Adriana Pop
Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https://www.linkedin.com/in/ioana-adriana-pop-811772108/.
Beacon, Novare Plan $60M Apartment High Rise
by Adriana Pop, Associate Editor Local developer Gregg Sandreuter’s Beacon Partners along with Atlanta-based Novare Group are planning a 23-story luxury apartment tower in downtown Raleigh. According to the NewsObserver, the 320-unit high-rise will be situated on the southwest corner of Martin and Blount streets. At a price tag of $60 million, SkyHouse Raleigh will […]
Affordable Housing Partners Wins Bid to Purchase Leasehold on 12 City Rentals
by Adriana Pop, Associate Editor The City and County of Honolulu has selected Honolulu Affordable Housing Partners LLC to complete a leasehold purchase agreement for the City’s 12 rental housing complexes. In February, the City and County of Honolulu issued a Request for Proposal seeking bids from private companies interested in purchasing, managing and maintaining 12 affordable apartment […]
Samaritan Closes on $147M Tax-Exempt Bond to Finance Seniors Community
by Adriana Pop, Associate Editor Nonprofit Samaritan Housing Foundation Inc. will be obtaining $147 million in tax-exempt resource bond financing to fund the construction of SearStone Senior Citizens Community in Cary. According to CityBizList Atlanta, law firms Krevolin & Horst and Peck, Shaffer and Williams LLP arranged to secure the bonds issued by the Public Finance Authority. Bond […]
Buncher’s $400M Mixed-Use Project in Strip District Passes First Test
by Adriana Pop, Associate Editor The Pittsburgh City Planning Commission has approved the establishment of a special planning district for Buncher Co.’s estimated $400 million, 37-acre mixed-use development in the Strip District. The project, called Riverfront Landing, will also need to go before the City Council for approval. Under the plan, Buncher is proposing at […]
Construction of $350M West Oahu Shopping Center Postponed
by Adriana Pop, Associate Editor DeBartolo Development LLC announced that construction on the first phase of its $350 million Ka Makana Ali’i regional shopping center in East Kapolei has been delayed until early next year. The initial part of the project calls for the development of a neighborhood center that will feature a grocery and […]
Citrix Seeks New Space in Downtown Raleigh to Invest $12.5M
by Adriana Pop, Associate Editor Citrix Systems Inc. plans to expand its data-sharing division by investing at least $12.5 million in a new facility in downtown Raleigh. The company chose Raleigh over Atlanta and Austin for its expansion. Jesse Lipson, general manager of Citrix Systems data sharing operations, told the Triangle Business Journal that the […]
Hawaii Land Commision Rezones Rural Acreage in Central and West Oahu for Master-Planned Development
by Adriana Pop, Associate Editor The Hawaii Land Use Commission (LUC) has approved the reclassification of approximately 800 acres of prime agriculture lands, paving the way for the development of the $2.2 billion Koa Ridge master-planned community in Central Oahu by Castle & Cooke Homes Hawaii Inc. By a 7-0 decision, the commision approved changes in […]
Shell Evaluates Site in Beaver County to Build $3.2B Gas Processing Facilities
by Adriana Pop, Associate Editor Shell Oil Co. is assessing whether to build a multibillion-dollar petrochemical complex that would process gas locally produced from the Marcellus Shale in Appalachia. Shell said it would reach a decision in 18 to 24 months. Shell Chemical LP signed a land option agreement with Horsehead Corp. in March to evaluate a […]
Mayoral Candidate Cayetano Promises to Stop Rail Project
by Adriana Pop, Associate Editor If elected, Honolulu mayoral candidate and former Gov. Ben Cayetano intends to cancel the $5.2 billion elevated rapid-transit rail project. Cayetano told the Pacific Business News that the development could be stopped through a veto of the appropriation for the Honolulu Authority for Rapid Transportation. The rail line, covering a 20 […]
Wells Fargo, Pappas Properties to Develop Foreclosed Masterplanned Community
by Adriana Pop, Associate Editor Wells Fargo Bank and developer Pappas Properties of Charlotte are planning to restart a 24-acre master-planned development that the bank had earlier foreclosed upon. According to the Triangle Business Journal, Pappas and the bank have jointly filed a a new master plan proposal and a rezoning request for the 24-acre site known as […]