The University of California at Berkeley has begun construction on a 23-story student housing tower, reported the San Francisco Chronicle. When completed, the $443-million project will reshape the city’s skyline and add more than 1,600 beds as the campus struggles to keep up with surging housing demand.
The Bancroft-Fulton Student Housing project, rising at 2200 Bancroft Way near Durant Avenue, is expected to surpass the 185-foot office tower at 2150 Shattuck Ave., according to UC Berkeley development reports. At 276 feet in height, it will still be shorter than the university’s landmark Sather Tower.
The project is being developed by UC Berkeley Capital Strategies and built by Clark Construction. Amenities will include a two-story dining hall, study lounges on each residential floor, social lounges, laundry rooms and a fitness center. The development will also feature a central courtyard, bicycle storage and roughly 19,500 square feet of open space.
Completion is expected by summer 2028, with students moving in for the 2028-29 academic year.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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