A Portland developer building a $12 million apartment near the Matthew Knight Arena means to make the east campus — as opposed to the west campus strip — the nexus of university life. “We’re trying to build a neighborhood. We’re not just building a project. That’s really important.”
Read more →Extra Space Storage Inc. (”Extra Space” or the “Company”) (NYSE: EXR) announced today that it has closed its previously announced joint venture (the “JV”) with an affiliate of Harrison Street Real Estate Capital, LLC (”HSRE”).
HSRE contributed approximately $15.8 million in cash to the JV in return for a 50.0% ownership interest. The Company contributed [...]
At Tuesday’s Morgantown City Council meeting, architects unveiled plans for a proposed $30-million, six-floor, mixed-use residential unit to be built on Beechurst Avenue. The proposed project will be built between Third and Fourth streets.
Read more →It won’t be luxury living, but it will be pretty good for college students: Four-bedroom, four-bath, fully furnished apartments with washers, dryers and full kitchens in an 18-acre complex complete with a fitness center, mini-theater, conference and study rooms and a copy center to produce and bind those term papers.
It’ll be the University of New [...]
The University of Wisconsin-Milwaukee’s proposal to buy Columbia Hospital and convert it into student housing and other uses received unanimous funding approval Friday from the UW System Board of Regents.
The regents authorized spending $31 million for the project. Whether the project goes forward depends on UWM and Columbia St. Mary’s Inc. reaching a sale agreement. [...]
Construction of a new apartment complex in Sunnyside is underway after a two-year delay due to troubles with the topography of the planned construction site.
The plot, located on the corner of Stewart Street and University Avenue, will have 34 units, housing an estimated 110 people when it is completed in August 2010.
“We are very fortunate [...]
The Massachusetts Institute of Technology is considering expanding its student body by more than 7 percent, or more than 300 students, if it is able to make available additional student housing, the dean of admission, Stuart Schmill, told me late Thursday.
Mr. Schmill was initially quoted by Bloomberg News on Thursday as saying that M.I.T. was [...]
The United Group of Cos., Inc. cleared a hurdle today toward bankrolling the first phase of a $160 million development in downtown Troy, N.Y., that would include student housing, retail stores, condominiums and a movie theater.
The Troy Industrial Development Agency formally accepted two preliminary applications from the United Group that, if ultimately approved, would provide [...]
By Oliver Swan
The credit markets remain frozen. Real Estate Econometrics (REE) estimates that 2.88% of CRE loans were in default in the Q2 09, up 63bps from the first quarter. REE further estimates that the CRE default rate will exceed 5% in 2010 and expects maturities to peak at $1.6 billion in 2012.
Does [...]
