Tag Archives: campus

Sares Regis Buys Toyota'' s Previous 2 Million-SF Campus in LA County

Sares Regis has not yet announced plans for the former Toyota property in the South Bay area of Los Angeles County.
Sares Regis has actually not yet announced plans for the former Toyota property in the South Bay area of Los Angeles County. Irvine, CA-based Sares Regis Group has actually gotten Toyota’s 110-acre previous North America head office campus in Torrance, CA, more than 3 years after the Japanese car manufacturer announced strategies to relocate to a brand-new workplace campus in Plano, TX.

JLL noted the home in February. Managing Director Jeff Adkison and Senior Vice President Brendan McArthur represented Toyota Motor North America, Inc. in the sale to Sares Regis, which prevailed over numerous bidders. The purchase rate was not divulged.

Sares Regis has not yet exposed details of a prepared repositioning of the residential or commercial property in an effort to bring new or expanding business to the city. The existing school includes a mix of 18 workplace and commercial buildings.

The property’s area near the 405 Highway, Los Angeles International Airport and the Ports of Long Beach and Los Angeles is a plus in bring in brand-new tasks to Torrance, kept in mind Peter Rooney, Sares Regis president of commercial advancement.

” A major consider our choice to pursue this job was the high quality of life enjoyed by the homeowners and the business neighborhood of Torrance,” Rooney stated.

Toyota spokesperson Aaron Fowles said the business is relocating 3,000 positions from Torrance to the brand-new headquarters campus in Plano, and another 1,000 tasks from Kentucky and New York.

Karen Jordan, Los Angeles Market Reporter CoStar Group.

U.S. News & & World Report: UNLV Most Diverse Campus in the Country

UNLV has reached the top of U.S. News & & World Report’s annual listing of the country’s most diverse universities for undergraduates.

After two years in second, UNLV is now in a three-way tie for first in the publication’s Finest Ethnic Diversity classification launched today. UNLV has positioned in the top 10 for the past 7 years.

“The diversity of our trainee population represents the future of metropolitan public research universities,” stated UNLV President Len Jessup. “This ranking is a reflection of the altering demographics of our state and our country, and we’re happy to be at the forefront of this change.”

The Best Ethnic Variety classification recognizes colleges where trainees are most likely to encounter undergraduates from racial or ethnic groups different from their own. It kept in mind UNLV’s high percentage of Hispanic trainees, roughly 29 percent.

“Our varied student body enhances the cultural vigor of our school, bringing distinct perspectives that raise the college experience for everybody,” stated Jessup.

More than half of all undergraduate students at UNLV report becoming part of a racial or ethnic minority. The United States News ranking, which examined information from the 2016-17 academic year, calculated an increase in UNLV’s variety index from 0.74 to 0.75 on a scale of 0.1 to 1.0. UNLV was among 3 universities with a 0.75 variety index, consisting of Andrews University and Rutgers University.

In the spring, UNLV launched The Crossway, a comprehensive scholastic multicultural center for students, professors, and staff that offers gain access to and linkages to individuals, information and services. Found on the first floor of the Trainee Union, the campus resource helps students, particularly first-generation and students of color, successfully navigate their scholastic careers.

In 2015, UNLV became the very first four-year institution in Nevada to reach Hispanic registration of 25 percent, satisfying the USA Department of Education’s meaning of an Hispanic Serving Organization. The university also fulfills Minority Serving Institution requirements as an Asian American, Native-American, and Pacific-Islander-Serving Institution.

The listing considers the overall mix of Black, Hispanic, American Indian, Asian-American Pacific Islander, White and multiracial (two or more races) trainees. It does not include international students.

The “Best of Ethnic Variety” ranking was consisted of in U.S. News & & World Report’s annual list of Best Colleges. Find a link to the full report at usnews.com/best-colleges/rankings/national-universities/campus-ethnic-diversity.

UNLV Marks 60th Anniversary Week with Campus Birthday Party, State of the University Address

UNLV turns 60 this fall– Sept. 10 to be specific– and a host of activities are planned throughout the term to highlight our university’s abundant history and its incredible change into a premier city research organization.

