The former Ocean View Hospital site could once again become a place for care, this time for senior citizens only.
Seaside Property Development Group of Concord, N.C., wants to build a 240-unit care facility with assisted and independent living, a nursing home and more for elderly residents on the 7-acre site, and it will ask the [...]
Income investors have long loved real estate investment trusts for their high dividend yields. But that was especially true when the housing market was inflated.
Now, REITs are a bit trickier.
That doesn’t mean income investors should ignore them. There are pockets of strength for real estate. Health care REITs make up one of those.
Take Nationwide Health [...]
A private, off-campus apartment complex geared toward students and located just blocks away from the University of Cincinnati is facing possible foreclosure.
The Bank of America has filed legal action in the Hamilton County Court of Common Pleas against the owner of McMillan Manor, a five-story, 122-unit apartment building that opened in 2006.
Located near the border [...]
National Health Investors, Inc. (NYSE: NHI) announced today that it will pay a special dividend of 10 cents per common share to shareholders of record on December 31, 2009 and payable on January 29, 2010. This special dividend reflects the company’s continued success in making new investments and in managing its real estate and mortgage [...]
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The Florida Agency for Health Care Administration has granted a Certificate of Need for the construction of a Westside acute-care hospital to be called West Jacksonville Medical Center.
Nashville, Tenn.-based Hospital Corporation of America Inc., which also owns Memorial Hospital and Orange Park Medical Center, will move ahead on its plans to build a hospital for [...]
SCOTTSDALE, AZ-Healthcare Trust of America Inc.’s most recent agreement involved a 92,500-square-foot, $20.5 million office portfolio in San Angelo and Corsicana, TX and Fort Wayne, IN. The portfolio is just one part of a $237 million buying spree that the local REIT began this fall.
Mark D. Engstrom, executive vice president of acquisitions with Healthcare Trust [...]
What a Texas town can teach us about health care.
It is spring in McAllen, Texas. The morning sun is warm. The streets are lined with palm trees and pickup trucks. McAllen is in Hidalgo County, which has the lowest household income in the country, but it’s a border town, and a thriving foreign-trade zone has [...]
OLYMPIA, WA (N3) – This week, we’re taking a look at how much money is being spent in our state to consolidate government data centers. In Olympia, a 300-million dollar complex is currently going up on the edge of the Capitol Campus. It’s one of the priciest state construction projects in a decade – on [...]
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Faced with what its leaders say is a critical shortage of student housing, Portland State University is turning to the private sector for help.
The university is working with American Campus Communities, a private student housing development and management company, on what could become a 16-story building with 238 apartments at 1950 S.W. Sixth Ave. The [...]
by CJ Follini
The J.D. Carlisle Development Corp. submitted a preliminary bid $80 million for the five-building complex that once housed the Cabrini Medical Center—44% less than the bankrupt institution needs to pay off its creditors.
On Friday, Grubb & Ellis filed a motion in the Bankruptcy Court for the Southern District of New York to approve [...]
