JLL has been retained by Bard College as real estate advisor and broker as the school relocates its Bard College at Simon’s Rock campus in Great Barrington, MA to its Massena campus near the main campus in Annandale-on-Hudson, NY. As part of the real estate strategy, JLL will assess the value of the Simon’s Rock campus, develop a marketing plan and work with the college on a strategy for the disposition of the 275-acre property.
“JLL brings the experience and insight necessary to help the college achieve a positive resolution,” said David Carlos, vice chairman and higher education practice lead at JLL New York. “We recognize the many considerations involved in determining the future of the campus and managing the college’s real estate assets, and we are committed to working collaboratively with stakeholders as this process moves forward.”
Bard College announced last November that its Simon’s Rock campus would relocate.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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