While the Long Island Lighthouse project, a plan to revitalize Nassau Coliseum and its surrounding area with a new arena, walkable downtown, office space and residential units, has recently gained momentum for Islanders owner and Long Island Lighthouse Development Group principal, Charles Wang, the project may have also served as a catalyst for the long [...]
Read more →EDMOND — Silver Oak Senior Living, a management, development and construction company headquartered in Edmond, sold its Silver Oak of Jefferson’s Garden property, 15401 N. Pennsylvania Ave., to Legend Senior Living Aug. 1.
Legend Senior Living, headquartered in Wichita, Kan., purchased the property, which consists of 39 private apartments, employs about 45 people and is [...]
Silicon Valley Community Foundation (SVCF) has awarded more than $800,000 in grants to help the regional planning efforts to improve the California community.
Among the goals that the foundation hopes to achieve with the funding is to reduce the community’s traffic and air pollution, create affordable housing units and mixed use developments close to transportation. According [...]
Emeritus Corp.’s (ESC) second-quarter loss shrunk as the senior housing company’s higher occupancy and rising revenue helped it handily beat analysts’ estimates.
The Seattle provider of assisted-living, Alzheimer’s and dementia-care services said its second-quarter loss decreased to $7.3 million, or 18 cents a share, from $25.2 million, or 65 cents a share a year earlier, when [...]
LONG BEACH, Calif., Aug 10, 2009 (BUSINESS WIRE) —-HCP (NYSE:HCP) announced that it has successfully completed its $441 million public offering of 17.8 million shares of common stock at a price per share of $24.75, which includes 2.3 million shares sold to the underwriters upon exercise of their option to purchase additional shares. HCP will [...]
Read more →FLINT — The old Durant Hotel won’t be ready for University of Michigan-Flint students until at least the second semester of the college year, months later than developers had originally hoped and at a time when demand for student housing still appears to be rising.
FJ: Bummer. Judging by the volume of inquiries reported, quite a [...]
GROWTHFIVE STRUCTURES UNDER WAY CARRY TOTAL PRICE TAG OF $534 MILLION
Imagine if someone announced that more than $500 million of construction and up to seven new buildings would rise up practically all at once on the edge of downtown Oklahoma City.
No single announcement has ever been made, but such an expansion is under way at [...]
Officials with the University of Louisville held a ribbon cutting ceremony Tuesday to mark the opening of The Province, an 858-bed student-housing complex.
The complex, which is located at 500 Ruggles Place, two blocks west of the intersection of Fourth and Lee streets, was developed by Columbus, Ohio-based Edwards Cos., in conjunction with the university and [...]
Developers find market in apartments, storage.
Finding little demand for new subdivisions and retail centers, Memphis-area developers have turned to two types of projects that have remained marketable even during the economic downturn: self-storage units and apartment complexes.
In recent months, two large-scale storage facilities and two major apartment complex projects have been proposed by developers in [...]
A new $280 million community at the University of California, Davis — already innovative for its plan to mix student and employee housing, retail space and a community college center — is breaking ground in more ways than one, thanks to an almost $2 million grant from the California Energy Commission.
The planners for West Village, [...]
