Over the weekend, the San Francisco Chronicle provided a good article on how the credit crunch has impacted the market for tax credits and their use in financing various housing projects with a specific focus on California.  The article entitled, Lack of tax-credit market hurts building trade, profiles a Napa Valley Senior Housing Project that […]

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For those looking for blend a style of Japanese and California architecture and style for a retirement community, look no further.  An Arleta, California assisted living facility, Nikkei Senior Gardens, is nearing completion and is marketing itself as a blend of east-west cultures by providing three nutritious Japanese and Western meals daily.  The facility […]

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The Los Angeles Times ran an interesting article last week entitled, City stuck with a South L.A. eyesore but has few options, that discussed a stalled, affordable / low income senior housing project that has been vacant for over a year.  The Buckingham Palace project was constructed on Marlton Square, a mixed use development that […]

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Earlier this week, Emeritus Senior Living announced that it closed on the purchase of five communities from affiliates of Ventas, Inc. (NYSE: VTR). The five communities were formerly leased by the Company and were acquired for a purchase price of $62.5 million, plus transaction costs of approximately $3.3 million and are comprised of 432 units […]

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The National Association of Realtors® announced today that existing home sales and declined 8.6 percent to a seasonally adjusted annual rate of 4.49 million units in November from a downwardly revised level of 4.91 million in October.  The national median existing-home price for all housing types was $181,300 in November, down 13.2 percent from November […]

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Bailout nation gets another group asking for money, this time in the property developer segment.  Large commercial property developers are now standing on the steps of capitol hill asking lawmakers for a piece of the bailout pie as they are concerned that many commercial mortgages that are coming due will not be able to be […]

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