Development

Picone Construction Renovating Community in Western New York

by Jeff Shaw November 19, 2015

WILLIAMSVILLE, N.Y. — Picone Construction is renovating The Amberleigh, a seniors housing community located at 2330 Maple Road in Williamsville, a Buffalo suburb.

November 19, 2015

Lifespace to Break Ground on $9M Expansion to CCRC in Iowa

by Jeff Shaw November 18, 2015

URBANDALE, Iowa — Lifespace Communities Inc. will break ground Friday on a $9 million redevelopment project for Deerfield Retirement Community, a CCRC in the Des Moines suburb of Urbandale.

November 18, 2015

Assisted Living Development News

CBRE Arranges $21.4M Construction Loan for Assisted Living Community near Chicago

by Jeff Shaw November 16, 2015

PROSPECT HEIGHTS, Ill. — CBRE has arranged a $21.4 million loan for the construction of Greenbrier of Prospect Heights, a Class A assisted living and memory care community in the North Shore Chicago suburb of Prospect Heights.

November 16, 2015

Development News Skilled Nursing

Mainstreet Opens $19.8M Skilled Nursing Facility near Kansas City

by Jeff Shaw November 16, 2015

OVERLAND PARK, Kan. — Indiana-based skilled nursing developer Mainstreet has opened The Healthcare Resort of Shawnee Mission, a skilled nursing facility in the Kansas City submarket of Overland Park.

November 16, 2015

Development Independent Living News

Spectrum Starts Construction on Independent Living Community in Austin, Texas

by Jeff Shaw November 16, 2015

AUSTIN, Texas — Spectrum Retirement Communities has started construction on Lake Travis Independent Living, a 150,000-square-foot luxury community in Austin.

November 16, 2015

Development Finance News

RED Arranges $36.4M Construction Loan for 195-Unit Community in New Jersey

by Jeff Shaw November 13, 2015

HAMILTON, N.J. — RED Capital Partners LLC, the debt and equity banking arm of capital provider RED Capital Group, has arranged a $36.4 million first mortgage construction loan for Homestead Senior Living LLC to build Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton.

November 13, 2015

Development Finance News

Ziegler Closes $48.7M Bond Financing for Renovation, Expansion of Rosedale Green Skilled Nursing Facility in Kentucky

by Jeff Shaw November 13, 2015

COVINGTON, Ky. — Ziegler, a specialty investment bank, has closed $48.7 million in bonds for the expansion and renovation of Rosedale Green, a skilled nursing community in the Cincinnati suburb of Covington.

November 13, 2015

Development News

Love Funding Arranges $19.7M Construction Loan for Veterans Community in Florida

by Jeff Shaw November 11, 2015

JACKSONVILLE, Fla. — Love Funding has arranged a $19.7 million HUD loan for the construction and permanent financing of Anthem Lakes, a seniors housing community in Jacksonville.

November 11, 2015

Development News

Lee & Associates Brokers $10.7M Sale of Office Site for Conversion to Seniors Housing

by Jeff Shaw November 11, 2015

CARPINTERIA, Calif. — Lee & Associates has arranged the sale of a 51,585-square-foot office building in the coastal Southern California town of Carpinteria for $10.7 million.

November 11, 2015

CCRC Development News

SQLC Breaks Ground on $72M Expansion to The Buckingham CCRC in Houston

by Jeff Shaw November 10, 2015

HOUSTON — Developer and operator Senior Quality Lifestyles Corp. (SQLC) has broken ground an a 183-unit, $72 million expansion to The Buckingham, a nonprofit continuing care retirement community in Houston.

November 10, 2015

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