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Livermore senior housing facility sold

A Livermore senior housing facility has sold in a nearly $32 million transaction.

Rosewood Gardens Assisted Living sold, along with a Beverly Hills senior housing facility, for $31,925,000.

The Fenton Street property was built in 1974. It has 64 independent and assisted living units, not including the 18 additional units recently converted into a secured dementia wing.

AEW Capital Management sold the property to Watermark Retirement Communities, which will now manage a total of 27 properties, nine of which it owns. Watermark also owns three regional home health agencies.

CBRE Senior Housing Group represented AEW in the sale.

“Bidding was strong due to the strong southern and northern California locations, especially the Beverly Hills asset, which is irreplaceable and has tremendous barriers to entry,” David Rothschild of CBRE told Senior Housing News.

Livermore obsolescence management company changes name

Livermore's GD California, Inc. has changed their name.

The computer hardware company will now be known as GDCA, Inc. They've also updated their website to reflect the change, with a new domain name of GDCA.com.

The "Obsolescence Management" company manufactures and distributes discontinued computer products for medical, industrial, military, commercial aircraft, semiconductor processing, and telecom industries both domestically and internationally.

GDCA, Inc. is a private company and employs several dozen on Portola Avenue.