Archive for July, 2009
Senior Housing: Elderwood adding Rochester facility

Senior Housing: Elderwood adding Rochester facility

Posted 07.20.2009 | Categories: Senior Housing/Assisted Living | No Comments

ElderWood Senior Care has expanded into the Rochester region with a new assisted living facility.
The two-story facility in Penfield, scheduled to open in early 2010, will include 90 studio, one and two-bedroom units. It is also licensed for 50 beds through the State Assisted Living Program, which provides Medicaid-funded home care services.
The privately-funded project will [...]

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Student Housing: WSU may give up its apartments

Student Housing: WSU may give up its apartments

Posted 07.20.2009 | Categories: Student Housing | No Comments

Under a possible new land lease agreement, WSU would no longer manage apartments.
A new agreement could transfer the management of WSU’s off-campus apartments to a private company for at least 65 years. Two of the university’s nine apartment complexes would likely be demolished.
Under the terms of an agreement between WSU and American Campus Communities, [...]

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Hospitality: Bargain sale pulls millionaires resort from bankruptcy

Hospitality: Bargain sale pulls millionaires resort from bankruptcy

Posted 07.20.2009 | Categories: Hospitality/Fractional Ownership | No Comments

MONTANA – The ultra-posh, millionaires-only resort, the Yellowstone Club, is in new hands following a US$115 million deal that the new owner hopes will close the door on the club’s much publicised descent into bankruptcy.
Eight months ago, it was on the verge of liquidation, a victim of its previous owners’ excesses and the economic downturn [...]

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Hospitality: Gay Travel Snapshot – Spring and Summer 2009

Hospitality: Gay Travel Snapshot – Spring and Summer 2009

Posted 07.19.2009 | Categories: Hospitality/Fractional Ownership | No Comments

While Americans cope with new economic realities, many by shifting consumer priorities and curbing household expenses across-the-board, a new national survey conducted online by Witeck Combs Communications and Harris Interactive(R) shows marked differences in travel expectations over the next four months.
On balance, for all American adults sampled who also say they plan to travel in [...]

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Senior Housing: 2 Westchester assisted-living centers offered $3.1M in tax breaks

Senior Housing: 2 Westchester assisted-living centers offered $3.1M in tax breaks

Posted 07.19.2009 | Categories: Senior Housing/Assisted Living | No Comments

Two assisted-living centers proposed for Scarsdale and White Plains would receive tax breaks totaling $3.1 million through the Westchester County Industrial Development Agency.
The IDA this week tentatively approved a $1.08 million sales tax exemption and a $423,000 mortgage tax exemption for Engel Burman Group of Garden City, Long Island. Engel Burman is the lead developer [...]

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Media Production: New film production studio planned

Media Production: New film production studio planned

Posted 07.16.2009 | Categories: Media Production Infrastructure | No Comments

A building that houses light manufacturing and warehouse space is expected to be soon bustling with film crews after its purchase by the Connecticut Film Center.
Headquartered in Stamford and with facilities in Norwalk, the center plans to house its production and soundstage facilities in the 155,000-square-foot building at 300 Stillwater Ave., which it purchased from [...]

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Data Centers: We’re dealin’, Apple tells potential North Carolina vendors

Data Centers: We’re dealin’, Apple tells potential North Carolina vendors

Posted 07.16.2009 | Categories: Data Centers | No Comments

Want to supply fiber optic cable to Apple Inc.? Or maybe mow the grass?
Now that an Apple data center is officially coming to Maiden, in southern Catawba County,  lots of people will want a bite.
It’s way too early to apply for one of the 50 jobs that will be filled when the 500,000-square foot center [...]

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Student Housing: Oregon project in works

Posted 07.16.2009 | Categories: Student Housing | No Comments

Closely spaced town houses on Patterson are planned to qualify for single-family status
A developer is planning to build eight, five-bedroom student town houses on Patterson Street with exactly one inch of open space in between each of the houses.
The purpose of the inch gap is to qualify the project at 953½ Patterson St. for construction [...]

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Healthcare: Inova Fair Oaks opens surgery center

Healthcare: Inova Fair Oaks opens surgery center

Posted 07.16.2009 | Categories: Medical Office/Healthcare | No Comments

Officials at Inova Fair Oaks Hospital hope that the facility’s new outpatient surgery center will be an appealing new option for people who need to have minor surgical procedures.
The Ambulatory Surgery Center, located in a new $21 million medical office building on the hospital campus, opened last week and has already treated its first patients, [...]

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Student Housing: Real-estate investors go back to schools

Posted 07.16.2009 | Categories: Student Housing | No Comments

The old adage – there is no better time to go back to school than during a recession – seems to ring true for real estate investments as well.
With recession-wary workers and rising international interest driving up university applications, student home operators in the UK are enjoying near 100 percent occupancies, with rents predicted to [...]

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