Penrose-St. Francis Health Services plans to build a 72-bed orthopedic and spine hospital in Colorado Springs. The development will also have an ASC and medical office building as well as a retail portion.
The Lone Star State is a rapidly emerging biopharma hub, with more than just a lone focus on oncology. Some of the top up-and-coming biopharma companies, and real estate powerhouses are anchoring major new developments with them.
The Pegasus Park office campus is the future landing site for life sciences firm BioLabs’ central U.S. hub. To date, CoStar Group has identified 188 sites in Dallas-Fort Worth dedicated to life sciences tenants, with over 15,000 employees.
A specialized sector of the property market has continued to deliver solid returns throughout the Covid-19 crisis: one big winner globally is medical office buildings, whose tenants mostly offer essential services.
The medical office sector has been a standout in CRE investment partly due to pandemic-spurred demand for health care services that includes stand-alone offices, retail spaces, medical clinics and urgent care facilities.