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
Capital Studios, the First Affordable-Housing Community in Downtown Austin, Set to Open in October
The Downtown Austin Plan is moving forward. The city’s blueprint that shows the need for more affordable housing and permanent supportive housing is meeting its materialization. The first affordable-housing project in 45 years is currently in the works.
CBRE Announces Sale of Villa Rosa Medical Plaza in San Antonio
By Anca Gagiuc, Associate Editor Villa Rosa Medical Plaza in San Antonio has changed owners. The seller, L&B Realty Advisors LLP, was represented in the transaction by Chris Bodnar and Lee Asher, from CBRE Group Inc.’s U.S. Healthcare Capital Markets Group, and Scott Herbold and Todd Mills from its San Antonio office. The buyer is American Healthcare Investors, but the amount […]
1155 Market Street Sold by Laurus Corporation for $72 Million
The Laurus Corporation has recently offloaded one of its most high-profile properties for a fee of $72.6 million. The private real estate investment and development firm has sold its 1155 Market Street in San Francisco, resulting in 56 percent Internal Rate of Return for investors.
North Las Vegas Approves SunCal’s Master Plan for Park Highlands West
SunCal is adding to the master planned community wave that has hit the Las Vegas area in recent months as a number of projects were revived by developers. The North Las Vegas City Council recently gave its approval to master developer SunCal’s proposed Park Highlands West community project. The development is just a part of the overall Park Highlands development initiative, and the recent approval essentially means that that large plot of land is being divided into East and West master-plans.
HB Construction Builds $10M Boys & Girls Club With Funding From J.F Maddox Foundation
J.F Maddox Foundation, the philanthropic foundation which invests in education, community development, and social programs, has offered funding for a new $10 million Boys & Girls Club facility at 301 E. Broadway St. in Hobbs. The general contractor on the project is Albuquerque-based HB Construction.
Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood
One of the most active commercial real estate companies in the Los Angeles market has unveiled plans for a large creative media mixed-use office campus at the recent Hollywood Economic Development Summit. Kilroy Realty Corporation will be developing its proposed project known as The Academy on a site acquired in Q4 of 2013 from The Academy of Motion Pictures Arts and Sciences. The site is an entire Los Angeles city block located between Vine Street, DeLongpre Avenue, Ivar Avenue and Homewood Avenue.
WestRidge One Office Development Announces First Tenants
One of San Antonio’s oldest companies, Harland Clarke Holdings Corp. and its wholly owned subsidiary Harland Clarke, has chosen a new global headquarters. The selected property is part of the master office park located at 15955 La Cantera Parkway, owned by USAA Real Estate Company (“RealCo”) and developed in partnership with Patrinely Group.
Dallas Developer Makes First Foray into Pacific Northwest with West Seattle M-F Project
Dallas-based real estate firm Trinsic Residential Group has broken ground on its first residential project in the Pacific Northwest. The company is working on a development located in West Seattle, thus making its debut in the market. With Seattle’s apartment market going well and a large number of units currently in the works to fulfill growing demand, new investors have set their sights on the city in order to cash in on the trend.
RLJ Lodging Trust Sells Holiday Inn Austin NW Arboretum Area for $13.5 Million
One of the hotels nestled in the hills of northwest Austin has left RLJ Lodging Trust’s portfolio. Details about the transaction have not been disclosed.
Sundt to Manage Construction of Science Building at SCCD’s National City Campus
The latest building of the Southwestern Community College District is finally underway as the school has announced its developer choice for a new science building. SCCD has selected Sundt Construction to carry out the construction process at the college’s Higher Education Center located in San Diego’s National City. Sundt was named Construction Manager at Risk for the new science building project in which the school will be investing around $15.3 million.