Campus Habitat, one of the nation’s leading student housing owner/operators, closes on the acquisition of University Club at Howard, a 120-unit, 480-bed student housing asset located directly across the street from Western Michigan University in Kalamazoo, MI. Built in 2001, University Club consists entirely of four-bedroom units and is 100% pre-leased for the 2009-2010 [...]
Read more →Beverly Hospital’s new outpatient center, a three-story 99,000 square-foot facility, provides day surgery, sports medicine, women’s healthcare, cardiovascular care, imaging & pain management services and medical offices. The $30 million facility replaces the Hospital’s aging Hunt Center. In a statement, Beverly Hospital said the new facility “extends our ability to deliver comprehensive, high-quality care to [...]
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PASADENA, CA-San Diego-based healthcare real estate developer Pacific Medical Buildings will open a new 190,000-square-foot medical office building this summer on the campus of Huntington Memorial Hospital. According to PMB, the San Diego-based company was chosen by Huntington to develop the project when the hospital wanted to build additional medical office and outpatient services space [...]
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Building Design and Construction
University of Illinois Urbana-Champaign hires the team of 4240 Architecture and KSQ Architects to design Residence Hall West, part of Ikenberry Commons. “Serving the University’s diverse population of students with facilities that are accessible and innovative is a high priority for University Housing,” says John E. Collins, director of University Housing at [...]
The financial meltdown of Sunwest Management continues to send shock waves through the investor and seniors housing communities, and raises new questions about how tenant-in-common (TIC) offerings will be marketed and sold in the future.
At its peak, Sunwest was one of the largest assisted living owners and operators with over 275 properties in 37 states [...]
GROSS MARGIN INCREASES 51% ON 19% REVENUE GAIN
FRIENDSWOOD, Texas, May 20 /PRNewswire-FirstCall/ — TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR) (”TrinityCare” or the “Company”), which develops, manages and owns faith-based senior living facilities, today announced its operating results for the first quarter of 2009.
For the three months ended March 31, 2009, total revenues rose [...]
Jet Linx Aviation, a private jet travel and aircraft management company, and CoGoJets, an online social networking website where members coordinate air travel and book a private jet together on a per-seat, pro rata basis, are partnering with Dallas businessmen to open a Dallas Love Field location in July 2009.
Jamie Walker, CEO of Omaha-based Jet [...]
RALEIGH – The Preiss Company (”TPCO”), the largest provider of off-campus student housing at North Carolina State University, Clemson University, Auburn University in Alabama, and the University of Texas in Austin and the second largest provider at UNC Charlotte, has been selected by the Greater Raleigh Chamber of Commerce to receive the organization’s Steady Growth [...]
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A large, upscale apartment-style housing project for undergraduates at the University of Massachusetts campus is being proposed for a neighborhood just south of the campus, with neighbors being approached about selling their properties.
Dano Weisbord, of 138 Sunset Ave., said he recently met with James Frey, vice president of land acquisition for Edwards Communities Development Co. [...]
If you have had a teenager or been one at any time since 1985, you probably know the movie, “Back to the Future,” in which a young Michael J. Fox travels back in time in a souped-up DeLorean sports car. While there, he makes a few changes to the past to make an unattractive present [...]
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