Cushman & Wakefield Creates New Healthcare Group

Global real estate services firm Cushman & Wakefield Inc. has just kicked off its new healthcare practice group. The group’s eight-person team will focus on providing a range of services to clients involved in the rapidly growing healthcare industry across the United States and Canada. Cushman, which already had a foothold in the healthcare industry–its senior housing and healthcare group has been incorporated into the new practice group–has designed the healthcare practice group to incorporate experts from its various divisions, be it the company’s business consulting group, capital markets group, investment sales group or any number of other service teams. “All we’re really doing is formalizing our approach to healthcare organizations,” Cushman’s Richard Taylor, managing director of the new healthcare practice group, told CPN today. “Our job is to understand what a company’s issues are and then determine how to deliver the particular Cushman & Wakefield services that would be appropriate.” The healthcare practice group’s service areas include activities pertaining to everything from senior housing and healthcare properties investments to medical and academic real estate. However, the multi-faceted division does not center on commercial property. “A lot of what we do doesn’t start with real estate,” Taylor (pictured) said. To that end, the group’s service areas also encompass hospitals and healthcare practice groups, as well as healthcare payers, plans and specialty services. “Companies are looking for something different,” he added. “They’re tired of the same real estate services. There is a huge difference with our group. A lot of companies are struggling and we can show them how to deal with issues, such as organizational matters, through better use of real estate. A lot of these companies hadn’t previously understood that.” In addition to Taylor, the healthcare practice group’s executive committee will include Gary Glatter, who, along with Taylor, is based in McLean, Va.; Michael Berne in the New York office; Gary Hooper in Richmond, Va.; Bryan Johnson in Phoenix; Norman LeZotte in Atlanta; Frank Nelson in Boston; and Mark Gallagher out of the company’s Vancouver office. “So far,” Taylor said, “we’re getting a great response.”