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.
KETTERING, Ohio — Kettering Medical Center is moving forward on plans to expand its campus. The center looks to add a multilevel parking garage, outpatient surgery center, and a proton therapy center and office building on 34 acres across from the hospital.
BUTLER, Pa — International architectural and design firm Stantec Inc. has completed a merger with Burt Hill, a 600-person integrated architectural and engineering firm headquartered in Butler, Pa.
BURLINGAME, Calif. — The Leapfrog Group, a respected, independent advocacy organization, has selected Mills-Peninsula Health Services in Burlingame as one of their annual top hospitals in excellence and patient safety. Mills was ranked number 65 out of a field of 1,200.
CLEVELAND — University Hospitals will donate $200,000 over the next four years to the ACE Mentor Program of Cleveland to assist in engaging and mentoring high school students in 226 markets across the country.
