Anca Gagiuc
Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com
San Mateo Company Looks to Float on Microsoft’s Cloud
Redmond, the small city in the Puget Sound area, is most often referred to in relation with its famous resident: Microsoft. The software behemoth is the financial backbone of Richmond and the main driver of both commercial and residential real estate. San Mateo, CA-based private investor G.W. Williams Co. recently entered the market with the purchase of a residential property in the proximity of Richmond’s major employment centers.
NYC Investor Takes 2 Office Buildings
New York-based real estate investment company Valor Capital Partners joins the investors attracted by Austin’s desirable commercial office market. Recently, the firm announced the acquisition of two Class B office buildings, previously owned by a Dallas investor.
Brookwood Takes a Trio in Carlsbad
After re-entering the California real estate market in 2012, Brookwood Financial Partners has continued to expand its holdings in the state, particularly focusing on the San Diego metro. After spending the better part of last month boosting its management ranks – Brookwood added Matthew T. Brown, Brian Trout and Jonathan K. Dayton to important positions — the company recently completed deals for three office properties in the Carlsbad submarket, adding a total of 351,928 square feet of space to its commercial real estate portfolio.
Northwest San Antonio Goes Country
The upper-midscale hotel brand Country Inns & Suites by Carlson announced the signing of Country Inn & Suites By Carlson, San Antonio Medical Center.
Medically Anchored Retail Center Appeals to Californian Firm
Culebra-Crown Meadows, Ltd., an affiliate of Carmichael Development Company, has sold the Crown Meadows Shopping Center in San Antonio for an undisclosed amount.
Canadians Invest in River City
San Antonio’s investment market seems to be making a comeback after a period of silence, catching the eye of institutional investors.
Bellevue Gives Multifamily Developers a Tax Boost
The City of Bellevue recently adopted an important piece of legislation which should prove vital to the area’s housing market. Bellevue follows suit to a number of Washington cities that have already used the measure to improve the situation of their housing markets. With neighboring Seattle in a constant search for the best scenario for its affordable housing situation, Bellevue is accessing a tax break that is available to a number of cities in the state.
Coming Soon to Austin: “Surf’s Up!”
The ocean is being brought to Austin by engineer and surfer Doug Coors in the only inland surfing destination in North America. After 15 years of research for the wave technology that mimics a perfect break, NLand Surf Park is under construction with completion slated for 2016.
Austin Capital Advisors Eyes Growth in N. Austin Asset
The real estate private equity company Austin Capital Advisors (ACA) acquired a new multifamily community in the North-Central submarket, one of the city’s strongest regions, with increased transaction activity and strong economic fundamental.
Investor Likes the Terrain Near Williamson Creek
More is action taking place in the South Austin submarket. Recently, HFF announced closing the sale of Terrain, a 101-unit apartment community in the region.