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
Century Communities Announces the Purchase of an Additional 527 Home Sites in Austin
Colorado-based Century Communities announced that its subsidiary Jimmy Jacob Homes acquired 527 premier home sites in two of Austin’s leading communities. A top 50 homebuilder in the United States and one of the top five fastest growing homebuilders by total revenue, Century Communities has insured a place among the top builders of Austin.
Partners Capital Acquires Sunset Shopping Center in Henderson
The city’s retail market is currently seeing some relief, with a rebound well underway in terms of development and acquisitions. With rents finally headed towards a positive year-on-year change, investors are once again looking toward the Las Vegas market for opportunities. A joint venture created by Partners Capital and its affiliates has now moved to acquire the Sunset Shopping Center in the Las Vegas submarket of Henderson for an undisclosed amount.
Potential Alameda Point Developers Line Up for Development Opportunities as Initiative Gains Momentum
Local authorities have long tried to get a major development project going at former Navy base, Alameda Point. Currently, nine different development teams have submitted their applications in response to a request for qualifications, in order to have a shot at working on the 82-acre parcel located on San Francisco Bay. The list of applicants is currently under review by local authorities. The city previously issued a request for quotation (RFQ) for a 68-acre residential and commercial mixed-use project along the main entrance to Alameda Point.
CBRE: London is World’s Highest Priced Office Market
The title of world’s highest priced office market is staying in the capital of the United Kingdom, while three of the top five markets in terms of office space are located on the Asian continent, according to the latest CBRE Global Research and Consulting survey.
CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin
One of Austin’s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed.
Presidium Group Acquires Sentinel Pointe in San Antonio, Quarters in Dallas
Presidium Group, LLC continues its series of investments in the state of Texas. Recently the company announced the acquisition of two additional residential communities in the state of Texas – Sentinel Pointe, a 91-unit apartment complex located in midtown San Antonio, and Quarters, a 208-unit property in Dallas.
Scripps Memorial Hospital Encinitas Unveils $94M Expansion
The Scripps Memorial Hospital Encinitas in North County recently completed its high-profile expansion as an investment of approximately $94 million was finalized. The grand opening of the Leichtag Foundation Critical Care Pavilion was held on July 1st, marking the addition of the new emergency department and inpatient rooms to the existing facilities, as well as a number of other improvements. The name of the new facility was also announced during the opening ceremony, Leichtag Foundation being a local philanthropic organization that has contributed with a total in $10 million back in 2009.
Dornin Buys Seven Hills MOBs in Henderson
The Seven Hills Medical Center in Henderson was recently purchased by Dornin Investment Group in an all-cash deal. The buyer acquired the medical office buildings located in the planned Seven Hills community as part of a 1031 exchange arranged on behalf of both the buyer and seller by Jason Lesley of Colliers International.
Zendesk HQ Acquired by ASB Real Estate Investments in $60 Million Deal
989 Market Street, the San Francisco home of cloud-based help desk provider Zendesk, just traded hands in a deal worth approximately $61.3 million. The office asset was acquired by ASB Real Estate Investments from seller Harbert Management Corporation, a deal in which the seller received more than double what it had paid for the property back in 2011. This recent purchase was made on behalf of ASB’s Allegiance Real Estate Fund, a $3.5 billion vehicle.
Moderate-Income Apartments in Downtown Albuquerque Nears Completion
The mixed-use project located at the periphery of Albuquerque’s Central Business District along historic Route 66 at 901 Park Avenue SW is nearing completion. The opening date is set for August 8, reports Albuquerque Business First.