Emeritus Corporation (NYSE: ESC) announced this week that they have entered into a non-binding letter of intent to lease 26 senior living communities from HCP as part of the Sunrise / HCP restructure and settlement agreement.  Emeritus will lease the facilities for an initial term of 15 years with two available extension options of 10 [...]

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Outer Marker Properties recently announced the development of Hampton Pointe Manor, an assisted living/Alzheimer’s care project in Missouri City, Texas.  The 53,000 square foot facility will contain 77 units, with 54 units dedicated to Assisted Living and 23 units allocated to Memory Care and is expected to open in July 2011.   The development plans to [...]

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Vi at Silverstone recently announced that it is in final preparations for its official grand opening in early September for its 33 acre development located in North Scottsdale, Arizona.  The project was developed through a partnership between Vi and Plaza Companies and incorporates the desert landscape and modern amenities in the new retirement community.

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As the Gulf coast continues to cope with the environmental cleanup from Deepwater Horizon oil-rig explosion and spill, many local businesses are feeling the effects of the disaster.  Coupled with a sluggish economy and real estate market, many businesses are looking for any assistance to keep their doors open as decreased travel and other regional [...]

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The Senate Banking Committee recently voted to approve the Livable Communities Act, a proposal to create more sustainable and energy-efficient communities. The bill, sponsored by Chairman Christopher Dodd, provides a series of planning and project implementation grants for communities to help plan and coordinate initiatives to develop affordable housing and public transit solutions. 

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CCRCs:  Risks Exists But No Federal Regulation Recommended At This Time Continuing Care Retirement Communities (CCRCs) may get more oversight and regulation at a federal level in the future based upon the tone of Wednesday’s Senate Committee on Aging chaired by Herb Kohl.  The committee heard testimony at a hearing entitled, "Continuing Care Retirement Communities [...]

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The Evangelical Lutheran Good Samaritan Society announced that it has selected WellAWARE Systems monitoring technology in providing care to seniors living at home or in assisted living centers for its LivingWell@Home Project.  The LivingWell@Home Project is part of an expansion of the Good Samarian’s use of sensor technology and telehealth services. The goal of the [...]

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Skilled Healthcare Group, Inc. (NYSE: SKH) announced that it has agreed to a stipulation with the parties of the lawsuit in Humbolt County that was previously announced last week.  Pursuant to the stipulation, the parties have agreed to stay all proceedings in the litigation to pursue mediation and is subject to court approval.  from the [...]

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U.S. District Court Judge Michael Hogan confirmed Tuesday the plan of reorganization in the Chapter 11 proceedings of Stayton SW Assisted Living, an Oregon-based senior living provider formerly known as Sunwest Management. The plan provides for the sale of up to 149 senior living facilities to a joint venture formed by Blackstone Real Estate Advisors [...]

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AgeSong has announced that its Lakeside Park residence kitchen was named a Certified Green Restaurant® by the Green Restaurant Association (GRA), a national non-profit organization that specializes in helping restaurants become more environmentally sustainable.

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The Obama administration has been nothing but bold with its determination for healthcare and financial services reform but is that audacity too much for the fight against homelessness?  Late last month, the United States Interagency Council on Homelessness released a comprehensive federal plan that will serve as a roadmap to prevent and end homelessness by [...]

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Paric/Ruscilli, a joint venture between the St. Louis-based Paric and the Columbus, Ohio-based Ruscilli Construction, recently announced that it has completed The Stratford at Kenwood in Cincinnati, Ohio.  The $75 million project consists of an 18-story residence tower housing 215 independent living, as well as 25 assisted living apartments; 12 skilled nursing units; 12 Alzheimer’s [...]

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