In a guest blog post authored by LHB Communications’ Leslie Braunstein, Institutional Real Estate, Inc. discusses growth of the Mexican economy and especially that of Tijuana, just over the border from San Diego, where the Urban Land Institute held its Spring Meeting. From a Samsung factory that manufactures 65,000 TVs a day for export to coastal resort development to an impressive culinary scene, Tijuana — Mexico’s third largest city — is moving forward. A ULI Technical Assistance Panel has issued recommendations for redeveloping a demonstration block in the city’s center that could catalyze a citywide renaissance.
Mexico’s resort industry is making an impressive recovery with two new national policy changes, allowing Mexican pension funds to invest in real estate and permitting non-Mexicans to own coastal real estate, according to an article by LHB Communications’ Leslie Braunstein published in Urban Land Online. Resort development also is picking up in the US, particularly with amenity-rich second home communities that enhance family bonding experiences.
In an article published by Urban Land on May 22, 2013, Leslie Braunstein writes that despite efforts to reduce healthcare costs, healthcare spending is now about 17 percent of the American gross domestic product (GDP), heading for 20 percent. The Affordable Health Care Act is expected to add 30 million newly insured Americans seeking medical care in new venues, while the aging American population will increase demand for medical services. Healthcare delivery appears to be moving in two different directions: acute care is being consolidated into ever-larger hospitals that can share resources and achieve economies of scale, while outpatient care is being distributed throughout communities. Developers and investors must watch healthcare industry trends closely in order to make the right decisions.
Washington Property Company Expands Footprint In Silver Spring’s Ripley District with Bethel Church Acquisition
Washington Property Company has expanded its footprint in the rapidly transforming Ripley District adjacent to the Silver Spring (MD) Metro station with the acquisition of three contiguous developable land parcels with lot sizes totaling about 28,000 SF. Bethel World Outreach Ministries International sold the site at 8242-8252 Georgia Avenue, with two low-rise buildings and a parking lot, for $8.2 million.