Development
Pennrose Debuts NJ Senior Redevelopment
The 62-unit independent living community is a $25 million adaptive reuse and historic renovation and adaptive reuse of the Roosevelt hospital, built in 1937.
Financing Solutions for Sustainable Development
At the NYU Schack Institute of Real Estate’s Conference on Sustainable Real Estate, executives examined the forces impacting sustainability financing, the efforts being made to scale green building efforts and the challenges ahead.
Raleigh Senior Community Expands
Kisco Senior Living’s Cardinal at North Hills will expand its campus with a 15-story high-rise building, which will add 160 units to the property.
Housing Trust Group Completes Phase 1 of AZ Luxury Property
Aviva, in the Phoenix suburb of Mesa, includes 166 units and features a 150-foot resort-style pool, electric car stations and yoga/spin studio. Phase two will be the addition of seven more buildings that will house the remaining 159 units.
CA Senior Community Lands $10M in Construction Financing
Vine Ridge is an upcoming 51-unit, 42,000-square-foot assisted living community located along the Russian River in Sonoma County.
FL Assisted Living and Memory Care Center Breaks Ground
The luxury Watercrest Naples community will feature 96 assisted living and 32 memory care units, and will provide resort-style amenities to future residents.
Northeast Buyers Shift Focus to Miami
Henry Torres, president & CEO of The Astor Cos., talks to MHN about how tax reform has encouraged buyers to look south, and why Coral Gables is proving to be an attractive place for investment.
JPI to Develop Santa Clarita Community
Jefferson Vista Canyon, a 480-unit apartment community in the master-planned Vista Canyon in California, is slated for completion in 2020.
GMH Capital Partners Opens PA Upscale Asset
The Pendleton at Cranberry Woods is 25 minutes north of downtown Pittsburgh and offers 320 units.
Henley, Tower 16 Launch Vegas Brand
The partnership will acquire multiple multifamily assets in the coming months, targeting value-add opportunities and applying renovations under the Altura brand. The first property is slated to open this summer under the new name.