The Wexler Healthcare Properties Team is a trusted source for industry news and opinion. Here are a few recent stories we were featured in.
Take two pens, and sign the leases in the morning. That could be Joseph Yadgarov’s motto. He recently negotiated a lease for North Shore-LIJ Health System for a 6,000-square-foot medical condominium unit owned by the Simone Healthcare Development Group on the Upper East Side. He and Paul Wexler, who hired Mr. Yadgarov as an administrator when he was a college student, were the lone brokers in the 10-year deal.
The Wexler Healthcare Properties Team at The Corcoran Group announced that 20 East 46th Street, a midtown commercial building, is 100 percent occupied.
Nonprofit organizations in Manhattan have been cashing in on the strong investment sales market by selling off buildings they own and scaling back with office condominiums.
At the former Borders store at 461-465 Park Avenue (at 57th Street), Mr. Horowitz brought on board Bradley Mendelson of Cushman & Wakefield to market the retail space and Paul Wexler, the leader of the Wexler Healthcare Properties Team at the Corcoran Group, to market the medical offices on the upper portion, as Commercial Observer previously reported.
The retail condominium vacated by Borders bookstore at 461-465 Park Avenue is almost ready for occupancy by retail and medical office tenants, Commercial Observer has learned.
Though best known in New York for its residential brokerage business, Corcoran also lends its brand to one of the city’s most prominent health care real estate teams. Led by 30-year industry veteran Paul Wexler, the Wexler Healthcare Properties team has closed more than 1,000 leases and sales worth billions of dollars in the health care real estate space. Mr. Wexler has done deals with major New York hospitals and a variety of health care specialists. He has a unique perspective on the state of the city’s health care real estate market and spoke with Commercial Observer last week about the rise of walk-in clinics, the impact of the Affordable Care Act and more.
This year is likely to revolutionize the health care industry as 3 million to 4 million previously uninsured Americans have access to medical coverage due to the Affordable Care Act. Between the increasing number of patients, the high prices of real estate and greater demands for efficiency, health care pros are shrinking and altering their work spaces to get patients in and out with ease and speed.
Simone Healthcare Development Group has leased 4,367 s/f of medical office space at 62 East 88th Street. Patricia Simone, vice president of leasing and sperations, made the announcement. The OB/GYN practice headed by Laura Schiller, MD, Caitlin Fiss, MD and Catherine Goodstein, MD, signed a long-term lease with renewal options. The Wexler Healthcare Properties Team, led by Paul Wexler, at the Corcoran Group serves as the exclusive leasing agent for the property.
The Wexler Healthcare Properties team at the Corcoran Group acts as the exclusive listing agent at 62 East 88th Street. Two units in the condominium remain available for lease.