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ORLANDO-Housing-strapped University of Central Florida is paying College Park Communities of Pennsylvania $150 million, or about $40,000 per unit for 3,756 units in two off-campus apartment complexes. The seller is throwing in the 80-acre land itself gratis.
CHARLOTTE-Arbor Glen, a 30-year-old ailing public housing project, is getting $8.75 million in tax credits over 10 years to rebuild itself. A 144-apartment project is set to break ground by year end.
AUSTIN-Trammell Crow Co. in Austin wants everything to be fresh at a recently completed 225,000-sf retail renovation - including the owner. The Springtown Shopping Center in San Marcos hits the market as brokers scour for a buyer, hoping to close a deal by year's end.
HOBOKEN, NJ-Another big name is leaving Manhattan for the New Jersey side of the river. John Wiley takes 400,000 sf at proposed Waterfront Corporate Center.
HOUSTON-Houston's plans for a 1,200-room convention hotel advances, with city council naming the project's developer and architect. The goal is to have the structure completed in time to host Super Bowl XXXVIII.