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
Rita’s Italian Ice Restaurant Announces Launch into New Mexico
Rita’s Italian Ice, the popular Italian Ice concept with over 600 stores announced its entrance on the New Mexico market. The starting city will be Albuquerque, with the first location scheduled to open in March 2015.
Berkadia Commercial Mortgage Arranges $13.2M for Acquisition of Two San Antonio Properties
Two properties located in and near San Antonio have been acquired through financing from Berkadia Commercial Mortgage LLC. The loans, totaling $13.2 million, have been arranged by the company’s Senior Vice President Andy Hill.
Old Pasadena Collection Snapped Up by Private Investor in $42 Million Transaction
Four buildings in downtown Pasadena were recently part of a $42.6 million mixed-use deal as Old Pasadena Collection traded hands between two private investors. A team of representatives from real estate company Institutional Property Advisors arranged the sale on behalf of both parties.
HID Global Receives LEED Platinum Certification for Its New World Headquarters and North American Operation Center in Austin
The first and only industrial manufacturing facility in the state of Texas to achieve LEED® Platinum certification is located in Austin. The distinction has been awarded to HID Global, a worldwide leader in secure identity solutions.
IKEA Eyes Spring Valley for First Las Vegas-Area Store
IKEA has announced that it is developing a brand new Las Vegas-area store, part of its current initiative to significantly expand its operations in the western United States. The Swedish retailer has reportedly filed paperwork with Clark County, Nevada for the construction of a new facility that would be completed by 2016, just 13 miles away from downtown Las Vegas.
New Mexico’s Burrell Family Funds $85M Private Medical School
February 2015 will be the start month for the construction of an $85 million private medical school, backed by Santa Fe real estate and mining mogul Dan Burrell and his family. Over the course of 60 years the Burrells will make a $30 million donation to the New Mexico State University Foundation.
HFF Arranges Acquisition of 1400 16th Street by ASB Real Estate Investments
As the city’s office market continues to be white-hot, San Francisco’s assets are increasingly in demand. The latest asset to trade hands is the building located at 1400 16th Street—a historic property sold by Jessica McClintock Inc. to a venture consisting of ASB Real Estate Investments, SKS Partners and ProspectHill Group. An HFF team led by managing director Steven Golubchik, director John Simerlein and senior real estate analyst Josh DiSalle represented the seller in the deal.
La Cantera Hill Country Resort Announces Multimillion-Dollar Makeover
San Antonio, with its stable and diverse economy, driven by fast growing manufacturing and strong military investment, medical providers and energy industries and a flourishing tourism industry with over 26 million visitors annually, demonstrated how it is possible to dodge recession. To keep up with the growing demand, the hospitality sector is highly attentive with the client satisfaction, thus improvement works are part of the blooming industry.
Portland’s Block 300 Receives LEED Gold Certification as Leasing Continues at Newly Renovated Asset
Block 300 in Portland, one of the most high-profile office properties in the Pacific Northwest city has recently completed a major milestone. The property was awarded with LEED Gold certification for Existing Buildings: Operations & Maintenance by the United States Green Building Council. The certification is a result of the recent modifications brought to the asset, a recent renovation process having been carried out at the facility by the owning joint venture between JPMorgan, Starwood Capital Group, and Kaufman Jacobs.
Virgin Galactic Chooses New Mexico Hotel to House its Future Space Travelers
According to a Marcus and Millichap report, the hotel sector in the Southwest region posted, at the beginning of 2014, its best showing in several years.