Return to Lender: Week of Feb. 1, 2024
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Brookfield Properties (BXP) and Rudin have announced that Pratt Institute will relocate its graduate facilities in Fine Arts and Photography to Dock 72, a 675,000-square-foot workplace at Brooklyn Navy Yard. The new facilities will occupy the entire third floor, spanning 62,570 square feet. Pratt Institute’s new space at Dock 72 is expected to be …
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American Healthcare REIT looks to raise as much as $840 million from its initial public offering. The Irvine-based nontraded REIT plans to offer 56 million shares in an estimated price range of $12 to $15 per share, along with granting the IPO’s underwriters the option of purchasing up to 8.4 million additional shares. The company …
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Duke University paid an apartment owner $43 million to take over the Blue Light Living apartments. The school will add the apartments to the school’s housing inventory, instead of building new ones. The school plans to make a number of minor changes to the 84-unit building before allowing students to move in next fall. The …
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Cardinal Group, a real estate company based in Colorado, has purchased the student housing community Midtown Stillwater, located at 801 W 4th Avenue in Stillwater, Oklahoma, for an undisclosed price. The 221-unit, 823-bed property is situated steps away from Oklahoma State University’s Student Union. Sean Baird, senior vice president, and Jonathan Holt, senior vice president, …
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California Commercial Investment Group has acquired a 19-acre site adjacent to the Motion Picture & Television Fund campus in Woodland Hills for $30 million. The company plans to develop a luxury senior living life cycle community encompassing approximately 300 units on the site. Construction is scheduled to begin in 2026 with completion planned for 2028. JLL’s Bryan …
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