California State University, Long Beach (CSULB) hosted a groundbreaking ceremony for La Playa Residence Hall, a $115-million, 108,000-square-foot student housing project. The project is a part of the State of California’s Higher Education Student Housing Grant Program, which aims to…
Hines U.S. Property Partners (“HUSPP” or the “Fund”), the firm’s U.S. core-plus fund, has acquired Blu South, a build-to-rent (BTR) community located at 920 Blu Central Rd. in Pineville, North Carolina. Serving as Hines’ first BTR acquisition in the U.S.,…
RangeWater goes against the flow. Instead of taking out acquisition loans to acquire properties, it buys them with cash. Its latest…Provenza at Old Peachtree in Gwinnett County. RangeWater paid $62.8 million, or $243,410 a unit for the 258-unit project. The…
The average student housing preleasing rate for Yardi 200 schools reached 61.5% in February, a 450-basis-point increase year-over-year, according to the latest Yardi Matrix National Student Housing Report. Fueled by enrollment growth, demand is healthy enough to absorb 46,000 new beds…
NerdsToGo, an information technology solutions and technology repair company, plans a strategic expansion throughout the greater Chicago area in 20 new territories. The Chicagoland expansion follows one of the most successful years of development to date for the brand, which…
CIM Group said Friday it had sold Mason at Van Dorn, a 1,180-unit apartment community in Alexandria, VA. The Washington Business Journal reported the sale to a partnership of Shoreham Capital and Bridge Investment Group Holdings at $225 million. CIM…
Pigmental Studio is no startup. The studio has produced “Kong,” “Despicable Me,” and “The Klaus”. The company is planning a 117-acre media campus in coastal Georgia, just north of the Florida state line. Pigmental Studios says the project would include…
TruAmerica Multifamily acquired Westmont Commons, a 252-unit multifamily community in Asheville, NC. The asset was purchased off-market for $49,875,000 in partnership with Spoke Real Estate Capital. The seller was undisclosed. TruAmerica Multifamily’s Bob Hart added, “We expect to deliver an…
Cushman & Wakefield has facilitated a lease expansion for Callen-Lorde Community Health Center at 3144 Third Avenue in the Bronx. The primary care center has expanded its space from 2,903 square feet to 12,916 square feet, now occupying the entire…
Madison Realty Capital has provided a $55-million bridge loan to Charney Companies and Criterion Real Estate Capital for the acquisition and renovation of 99 Claremont Avenue, a student housing project in Morningside Heights. The developer group plans to renovate the…
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