Urbana-Champaign, Ill. — Jackson Dearborn Partners (JDP) has broken ground on ICON, a 276-bed student housing development located near the University of Illinois at Urbana-Champaign. The project is being developed in partnership with Sub4 Development and Green Street Realty. The community
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Chicago — CRG, the real estate development and investment arm of Chicago-based Clayco, has hired J.J. Smith as managing partner of its residential business. Smith has over a decade of leadership experience at Chicago-based CA Ventures, where he launched real estate
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Chicago — The Scion Group has hired Monte Huber as the company’s first-ever chief financial officer. Huber will be responsible for financial reporting, accounting and asset management activities on behalf of The Scion Group, Scion Advisory Services and Scion’s national
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Chicago — CA Ventures has announced a $12 billion investment strategy for the firm’s student housing and residential divisions in conjunction with the promotion of four senior executives. Promotions include Michael Hales to president of the firm’s student living division;
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Chicago — Richard Martinez has been promoted to senior vice president of all production and sales at Freddie Mac. Griffin Cotter, director of production and sales, has been tapped to lead the company’s student housing business in place of Martinez.
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Chicago — OC Ventures has acquired Automatic Lofts, a 482-bed student housing community located adjacent to the University of Illinois at Chicago campus. The property — originally built as a telephone factory in 1901 — offers one-, three- and four-bedroom,
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Chicago — Greystar has acquired 30 East, a 388-bed student housing community located in Chicago’s South Loop neighborhood. Columbia College Chicago holds a 10-year, 340-bed master lease at the community. The remaining 48 beds are open to students at any
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Carbondale, Ill. — NorthMarq Capital has arranged a $20 million Freddie Mac loan for the refinancing of Aspen Court Apartments in Carbondale, home of Southern Illinois University. The property is located at 1101 E. Grand Ave., and offers one-, two-, three-
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Chicago — Executives from the off-campus student housing industry convened October 14-16 in Chicago at the Marriott Magnificent Mile for the National Multihousing Council’s Student Housing Conference. An estimated 600 were in attendance to hear sessions that ranged from development, operations, capital
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Champaign, Ill. —The Opus Group has completed Seven07, a new student housing community located near the University of Illinois at Urbana-Champaign. The 14-story building is home to 218 units with 548 beds. Amenities include a fitness center, indoor basketball court, spa,
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Chicago — The Scion Group has launched four new brands of student housing communities designed to appeal to different student personalities and price points. The newly unveiled brands, as described by Scion, include: Alight: these properties are designed for residents
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Chicago — Triad Real Estate Partners has hired James Clough as managing director of the company’s Chicago office. Clough began his investment brokerage career at Marcus & Millichap and served as managing partner of Interra Realty before joining Triad. “We
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