US & Canada

Plans to build 624 units of affordable student housing on Cabrillo College’s Aptos campus got the green light last Thursday when Gov. Gavin Newsom signed a bill to fund the project.

Core Spaces has acquired Clemson Lofts, a 641-bed student housing property in Clemson, S.C. for $77 million, according to Yardi Matrix data. Realco Capital Partners and Arcapita Group Holdings were the sellers.

Villas Student Housing is off and running with its eighth project near the University of Texas at Austin. The development, designed by architecture firm Rhode : Partners, is set to be completed in summer 2025. It hasn’t yet been named.

The trustees of the San Diego Community College District have chosen a developer to design, construct, and operate an apartment complex that will provide affordable housing to City College students.

Capstone Development Partners and Boaz Ventures plan to break ground on a $60 million student housing property adjacent to University of Alabama Huntsville (UAH) in October. Located at 4315 Holmes Ave. NW near the UAH Campus Recreation Center, the community, dubbed Nexus on Holmes, will be a four-story, 249-unit property with a mix of one-, two- and four-bedroom apartments.

Hundreds of new SCAD dorms could be coming to Savannah. The city’s Metropolitan Planning Commission approving more than 200 new units Tuesday. The plan calls for 220 student housing units in the 700 block of Louisville Road.

Following a heated legal battle over new student housing in Berkeley, Governor Newsom signed a new law removing ‘social noise’ as an environmental impact.

BWE has arranged acquisition financing for The Beacon, a 456-bed student housing community near Kennesaw State University in Marietta, GA. Chris Carroll and Max Miller in BWE’s Chicago office originated the loan on behalf of Campus Realty Advisors.

A draft environmental impact report published this month offers a look at Cal State Long Beach's master plan update, which will set the stage for the campus' development through 2035. One of the biggest changes is a plan to expand on-campus student housing capacity by approximately 1,600 beds.

The University of California Merced (UC Merced) and Merced College have announced plans to jointly develop a 488-bed student housing project for community college and transfer students. The California Legislature gave final approval for the $100 million mechanism that will fund the project.