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
Hamm’s Building in The Mission District Sold by TMG Partners and Alcion Ventures
As the Bay Area’s office market continues to ignite the interest of investors, yet another signature building in the city recently traded hands in an important deal. TMG Partners announced this week that it had sold The Hamm’s Building along with Alcion Ventures.
Affordable Solar Announces Projects for Three Businesses in Albuquerque
Albuquerque-based Affordable Solar provides solar project design, project development, construction, distribution, and solar integrator support since 1998. Ever since, the company has supplied over 15,000 PV systems to various properties in 96 countries.
KB Home Announces New Community of Built-to-Order Homes in New Braunfels
This summer, New Braunfels will make room for a new construction site that will offer to homebuyers 469 Built to Order homes in a new community called West Village at Creekside. The grand opening is scheduled for January 2015.
Master-Planned Residential Community Unveiled by Developer UCP South of Puget Sound
A huge master-planned community was recently unveiled at the southern end of the Puget Sound. San Jose-based UCP Inc., a company dealing with homebuilding and land development announced its The Preserve at Turnwater Place in Turnwater, Washington. This will be the developer’s first selling community in the state’s real estate market.
Hyatt Hotels Opens Second Property in Puerto Rico
Hyatt Hotels Corp. held an official ribbon-cutting event for its new Hyatt Place Manati, the second property operated by the company in the municipality of Bayamon.
HFF Secures $23.5 Million Financing Package for 2 National City M-F Properties
Holiday Fenoglio Fowler recently announced that it had secured financing for two San Diego-area multifamily complexes owned by PCD Capital Group and Birge & Held Asset Management. The provider of commercial real estate and capital markets services worked with Opus Bank on behalf of the borrower, and completed two financing deals worth a total of $23.5 million. The HFF team in charge of securing the loans was headed by Zach Koucos, a director with the company.
CBRE Team Arranges Sale of Large Inland Empire Retail Center for $42 Million
The Inland Empire recently saw a large retail transaction completed when a Moreno Valley Property was acquired for a fee of approximately $42 million. TownGate Center was sold on behalf of the owning entity, a partnership between Walton Street and Fritz Duda Company, by a team headed by CBRE Senior Vice President Philip D. Voorhees. The SVP worked along with the National Retail Investment Group – West consisting of Megan Read, Jimmy Slusher, John Read and Brad Rable to represent the seller, as well as buyer Brixton Capital, a San Diego-based company in the all-cash deal.
Del Webb Announces Its First Community in Albuquerque
Three years ago Del Webb was opening Alegria, its first active adult community in Bernalillo, adding it to its portfolio of over 50 communities spread across 20 states throughout the Southwest, coastal regions and Midwest. Now they’re planning their first community in the heart of Albuquerque.
New Development Breaks Ground in Historic Leon Springs
Three firms have joined forces to keep a promise to “do something special” between Leon Creek and historic Leon Springs, fronting Interstate Highway 10. San Antonio-based Embrey Partners, New York City-based Case Pomeroy Properties, and San Antonio-based Leon Creek, Ltd. have broken ground on a 15-acre, 320-unit, multi-family community as part of a larger, mixed-use development.
Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett
A real estate investment management services company recently ramped up its activity in the Pacific Northwest with a multifamily acquisition, following a number of deals in the area’s commercial sector. Lowe Enterprises Investors recently announced its acquisition of a residential complex in the city of Everett, WA on behalf of an investment client. The property in question is the Covington Farms community located 25 miles away from Seattle. ARA Northwest representative Gail Neuburg handled the transaction on behalf of the seller.