Construction has begun on Argyle Apartments, a 40-unit affordable housing project at 1600 N. Western Ave in Hollywood. The four-story structure is meant to house both seniors and young families. AMCAL Multi-Housing is developing the property, which will be LEED certified....More
BURNSVILLE, MN—A partnership of Ebenezer Management Services and Kraus-Anderson Realty has opened its $12 million expansion of the Arbors at Ridges seniors housing complex
The new three-story property includes 62 assisted living units and six units designed for post-operative and therapy residents. The addition also allows the community to add memory care services, which will complete the care continuum for Ebenezer Ridges residents....More
Dominion Healthcare Financial Corp. has closed a $21.5 million loan deal for two skilled nursing facilities in Oahu, Hawaii. The Los Angeles-based company arranged a combination term loan and a revolving credit facility, which will be used to refinance a current HUD loan, consolidate other debt and provide some working capital....More
Erickson Living, a developer and manager of continuing care retirement communities, has acquired 460 Mountain Ave. in Murray Hill, N.J. from Linde LLC, a member of The Linde Group, for an undisclosed purchase price....More
The steady flow of capital moving into the seniors housing sector continues to gain momentum. the exclusive results of a first-quarter survey conducted by NREI and Senior Housing Global Advisors show an active pipeline on all fronts....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?