Regions
First Westchester County Affordable Assisted Living Facility Opens
The Westchester Center for Independent & Assisted Living has opened in Yonkers as the first facility in Westchester County, N.Y., to offer an Medicaid-funded assisted living model of care to seniors, regardless of their income level.
Award-winning 40 Park Helping Transform Downtown Morristown
Four years ago, the former Epstein’s Department Store in downtown Morristown, N.J., was given new life as 40 Park, an upscale, mixed-use development featuring more than 200 luxury condominiums and rental residences.
Brookdale Senior Living Grabs Nine Properties for $121.3M
Brookdale Senior Living continues to expand its holdings by adding over a thousand units in one fell swoop.
TODAY'S DEALS: Jones Lang LaSalle Secures $98M Financing for Greystar
Jones Lang LaSalle lands $98 million in acquisition financing; KBS acquires a 196-unit asset near Chicago; and Beech Street Capital provides $12.5 million for 50 units in New Jersey.
Joint Venture to Develop Two Student Housing Communities
Sterling University Housing and Specialized Real Estate Group have partnered to build two student housing developments in walking distance of the University of Arkansas in Fayetteville, Ark.
Developer Wins Funding For Remake of N.C. Industrial Properties into Affordable Housing
The Landmark Group has secured funding for the acquisition and adaptive reuse of two historic former mills in downtown Asheboro, N.C.
TODAY'S DEALS: Insight Buys Post Office, Plans 310-Unit Development
Insight Property Group buys a post office and plans a $75 million development; ARA sells a 600-bed asset serving North Carolina State University; and NorthMarq arranges a $20.2 million refi for a Chicago property at sub-4 percent interest rate.
Award-Winning Seniors Community Highlights Importance of Accessibility
KTGY Group Inc., Architecture + Planning, announced their new community Foursquare Senior Living in Portland, Ore., which is expected to commence construction in the spring of 2012.
Florida Condo Sales, Prices Edge Up in Fourth Quarter
Florida Realtors reports that existing condo sales in the state were up 4 percent in the fourth quarter of 2011, compared with the same period a year earlier.
Renters Show 'Tremendous Response' to Phase One at 25 Broad
Real estate investment and development company LCOR announced that Phase One at 25 Broad, comprising 209 of the planned 307 units, is 70 percent leased.