Tag: University

LAND FOR SALE

Look for a ‘For Sale’ sign soon to be posted on the property housing Pa. state university headquarters

2 months ago
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Look for a “For Sale” sign soon to appear on the Harrisburg riverfront property that has served as headquarters for Pennsylvania’s state university system for the past 28 years.

The Pennsylvania State System of Higher Education was given the green light from the General Assembly to sell the Dixon University Center, the nearly 6.5-acre campus that sits along Front Street and stretches across North Second Street. It is named in honor of Fitz Eugene Dixon Jr., a wealthy Philadelphia area philanthropist who was the system’s founding and longtime board chairman.

Next up is looking for potential buyers for the property and the six brick-faced edifices and an underground parking garage on it.

System spokesman David Pidgeon said the system is in the process of selecting a Realtor to handle the sale of the property.

“Selling the Dixon University Center is an important example of the innovation agenda the State System

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FOR SALE

Aimco puts Evanston Place apartments near Northwestern University up for sale

2 months ago
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Evanston Place, which opened in 1989, is one of the biggest multifamily properties in suburban Chicago to hit the market in 2020, an extremely slow year for large apartment sales. The coronavirus pandemic has disrupted the market, and many investors remain wary of big deals.

But the suburbs have been surprisingly stable, with occupancies and rents holding steady. The coronavirus and civil unrest over the summer have not diminished the appeal of suburban living as they have in the city. Some suburban properties are even gaining tenants who have left Chicago.

Evanston Place’s biggest plus: its location. The nine-story building sits on the edge of downtown Evanston, a short walk to lakefront parks and beaches, kitty-corner from a Whole Foods Market and a block from the gates of the Northwestern campus, a big driver of demand for apartments.

A new owner could boost the property’s income and value by renovating

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HOME FOR SALE

Moody’s Analytics and City, University of London Partner on UK and EU Commercial Real Estate Data Initiative

3 months ago
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Moody’s Analytics announced today a new partnership with The Business School (formerly Cass) at City, University of London, to build a database of loan-level commercial real estate (CRE) information covering the UK and Europe. The initiative will extend the Business School’s UK CRE lending survey under the Moody’s Analytics Data Alliance framework.

The COVID-19 pandemic has disrupted CRE fundamentals and highlighted the need for greater clarity around market drivers across sectors and between geographies. By participating in this initiative, lenders and other market participants will benefit from access to aggregate industry data, for enhanced market clarity, as well as robust analytics for benchmarking.

“The City-Moody’s Analytics initiative offers the exciting prospect of granular data pooling across the commercial real estate finance market. This will improve market transparency and allow for more robust data-driven analysis, thus strengthening informed credit flows,” said Peter Cosmetatos, CEO of the Commercial Real Estate Finance Council

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HOME FINDER

Queen’s University strips Sir John A Macdonald’s name from law school building

3 months ago
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Queen’s University will remove the name of Canada’s first prime minister from the building that houses its law school, the university said Monday.

The university’s board of trustees approved the decision to strip Sir John A. Macdonald’s name from the building following a recommendation from law school dean Mark Walters and a report from a special committee.

In a statement posted on its website, the university said the decision to rename the building followed a two-month public consultation process that saw more than 3,000 members of the Queen’s community submit feedback.

“In particular, we now have a richer and better understanding of the hurtful views and policies (Macdonald) and his government advanced in relation to Indigenous peoples and racial minorities,” Walters said in the written statement.

Macdonald, also known as “Father of Confederation,” has been criticized for his role at the head of a government that created the Indian Act

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FLORIDA REAL ESTATE

Florida International University ranks top for real estate research

3 months ago
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The Journal of Real Estate Literature ranked the university’s College of Business first for real estate research.

Florida International University came out on top in a global study.

The Journal of Real Estate Literature ranked the university’s College of Business first for real estate research, according to an FIU press release. It is the first time the university ranks at the top in the study. FIU tied with the National University of Singapore.

The American Real Estate Society runs the Journal of Real Estate Literature. The three-member editorial team includes Eli Beracha, director of the Hollo School of Real Estate. The 24-member editorial board includes FIU Hollo School of Real Estate Prof. Julia Freybote, Fannie Mae Director of Economics Michael LaCour-Little, and National University of Singapore Real Estate Prof. Joseph Ooi.

FIU’s College of Business was also ranked first for the fifth consecutive year for real estate research in the

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LAND FOR SALE

Sokolowski’s University Inn building for sale, listed for $2.7 million

3 months ago
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CLEVELAND, Ohio — Sokolowski’s University Inn has apparently closed for good, and the building, located at 1201 University Road in Cleveland’s Tremont neighborhood, is up for sale on Howard Hanna’s website for $2.7 million.



a house that has a sign on the side of a road: Sokolowski's University Inn has been an institution in Cleveland's Tremont neighborhood.

© Photo by John Petkovic, The Plain Dealer/cleveland.com/TNS
Sokolowski’s University Inn has been an institution in Cleveland’s Tremont neighborhood.

The building was listed on Howard Hanna’s website on Monday, Oct. 12, and has generated interest but no official offers, said Hanna Commercial Real Estate managing director Tony Visconsi.

The price tag of $2.7 million is based both on the building’s extensive history and also its location.

“It’s probably got the best views in the city. It looks out over downtown Cleveland and the Cuyahoga River,” Visconsi said. “We looked at the value of the actual land, which is four tenths of an acre, and then we looked at the value of the brand — the Sokolowski

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