BlackSwan Zine

Education Realty Trust, Inc. (NYSE:EDR – News), a leader in the ownership, development and management of student housing, today announced operating results for the quarter and year ended December 31, 2009.

A new high-rise is in the works for Bellevue’s emerging medical district. Healthcare Realty is developing a seven-story, 190,000 square-foot medical office building at the Overlake Hospital Medical Center campus on 116th Ave. NE.

The City Council Monday night authorized issuing $39.9 million in bonds to build a 150,000-square-foot studio for Digital Domain Holdings, a company expected to launch the region into the field of digital animation, gaming and military simulation.

The ramshackle houses sitting at the northern gateway to this upscale town are slated for demolition and in their place will rise a Spanish-style medical office building. Construction could begin as soon as this summer, depending on whether Colliers International brokers Alice Teng and Elgin Brian Mason can sign doctors and dentists to at least half the proposed 22,000-square-foot building.

By CJ Follini
The figures were released this week by the Federal Deposit Insurance Corporation, as it announced that the number of banks in trouble had risen sharply, and forecast that the rate of bank failures would increase. The report served as a stark reminder that the banking system remained in perilous health, despite large bailouts [...]

The Des Moines Business Record reported Thursday that the board of directors of Broadlawns Medical Center on Tuesday approved bids totaling $11,135,000 for a new 40,000-square-foot medical office building to be built on the county hospital’s campus at 1801 Hickman Road.

An unnamed affiliate of the Hospital for Special Surgery has made an all-cash purchase for a medical office building at 429 East 75th Street between York and First avenues. The sellers, Taconic Partners and ABR Partners purchased the property, then a parking garage, in 2006 and transformed it into a 30,000-square-foot medical facility.

With Record Numbers of New Patients Expected To Need Outpatient Care, Experts Say Boom in Medical Office Deals Will Happen — But Investors May Have to Wait a Bit Longer

Medical office space was the last man standing in commercial real estate in 2009 – then the bottom fell out. Now, lease rates are down, vacancies are up and construction projects are few and far between. But the sector still is generally better off than the rest of commercial real estate, and some doctors are taking advantage of low prices to move or expand their offices.

Nobody noticed it when Gov. Paterson unveiled his budget plan last month, but a massive cut to local senior programs is buried in the fine print. If approved the cut could force them to close between 30 and 75 NYC senior centers.