Senior Housing: As demand grows, area sees more assisted living
At first, Margaret Nelson-Merwin didn’t want to move into an assisted living apartment. She didn’t think her nearly 13-year-old chow, Sophie, would like it either. “The doctor recommended it,” said Nelson-Merwin, 71. “The dog and I were both used to a big house.”
Read more →Student Housing: LSU starts construction of new complex
Preliminary construction on LSU’s new Business Education Complex began Monday. The project is the first of a slew of new buildings about to start popping up on campus. The business complex will have an official groundbreaking ceremony March 19.
Read more →Farkas Closes Deal to Buy Centerline
New York real-estate investor Andrew Farkas has closed a deal to buy Centerline Holding Co., one of the nation’s largest commercial-mortgage-servicing specialists, putting in $100 million in new equity and assuming about $180 million of Centerline’s debt.
Read more →Healthcare: Catonsville health center sells for $10.4M
JAG Associates of Frederick has acquired the St. Agnes Healthcare Center in Catonsville for $10.4 million, according to Northmarq Capital, which represented the buyer. The 80,293-square-foot, two-story property, previously owned by Lord Baltimore Properties, was completely renovated with a new building skin.
Read more →Healthcare: NHP Gets Medical Office Buildings
Nationwide Health Properties Inc., a real estate investment trust (REIT) that invests in health care facilities, recently acquired five medical office buildings (MOBs) in California from Pacific Medical Buildings LLC. Pacific Medical specializes exclusively in the development and management of MOB, outpatient facilities and parking structures for hospitals, medical groups and universities.
Read more →Healthcare: Providence plans new building in expansion to begin next year
Providence Alaska Medical Center on Wednesday announced plans for a $150.3 million expansion, including modernization and additions to its newborn intensive care and cardiac surgery areas. Providence executives said they will remodel 100,789 square feet of existing space and build a new 85,782-square-foot building.
Read more →Media: Hangar42 Studios To Open in Former Automotive Manufacturing Plant As State’s Largest Film Production Studio
Following on the heels of an announcement in Governor Granholm’s State of the State Address last night, Hangar42 Studios today officially announces the opening of its nearly 500,000-square-foot full-service film production studio in Grand Rapids, Mich.
Read more →Healthcare: Hospital jobs infuse health into economy
The first new hospital in Hillsborough County in 30 years offers as much a cure for the area’s economy as it does for ailing patients. Nearly 500 workers have now been hired to staff St. Joseph’s Hospital-North. The jobs, providing the equivalent of about 450 full-time positions, pay on average $22-$23 an hour and carry with them a $24.4 million payroll in the first year of operation.
Read more →Transit: Inspired Ethonomics: Portland, a Global Model of Transit-Oriented Development
Portland, Oregon, is consistently ranked as one of the country’s most livable cities (and it was a Fast City in 2007). And it continues to show solid growth despite having the second lowest per capita transit spending of the 28 largest U.S. metropolitan areas.
Read more →Healthcare Trust Goes on $84M MOB Shopping Spree
When it comes to occupancy levels, the medical office building sector has been faring a great deal better than the traditional office market, and Healthcare Trust of America Inc. is doing its level best to enhance its portfolio at a time when many office property owners are still sitting on the sidelines.
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