Nonprofit healthcare providers turn to real estate for liquidity and to preserve capital, says Jones Lang LaSalle report
Long considered to be stable investments immune to recession, hospitals and other healthcare facilities are now feeling the effects of a cash-strapped economy as decreased charitable contributions are forcing nonprofit hospitals to pare back and seek new financing sources, according to Jones Lang LaSalle’s 2009 Healthcare Real Estate Financing Outlook.
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AAMA developing product-based green certification program for fenestration
The American Architectural Manufacturers Association is working on a product-based green certification program for residential and commercial fenestration, the organization announced today. AAMA will use the results of a recent green building survey to help shape the program. Among the survey’s findings: 77% of respondents reported a green certification program for fenestration would benefit the product selection process for their company.
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F&S Partners merges with SmithGroup
F&S Partners, a Dallas architecture firm specializing in the design of educational, recreational, and religious projects, has merged with SmithGroup, a top 10 U.S. architecture/engineering firm. The 40-person office in Dallas will carry the name SmithGroup/F&S.
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