PHOENIX — McFarlin Group has acquired 6.9 acres of land in Phoenix for the development of an assisted living and memory care community. HealthSouth Corp. sold the plot for $2.7 million.
Development
STILLWATER, Minn. — Intergenerational Living & Health Care Inc. (ILHC) has acquired 57 acres of land in Stillwater, a Minneapolis suburb located along the Wisconsin border. The company plans to build The Lakes at Stillwater, a $70 million seniors housing community, on the plot.
SAN LUIS OBISPO, Calif. — Life Care Services, as development and marketing consultant, has unveiled plans for Villaggio at San Luis Obispo, a luxury continuing care retirement community (CCRC) in San Luis Obispo, located in the Central Coast area between Los Angeles and the Bay Area.
Cushman & Wakefield Arranges $34M Construction Financing for LCB Project in Connecticut
DARIEN, Conn. — Cushman & Wakefield has arranged $34 million in construction financing for LCB Senior Living, which will use the capital to build The Residence at Selleck’s Woods, a 105-unit independent living, assisted living and memory care community in Darien.