News

Student housing asset manager Student Quarters paid $181 million to acquire HERE Atlanta, a 350-unit, 29-story tower at Spring Street. CA Ventures was the developer/seller of the tower, which opened in 2021. The project is two blocks east of Georgia Tech.

Chicago-based Harrison Street has announced a deal to acquire a 20-acre student housing property within walking distance from the University of Arkansas in Fayetteville. The real estate asset manager purchased The Vue at 1111 Stadium Drive, south of Martin Luther King Jr. Boulevard.

Rodney King led the development of the University of South Carolina's largest-ever on-campus housing project.

M&G Real Estate has acquired two residential properties in Germany and Portugal. In Lisbon, purpose-built student accommodation development for €34.7 million. The scheme will offer 333 beds, split into 315 single studios and 9 twodios, in the Olaias district within walking distance from Instituto Superior Técnico Lisboa, Portugal's most prestigious engineering university.

QuadReal, the real estate investment arm of British Columbia Investment Management Corporation, has mandated Australia’s listed property group GPT to manage its existing, wholly-owned Australia and New Zealand student accommodation portfolio.

Unite Group PLC chief executive Richard Smith is to step down at the end of the year, with chief financial officer Joe Lister already singled out to replace him.

Wrecking crews descended on The DoubleTree by Hilton Hotel at 1707 Hillsborough St. last week to begin demolishing the decades-old building. Chicago-based Core Spaces is planning to build a 12-story luxury student housing complex in its place. It will provide boarding for up to 2,000 N.C. State students, The N&O previously reported.

This fall, Appalachian State University issued a request for qualifications from developers for a public-private partnership (P3) to build new student housing, parking and potential student support facilities at several Boone campus locations. The goal is to provide approximately 1,850 new beds in new residence halls and apartments on App State’s Boone campus and Appalachian 105 property.

PX4 Development has purchased an 80-room hotel in the Long Island community of Jericho with plans to convert the building into a student housing community with one-, two- and three-bedroom units.

Rund has been appointed to support HG Living with employer’s agent and quantity surveying services on its purpose-built student accommodation scheme in Newcastle-upon-Tyne.