Development

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.

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.

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.

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.

HAMILTON, N.J. — Solvere Senior Living, along with co-developer and general contractor Pike Construction Co., have broken ground on Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton, located approximately midway between New York City and Philadelphia.