BlackSwan Zine

Report Cites Trends in Demographics, Consumer Behavior as Drivers of New Markets. As the U.S. economy recovers, emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one that existed prior to the recession

A former official of the Economic Development Corp. of Kansas City is leading a partnership proposing to develop roughly $100 million worth of senior apartments and commercial buildings on the Research Medical Center Brookside Campus.

Not long ago, largely because of the energy boom, workers could hardly find a vacant house or a hotel room in Sweetwater County. It was even harder for students at Western Wyoming Community College facing full dorms and long waiting lists. How times have changed.

Cambridge Realty Capital announced that it recently closed a 12.5 million FHA-insured first mortgage loan to refinance The Ponds, a 116-bed assisted living facility in Lincolnshire, Illinois. The Ponds is part of an upscale continuing care community located on a wooded 20-acre site in Lincolnshire, a northern Chicago suburb.

Extra Space Storage Inc. (”Extra Space” or the “Company”) (NYSE: EXR) announced today that it has closed its previously announced joint venture (the “JV”) with an affiliate of Harrison Street Real Estate Capital, LLC (”HSRE”).
HSRE contributed approximately $15.8 million in cash to the JV in return for a 50.0% ownership interest. The Company contributed [...]

At Tuesday’s Morgantown City Council meeting, architects unveiled plans for a proposed $30-million, six-floor, mixed-use residential unit to be built on Beechurst Avenue. The proposed project will be built between Third and Fourth streets.

Memorial Sloan-Kettering Cancer Center made a last-minute, $80.1 million bid earlier this week for the five-building complex that once housed the Cabrini Medical Center. The bid tops by a mere $100,000 a December offer from developer J.D. Carlisle.

Putting its doctors to work next to the shampoo and toothpaste aisles in a chain of New York City drugstores is paying off for a big Manhattan hospital system. Continuum Health Partners’ two-year-old arrangement to place its physicians in walk-in medical clinics at Duane Reade pharmacies has done even better than the health system hoped.

A rival, powerhouse medical group has proposed taking over and shuttering the 160-year-old St. Vincent’s Medical Center in Greenwich Village, which would spell the end of the city’s only remaining Catholic hospital, The Post has learned.
Continuum Health Partners — which operates Beth Israel, St. Luke’s and Roosevelt hospitals in Manhattan — has submitted a plan to assume control of the financially struggling, 727-bed St. Vincent’s, sources said.

Senior living communities increasingly look to the hospitality industry for a model of exceptional service and desirable amenities. The trend signals senior living’s growing sophistication and market orientation. But leaders should be mindful of what drives this move to hospitality.