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Independent living unit at Windemere suspends admissions, may close

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Martha's Vineyard Hospital announced last week that they are taking steps to close the independent living facility at Windemere. — MV Times file photo Windemere Nursing and Rehabilitation Center (WNRC) has suspended admissions to its independent living facility as it moves to close the 13-bed unit, where three people now live. In a conversation with The Times on Tuesday, Joe Woodin, president and chief executive officer of Martha’s Vineyard Hospital (MVH), was vague about the closure of the independent living facility , owned by the hospital and on the MVH campus in Oak Bluffs. Though Mr. Woodin didn’t say conclusively that the unit will close, he said MVH is exploring the option of closing. “We’re going through the process of strongly analyzing this and looking at the options for closing the unit,” Mr. Woodin said, referring to the independent facility known as Wildflower Court. According to Mr. Woodin, MVH would not have started the discussion had it not been seriously con...

Dougherty Mortgage Closes $10.1 Million Fannie Mae Loan for Water Chase Apartment Homes

ARLINGTON, VA - Dougherty Mortgage , a full service national mortgage banking firm , recently closed a $10. 1 million Fannie Mae loan for the acquisition of Water Chase Apartment Homes , a 200- unit market rate multifamily apartment property located in Arlington, Texas. Individual units include washer/dryer connections, walk-in closets, and a private balcony or patio.  Property amenities in the pet-friendly, gated community include a swimming pool, fitness center and clothing care center . The Fannie Mae 12-year term, 2-year interest only, 30- year amortization loan was arranged for borrower TFG Waterchase Apartments , LLC through a partnership with Old Capital Lending and Dougherty’s Vienna, Virginia office.   About Dougherty Mortgage : Dougherty Mortgage LLC is a full service mortgage banking firm , an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance...

Reno rent market at record-high prices, near-zero vacancy

RENO, Nev. (AP) — It's a journey that most people eventually take. Fifteen years ago , Anne Carte decided to leave the familiar comforts of home and family to move out on her own. For Carte, who was 20 years old at the time, moving to the Biggest Little City from San Jose, California, represented an exciting and crucial juncture in her life. "I moved to Reno to grow up and be an adult," Carte said. The year 2002 had its fair share of memorable moments. That same year, "Star Wars: Episode II" debuted in theaters, Tiger Woods won the 66th Masters Tournament and "American Idol" premiered on television. One thing Carte specifically remembers was the cost of rent. Back then, the monthly rate for Carte's first studio in Sparks was only $495. For a young person who just moved out of home and landed an entry-level job at Target, an affordable place to stay was not a luxury. It was a b...

Reno rent market at record-high prices, near-zero vacancy

Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." title="In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." src="src" /> In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-a...