ALAMEDA, Calif. — Eden Housing, along with the City of Alameda and Alameda Point Partners, has opened Corsair Flats in Alameda, a suburb of Oakland. The new affordable residential community features 60 residential units for low-income seniors age 62 and up. It is the first of two affordable residential communities to be completed by Eden Housing at Alameda Point’s Site A. The $1 billion, mixed-use, transit-oriented, waterfront development is located on the site of the former Naval Air Station Alameda, which closed over 20 years ago. KTGY Architecture + Planning …
California
SACRAMENTO, Calif. — Oakmont Senior Living has opened an independent living, assisted living and memory care community in the East Sacramento neighborhood of the state capital. Located in the Fabulous Forties area, Oakmont of East Sacramento totals 140,000 square feet, plus a 36,000-square-foot parking garage, on a 3.5-acre plot. The community features 100 independent living/assisted living units and 42 memory care units. Terry Ervin is the executive director and Deanna Barker is director of memory care.
PALO ALTO, Calif. — Gantry has arranged a $45 million loan to refinance debt on Palo Alto Commons and Avant, a senior living campus in the San Jose suburb of Palo Alto. Palo Alto Commons, constructed in 1990, is an assisted living facility featuring 142 units. It is a three-story, wood-frame structure that provides traditional assisted living services as well as higher acuity memory care services. The Avant was constructed in 2012. It is a 45-unit independent living facility that complements the operations of Palo Alto Commons. Gantry’s Jeff Wilcox …
WALNUT CREEK, Calif. — Sequoia Living has re-opened the preview center at Viamonte at Walnut Creek as the continuing care retirement community (CCRC) nears completion. First move-ins are scheduled to start in a few weeks at the 200-unit community. Construction began three years ago. The property is located in Walnut Creek in the San Francisco Bay Area.
LAGUNA NIGUEL, Calif. — CBRE National Senior Housing has arranged an $80 million loan to refinance debt on Crestavilla, a recently built, “ultra-luxury” community in Laguna Niguel, located in Orange County. The property features 201 units of independent living, assisted living and memory care on an 11.6-acre site. Atria Senior Living is the operator. Construction began in 2016 and was completed in 2018. Aron Will, Austin Sacco and Tim Root of CBRE National Senior Housing arranged the refinance on behalf of a joint venture between Fremont Realty Capital and Steadfast …
Oakmont Senior Living Names Mark Maclaine as Regional VP of Operations, Allison Singler as Regional VP of Sales
by Jeff Shaw
WINDSOR, Calif. — Oakmont Senior Living, a Windsor-based owner-operator, has promoted Mark Maclaine to regional vice president of operations and added Allison Singler to its management team as regional vice president of sales and marketing. Both Maclaine and Singler will be responsible for the Central California region of Oakmont’s portfolio of senior living communities. Singler has more than 20 years of experience in the senior living industry with a background in sales and marketing. She is also experienced with developing sales strategies for communities and creating sales training and development …
CHICO and OROVILLE, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of three Roseleaf-branded seniors housing communities totaling 85 units and 131 beds. Roseleaf Gardens and Roseleaf Senior Care are located in Chico, in the Northern Sacramento Valley. Roseleaf Oroville is located in Oroville, in Butte County. The facilities are approximately 20,000, 5,000 and 24,900 square feet, respectively. The seller is a local owner-operator with these being their only senior care communities. The buyer is a regional group making its first entrance to the senior care space. …
SAN BERNARDINO COUNTY, Calif. — JCH Senior Housing Investment Brokerage has arranged thes sale of an 83-Unit assisted living and memory care facility in San Bernardino County. The price was $13.9 million, or $168,000 per unit. The buyer, seller and name of the community were not disclosed. Jim Hazzard, and Cindy Hazzard handled the transaction process.
Advocacy Development Partners Completes Entitlements for 83-unit Assisted Living Project in San Jose
by Jeff Shaw
SAN JOSE — Advocacy Development Partners (ADP) has received unanimous approval from the San Jose City Council for a new assisted living and memory care project in the city. The 1.2-acre project will include 73,000 square feet of living and common areas, comprised of 83 units and 93 beds. “This facility underscores the need for assisted living and memory care for senior residents in San Jose,” says Pam Foled, councilmember for District 9, where the community will be located. “This project meets the market demand in a fashion that is …
LOS ANGELES — MP Los Angeles, the developer behind the massive $1 billion Hollywood Center mixed-use project in Los Angeles, has unveiled plans for 130 units of affordable seniors housing at the development. The proposal calls for four new buildings — one rising 46 stories, another 35 stories and two mid-rise, 11-story buildings — filling the surface parking lots around the Capitol Records Building. The project is located at Los Angeles’ renowned Hollywood and Vine intersection, including LA Metro’s Red Line transit stop across the street. “We believe Hollywood Center …