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.
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 has sold the $142.9 million sale of a 50-property national investment-grade portfolio totaling approximately 430,000 square feet across 22 states.
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 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.
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.
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.
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 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.
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, 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.
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.
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.
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 North American Residential REIT has acquired a 51 percent ownership interest in a luxury residential complex, the Marquee at Block 37, in Chicago.
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 has purchased the Palette at Arts District, a 243-unit multi-housing community located in the Arts District of Hyattsville, Maryland.
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.
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.