Next up is 60th Anniversary Week and the neighborhood is welcomed to participate in the student-led birthday event Sept. 12 (with cake) and pay attention to UNLV President Len Jessup’s vision for the future at his yearly State of the University Address Sept. 14.

For a complete list of 60th Anniversary events, check out unlv.edu/60

UNLV 60th Birthday Party

When: Tuesday, Sept. 12 from 2 p.m. to 5 p.m.

Where: Pida Plaza, outside the Student Union

Sign up with the student-led Rebel Occasions Board for UNLV’s 60th Birthday Party. During the spirit rally portion of the occasion from 2 p.m. to 2:30, President Jessup and occasion organizers will share remarks and cut the 60th-themed red velvet birthday cake along with members of the UNLV band and pom group.

Arrive early for a piece of birthday cake, grab an image in the photo booth and take part in the afternoon celebration.

President Jessup’s State of the University Address

When: Thursday, Sept. 14, 2017, 2:30 pm. to 4 p.m.

Where: Judy Bayley Theatre, near Maryland Parkway and Home Grove Opportunity

Media: Interview chances with President Jessup will be available right away following the address.

UNLV President Len Jessup will provide his annual State of the University address to start the new scholastic year on campus and mark UNLV’s 60th anniversary event. Throughout his address, Jessup will highlight campus achievements, provide updates on essential initiatives and activities, and share his vision for the university’s future.

Len Jessup began his tenure as UNLV’s 10th president in January 2015. Since then, the university has actually settled a tactical strategy to sign up with the ranks of the nation’s leading tier public research universities through a commitment to research study, trainee achievement and neighborhood effect. In 2017 the university launched a brand-new UNLV School of Medication, commemorated a record year for fundraising, enhanced both research awards and expenditures, and enhanced its commitment to community engagement.

Video: President Welcomes Trainees Back to Campus

Len Jessup provides three quick ideas for your success this fall.

Campus News| Aug 28, 2017|By

UNLV News Center

President Len Jessup shared 3 simple ideas to guide students to the numerous resources on campus this fall. Here’s where to find more info on the resources he discussed:

1. Get Included

Through clubs, diversity programs, service activities and far more, the Student Engagement & & Diversity workplace will connect you to fellow Rebels, the campus, and our neighborhood. It lies on the third flooring of the trainee union.

2. Request for Assistance

Don’t know where to start? Attempt The Intersection, UNLV’s comprehensive multicultural center. The center assists students, particularly first-generation and students of color, successfully browse their scholastic professions. Easily located on the first flooring of the Trainee Union, The Crossway is your location to link to the ideal people, information, and services from throughout campus.

Having difficulty in a class? Daunted by picking a significant? The Academic Success Center assists trainees plan their course to graduation through tutoring, advising, coaching, and other support services. It’s located on Alumni Walk throughout from the Trainee Providers Complex.

3. Commemorate!

UNLV has actually come a long method in our 60 years– from a dusty station on the edge of town to a flourishing city research study institution. Sign up with the dozens of events we have actually lined up to celebrate our innovative frontier spirit. Find out more on the 60th Anniversary siteand share your very own experiences all year long in social networks with #UNLV 60.

UNLV Sets Campus Fundraising Record with $93 Million Year

More than $93 million in new presents and promises were devoted to UNLV during the recently finished fiscal year, setting a new annual record for philanthropic contributions to the university.

UNLV reached its new high water mark in June with an anonymous $25 million contribution, the largest single gift in the university’s history. The contribution, which was matched by the state throughout the final days of the 2017 Nevada Legislative Session, will start building and construction of a medical education building for the UNLV School of Medication.

The yearly total is comprised of promises and money and cash-equivalent contributions from individuals, corporations, and private structures. From July 1, 2016 to June 30, 2017, almost 22,700 contributions were tape-recorded from more than 10,000 donors.

Over the past three years, the UNLV Structure has actually raised $243 million. Funds raised assistance all sectors of campus and will positively affect students, faculty, research study, and facilities.

