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/.
Three New Student Housing Complexes to Open Near N.C. State University
by Adriana Pop, Associate Editor
Construction of three new luxury student complexes is underway near North Carolina State University in Raleigh, N.C.
Slated to open simultaneously this summer, the three developments will offer a total of 1,770 off-campus bedrooms, the NewsObserver reports. In spite of the growing concern over the cost of higher education, experienced student housing […]
First Wind Closes on $236M Loan for Hawaii’s Largest Wind Project
by Adriana Pop, Associate Editor
First Wind announced it has obtained $236 million in financing to develop Hawaii’s largest wind-energy project.
The 69 megawatt (MW) Kawailoa Wind farm will be built on Kamehameha Schools’ Kawailoa Plantation lands on the North Shore of Oahu. Once complete, the wind energy facility will have the capacity to power the equivalent […]
Shell Announces Possible Ethane Cracker Plant Location
by Adriana Pop, Associate Editor
Shell Chemical LP signed a land option agreement with Horsehead Corp. to evaluate a site in Beaver County, where it could build a multibillion-dollar ethane cracker plant.
The Shell subsidiary chose a 300-acre area near Monaca, in close proximity to the Conway Railyards and approximately 15 miles from the Pittsburgh International Airport.
“This is […]
ECI Purchases Apex Site to Develop 300-Unit Apartment Complex
by Adriana Pop, Associate Editor
Georgia-based ECI Group Inc. plans to develop the Columns at Broadstone, a 300-unit multifamily apartment complex in Apex. The NewsObserver reports that the company paid $2.2 million for a 19-acre site just off U.S. 1, near its intersection with E. Williams Street. ECI Group acquired the land from Kite Realty, owner […]
Bascom Buys $73.5M Property in State’s Largest Multifamily Acquisition Since ’07
by Adriana Pop, Associate Editor
The Bascom Group LLC has acquired Oasis at Waipahu Apartments, a 406-unit community in Waipahu, Hawaii for $73,500,000. The sale represents the state’s largest multifamily transaction since 2007.
In a recent announcement, Andrew Newton, principal at The Bascom Group, said this is the company’s sixth acquisition in Hawaii. “The Hawaii market has […]
Mylan to Build Corporate HQ in Town Center Overlay District
by Adriana Pop, Associate Editor
Mylan Inc. plans to develop new corporate headquarters near its current location in the Southpointe Office Park in Cecil Township, Washington County, Pa.
The project entails the development of an approximately 280,000-square-feet LEED-certified office building. Expected to […]
Beech Lake Apartments in Durham Sells for $19.7M
by Adriana Pop, Associate Editor
Palatine Capital Partners Management LLC has sold the 345-unit Beech Lake multifamily community located in Durham for $19,700,000. Westdale Properties and Lubert-Adler acquired the apartment complex. The transaction closed on Dec. 24, 2011. Apartment Realty Advisors […]
$5.2B Honolulu Rail Project Remains Controversial
by Adriana Pop, Associate Editor
The City and County of Honolulu plans to develop a $5.2 billion elevated rapid-transit rail project covering a 20 mile route from East Kapolei to Ala Moana Center. The proposed rail line will pass Waipahu, Leeward […]
Healthcare Trust Buys Medical Office Building for $54M
by Adriana Pop, Associate Editor
Healthcare Trust of America recently purchased the eight-story Penn Avenue Place office building for $54 million. According to the Pittsburgh Tribune-Review, the seller is Penn Avenue Place Associates LP, led by Steven J. Guy.
Healthcare Trust of […]
Chapel Hill Approves New Downtown Apartment Complex
by Adriana Pop, Associate Editor
The Town Council in Chapel Hill unanimously approved the construction of Shortbread Lofts, an 85-unit apartment complex on West Rosemary Street.
The development takes advantage of the strength of the Chapel Hill apartment market, which is experiencing […]