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Fountain Residential Partners Begins Development Near University of Houston
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The design team includes 5G Studio Collaborative, Domus Studio Group, and Kimley-Horn & Associates. Centerpoint Builders will be the general contractor on the project, and Grand Campus Living will manage Campus Vue.
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Houston - Fountain Residential Partners has begun a construction and redevelopment project near the University of Houston called Campus Vue that will be complete in August 2015. Campus Vue will consist of 465 beds across the street from the on-campus fraternity and sorority houses that make up Bayou Oaks. Fountain's first project, Vue on MacGregor, which was the first privately built, off-campus community in the marketplace, is 100 percent pre-leased for fall 2015.
The five-story project will overlook the UH campus on what was the site of the Beall Village apartment homes on Calhoun and N. MacGregor. The redevelopment of the existing Beall Village apartments will include retention of one existing building to reduce displacement of current residents. Here's more on the project.
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Three-Property Portfolio Trades Near Ball State | | Beacon Hill Apartments. |
Muncie, Ind. - A team from Colliers International Indiana Region, which is led by Michael Wernke, along with the Colliers International Student Housing Group, consisting of Dorothy Jackman, Travis Prince and Sean Baird, have brokered the sale of a portfolio in Muncie, Ind. The portfolio consists of Beacon Hill Apartments, Kensington Apartments and Chesterfield Apartments. Altogether, the portfolio contains 103 units, 291 beds and a total square footage of 99,323. Each property is within walking distance to the Ball State University campus. The portfolio was listed by Wernke, who is senior vice president of investment and multifamily services, in conjunction with the Colliers International Student Housing Group, on behalf of the seller, an affiliate of DJT Student Housing Group. Beacon Hill Indy, LLC in affiliation with Birge & Held Asset Management, purchased the portfolio for an undisclosed price.
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Montana State Will Open New Residence Hall in 2016
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The residence hall at MSU will feature open design and even ski waxing. The university houses approximately 3,500 students.
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Bozeman, Mont. - Montana State University will begin construction this year on a 400-bed, 120,000-square-foot residence hall that the university will finance and own. It will be complete in fall 2016. The hall's design team of Schlenker & McKittrick Architects and NAC|Architecture will focus on place-making in what the firms call a "front door/back yard" concept that complements the adjacent Roskie Beach recreation space while fostering pedestrian traffic with a pass-through design. The four-story structure is specifically designed to maximize solar orientation and views to the mountains, while offering amenities such as a two-story atrium/main lounge, secure bike storage, and even space for ski waxing. Other features include resident meeting spaces, spaces to accommodate collaborative academic work, and a kitchen area for group functions. Langlas & Associates is the general contractor.
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CA Student Living Breaks Ground on Onyx at Florida State
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Onyx, opening fall 2015.
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Tallahassee, Fla. - CA Student Living is developing Onyx, a 219-unit, 583-bed mixed-use development project located east of Florida State University, near fraternity and sorority houses. Onyx broke ground April 24 and will open August 2015. The property will offer a mix of studios, one-, two-, three- and four-bedroom apartments, ground level retail, secured garage parking and 20,000 square feet of elevated pool deck with a club lounge, fitness training facilities, spa, theater and private and group study spaces equipped with technology.
The land transaction was brokered by Michael Steiner of Coldwell Banker Commercial, Hartung and Noblin, Inc. Realtors. The general contractor is ARCO National Construction Company, Inc. with local construction consultant, Mad Dog Construction, Tallahassee, Fla. The architect is Shepley Bulfinch. Here's more.
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List Your Company In The Goldbook of Student Housing
 Atlanta - The staff of Student Housing Business is once again preparing to publish The Goldbook of Student Housing in the summer of 2014. As the directory for the student housing industry, The Goldbook is a source for companies who own, manage, and operate student housing, as well as vendor companies who provide services and products to the industry. List your company -- free of charge -- by completing a short form at: www.studenthousingbusiness.com/goldbookThe deadline for listings is May 31, 2014.
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CIBT Education Group Acquires Three Properties in Vancouver for $44 Million
Vancouver, British Columbia - CIBT Education Group Inc., an education management company that owns and operates a network of business, technical and language colleges in North America and Asia, plans to acquire three properties in the greater Vancouver area that will be developed into student apartments for Canadian and international students studying in the city and surrounding areas.
This site will be part of Global Education City's (GEC) student housing component. Global Education City is an education super center planned for the Lower Mainland Vancouver area that is currently awaiting municipal approval. The site will be capable of handling approximately 350 students during the academic season from September to June, and up to 700 students during the summer camp season from July to August. The total development budget is $44 million when fully constructed and furnished.
"On January 15, the Canadian Government announced plans to increase the number of international students entering Canada from the current 250,000 to 450,000 students in eight years," says Toby Chu, president, chief executive officer and vice chairman of CIBT Education Group Inc. "This latest initiative will substantially increase the demand for student housing in Greater Vancouver, being one of the most popular international student destinations in the world."
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The Opus Group Developing Near University Of Michigan
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ArborBLU will include pizza-delivery amenity.
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Ann Arbor, Mich. - The Opus Group will break ground May 15 on ArborBLU, a 13-story student housing complex near the University of Michigan. The development will be built directly above Pizza House, a popular restaurant on Church Street that is owned by the Tice family in the South University district. The luxury apartment complex will have a total of 123 units and 232 beds, offering a mixture of one-, two- and three-bedroom units. One of the amenities of the upcoming property will include 24-hour delivery service from Pizza House.
Other amenities at ArborBLU will include a fitness studio, study space, a rooftop patio and a club room with stadium views. The apartments will also offer in-house tanning and secure bike storage as well as fast WiFi speeds. The project will be built to meet LEED Silver certification. Opus did not disclose the project cost, but media reports call ArborBLU a $17 million development.
It will open in time for the fall 2015 academic semester.
Opus Development Company, LLC will be the developer, Opus Design Build, LLC will be the design builder, J. Bradley Moore & Associates will be the design architect and Opus AE Group, LLC will be the architect of record.
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Three Ways To Find Out If You Need An IT Audit
 | | Derek Benavides |
In my many years leading IT operations for property management companies, I have developed a focus and knowledge base on what should be expected with broadband internet delivery and user experience.
My first Internet-ready property was deployed in Prairie View, Texas, at Prairie View A&M University in 1999. I have some experience in marketing, which is an evolving practice, but very little has changed in the how we partner with a property. This has allowed the service experience to evolve in a relatively untouched kind of way. There is always room to change owners' perceptions and not only enforce accountability but exceed expectations.
In this spirit, here are three short, easy ways to identify if you need an independent IT/agent consultant to audit your property.
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