Healthcare Real Estate

Carrfour, Florida's largest nonprofit affordable housing developer, is partnering with the Jerome Golden Center for Behavioral Health to develop the Dr. Alice Moore Apartments project at 335 27th St. in the Northwoods Shore neighborhood of West Palm Beach.

Amboy Bank previously provided $50 million to finance a health and fitness complex and medical office complexes on the Bordentown development.

The venture has announced that its first project will be in Coral Gables at 250 Bird Road, bounded by Aurora Street, Altara Avenue and Salzedo Street. Construction on the project is expected to start in mid-2020 and to be complete within two years of the start of construction.

The NIC reports that overall occupancy at skilled nursing facilities held firm at 82.4% at the end of the fourth quarter of 2018, which was virtually unchanged from the third quarter of 2018 and down 35 basis points from 82.8% in the fourth quarter of 2017.

The seven-story 939 Ellis, which Seavest Healthcare Properties acquired in June 2018 for $49 million, consists of 87,189 square feet of rentable office space, and 53 parking spaces. The acquisition marked Seavest's entrance into the San Francisco real estate market.

There is $3.5 billion in capital investment planned over the next 24 months in Phoenix's growing bioscience market.

The residential and commercial developer tapped Nichols to help it expand development of independent living, assisted living, memory care, and active adult communities.

Convene and Eden Health will build primary care offices at Convene locations, starting in six US cities later this year.