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The property was sold by JG Holt Limited Partnership. JLL represented the seller and procured the buyer. Additionally, working on behalf of the new ownership, JLL facilitated debt financing totaling $13.32 million for the transaction with Harbor One Bank.
The campus is made up of dormitories, classrooms and lecture halls, administrative offices, a student center, dining halls, recreation and athletic facilities, a library, an auditorium and more.
The Emblem 120 project will be developed through Toll Brothers' rental apartment subsidiary Toll Brothers Apartment Living. The joint venture has secured a construction loan facility from Wells Fargo Bank, N.A.
Also, on Monday, California Gov. Gavin Newsom, Oregon Gov. Kate Brown and Washington Gov. Jay Inslee announced an agreement on a shared vision for reopening their economies and controlling COVID-19 into the future.
Gustafson, who has more than 18 years' experience in property valuation and consultancy in the commercial and multifamily arenas, will be leading Apprise operations in major markets such as Boston, New York, Philadelphia, Baltimore and Washington, D.C.
In conjunction with Benskin's promotion, Winn named William Wollinger as chief asset officer of WinnCompanies to focus on the Winn-owned portfolio and certain high-profile, high impact WinnDevelopment projects across the country.