” The commitment from our donors and the community is both effective and inspiring,” stated UNLV President Len Jessup. “We are immensely grateful for their continued self-confidence in our university and its essential function in our area.”

UNLV’s record fundraising year likewise included a brand-new annual high for athletics fundraising, with almost $22 million in presents and promises committed to UNLV Sports. This includes $10 million commitment from siblings Frank and Lorenzo Fertitta for the prepared Fertitta Football Complex, a 73,000 square-foot football training facility near the group’s current practice field on the school’ north end.

Additional 17 fundraising highlights include:

Nearly $18.3 million designated to buildings and facilities (in addition to the $25 medical school gift);.
$ 13.8 million in new scholarship support;.
$ 5.8 million in brand-new presents to endowed funds;.
$ 4.6 million in brand-new estate dedications;.
A $1 million gift from Jon Huntsman Sr. in honor of Sen. Harry Reid that will money an endowed chair in history;.
13 presents and commitments of $1 million or more.

Alumni played a pivotal role in the year’s robust numbers, representing 47 percent of all donors.

” We see this year as a key step in our development toward becoming a top tier university,” stated Scott Roberts, who has actually acted as Vice President for Philanthropy and Alumni Engagement given that September 2016 and was called President of the UNLV Structure in February 2017. “It is an honor to deal with the terrific alumni and friends who care so much about UNLV and believe in our vision. We are eager to continue working to build a world-class university for a world-class city.”

Current department restructuring has integrated the alumni relations, yearly providing, and local advancement departments. The department likewise just recently filled key vacancies, hiring Chad Warren from Ohio State University to head the group as senior associate vice president for alumni engagement and yearly providing. He likewise functions as executive director of the UNLV Alumni Association. Margo Wolanin, formerly vice chancellor for advancement at the University System of Georgia, joined UNLV in June as senior associate vice president for development.

Find out more about how personal providing is making a distinction at UNLV and find methods to get involved by checking out unlv.edu/foundation or call 702-895-3641.

UNLV staffer, daughter escape injury in campus shooting

Published Thursday, July 13, 2017|10:31 a.m.

Upgraded 28 minutes ago

A UNLV staff member and her daughter left injury today when a car followed them onto campus and opened fire on their car, inning accordance with university authorities.

The female stated she didn’t understand the guy owning the car and thought the occurrence may have been the outcome of road rage, police stated.

The female informed private investigators the parking area next to her pickup truck in a parking lot before the driver supported and started shooting, police said. A minimum of three rounds struck the windshield and passenger side of the truck, authorities said.

Neither the woman nor her 11-year-old daughter were harmed, police said.

The chauffeur who fired the shots got away, authorities stated.

After the shooting, trainees and faculty were cautioned to lock doors and remain inside. But the campus is now protected and open, authorities stated.

“No more occurrences reported,” UNLV Authorities said.

UNLV and Metro Cops are examining. Individuals are recommended to prevent the location, which is just north of the Thomas & & Mack Center.

MetLife Expanding Global Tech Campus in NC

Highwoods Set to Establish 3rd Pre-Leased Build-to-Suit for Financial Service Giant in Weston Job

MetLife (NYSE: MET) is expanding its worldwide technology school in Cary, NC, with a commitment to lease a third office building amounting to 219,000 square feet.

The build-to-suit office complex will be developed on the remaining 13.5 acres offered within a 40-acre website owned by Raleigh-based property financial investment trust, Highwoods Residence (NYSE: HIW). With the addition of the 3rd structure, Highwoods will have developed an overall of 655,000 square feet for MetLife for its school situated between Raleigh and North Carolina’s Research study Triangle Park.

“Our expanded Global Innovation School enhances our capability to drive the digital initiatives that are at the heart of our commitment to earning the right to be the consumer’s first option,” stated Marty Lippert, executive vice president and head of international technology & & operations, MetLife. “By combining a wide range of technologists, we are creating a culture of digital innovation that’s already providing outcomes.”

