GOLETA, Calif. — CBRE Capital Markets’ Debt & Structured Finance Team has arranged a $21.9 million FHA loan for the construction of Mariposa at Ellwood Shores, an 84-unit assisted living and memory care community in Goleta, located on the coast approximately 100 miles west of Los Angeles.
ORLANDO — SunTrust Bank has provided a $39 million loan to Orlando Senior Health Network, which the owner-operator will use to expand Orlando Lutheran Towers in Orlando.
DENVER — Northstar Commercial Partners, a Denver-based developer, has broken ground on a 74-unit assisted living and memory care community in Denver.
DELRAY BEACH, Fla. — Lifespace Communities has completed the expansion of the dining facilities at Harbour’s Edge, a seniors housing community in Delray Beach, approximately 50 miles north of Miami.
MIAMI BEACH, Fla. — Pilar Carvajal, who most recently served as the chief operating officer of Mia Senior Living Solutions, has launched Innovation Senior Management, a seniors housing operator and consulting firm based in Miami Beach.
CHASKA, Minn. — The Goodman Group has promoted Matthew Kern to national director of operations of the senior living and health care division of Goodman Group. The company also promoted Shane Goodman to chief investment officer and president of JBG Design & Development.
BATON ROUGE, La. — A joint venture between CR Properties and Cardinal Ventures has broken ground on The Blake at The Grove, a 213-unit independent living, assisted living and memory care community in Louisiana’s state capital.
BURLINGTON, N.J. — The Masonic Charity Foundation of New Jersey has completed an $8.9 million clean energy makeover at Masonic Village, a seniors housing community in Burlington, located across the Delaware River from Philadelphia.
HOUSTON — A joint venture between PinPoint Senior Living and LifeWell Senior Living, both Houston-based developers, has announced plans for four new seniors housing communities in Texas and New Mexico.
LONGVIEW and ATHENS, Texas — Civitas Senior Living has acquired Arabella of Longview and Arabella of Athens, both located in East Texas, for an undisclosed price. The seller, Dallas-based Abby Development, recently completed construction on both properties.