US & Canada

Winkelried noted some CRE owners are selling their prime assets since that's the only commercial real estate trading.

Global Student Housing has landed a $28 million construction loan for Global Student Housing College Station, a 339-bed student housing property in College Station, Texas. Arriba Capital provided the development financing for the project.

The Purdue University Board of Trustees on Friday (Aug. 4) gave approval to plan, finance, construct and award construction contracts for a new residence hall immediately south of Hillenbrand Residence Hall on the West Lafayette campus.

In order to build a mixed-use, 508-bed student housing complex by 2026, Clark University in Worcester plans to demolish and rebuild an entire block of Main Street in the Main South neighborhood in 2024, including three historic structures and a number of businesses.

T2 Capital Management and Muinzer Management recently acquired Station 21, a 201-unit, 629-bed, student housing community that serves the students at Purdue University. The 7-building garden style property sits on 19.7 acres and includes amenities such as a state-of-the-art fitness center, dog park, resort style swimming pool, sand volleyball court, basketball court, and a private shuttle to campus.

The Peralta Community College District is moving closer to building its first-ever student housing, asking the state for $52 million for a dorm in Alameda. The grant would cover about half the cost of the 306-bed project, where students would pay below-market rents for single or double rooms and have access to support services.

Vertically integrated residential real estate developer, owner and operator Core Spaces has recently announced a financial partnership with Blue Owl’s GP Strategic Capital platform, a capital provider to institutional alternative asset management firms.

Balfour Beatty announced today that it has acquired a 168-unit/592-bed student housing community in Tallahassee, Florida. The acquisition expands the company’s overall Florida footprint to 12 residential properties.

The MPI Group has submitted to the current Toronto City Council meeting a revised plan for a redevelopment at 294 Sherbourne Street on the east side of Downtown Toronto as a potential settlement in advance of an Ontario Land Tribunal hearing.

San Francisco city officials are inviting the University of California system to open a campus in their downtown area, citing “a set of remarkable opportunities” that it could provide students. “A number of properties” could accommodate a UC campus, including student housing, according to Mayor London Breed.