Chicago-based Singerman Real Estate and San Diego-based Darnell Capital Management have received $23 million in construction financing for a project on the Palos Verdes Peninsula, the LA Business Journal reports.
The financing is for Peninsula Pointe. When completed, the project will have 87 assisted living and memory care units in Rolling Hills Estates. It will be a three-story, 65,000-square-foot senior housing community operated by Phoenix-based Cadence Living. Read more.
