It’s not like the movie “I, Robot” yet, but watching the video below you can see that this is the future. GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) recently announced that it has upgraded and improved its personal assistant robot, the CareBot™ as a result of their ongoing world’s first in home elder care robot evaluation trials. [...]
Last week, HCP (NYSE:HCP) announced that it was going to offer 12 million shares for sale and subsequently increased the offering to a total of 13.5 million shares based upon strong investor demand. The offering was priced last week at $33 per share and HCP’s closing price on Friday afternoon was $32.72 per share. Net [...]
Shepherd’s Garden, Lynnwood, Washington’s new affordable housing community for seniors, celebrated its grand opening earlier this month and features 39 apartments on 2.24 acres. The $9.8 million project was built by ABHOW of Pleasanton, Calif., and co-developed by the Seattle-based Beacon Development Group and is open to low and very low-income seniors over 62 years [...]
Who’s right, Betty White or the newest AARP Social Media Survey for the 50+ Crowd? AARP’s study prompted the group to redesign its website to increase its focus on social networking and refine its look and feel (good excuse). The survey shows that social networking is becoming more and more of everyday life of Americans [...]
Courtesy of Reverse Mortgage Daily While members of the US Senate and House of Representatives meet to negotiate the final version of Wall Street reform legislation, Senators Claire McCaskill (D-MO) and Herb Kohl (D-WI) recently sent a letter to the members of the conference committee urging them to preserve language they feel will improve consumer [...]
First it was the Fonz…now Fred Thompson? These reverse mortgage companies and their celebrity spokespersons…How about your celebrities on your staff or announcements? Send them our way to be included in Movers & Shakers. Email us at movers-shakers@seniorhousingnews.com.
Remember Spike Lee’s “It’s the Shoes” commercial featuring Michael Jordan? Those shoes were special because everyone wanted to Be Like Mike. Today, everyone wants to be safe, especially those caring for persons with Alzheimer’s disease. By embedding a part of a Personal Emergency Response Monitoring System (PERS) in a shoe (rather than a phone/device), the [...]
The NYC Department of Housing Preservation and Development (HPD), Harlem Congregations for Community Improvement (HCCI) and the Jonathan Rose Companies celebrated the ground breaking earlier this month on Erbograph Apartments, the first senior housing development in Harlem designed to achieve LEED® Silver certification. The 8-story, 65-unit senior housing building located in Harlem is scheduled to [...]
Is the government’s Home Affordable Modification Program (HAMP) living up to its expectations? According to a recent report from Fitch Ratings Ltd., it appears that most borrowers who get lower mortgage payments under a federal government program will default within 12 months. HAMP provides incentives for servicers that modify mortgage payments to within 31% of [...]
