Senior Living Investment Brokerage, Inc. announced the completion of the sale of an Independent Living Facility located in Metropolis, Illinois, approximately 150 miles southeast of St. Louis and across the Ohio River from Paducah, Kentucky. The one-story structure, consisting of 47 units, was originally built in 2002 with subsequent additions in 2007 and 2009. The [...]
The Taube-Koret Campus for Jewish Life (TKCJL) is nearing its completion with final touches being added to meet its scheduled opening on September 1st. Developed by Sares Regis Group of Northern California for the Jewish Home in San Francisco, the Oshman Jewish Community Center and the Jewish Community Federation, the TKCJL is a collaborative initiative [...]
The New York Times ran a small biography / interview with the CEO of Sunrise Senior Living recently that provides more background information on the company’s leader. The profile paints a picture of an experienced manager/retail entrepreneur and details some of his personal and corporate background. The tone of the profile is placid, staid and [...]
Harley Ellis Devereaux, a planning, architecture and engineering firm has announced the completion of a new affordable senior housing development on Chicago’s South Side. The Victory Centre of South Chicago Supportive Living Facility (SLF) offers affordability, a variety of sustainable features and will contribute to one of the largest sustainable revitalization developments in the country. [...]
Blue Horizon, located in Enterprise, Oregon is the first small Alzheimer’s and other dementia unit in Oregon to have received "On the Move" funding from Oregon DHS. Oregon DHS has chosen to install this latest in memory care technology so that these Elders don’t need to be locked-down and yet are provided with the highest [...]
The New York Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero, together with Borough President James Molinaro and City Council Minority Leader James S. Oddo, joined the Domain Companies, the Arker Companies and Metropolitan Council on Jewish Poverty last month to celebrate the historic and environmentally friendly restoration of two landmark buildings [...]
With the broader housing market struggling and the tax credit market in disarray, senior housing financings continue to proceed along in 2009 at slower pace. Many borrowers, both corporate and consumer, are accessing government programs more in comparison to the past five years as other third party lenders are wary to re-enter the market. Besides [...]
MBK Senior Living announced last week that it has been selected by The Carlyle Group, one of the nation’s largest private equity funds, as the third-party management company for Raincross at Riverside, a 106-unit senior housing community located in Riverside, California. Raincross at Riverside opened in 2006 and offers multiple levels of care, with 81 [...]
Peter Zumthor of Switzerland has been chosen as the 2009 Laureate of the Pritzker Architecture Prize and was honored earlier this summer at a formal ceremony in Buenos Aires, Argentina. The 65-year old architect has designed senior housing in Switzerland that has garnered international recognition (see page 13 of the booklet). Although most of his [...]
