![]() ![]() “And it wouldn’t surprise me if somebody else wanted to jump in there and compete for the more urban downtown market. “There’s definitely a turf war in Chicago,” he told Crain’s. That could attract a tenant like Rush Health or NorthShore University HealthSystem, according to Peter Westmeyer, founder of Remedy Medical Properties, the largest owner of health care properties in the country. Hearn is also separately offering naming rights to the tower which could incentivize a larger system to move in. The John Hancock Tower is an iconic 62-story, approximately 1,700,000 rentable square foot office tower located in the heart of Bostons Back Bay neighborhood. He said a projection from health care consulting firm Advisory Board reports demand for services including orthopedics, physical therapy and pain management within five miles of Streeterville will jump by 25 percent over the next five years, Crain’s reported. The largest real estate acquisition in 2010 was John Hancock Tower and Garage - which was acquired by Boston Properties for 930M. John Hancock’s Real Estate Finance Group is based out of our. Our lending activity spans a wide array of property types, and currently we have loans outstanding in over 40 states and 125 metropolitan areas. Hearn said the 13 million square feet of health care real estate in Streeterville isn’t enough for the neighborhood’s demand. As the real estate arm for John Hancock, the Real Estate Finance Group (REFG) provides mortgage financing for commercial properties. It was to find what could be learned from the disaster and rescue of the Hancock Tower that Robert Campbell, the thoughtful architecture critic of The Boston Globe, recently conducted a series of. “The future of health care and the need for health care facilities, both in hospitals and outside hospital facilities, is unquestionable.” “You can say what you want about the demand for traditional office in this neck of the woods, but no one will argue over the demand for medical in this neighborhood,” Hearn told Crain’s. ![]() By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. ![]()
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