Movers & Shakers: Management Team for Leisure Care High-Rise; New Asbury Foundation CEO

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Memory Care Pioneer Beatitudes Launches $260 Million Redevelopment

Beatitudes Campus, well known for its Comfort Matters memory care approach, has embarked on a $260 million, eight-year repositioning to transform and expand its presence in Phoenix. “We created a plan that will touch virtually all of our 27-acre campus,” Beatitudes President and CEO Michelle Just told Senior Housing News. Beatitudes first opened in 1965, […]

In the Pipeline: New Blake Project in Florida; LCS Community Expanding

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Quality Senior Living, Blake Announce Florida Project Quality Senior Living’s management, through newly formed […]

Tariffs, Labor Drive Senior Housing Construction Costs Up 6% to 8%

Senior housing construction costs have surged between 6% and 8% over the last year for various types of projects, driven by labor market dynamics and new tariffs on materials such as steel and aluminum. For a mid-level assisted living project, Winter 2019 costs are generally ranging between $180 and $233 per gross square foot, according […]

Senior Living Construction Costs Remain on the Rise

Senior living construction costs remain on the rise, due in part to an ongoing labor crunch and the rising price of building materials. Currently, mid-level assisted living projects range from $176 to $228 per gross square foot, while mid-level independent living projects range from $147 to $185 per gross square foot, according to a recent […]

Movers and Shakers: OnShift, Maplewood Senior Living

OnShift’s Peter Corless Begins Second Term on AHCA Governing Board Peter Corless, executive vice president of enterprise development at OnShift, has been re-elected as the associate business member (ABM) president for the American Health Care Association (AHCA). OnShift is a Cleveland-based software development firm that specializes in the post-acute care and senior living industries. Corless […]

Senior Housing Construction Costs Near Pre-Recession Highs

Senior housing construction costs are nearing pre-recession levels and will likely continue to rise, despite the labor challenges also impacting the industry. That’s according to two new issue briefs published by the American Seniors Housing Association (ASHA) and Iowa-based national construction firm The Weitz Company. The tight labor market is becoming a major issue for […]

Seniors Housing Finance Activity: KeyBank, Ziegler

Ziegler Closes $110.96 Million in Financing for Epworth Living at The Ranch Chicago-based speciality investment bank Ziegler announced the closing of the $110.96 million, unrated, tax-exempt, fixed-rate Series 2016 Bond issue for Epworth Living at The Ranch, a nonprofit continuing care retirement community (CCRC) in Stillwater, Oklahoma. The Ranch will have 23 independent living villas, […]

Senior Housing Pulls Back on New Construction

Construction and renovation projects remain popular plays for senior living providers in the year ahead, but their interest in such forays has slightly decreased, according to recently released findings from investment banking and financial advisory firm Lancaster Pollard. The survey, distributed in December, includes responses from 295 senior living providers. About 70% of respondents said […]

Labor Shortage Drives Up Senior Housing Construction Costs

A shortage of skilled workers has driven labor costs for senior living construction projects upward, causing some contractors to even turn down work or be more picky in the projects they choose. While the labor issue continues, material prices remained relatively stagnant in January after registering as costlier in August, according to a report released Wednesday. […]