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
BlackBerry to Sell 19-Building CRE Portfolio in Search of Funds
BlackBerry is set to sell a large chunk of its real estate assets in 2014, as the company has sought the guidance of real estate brokerage CBRE in the hopes of moving out its office space.
Walmart Develops Two Neighborhood Markets in the Albuquerque Area
With about 300 Walmart markets throughout the country, the retail giant is in the process of adding two more in New Mexico: one in Albuquerque and the other in Rio Rancho, reports the Albuquerque Journal. New Mexico has four Neighborhood Markets, three in Albuquerque and one in Rio Rancho, and thirteen Supercenter Stores.
Company Giants Bid for Central Park M-U Project in Dublin Worth $420M
A massive mixed-use project, Central Park, is set for expansion as a major real estate deal nears completion in Ireland’s capital.
Austin Hampton Inn Hotel Sale Arranged by Marcus & Millichap
The Hampton Inn hotel located at 4141 Governors Row in Austin has changed owners. Marcus & Millichap Real Estate Investment Services arranged the sale of the six-story 123-room hotel, without disclosing the terms of the sale.
Dropbox Inks Agreement for the Entire Space at Under-Construction Kilroy Facility in SOMA
As San Francisco’s office market is continuing to escalate, and the city’s image is booming, being recently named as the most dynamic city in the world, further proof of the area’s tech appeal was recently revealed. The office facility that Kilroy Realty Corporation has been developing in the SOMA district for the past few months is already fully leased as the company has announced the completion of a complete leasing agreement with growing tech company Dropbox.
Titan Development Expands Industrial Park with 184 Acres
The Titan Industrial Park, located in Schertz and Selma, 20 miles northeast of San Antonio and 60 miles south of Austin almost doubled in size. Titan Development acquired earlier this month 184 acres for development after last August the firm had purchased 124 acres at Enterprise Ave. and Lookout Road.
Inland Empire Power Center Trades Hand in $49 Million Deal Arranged by HFF
An Inland Empire retail property traded hands recently, with Holiday Fenoglio Fowler announcing that it had closed a deal for an asset located in Jurupa Valley. The leading provider of commercial real estate and capital markets services completed the acquisition of the Vernola Marketplace by a joint venture consisting of Rockwood Capital, Equity One, Inc. and Vestar, three high-profile real estate companies in the U.S. The JV paid a fee of $49 million for the shopping venue.
Former Nob Hill Parole Building for Sale or Lease through Allen Simon RE Group
The Nob Hill area is one of the state’s best preserved areas, overlapping with the renowned Route 66; the famous road goes through the epicenter of Albuquerque, flaunting many neon signs and deco-inspired towers. Nob Hill is the connection point between the commercial and residential areas of the city and now offers for sale or lease the building at 3010 Monte Vista Blvd. NE.
Starwood Hotels Plans 140-Key Aloft for Rancho Bernardo
The growing tech submarket of Rancho Bernardo, an area of San Diego that has seen its profile raised over recent years is set to welcome one of the most exciting hospitality brands out there. Starwood Hotels & Resorts Worldwide recently announced the development of a new Aloft-branded hotel, set to open in 2016.
Cantex Development Partners, Southwest Engineers to Develop Las Colinas Subdivision
The full-service civil and environmental engineering consulting firm Southwest Engineers Inc. announced its partnership with real estate development firm Cantex Development LLC to contribute in the development and civil engineering services for the new Las Colinas Subdivision in Karnes County, near San Antonio.