Lower real estate prices are spurring universities to buy up properties and increase the size of their campuses. Private schools are expanding student housing, lowering construction costs for ongoing developments and initiating other projects. Barry University in Miami Shores, for example, bought a 57-unit rental apartment complex near campus for $4.6 million in February. Palm Beach Atlantic University may also be interested in making acquisitions.
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|
|Miami board approves new plan for Coconut Grove Playhouse|
|Two South Florida apartment complexes hit the market|
|Miami board approves new plans for former Boulevard 57 site|