Development
QuadReal Invests $600M in Student Housing JV
QuadReal invested $600 million of equity into a partnership with CA Student Living (CASL) and GI Partners. The joint venture’s initial portfolio includes 10 geographically diversified properties, developed and managed by CASL, in 10 major university markets across nine states.
Hines, McCaffery Break Ground in Chicago
A new mixed-use building anchoring the Lincoln Park neighborhood is set to rise on the former Children’s Memorial Hospital site.
$72M DC-Area Senior Housing Community Underway
The 210-unit facility will include assisted living, special needs and memory care units. The new development project will be completed by January 2018 and will create 48 full-time staff positions.
ACC to Open Indianapolis Student Housing
ACC partnered with Butler University to open another student housing facility in Indianapolis. The 648-bed community is slated to open in fall 2018.
SummerHill Wraps Santa Clara Luxury Community
The company broke ground on the 186-unit property designed by KTGY Architecture + Planning at the end of 2014. The four-story property features one- and two-bedroom luxury apartments ranging from 758 to 1,378 square feet.
Eden Breaks Ground on $87M North Miami Beach Property
NOMA North Miami Beach, a 354-unit mixed-use project, will be the first of its kind to rise in the new urban town center on the city’s east side.
Harlem 125 All Set for Opening
The newly developed residential building features studios and one-, two- and three-bedroom units designed to immortalize the spirit of Harlem through top-notch visual elements.
San Francisco Tower Gets $25M Facelift
Related Cos. brought in Marmol Radziner to redesign The Paramount, aiming for a better fit with the neighborhood’s commitment to the arts.
Premier Developers Snags $65M for FL Condo
Madison Realty Capital provided the loan for the Fort Lauderdale development. Called Riva, the property is two-thirds complete and scheduled for completion in September.
Maverick Mediates $39M Loan for Chicago Mixed-Use Project
Cedar Street Cos. is planning a 149-unit apartment building at 676 North LaSalle St., with more than 10,000 square feet of ground floor retail space.