Planned $360 Million Hospital Reaches for LEED Gold

PORTLAND, Ore. — Plans are in the works for a new $360 million Kaiser Permanent hospital complex that will meet some of the worlds strictest environmental standards. Health care system officials predict the Kaiser Westside Medical Center in Tanasbourne — between Beaverton and Hillsboro — will qualify for LEED Gold status, making it one of just 36 health care facilities in the world to reach that designation.

While LEED-certified buildings are becoming common, achieving LEED certification in the medical building world has thus far been uncommon.

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Cambridge Finances New Nursing Home Projects

OTTAWA, Ill. — Cambridge Realty Capital announced has closed on a $15.3 million, 40-year term loan to finance the construction of the Ottawa Pavilion, a 129-bed skilled care nursing home in Ottawa, Ill.

The Illinois-based Cambridge is a limited liability company that underwrites FHA-insured HUD loans for its property owners. The fully-amortized loan was processed using HUD’s Section 232 funding program. The loan’s interest rate was not made public.

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