New Homes In Southern California

Biz Briefs – Be.Group, Cambridge, WellAWARE, NHI, BIA/SC 50+ Housing Council

Southern California Presbyterian Homes has announced that is has changed its name to the be.group. The nonprofit organization provides housing services to more than 5,300 older adults across California. Since it began in 1955, be.group has grown from one senior living community—White Sands La Jolla—to 34 licensed and affordable housing communities, each with its own unique personality, attributes and amenities.  The name-change process took nearly a year, he said, and involved extensive research and in-depth conversations with those who have a stake in the organization, including residents, employees, donors and representatives from faith-based groups.

“We believe our new name is more reflective of our mission and the depth and breadth of what we offer today’s older generation,” said John H. Cochrane, III, be.group’s president and CEO. “We serve people of all faiths and beliefs, and our communities are truly places where residents can be everything they want to be. The name change reinforces both who we are and how we serve older adults.”

Cambridge Realty Capital Companies has arranged a $4.5 million FHA-insured HUD Lean first mortgage loan to refinance Summer Meadows, a 115-bed skilled nursing facility in Longview, Texas.  The loan was refinanced via the HUD Section 232 program pursuant to the section 223(f) funding program.  The loan was arranged by Cambridge national operations manager Hymie Barber.

During the first quarter, Cambridge reported processing 54 loan origination requests totaling $976.1 million for HUD refinancing, conventional refinancing, acquisitions and new construction and it closed 10 senior housing/healthcare transactions totaling $103 million.

WellAWARE Systems recently announced its partnership with Volunteers of America (VOA) has been expanded to include all VOA assisted living and memory care managed communities.

“Senior care providers have an undeniable obligation to provide the best care possible for the residents entrusted in their care. That means finding new, more efficient ways of delivering care that identifies health issues before they become major health conditions,” said Wayne Olson, SVP, Healthcare Operations, VOA. “Our vision and our responsibility are to raise the bar and establish a new standard of senior care that will combine the latest innovative technology with the best hands-on care possible. Without question, WellAWARE is the partner that will help us make our vision a reality.

Daily New: April home sales in Southern California hit three-year ...

Builders are trying to attract buyers by touting the green credentials of new homes, as well as offering incentives such as interest rate buy-downs — in which builders help buyers secure a rate lower than the going rate by paying extra cash up front to lenders — and providing cash to go toward buyers' closing costs. KB Home handed out free boxes of See's chocolates over Mother's Day weekend to people touring model homes.

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