US & Canada

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.

Core Spaces, a vertically integrated residential real estate developer, owner and operator, today announced a significant financial partnership with Blue Owl’s GP Strategic Capital platform, a leading capital provider to institutional alternative asset management firms. The long-term partnership will fuel Core’s growth investments in existing and new businesses and will further drive the brand’s innovation and expansion plans.

A Chicago-based developer of student housing has submitted a redevelopment plan for the former Summit on 16th United Methodist Church at 82 E. 16th St. The plan, which will be heard by the University Impact District Review Board (UIDRB) on July 27, calls for a seven-story, 229-unit building with a 178-space parking garage.

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the successful recapitalization of the 598-bed Collective at Clemson in S.C., its second such announcement in the past month.

Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, is pleased to announce it has reached financial close on a public-private partnership (P3) project to deliver new on-campus student housing at William & Mary in Virginia.

Athens, Ga.-based Landmark Properties has acquired The Lodges at 777, a student housing community located in Baton Rouge, roughly two miles from Louisiana State University (LSU). Constructed in 2011, the property comprises 1,290 beds across 382 units.

Chicago-based developer Core Spaces proposed the construction of a 12-story, 232-unit market-rate apartment building dubbed “Johnson and Bassett” at 221 N. Bassett St., 430-444 W. Dayton St. and 437-445 W. Johnson St.

JLL Capital Markets announced that it arranged the capitalization of USC Expo, a 57-unit / 260-bed USC student housing development located less than a half-block from the campus of the University of Southern California (USC) in Los Angeles.

The second phase of a popular apartment complex on the Washington State University Tri-Cities campus in Richland is expected to open in about 14 months.

A set of abandoned 19th century buildings on the sprawling mountaintop Royal Victoria Hospital property are being earmarked for transformation into about 1,000 student residences for students from the many schools in Montreal.