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
Notable Hollywood Tower Sold by Joint Venture in $16.4 M Deal
The Cahuenga Media Tower, one of the most representative properties in the Hollywood submarket of Los Angeles, recently traded hands. An undisclosed buyer paid $16.4 million to a joint venture consisting of GPI Companies and KBS Strategic Opportunity REIT. The deal was brokered by CBRE representatives Kevin Shannon, Scott Schumacher, Michael Longo and Ken White, who worked on behalf of the seller.
Regency at Lookout Canyon Sold Through ARA Newmark
Regency at Lookout Canyon, a Class A apartment complex located in north central San Antonio, has changed ownership. At the time of the sale, 95 percent occupancy was reported. The price was not disclosed.
Lakeway Resort Wraps 18-Month Makeover
The AAA Four Diamond Lakeway Resort and Spa has reached the end of a complex renovation that took over 18 months to complete. Behind the nearly $7 million expansive makeover is the Dow Hotel Company.
Historic Lodge at Cloudcroft Acquired by Texas Hotel Owners
The 115 year old historic Lodge at Cloudcroft resort has been under the ownership of the privately held corporation Great Inns of the Rockies since 1986.
The Legacy at Santa Fe Senior Living Facility to be Developed by PinPoint Commercial
A new senior living community will be developed by PinPoint Commercial, LP in the Aldea master planned community. The Legacy at Santa Fe will be located at the intersection of Avenida Aldea and Camino Botanica.
Caruso Affiliated Files for Entitlements for Brand New Luxury Residential Community
Caruso Affiliated recently announced that it has filed all paperwork necessary for a new L.A. development project. The company is planning to build a new multifamily asset in the immediate vicinity of one of its most successful projects in the Los Angeles area. The developer is confident that it will be able to apply its vision of opening the new residential community by late 2017.
St. Croix Capital Readies Kickoff of $90M Mixed-Use Project
St. Croix Capital Corp. announced the start of construction of a mixed-use development on a 60-acre site located in Southeast Austin, two miles west of the Austin Bergstrom International Airport. The project, dubbed Airport Gateway, will roll out in phases, containing hotel, industrial, and retail space.
Master Plan for University Mixed-Use Development Approved
Innovate ABQ project is getting closer to the Start line after the University of New Mexico regents unanimously approved the master plan for the seven acre site at Central Ave. and Broadway Blvd. Downtown.
Resource Real Estate Buys M-F Asset in Austin
Austin’s Woodmoor Apartments residential community has changed ownership. The new owner, Resource Real Estate Opportunity REIT, Inc., has completed the acquisition with sponsorship from Resource Real Estate, Inc. Details about the transactions were not disclosed.
Veer Towers Hits $100M Milestone
Veer Towers recently hit a major sales milestone as the company currently in charge of selling units at the property announced it has sold condos worth more than $100 million. Pordes Residential Sales and Marketing has now completed deals for 225 residential units in the Veer Towers complex since it took over sales operations, in 2013.