Undergraduate enrollment continues to decline; should student-housing developers be worried?

by Andrea Zander | Nov 8, 2019

With investors’ interest, student housing is in a construction boom. Luxury housing for students has become a multibillion-dollar industry. Not only is there a growing interest for investors’ portfolios, students want to live in these properties.

Golub & Co., Farpoint Development and the Goldman Sachs Urban Investment Group acquire Prairie Shores

by Released | Nov 7, 2019

Chicago-based real estate development firms Golub & Co. and Farpoint Development have acquired Prairie Shores, a large-scale workforce housing apartment community in Chicago’s Bronzeville neighborhood.

Elliott Bay Capital Trust sells $142m portfolio

by Released | Nov 7, 2019

Elliott Bay Capital Trust has sold the $142.9 million sale of a 50-property national investment-grade portfolio totaling approximately 430,000 square feet across 22 states.

Grocery- and drug-anchored shopping center sets record in Orange County

by Released | Nov 7, 2019

LaSalle Investment Management has sold the Aliso Creek Shopping Center, a 49,149-square-foot, fully leased community shopping center with necessity-based anchors located along the Pacific Coast Highway in the Southern California community of Laguna Beach, Calif.

Sage Hospitality with partners to develop hotel in Denver

by Released | Nov 7, 2019

Sage Hospitality along with Walnut Development Partners and EXDO Development have broken ground on a new hotel development in Denver’s vibrant River North (RiNo) Art District.

Bleutech Park secures parcel for $7.5b digital infrastructure city

by Released | Nov 7, 2019

Bleutech Park, a first-of-its-kind, $7.5 billion energy-efficient mini-city, has secured a parcel of land at the south end of the Las Vegas Strip.

Crocker Partners acquires office tower with Garrison Investment Group

by Released | Nov 7, 2019

Crocker Partners has acquired 3225 Cumberland, a class A office tower in Atlanta's Cumberland/Galleria submarket, in a joint venture with Garrison Investment Group.

CAPREIT acquires seventh community in Missouri

by Released | Nov 7, 2019

CAPREIT has acquired Pure St. Peters, Mo., a recently developed market-rate apartment community that began leasing in 2019.

Sacramento remains attractive to buyers looking to leverage the region’s strong economy

by Andrea Zander | Nov 7, 2019

Total sales volume fell by 10.1 percent quarter-over-quarter during the third quarter of 2019 in the Sacramento market, totaling $848 million, according to Cushman & Wakefield.

Self-storage struggling amid high supply levels

by Andrea Zander | Nov 7, 2019

New deliveries continue to weigh on street rates in almost all markets of the self-storage sector, reported Yari Matrix.

Casoro Capital merges with The PPA Group

by Released | Nov 6, 2019

The PPA Group, a multifamily-focused commercial real estate firm, has merged with Casoro Capital.

TWG Development to build workforce housing project in Indianapolis

by Released | Nov 6, 2019

Mortgage banking company Merchants Capital has secured $25.5 million in funding for workforce housing development The Wesmont through a 10-year, Freddie Mac Unfunded Forward Permanent Loan on behalf of TWG Development.

Bridge Development Partners buys largest non-portfolio in Inland Empire

by Released | Nov 6, 2019

Bridge Development Partners has paid $191.11 million for the ourth Street Distribution Center, 1.43-million-square-foot distribution center/fulfillment center and a 23,240-square-foot retail building in Rancho Cucamonga, Calif. 

HVMG names new senior vice president of business development

by Released | Nov 6, 2019

Hospitality Ventures Management Group (HVMG), an Atlanta-based private hotel investment, ownership and management company, has appointed Tom Riley as a senior vice president of business development. 

PMB breaks ground for new 55,000-square-foot St. Mary’s Medical Pavilion in Tucson, Ariz.

by Released | Nov 6, 2019

PMB, a real estate owner and developer across the continuum of care, has broken ground on the new class A, 55,000-square-foot St. Mary’s Medical Pavilion on Carondelet St. Mary’s Hospital campus in Tucson.

CPPIB, GIC JV acquires student housing community in Austin

by Andrea Zander | Nov 6, 2019

Scion Student Communities, a student housing joint venture between Canada Pension Plan Investment Board (CPPIB), GIC and The Scion Group, has acquired MUZE, a newly developed student housing community serving the University of Texas at Austin.

Mesa West provides $76m construction loan for office tower

by Released | Nov 6, 2019

A joint venture of an affiliate of American Real Estate Partners and developer Oliver Tyrone Pulver Corp (OTPC) has received a $76.5 million loan from Mesa West Capital for the construction of Seven Tower Bridge.

Multifamily development: A bright spot in opportunity zone initiative

by Andrea Zander | Nov 6, 2019

While transaction volumes do not appear to have an impact on aggregate demand, demand has shifted around in some ways and there are meaningful localized impacts, including the rise in development site acquisitions since the start of the opportunity zone program, reported CBRE.

Morguard acquires 50% ownership in residential complex in Downtown Chicago

by Released | Nov 6, 2019

Morguard North American Residential REIT has acquired a 51 percent ownership interest in a luxury residential complex, the Marquee at Block 37, in Chicago.

Ascentris sells San Francisco Bay Area office, life sciences campus

by Released | Nov 5, 2019

Ascentris, a Denver-based real estate private equity firm, has sold The Waterfront at Harbor Bay, a six-building, 385,000-square-foot class A office and life sciences campus located in Alameda, Calif.

Harbor Group International buys Maryland apartments

by Andrea Zander | Nov 5, 2019

Harbor Group International has purchased the Palette at Arts District, a 243-unit multi-housing community located in the Arts District of Hyattsville, Maryland.

HN Capital Partners and Dunhill Partners JV acquires lifestyle hotel in Uptown Dallas

by Released | Nov 5, 2019

Estein USA has sold the W Dallas Victory Hotel, a 252-room lifestyle hotel positioned in Uptown Dallas’ live-work-play environment of Victory Park.

Brookview Realty Group purchases garden-style apartment community in Kentucky

by Andrea Zander | Nov 5, 2019

Brookview Realty Group has acquired the Echelon at Middletown, a 210-home, garden-style apartment community located in the affluent East End submarket of Louisville, Ky.

JV sells garden-style apartment community in Houston

by Andrea Zander | Nov 5, 2019

A joint venture between WillMax Multifamily Investors and Thackeray Partners has sold Steeplecrest, a 260-unit, garden-style apartment community in Northwest Houston’s Jersey Village submarket.

Retail availability throughout San Francisco remains tight

by Andrea Zander | Nov 5, 2019

Retail availability throughout San Francisco remains tight, with the vacancy rate among the lowest in the nation, reported Cushman & Wakefield.