Simmons University in Boston held a topping off ceremony for its new Living and Learning Center, the centerpiece of its landmark One Simmons project, alongside construction and development partner Skanska. Slated to open in January 2027, the 385,000-square-foot Living and Learning Center will serve as a hub for health, wellness and community engagement.
Developed and built by Skanska, the building features a two-story dining hall, event spaces and an athletic and wellness center. The building also includes residences for just under 1,100 students and 360-degree views of the Boston skyline.
Completion of the Living and Learning Center will enable the start of construction for Longwood Place, a 1.7-million-square-foot development that will deliver residential units, laboratory and office, medical/clinical and retail spaces, and 2.6 acres of new publicly accessible open space in the Longwood Medical Area on the Simmons Residents campus.
Boardwalk REIT is selling three Edmonton apartment communities for $106.5M, pushing its property dispositions this year to nearly $629M as the landlord increasingly finds value in selling older buildings rather than developing new ones. The transaction involves Northridge Estates, Parkview Estates and Riverview Plaza, which contain a combined 536 suites. Boardwalk disclosed the sale in...
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Marcus & Millichap completed the sale of Broadcast Apartments, a partially complete multifamily development project in D.C.’s Tenleytown neighborhood. The asset sold for $9.5 million. “This was a very complex, multidimensional transaction involving a receiver, a ground lease, a partially completed building and a host of other issues,” said Marty Zupancic, senior managing director of...
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Vancouver-based Trez Capital is teaming with Starwood Capital to expand its U.S. residential land lending business, with the partnership expected to launch with a US$450M loan portfolio and originate more than US$1B annually. Announced Tuesday, the agreement will focus on financing land acquisition and development for single-family communities across the United States. The initial portfolio...
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