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Ozdem Gursel, 35, a partner in Tabanlioglu, a local architectual firm that collaborated on the development of Kanyon, says her firm's workload has soared to include a number of loft-style living spaces as Turkey heads toward a Western mortgage system. (In the past, economic instability meant the only people who could buy homes were those with up-front cash.) "We have an expression here which means 'Work like a donkey, live like a person,'" says Gursel. "Turks are like the Spanish; we eat late, we stay up late and we start early the next...
Foreign investors are looking for "sexy deals," according to Muzaffer Yildirim, co-founder of a deluxe movie chain, Mars Entertainment Group, in which U.S. private international investment firm Colony Capital recently acquired a sizable stake. "It's very recent that direct investment came into Turkey," explains Markus Lehto, the managing director of Kanyon, who is well qualified to comment, given that he was formerly an investment banker in New York. "It was less than $1 billion two years ago and will be $15 billion this year and probably up to $25 billion next year...
...ASCs today, nearly twice as many as a decade ago. Four in five are at least partly owned by physicians, many in partnership with hospitals seeking to minimize losses. The number of imaging centers has climbed to 6,037, up from 4,159 in 2001, according to the data firm Verispan. The scanning machines are costly to maintain, but once those costs are covered, the machines mint money. "There's an intense market-share competition taking place between hospital outpatient departments and imaging centers," says John Donahue, chairman of National Imaging Associates, which manages radiology for insurers in 36 states...
...runs an ASC, says that until the clinic bought its own imaging machines, patients had to wait up to 24 days to get a diagnostic scan at the nearby hospital. "This is about convenience, lower cost and higher quality," says Glen Tullman, CEO of Allscripts, an electronic-medical-records firm that works with ASCs and specialty hospitals. "Nobody in health care wants to be on the wrong side of that equation...
...will home and building owners make the trade-off? The firm has launched its product in Spain, targeting the developers of some 200,000 single-family homes it says are being built in the country each year. Olofsson expects the first ClimateWell systems to be running in 2008-09, and says homes and businesses in warmer climates from Indonesia to South America offer great potential for the company. "Our core value is to find solutions that enable people to live lives they live today, but in a sustainable way," he says. "Changing behavior is more difficult than changing technology...