National market report: Co-living takes on the Big Easy, St. Paul to get a masterplanned development … & more

From the June issue: The growing demand for downtown living in cities across the U.S., combined with the high cost of living alone, is leading to the spread of “co-living” developments far beyond global hot spots like New York and San Francisco. A Minneapolis-based developer has filed an application to build a mixed-use complex with 640 to 830 apartments across the river from downtown St. Paul, according to the Minneapolis/St. Paul Business Journal. A CBRE-sponsored fund reportedly shelled out $183 million for a 263,000-square-foot outdoor shopping center in Philadelphia suburb King of Prussia, the Philadelphia Inquirer reported. A midcentury office building in downtown Arlington, Virginia, may soon be replaced by a mixed-use tower twice the size of the current structure, the Washington Business Journal reported.