The American Institute of Architects (AIA) has selected 18 recipients for the its annual Housing Awards. The AIA’s Housing Awards Program, now in its 11th year, was established to recognize the best in housing design and promote the importance of good housing as a necessity of life, a sanctuary for the human spirit and a [...]
A Minneapolis-St. Paul senior cooperative housing development will receive $4.7 million in funding from the AFL-CIO Housing Investment Trust (HIT). The project, to be constructed at Applewood Pointe of Roseville at Langton Lake, will create about 70 union construction jobs and will produce 48 housing units in a four-story building offering residents an array of [...]
Healthcare Realty Brokerage, Inc., recently closed on the sale of the Deaconess Long-Term Care portfolio of eleven Missouri properties for $27,200,000 to affiliates of Illinois-based Platinum Healthcare The transaction consisted of 852 licensed skilled nursing beds and 128 assisted living beds, the portfolio ranks among the largest to close in Missouri in recent history said the company [...]
Over 200 senior living and health care professionals converged in Atlanta over past few days to take in tours, presentations and discussions as part of the 11th annual Environments for Aging. The conference, hosted by the Vendome Group and its publications, partnered with the American Institute for Architects – Design for Aging, SAGE and ASID [...]
Shea Homes Active Lifestyle Communities announced it’s moving forward with a “resort style” club and outdoor amenities at its new Trilogy community on US Route 27, just north of Clermont, FL. The 38,000 square foot Club at Trilogy near Orlando will be one of the largest on a square-foot-per-resident basis found at any active adult [...]
As part of the American Recovery and Reinvestment Act (ARRA), the Idaho Housing and Finance Association (IHFA) has awarded $1.29 million in tax credit assistance funding to Silver Hills Apartments in Wallace, Id. The funds will be used to rehab 24 units of the senior housing complex and will include a replacement of all flooring, cabinets, [...]
HCP, Inc. (NYSE: HCP) Executive Vice President and Chief Financial Officer, Thomas M. Herzog, announced his resignation, effective May 15, 2011, to pursue new opportunities and business challenges within the real estate industry. HCP said that Herzog will remain a consultant to the company until February 15, 2012, in order to provide an orderly transition. “Tom has [...]
The number of middle income households in the United Kingdom who face a severe squeeze on their income in retirement is significant and increasing according to a new report from Chatham House. Around 15 million UK households in the middle income group risk a reduction in their income of almost 60% from their pre-retirement income. [...]
Inflation Nation to Fuel Part-Time Careers for Retirees
Prices are going up and Americans are already feeling the effects of higher food, property taxes and energy prices that are having a direct impact on their pocketbooks and the psyche. These rising costs and the fixed incomes of retirees are on collision course given the current trajectory of price increases. Regardless of technology prices [...]