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
International: Skanska Cashes Out in the UK
The international company is saying good-bye to one of its assets in the British city of Bristol.
After 12 Years Away, JPI Returns to Austin
Austin has seen consistent economic growth for the past several years, turning its multifamily industry into one of the most aggressive markets in the nation. National developer, builder, and investment manager of Class A multifamily assets JPI took note and announced the opening of its new office in Austin.
Green Light for Consolidated Car Rental Complex at Airport
The car rental companies currently scattered around San Antonio International Airport will finally be gathered in one building across the street from the terminals. After a few years of negotiations, the San Antonio City Council has approved the construction of a $163 million Consolidated Rental Car Facility (CONRAC) at the airport.
Austin’s Condo Craze Continues
The master redevelopment of the Green Water Treatment Plant near the corner of Cesar Chavez and San Antonio streets includes a 32-story LEED Gold registered high-rise placed on the shores of Lady Bird Lake.
Foremost Communities Changes Direction and Name with SoCal Retail Acquisition
The changing real estate landscape is challenging investment companies to alter their strategies and even diversify their portfolios. Foremost Companies is one such entity. The company recently completed the acquisition of two adjacent shopping centers in Diamond Bar, for a purchase total of around $23 million.
International: InterContinental Adapts 12th Century Hospital
The hotel group continues to strengthen its position on the international market, with a purchase in France.
Santolina Master Plan Passes another Milestone
The Santolina master plan process has consisted of twelve public hearings, two workshops and multiple open houses and meetings since its conception. After 22 months, this new west side development is getting closer to receiving full approval from Bernalillo County commissioners.
Canadian Investment Trust Lands Mortgages on FedEx Warehouses
Canadian investment trust Pure Industrial Real Estate Trust (PIRET) has expanded its industrial portfolio by obtaining financing for eight of 11 properties in a FedEx distribution center.
Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower
1111 Third Avenue, one of Seattle’s tallest skyscrapers, just received a new tenant that will be taking over 16 percent of the space at the building. Community Health Plan of Washington has signed an agreement with the current owners which will see the not-for-profit organization move from its current location late next year.