NEW YORK: Allergan AGN, the drug giant that is famed for Botox but also makes antibiotics and an Alzheimer’s treatment, will spend $560 million to purchase Naurex, an Evanston, Ill.-based developer of antidepressants that can work in hours, compared to weeks for existing depression pills. Read More »
Seniors housing developers compete for Global Award
NEW YORK: The six hundred and fortieth entry for the seniors housing Global Awards for 2015 has been received.
J Mitchell Advisors expects to start construction on a 17-story senior-living complex by year’s end, with the first residents moving in by 2017, CEO Jim Mitchell said. Read More »
Need for affordable housing driving unintended adverse social consequence
CHICAGO: The drive to force major multigenerational residential developers to fund affordable housing as part of the planning consent process, is having an unintended and repugnant consequence.
Some developers, when pressured to put affordable units within market priced apartment buildings, are responding with separate entrances. Read More »
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Age care compounds becoming soft crime targets
NEW YORK: Retirement communities and skilled nursing homes imply a level of elevated safety in their commercial pitch to prospective customers.
But evidence is mounting that age-apartheid compounds are increasingly becoming soft crime targets and the care sector is trashing its reputation by doing nothing Read More »