Student Housing

The National Center for Educational Statistics data projects the student population will reach 23 million by 2020, and the population between the ages of 18 and 24 is projected to continue increasing through 2050.

In the $46.5 million sale leaseback Union Theological Seminary will remain at 97-101 Claremont Ave. for another five years.

The M, the first new high-rise to be developed in the 2-square mile University District in more than 30 years, will add 460 purpose-built beds, which will increase the total off-campus supply by 10.5%.

In addition to providing cultural events and performances for the community, the university affiliation will provide professional-level learning opportunities to students in multiple disciplines, including cinematography, audio work, lighting work and aesthetics.

The former NJEDA leader will oversee NJPAC real estate development efforts.

Scape USA is targeting 20,000 beds nationwide and is prepared to invest $1 billion in Boston over the next five years.

Duncan at the session said that one of the reasons Westchester is attractive to the firm is that there has been approximately six million square feet of outdated office space taken off the market in the last 10 years or so.

The sector performs well even in downturns, a fact appreciated by a lot of buyers.