters and have offered more of their units over the course of this year, a trend that has helped resettlement groups place refugees in homes when they arrive and avoid what could have been a disaster scenario.

“It’s not as desperate as I would have expected at this time, and I think it’s because more landlords are opening up,” said Laura Thompson Osuri, executive director of refugee assistance nonprofit Homes Not Borders. “Without that it would definitely be a problem.” After Russia invaded Ukraine in March, >

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As It Makes Moves In Multifamily, WeWork Asks, Won't You Be My Neighbor?

A pair of deals aimed at luring apartment dwellers out of their homes — if only just a few short flights downstairs — suggests global coworking giant WeWork is tapping a new vein for growth in recognition that remote work is here to stay.

The New York-based office space provider announced its first-ever partnership with a residential developer last week, teaming up with Chicago-based Cedar Street to offer on-site workspace as an amenity. WeWork will operate a 25K SF, two-story coworking space in the grand hall of the 12-story Bridgeview Bank building at 4753 North Broadway in the city's Uptown neighborhood, which Cedar Street is transforming into 176 apartments.

The agreement with Cedar Street could be the first of several to come, the company said.

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