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
Arc Capital Partners Acquires The Establishment Apartment Community in Austin
On November 22, 2013, the Los Angeles-based boutique commercial real estate platform Arc Capital Partners, formed by industry veterans Quincy Allen and Neville Rhone, entered into a joint venture with Cardinal Group Investments (CGI) to acquire an apartment community located in the South Congress submarket of Austin.
WTGoodman JV Buys Warehouse Portfolio in Brazil for $1.4B
WTorre SA and the Goodman Group created a joint venture that would focus on the industrial real estate market, buying a massive warehouse portfolio for $1.4 billion.
MVP Wraps $55M Office Acquisition as Market Shows Signs of Reversing Decline
A few weeks ago it was revealed that an office deal is going on where MVP Real Estate Investment Trust Inc kept closing deals for buildings part of a local office park. Now the company has completed yet another deal, this time for the final asset in the campus at 8945 W. Post Road. MVP acquired the property for a fee of $6.1 million, a press statement issued by the company indicates.
Sandia Resort & Casino Announces Contractors for Expansion Project
The Sandia Casino dates back to 2001, the seven-story hotel with the relaxing spa and 18-hole golf course were added in 2005. Located 10 miles north of Albuquerque, the Pueblo of Sandia recently announced the two contractors for the expansion of Sandia Resort & Casino that’s scheduled to begin by next year.
Investcorp Acquires University Village & University Estates in Austin
Investcorp, one of the prominent providers and managers of alternative investment products headquartered in New York, announced the acquisition of several residential properties in separate transactions, in Austin, Chicago and Las Vegas. The amount paid for all transactions was approximately $270 million.
PHH Ventures Partners Lease Aztec Theater, with Plans to Redevelop It
After the successful collaboration at transforming Sam’s Burger Joint into a live music venue, Sam Panchevre and Keith Howerton, partners at PHH Ventures Entertainment LLC, have signed a multi-year lease with Baron Theodore Bracht for the 87-year old historic Aztec Theater. The property, located at 201 E. Commerce Street, will undergo renovations that will transform the theater into a concert venue capable of accommodating mid-sized touring acts.
Cree LED Lighting Chosen for Albuquerque’s Convention Center
The Albuquerque Convention Center is in the middle of a massive makeover with the clear mission of attracting tourist dollars to the area. Phase I of the project, representing the remodel of the East Complex, was finalized during the summer months and a facelift of the West Complex is in the works.
American Housing Ventures Announces Legends at Onion Creek Development
American Housing Ventures is a young company created by Mark Wolf and partner Spencer Rinker who recently secured a 115-acre parcel east of one of Austin’s most popular communities, Onion Creek. Here they’re planning to build Legends at Onion Creek, a section of 287 single-family homes.
SouthStar Announces Three New Neighborhoods in New Braunfels Community
SouthStar, the fully integrated real estate investment, development and management firm with focus on the residential market, following strong sales in the Vintage Oak community, has announced plans for three new neighborhoods in the city of New Braunfels, northeast of San Antonio. This master planned community is on the market since 2006 and only in the past 10 months it announced the sale of more than 100 housing lots.
Planned Legacy Community to Draw on Appeal of Silicon Canal
As the tech cred of Seattle continues to improve, the city is witnessing an escalation in the number of residential projects designed and built in order to accommodate the young professionals that will be populating the new office complexes. To that effect, Legacy Partners Residential has lined up a new multifamily development project for the increasingly tech-driven Stone Way area. The company is set to develop its new community near the Google offices in the area.