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
Taylor Morrison Makes Metro Austin Debut
Homebuilder and developer Taylor Morrison continues to expand its portfolio of 55+ communities and recently debuted its first one in Austin, in the fast-growing city of Round Rock. Six new model homes can be toured in Heritage at Vizcaya.
Market Snapshot: Austin Leads the Lists
At least three fundamental drivers make Austin an appealing target for businesses looking to expand or relocate.
New Solar Power Generation Station Dedicated in Northern New Mexico
Can New Mexico get even more solar plants than it already has?
Council Eyes Funding for Garage on Proposed Stadium Site
As the proposed soccer stadium project went up in smoke along with the city’s bid for a Major League Soccer expansion team, local authorities are looking to channel their resources in a different direction. It was recently announced that the Las Vegas City Council has greenlit the development of a parking garage in the area where the proposed stadium would have taken shape.
Lennar Takes Site in Little Italy for High-Rise
A vacant site that is scheduled to become a new residential high-rise was recently the object of a deal in Little Italy. The buyer was Lennar Multifamily Communities , LLC who paid seller Chhatrala 520 Ash St LLC a total of $12.8 million for the development site. According to the San Diego office of Colliers International, the off-market transaction was handled by Senior Vice President Victor Krebs on behalf of the buyer. The selling entity was not represented by a brokerage.
Moratorium Plan Galvanizes Debate Over Affordable Housing
The Mission is facing a very testing moment as the San Francisco Board of Supervisors is set to discuss the recently proposed Mission District Housing Moratorium during the upcoming month. Although analysts are predicting that the measure will not pass, the proposition will most likely return as a November ballot initiative. One of the moratorium’s most staunch supporters is Supervisor David Campos, who is of the opinion that a temporary market-rate housing stop is absolutely necessary, but the proposal is rapidly gathering opposition.
Nova Corp. to Open State’s Newest Data Center in Albuquerque
After more than six years of planning and development, NOVA Corp. is ready to open the first phase of its Innava Data Center, the state’s newest and largest data center. The official opening date is scheduled for June 3.
Garden-Style Multifamily Property Near Portland Acquired for $49.5M
A residential community in the proximity of Portland recently traded hands in a deal worth $49.5 million. Aukum Management LLC acquired the multifamily asset from a private investor, free and clear of existing debt. The transaction was arranged by a Holiday Fenoglio Fowler led by managing director Ira Virden and Associate Director Kerry Hughes. HFF carried out the marketing of the Canyon Creek property.
PNM Celebrates Opening Its First Solar Energy Center in Sandoval
West of Rio Rancho and north of Northern Boulevard on Encino Road, PNM’s Sandoval County Solar Energy Center was recently celebrated. At the event were present members of the county, the Rio Rancho Regional Chamber of Commerce, and the Sandoval Economic Alliance.
IHG to Open Indigo Hotel in Greenland’s DTLA Metropolis Development
Greenland USA is adding a new hotel to its offering at the Metropolis mixed-use development in downtown Los Angeles. The company, a subsidiary of Greenland Group in Shanghai, has announced that it has inked an agreement with InterContinental Hotels Group for the opening of the city’s first Indigo-branded hotel. The hotel will be integrated into the $1 billion development project that Greenland is currently building in the proximity of the city’s Financial District and L.A. Live. IHG and Greenland are frequent partners, the latter operating seven facilities bearing IHG brands.