Highwoods established the very first two buildings in MetLife’s worldwide innovation school in 2015. The campus is situated near I-40 and the Raleigh-Durham International Airport in the 1,000-acre mixed-use Weston PUD.

“This growth represents totally new market absorption,” said Ed Fritsch, president and CEO of Highwoods Properties. “The success and growth of MetLife in Weston because we delivered their preliminary structures in 2015 highlights the strong technology-oriented work pool that continues to attract companies to the Triangle location.”

The brand-new project is anticipated to cost $63 million, bringing Highwoods’ overall investment in the campus to roughly $172 million. The advancement has been created to accomplish LEED certification and will consist of structured parking.

Building on the job is slated to begin this summer and involve the very first quarter of 2019 with move-in slated for the first half of 2021.

Harrison Street Taking Campus Crest Communities Private In $1.9 Billion Transaction

Latest Public-To-Private Acquisition Spotlights Broadening Investor Interest In Student Real estate Property Sector

Private-equity company Harrison Street Real Estate Capital LLC has actually struck an offer to get student housing owner and operator School Crest Communities Inc. in a deal that values the Charlotte, NC-based REIT at about $1.9 billion, including assumed financial obligation.

Under the regards to the offer, Harrison Street would obtain Campus Crest (NYSE: CCG) at $7.03 per share, consisting of $6.90 in money, plus $0.13 in net proceeds from the REIT’s sale of a joint-venture interest in Evo, a student real estate asset in downtown Montreal.

CCG shares jumped almost 15 % in heavy trading on Monday. The merger with Harrison Street is anticipated to close in the very first quarter of 2016 and the sale of the Montreal joint venture stake is anticipated to close by Oct. 30. However, if the Montreal sale does not close prior to the merger closing, Campus Crest investors will receive a considerably lower return of about $6.23 per share in cash and one non-transferable contingent value right per share.

The deal is one of the biggest including the student housing sector, which has actually drawn enhancing interest from financiers varying from private-equity funds and REITs to pension funds and other institutional investors. Campus Crest Communities is one of the largest owners and managers of student real estate buildings near college campuses, with ownership interests in 79 student real estate homes with over 42,000 beds throughout North America.

In 2014, the REIT revealed it was exploring strategic options earlier this year after receiving financier inquiries following a corporate restructuring. The transaction is the latest private takeout of in the REIT area, where shares have actually been damageded by stock exchange volatility and issues about the potential for the first rise in rate of interest considering that 2006.

Earlier this month, Blackstone Group LP accepted buy life science and biotech property owner BioMed Realty Trust Inc. for $4.8 billion. Blackstone also accepted acquire Strategic Hotels & & Resorts in in September for a magnificent $6 billion.

Shares of REITs have typically under-performed this year as financiers gird for the very first interest-rate hike because 2006, developing opportunities for buyers like New York-based Blackstone

Meanwhile, student-housing developers have become incnreasingly active. Athens, GA-based Landmark Characteristic began construction on eight new communities last summer season, with 14 tasks totaling approximately 10,000 beds and more than $1 billion in investment under advancement across the country as of Aug. 31, and plans for another 20-plus jobs.

Other leading student real estate REITs, including American School Communities (NYSE: ACC) and Education Properties Trust (NYSE: EDR) also remain to construct out their advancement pipelines, moneying brand-new projects from the disposition of non-core assets. Although ACC has said it intends to pull back on acquisitions for the balance of 2015 and may even offer some core possessions.

On the other hand, private equity and pension funds are seeking to make the most of their lower level of capital to get top quality student real estate assets,

“From the time management very first discussed strategic options in July, we presumed this would be a personal equity deal,” noted Rod Petrik, REIT expert with Stifel Nicolaus. “Both ACC and EDR openly mentioned they had no interest in the company as an entire, keeping in mind that the portfolio doesn’t fit their particular techniques.”

Trading at a cap rate estimated in the low 6 % range, the offer is richer than indicated cap rates for both ACC and EDR, highlighting exactly what Petrik said is “the disconnect between the public REIT evaluation and private offer evaluation.”

