May 2, 2016 – May 9, 2016

Cushman & Wakefield Strategic Consulting Publication

 Industry Related Reports

 National News

  • Capella Snaps Up Another Coding School
    “The US business will pay “up to $20 million” for DevMountain, of which $15 million has been paid in cash and an additional $5 million will be paid over three years, pending the achievement of certain performance targets. Founded in 2013 in Utah, DevMountain offers in-person software coding programmes in web and iOS development….”
  • Bright Horizons Reports Profit and Sales Increases
    “The US firm attributed the uplift to contributions from new and ramping full-service child care centres, average price increases of 3-4%, and expanded sales of back-up dependent care and educational advisory services….”
  • Shareholders in Apollo Education Approve Revised Takeover Bid
    “Shareholders in for-profit education group Apollo Education have approved a revised takeover bid from a consortium of investors, valuing the company at $1.14 billion (£776 million). It follows a backlash from some of Apollo’s largest institutional investors, who had argued that the struggling firm was being sold too cheaply….”
  • Credit Reform: How Tech and the Changing Needs of the Workforce Will Create the Higher Ed System of the Future
    “The shift in postsecondary credentialing and the needs of the 21st-century workforce will revolutionize higher education. Colleges and universities have vast potential to be positive agents of this change….”

Local News

California

Illinois

  • College of DuPage Picks New President
    “After a year of tumult that saw its leader fired amid a spending scandal, the College of DuPage board entered a new era on Monday night by choosing a new college president, Ann Rondeau. Her presidential term begins July 1….”

Indiana

Massachusetts

  • UConn, Hartford Knot $4M Space-Sharing Pact
    “Leaders from Hartford Public Library, UConn and the City of Hartford signed a $4 million agreement Thursday to renovate and lease space at the library for the university’s new downtown Hartford campus, expected to open in Aug. 2017. UConn’s arrangement with the library runs 15 years. Its annual payments will cover expenses incurred by the library. The first year’s fee is $172,000….”
  • UConn West Hartford May Sell To Chinese School; Town To Decide By May 14
    “The UConn board of trustees approved a deal Wednesday to sell its West Hartford campus to a Chinese education group — if the town doesn’t agree to buy it before a May 14 deadline. Weiming Educational Group has agreed to purchase the campus for $12.6 million for use as an international high school….”

New York

  • New Technology Incubator Opens on Staten Island
    “The College of Staten Island opened up the facility at 60 Bay St. last week. It’s designed to offer new companies office space, workshops and classes. The college is also opening a satellite location nearby at 120 Stuyvesant Place, which will start classes in the fall. Kress said the incubator idea was partly born out of Borough President James Oddo’s push to increase technology jobs in the borough….”
  • New MCC Downtown Campus Taking Shape
    “Located at the corner of Morrie Silver Way and State Street, the buildings were bought by Monroe County, which is MCC’s local sponsor. The county has committed $36 million to the new $78 million downtown campus, with the state matching that amount. An additional $6 million comes from grants obtained by MCC and the county, which are matched by the State University of New York….”

Texas

Wisconsin

  • Marquette University Plans $96 Million Student Housing Project
    “The project will consist of two connected residence halls on the northwest part of campus. University architect Lora Strigens says the co-ed residence halls will have about 375 beds each and be connected through the ground floor by dining and campus community space. The new housing is meant to accommodate freshman and sophomore undergraduate students….”

World News

  • Busy Bees Acquires Bush Babies Children’s Nurseries
    “Busy Bees, the largest nursery group in the UK, has snapped up Bush Babies Children’s Nurseries for an undisclosed sum. In January, Busy Bees acquired northeastern nursery operator Kids 1st  for a rumoured  £25-30 million….”