Even with the wealth of data available on supply and demand, what pitfalls can developers fall into?
Brokerage firm finds its niche in specialized knowledge of seniors housing.
CHANDLER, Ariz. — Colliers International has brokered the sale of a 5.8-acre parcel in the Phoenix Suburb of Chandler for $3.2 million. The buyer will use the land to build The Park at Copper Creek, a $40 million independent living community.
LAWRENCE, N.Y. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm based in Lawrence, has arranged the sale of a three-property, 254-bed skilled nursing portfolio in Ohio.
COVINGTON, La. — Discovery Senior Living will cut the ribbon next week on a new memory care courtyard at The Trace, a seniors housing community in the New Orleans suburb of Covington.
BURR RIDGE and GLENVIEW, Ill. — Anthem Memory Care has hired new executive directors for two of its communities in the Chicago.
IRVINE, Calif. — HCP (NYSE: HCP) has hired Scott Brinker as chief investment officer and executive vice president.
CHULA VISTA, Calif. — Cushman & Wakefield Senior Housing Capital Markets has arranged $8.3 million in institutional equity capital and $22 million in construction debt for a joint venture between Douglas Wilson Cos. and Milestone Retirement Communities LLC.
CONWAY, Ark. — Abby Development has unveiled plans for Arabella of Conway, a 92-unit independent living, assisted living and memory care community in Conway, approximately 30 miles north of Little Rock.
CHICAGO — MB Financial Bank, a Chicago-based commercial bank, has added seven members to its Healthcare Banking team, which services healthcare providers including skilled nursing.