Moelis & & Co. LLC served as School Crest’s financial adviser and Kilpatrick Townsend & & Stockton LLP is working as its legal consultant. Raymond James and Associates Inc. is working as Harrison Street’s monetary advisor, with DLA Piper LLP (working as its legal advisor.

Professor shot, killed in his office at Delta State; campus on lock down

JACKSON, Miss.– A teacher was shot and killed on Monday at Delta State University in Mississippi, a county coroner said, and the school stayed locked down after reports of an active shooter on campus.

The university, located in Cleveland, Mississippi, verified a casualty on its Twitter account and asked those on school to stay within and away from windows.

The Bolivar County Coroner stated the shooting victim was a male professor. The victim remained in his office at the time of the shooting, Roark stated, adding that the shooter remains at large.

The suspect remained on the loose, the Clarion-Ledger newspaper reported, pointing out the Cleveland Police Department.

An agent for the university’s interactions office stated it had no additional remark.

More than 4,000 students are registered in the public university, located 120 miles (193 km) northwest of Jackson.

This is an establishing story. Examine back for details.

UNLV working to eliminate '' commuter campus ' label

Simply east of this desert city’s gleaming resort passage, the University of Nevada, Las Vegas anchors a hardscrabble stretch of Clark County with early indications of college life.

Backpack-toting students share crowded walkways with homeless individuals pushing shopping carts along Maryland Parkway, where worn-out apartment or condo buildings are tucked in between retail plazas like College Town and University Gardens.

The 332-acre campus, situateded in the heart of a big city bursting with entertainment choices, has the trappings of a significant university– Greek life, intercollegiate sports and student housing.

Yet in spite of all it provides, UNLV has struggled for decades to shed its image as a sleepy commuter school. Just last fall did it manage to fill its dormitory halls to capability, squeezing 6 percent of its students onto the school. That leaves UNLV lagging far behind the University of Nevada, Reno, where 17 percent of students stay in campus real estate.

“It would be nice if me and my sorority sis could live together right here,” stated Lora Wulff, a UNLV freshman who lives about 25 miles from the school, in the north valley.

Wulff wishes to move closer to school, however housing is scarce and it’s hard to live there anyhow without having to drive in other places for necessities and errands.

“From exactly what I have actually heard, in other colleges in other states you can actually walk places,” stated Wulff, 18. “It would be quite cool if it were like that here, but it most likely won’t occur.”

GOING RESIDENTIAL

UNLV administrators have actually invested the previous 4 years aiming to transform the school and its surrounding area into a more welcoming house for students like Wulff. They have actually had some success, more than doubling the number of occupants staying in the university’s 4 dormitories, which open to brand-new homeowners on Wednesday and to returning homeowners on Friday.

The push began in early 2011, when administrators realized all four dorm rooms at UNLV were just half complete because employees weren’t appropriately hiring renters. Officials employed a private company to manage the properties, and last fall all four dorms were above capability with 1,750 students in house, said Gerry Bomotti, UNLV’s senior vice president for finance and business.

“When I began more than 20 years ago, there was barely anyone living on school, and I would state it was accurately portrayed as a commuter school,” said UNLV Elder Vice Provost Carl Reiber. “Now, with three-quarters of our students being full-time, we’ve gone through an extreme improvement, and that’s not by mishap.”

Officials believe that students who live near school are more likely to take a complete course load, enhancing their chances of finishing. Plus, Reiber said, a standard college experience leads to valuable networking amongst emerging experts.

But change at UNLV has actually been sluggish and unsteady, halted in the late 2000s by an economic recession that bruised enrollment levels. Now that the dormitories are at full ability and the school is recovering financially, college officials are trying to bolster UNLV’s real estate stock– a strategy they postpone prior to the nation’s monetary crisis struck Las Vegas and required the school to close its 5th dorm complex.

Intent on rejuvenating locations in and around the university, administrators have pursued a minimum of three major partnerships with private investors to construct new houses and retail area for students. Two of those endeavors have failed due to financing problems.

