San Diego — Capstone Development Partners has closed on traditional debt and equity financing for the development of VIVA 5750, a new on-campus student housing community at San Diego State University in San Diego. Situated on ground leased by Capstone, the
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Long Beach, Calif. — The California State University system has announced that classes will primarily be delivered virtually for the fall 2020 semester, with limited exceptions for in-person teaching, learning and research activities that cannot be delivered virtually. These activities will only
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Santa Barbara, Calif. — CBRE has arranged an $18.5 million loan for The Hive Isla Vista, a five-property student housing portfolio near the campus of University of California, Santa Barbara. Brad Wilmot of CBRE’s Los Angeles office secured the floating-rate loan with a
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Los Angeles — Champion Real Estate Co. has purchased a student housing community located at 2353 Portland St. in Los Angeles. Century Park sold the asset for $14.1 million. Champion plans to renovate the property, which was built in 1964, and
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Davis, Calif. — Landmark Properties has acquired Sol at West Village, a 2,289-bed, mixed-use student housing community serving the University of California, Davis, for approximately $446.7 million. The transaction is the largest single-asset sale to date in the student housing sector,
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Chico, Calif. — CBRE has arranged the sale of Campus Walk, a 174-bed student housing community serving California State University, Chico. NB Private Capital purchased the property from Dallas-based Fountain Residential Partners for an undisclosed price. Jaclyn Fitts, William Vonderfecht,
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Davis, Calif. — HighBridge Properties has sold Lincoln40 — a 706-bed student housing community currently under development near the University of California, Davis — to Grand Peaks Properties for an undisclosed price. HighBridge began construction on the community last fall,
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Merced, Calif. — Shamrock Acquisitions has received $68.8 million in construction financing for the development of Merced Station, an 885-bed student housing community located near the University of California, Merced. Scott Meredith of George Smith Partners secured the financing from
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San Diego, Calif. — Campus Advantage has been awarded management of Paseo Place, a 246-bed student housing community located near San Diego State University in California. The property offers two-, three- and four-bedroom, fully furnished units. Shared amenities include an
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Irvine, Calif. — A public-private partnership between American Campus Communities (ACC) and the University of California – Irvine has opened Plaza Verde, a 1,441-bed, on-campus residential tower. The community offers fully furnished units and shared amenities including state-of-the-art fitness centers,
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Berkeley, Calif. — A joint venture between The Dinerstein Cos. and Harrison Street has acquired six student housing communities located near the University of California, Berkeley. The properties were purchased from Equity Residential for an undisclosed price. Acquisitions include The
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Riverside, Calif. — The University of California, Riverside (UCR) and American Campus Communities (NYSE: ACC) have broken ground on North District, a mixed-use community anchored by new student housing buildings. The project will be situated on the university’s campus in Riverside, a
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