SAN FRANCISCO—The new program creates permanently affordable rental units through acquisition and rehabilitation of existing properties at-risk of speculation.

BOSTON—In a deal arranged by Cushman & Wakefield's Senior Housing Capital Markets Group, LCB Senior Living LLC of Norwood, MA has secured $82.4 million in financing and joint venture equity capital for the purchase of a two-property senior housing portfolio in Shelburne and Middlebury, VT totaling 322 units.

CHICAGO—The 115-unit development will be the first LEED-certified development in suburban Park Ridge.

CARLSTADT, NJ—The Meadowlands Regional Chamber and other officials unveiled a “Vision Plan” for the Meadowlands Sports Complex on Tuesday that calls for a more than $1.5-billion complex that would include a convention center of up to 1 million square feet, two hotels with a combined 2,000 rooms, and four casino gambling sections.