McArthur Home, a 20-unit low-income elderly housing residential facility located in Biddeford, Maine, announced that it has reached capacity in less than 3 months since it was opened. The new 3-story, 23,000 sq. ft., wood-framed structure was developed on a previously contaminated, distressed, downtown site. The apartments range in size from 625 to 660 sq. [...]
What’s a senior to do with their personal finances today with the stock and housing markets in the gutter? The Boston Center for Retirement Research recently released a working paper entitled “How Seniors Change Their Assets Holdings In Retirement” that examines the changes from 1998 to 2006 in the asset holdings of those who were [...]
The Healthcare Real Estate Team of Sperry Van Ness (SVN) recently closed on the sale of two skilled nursing facilities (“SNFs”) with a combined 145 licensed beds, for a total price of $1,625,000 in Hobbs and Artesia, New Mexico. SVN also closed on the sale of three skilled nursing facilities with a combined 288 beds [...]
The Club at Briarcliff Manor, a new $350 million senior housing community in New York’s Westchester County celebrated its groundbreaking this month in early January 2010. Located 45 minutes from Manhattan by Metro North Railroad The Club at Briarcliff Manor (CCRC) will feature 325 Independent Living residences and a 60-unit Supportive Living Center where a [...]
Professional HealthCare, a leading provider of home nursing, rehabilitation therapy, hospice and personal caregiver services in Northern California and Utah, has announced its acquisition of Home Health Services of St. George, Utah, a company that has provided home health, hospice, and durable medical equipment services to residents of Utah, Nevada, and Arizona since 1990. This [...]
New round of movers and shakers this week. Looking for top quality talent that follows senior living and housing trends on a daily basis? Reach them on our careers section. We’ve expanded to include “positions sought” as well. For staffing announcements, please email them to movers-shakers@seniorhousingnews.com. Thinking about making a change or marketing yourself for [...]
Emeritus Corporation (NYSE: ESC), a national provider of assisted living and Alzheimer’s care services to seniors, announced that it has entered into a joint venture ("Joint Venture") agreement with Blackstone Real Estate Advisors VI, L.P. ("BREA") and Columbia Pacific Advisors, ("Columbia Pacific"), an affiliate of the Chairman and Co-CEO of Emeritus, in connection with the [...]
Senior Quality Lifestyles Corporation (SQLC), in conjunction with Greystone Communities, Inc., recently announced the completion of the $1.5 million dollar land purchase for Mirador life care senior living community. SQLC purchased the 17 acres of land for Mirador and is scheduled for completion in 2011. The gated community, designed by Three Architecture and constructed by [...]
Department of Health and Human Services Secretary Kathleen Sebelius recently announced the availability of $27 million to help older individuals with chronic conditions to improve their health and reduce their use of costly medical care.These funds are made possible through the American Recovery and Reinvestment Act, which has provided up to $650 million to HHS [...]
