BusinessReport.com

New owner for University Crescent and Burbank Commons: An Austin, Texas-based student housing developer has taken over the University Crescent and Burbank Commons apartment complexes as part of a $1.4 billion deal. American Campus Communities acquired the complexes as part of its merger with GMH Communities trust. ACC paid $30.8 million for University Crescent, which has 192 units, and $21.3 million for Burbank Commons, which has 440 units. Seafood restaurant, boutique, coffee shop, urgent care clinic in the works for downtown: The owners of the popular Little Village restaurant are planning to open a second downtown fine-dining spot this fall in the refurbished Kress at Third & Main building. A letter of intent is in place for the Little Village Fish House to move into a spot along Third Street, says John Schneider, president of Cyntreniks of Baton Rouge, which is redeveloping the Kress building. Cyntreniks is negotiating with several other retail tenants, including a deli, which would sell breakfasts and light lunches and then serve desserts and cordials at night, a movie theater and a regional women's clothing store. The plan would be to have the restaurants, women's store and theater on Third Street. On the Main Street side, potential tenants include a pharmacy, an urgent care clinic and a credit union, Schneider says. Tenants moving into Southdowns Village: Four tenants are moving into Southdowns Village as part of an art and design section of the Perkins Road shopping center. Interior design firm Interiors 2, architectural hardware retailer The Front Door, Jeannie Frey Rhodes Photography and a second location for Ann Connelly Fine Art are scheduled to open in the center over the next few months, says Sage Roberts, a spokeswoman for Donnie Jarreau Companies, which is redeveloping Southdowns Village.