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Housing the Workforce Instead of Cubicles: Case Study
The repurposing project that will bring much needed affordable housing to Orange County. Feb052021
Alliant Strategic recently closed on its investment in 888 Tower, a 148-unit, high-rise office building in Santa Ana, Calif., being converted to workforce housing. The project, at 888 N. Main St. in Santa Ana, Calif., is the first adaptive reuse project to bring new multifamily units to Orange County.
“This is an extremely exciting project for us,” said Eddie Lorin, co-founder & CEO of the Woodland Hills, Calif.-based investment firm focused on the acquisition and preservation of affordable and workforce housing. “An opportunity like this to turn a historic building into housing for the local workforce is special for everyone involved.”
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The number of affiliated hospitals in the Boston area dropped by about half over a five-year span.
Conditions placed on the merger that formed the Boston area’s second-largest health system Beth Israel Lahey Health are the latest in a series of strict state oversight actions that will shape large regional health system deals for years to come.
State attorneys general have placed stringent conditions on recent transactions that significantly consolidated healthcare services to try to level the competitive playing field. Pricing, access and quality guardrails imposed by state authorities, coupled with state legislation, are expected to ratchet up regulation of these regional tie-ups.