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
Coventry Homes Relaunches Luxury Line in San Antonio
San Antonio’s strengthening housing market calls back developers. Coventry Homes announced its come back in the region with their line of luxury production homes in six new communities encompassing approximately 400 home sites that will be made available by the end of the year.
Austin’s Estates at Bee Cave Luxury Condominium Starts Leasing
The Estates at Bee Cave, a luxury condominium community has recently started the leasing process. San Antonio-based Embrey Partners and equity partner Nationwide Insurance developed the project on a 24-acre lot located northwest of Austin, at 3544 South Ranch Road 620.
Heritage Hotels Announces Plans for 2.6-Acre Boutique Hotel in Old Town Albuquerque
The heart of Old Town Albuquerque will accommodate a new boutique hotel scheduled to open in early 2016. It is the member of the largest independent hotel chain in New Mexico, Heritage Hotels and Resorts, who recently purchased the renowned Eldorado Hotel & Spa. The plans for the multimillion project have been finalized and the development will break ground by late fall.
Lincoln Buys Carlsbad Corporate HQ; El Cajon Industrial Asset Trades for $5.7M
A Carlsbad HQ property and an El Cajon industrial business park have traded hands this past week as San Diego’s commercial real estate market continues its high sales volume.
Luxury Apartment Community Aura at the Rim Breaks Ground in San Antonio
Northwest of San Antonio, a new luxury apartment community has broken ground. Aura at the Rim is being built by Dallas-based developer Trinsic Residential Group, LLC.
German Investor Acquires The Station at Othello Park for $75M; Portland-Area Apartment Complex Trades Hands in HFF-Arranged Deal
The Pacific Northwest’s residential market continues to see a large amount of interest from inverstors in its multifamily market, as the overall real estate market continues its progression. This week, a transit-oriented community in South Seattle and a garden-style apartment complex in Clackamas near Portland traded hands in deals worth a combined $90 million.
Taylor Morrison Announces New Phase for The Fairways at Crystal Falls Northwest of Austin
Arizona-based builder and developer Taylor Morrison announced the start of a new phase of home sites available at Leander’s Fairways at Crystal Falls. The new phase starts on July 26, offering 20 lots in an impasse area overlooking open space.
KB Homes Returns to Playa Vista with New Skylar and Asher Neighborhoods
KB Homes has unveiled two new communities in the Playa Vista submarket. The company, one of the largest home builders in the United States, recently presented its plans for Skylar and Asher, two communities totaling 129 new residential units that will be added to the area’s housing stock upon completion.
Levi’s Stadium Announces Completion of NRG Solar Terrace as Facility Awaits LEED Gold Certification
The San Francisco 49ers are moving to Santa Clara, as the newly-completed Levi’s Stadium will be the home of the NFL franchise starting with the upcoming season.
Developers Break Ground on $120M Border Project Linking San Diego and Tijuana
After nearly six years of planning a unique project recently broke ground in the San Diego area. Developers have officially started work on the Cross Border Xpress, a $120 million private venture that will build a new elevated, pedestrian bridge for Tijuana International Airport. The project is the first facility in the U.S. that connects directly into a foreign airport terminal. The development company is Otay Tijuana Ventures LLC, an entity supported by shareholders from both America and Mexico.