National Commercial Real Estate News From CoStar Group
Boom In Student Housing Construction Stokes Concerns of Oversupply
A surge in new student housing projects announced in recent months, combined with lower-than-expected college enrollments, slowed preleasing and rising university tuition has raised a red flag over the compelling demographic case made for years by developers pursuing new student housing projects.
In two of the largest projects, Brandywine Realty Trust (NYSE: BDN), Campus Crest Communities, Inc. (NYSE: CCG), and Harrison Street Real Estate Capital...
Arcapita Bank Preparing To Liquidate $2 Billion in U.S. Assets
Arcapita Bank, an international investment firm based in Manama, Bahrain, plans to wind down operations as part of a proposed reorganization plan filed in its voluntary Chapter 11 bankruptcy cases in the United States.
The bank plans to put $2.37 billion portfolio of investments in real estate, private equity and venture capital, and infrastructure up for sale -- the bulk of the assets in the United States.
The plan allows Arcapita and its affiliates...
Facility Closures & Downsizings (Week of Feb. 14)
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