As U.S. chain retailers absorb the lessons of the Great Recession, many big-box chains have started to shrink average store footprints to reflect the growing importance of multi-channel shopping, adapt to urban settings and recognize the need to...
Deaconess Long Term Care Inc. has sold 11 of its facilities in Missouri to affiliates of Platinum Health Care LLC for $27.2 million in an all-cash deal. Consisting of 852 licensed skilled nursing beds and 128 assisted living beds, the portfolio...
That three-letter acronym many hotel owners loathe to hear, PIP, or property improvement plan, has come out of hibernation. With the net operating income of the average U.S. hotel expected to rise 10.9% this year, according to PKF Hospitality...
Benchmark Senior Living, New England’s largest assisted living provider, has signed a definitive agreement to form an $890 million partnership with Health Care REIT (NYSE: HCN). The partnership will include 34 Benchmark senior housing communities...
Polychlorinated biphenyls, known as PCBs, are man-made organic chemicals manufactured in the United States from 1929 until they were banned in 1979 because of indications that they cause cancer and have other serious health consequences. ...
The success of a business model often depends on current economic conditions. Take, for example, Erickson Retirement Communities of Catonsville, Md. The company built a number of large-scale continuing care projects when capital was readily avail...
Growing up on the Caribbean island-nation of Antigua, Egbert Perry recalls, “I never felt poor.” True, his father, Percival Perry, earned only about $1,000 a year running a chicken feed business, and Egbert was one of 11 children.
But wealth com...
Leverage is like cocaine, theorizes Leo Wells, founder and president of Wells Real Estate Funds, which has invested more than $12 billion in real estate since its inception in 1984. “Everybody is going to start off as a social user, and debt is t...