The first, called UNLV Now, was a $900 million task proposed by a university consultant in 2012 to produce a stadium complex with apartment or condos, retail space and dormitories with as much as 5,000 beds in the southwest corner of the campus. It was ditched the following year.

The 2nd proposition was called Midtown Park, a $175 million apartment-style dormitory project tentatively authorized in early 2013 by state education officials. It was scheduled to open this fall, replacing the aging, independently possessed University Park Apartments complex at Maryland Parkway and Home Grove Opportunity. However that strategy likewise was ended in 2013.

The current strategy reboots efforts to develop University Park. Through a collaboration with Seattle-based real estate company Midby Business, UNLV plans to spend $18.5 million to acquire a 6-acre stretch of that plot, while Midby will certainly fund and handle a new apartment building developed at the site.

The Nevada Board of Regents in April authorized a financing plan for the deal, and although the business has declined to specify just how much it wants to invest in the home, Bomotti said tentative plans suggest Midby could house at least 740 students as early as 2017. Within the next decade, UNLV hopes the company can create sufficient area for 3,000 beds.

PRIVATE PARTNERSHIPS

UNLV has progressively counted on the private sector to develop as well as manage real estate off the school– officials say this lets the school commit most of its financing to academic structures and facilities. The school is working with another personal company to develop a parking structure across from Greenspun Hall, near Maryland Parkway and University Road.

“The economic sector does a terrific task, actually,” Bomotti stated. “Occasionally they’re much better able to handle some of these activities that aren’t core to our university objective.”

Noticing need, some privately possessed apartment building around the school market and cater to students even though they aren’t associated with UNLV.

At Rebel Location, situated at 3896 Swenson St., about half a mile north of the school, students can take a courtesy shuttle bus to and from the school every 20 minutes throughout the routine school year. There are 24-hour study rooms, and each bed room inside the complex is furnished with desks.

“We likewise offer them treats during finals,” said Geena White-Arbizo, the building’s assistant manager. “We aim to make things very practical for them.”

DIFFERENT INTERESTS

Public-private collaborations can have numerous benefits, but they can be risky since schools put themselves at the mercy of a business’s bottom line, education experts warn.

“Whenever you engage the economic sector, you need to remember that they expect making a revenue,” stated Doug Priest, an associate professor emeritus of higher education at Indiana University and co-editor of “Privatization and Public Universities,” published in 2006.

“Universities are aiming to protect students, however private institutions are attempting to protect their revenue,” Priest said.

The honesty of a student real estate center likewise can be jeopardized if it isn’t really managed straight by school officials, said Jerome Maese, director of residential life at UNR. Employee at the Reno school supervise students at all 8 housing facilities, consisting of Ponderosa Town, a residence hall for college students that is partly funded by a private financier.

UNR residences 3,300 students who live there on the condition that they preserve satisfactory grades. The school’s emphasis on scholastic efficiency at student real estate centers is exactly what lures lots of there, Maese stated. Those living on campus have much better access to tutoring services, and they even get rent specials for having a high GPA.

“The problem that you have when a facility isn’t university-operated, for us, is that you cannot have academic requirements and grade checks and enrollment checks,” Maese said in a July interview. “When we knock on somebody’s door with an infraction, we have the authority of the university, not just a property owner.”

At UNLV– where real estate alternatives are vastly more limited– students are lucky if they can just discover a clean, inexpensive apartment within walking distance to class.

For example, Han Bee Kim– a 21-year-old worldwide student from Korea who is studying hospitality at UNLV– aspires to move a mile north from her home at the Rancho Alvarado Apartments to the Vegas Towers Apartments, although the swank high-rise is further from school and will certainly be substantially more expensive. Rancho Alvarado promotes rates as low as $525 each month, while Vegas Towers notes its lowest lease at $940.

Kim says it’ll be worth it: “No cockroaches there.”

Contact Ana Ley at aley@reviewjournal.com!.?.! or 702-224-5512. Find her on Twitter @la__ley