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
Unfinished Four Points Hotel to be Redesigned as Extended-Stay Hotel
2007 has been a great year for investments. The economy was flourishing and so were those who had a little money to invest (for some, their life savings), business initiative, and the willingness to take measured risks. Nothing seemed to go wrong. Or so they thought.
Airport Makeover May Bring Additional Investment to State
With the promise of a new-and-improved airport coming to Salt Lake City, other major projects seem to be taking flight in the city. After a few weeks ago it was confirmed that the contract for the Salt Lake City International Airport Terminal Redevelopment Program project had been awarded to the partnership between Big-D Construction and Holder Construction Co., reports regarding a Boeing facility that would house the production of the 777X airplane have surfaced recently.
Hunter’s Ridge Becomes Elm Creek Apartments After Presidium Group Acquisition
Formerly known as Hunter’s Ridge, the apartment complex at 2358 NW Military Highway, near Hardberger Park, has a new owner and a new name. Presidium Group, a Dallas-based real estate investment and management firm, added the community to its portfolio. After a re-branding process they named it Elm Creek Apartments.
Joint-Venture Acquires Hampton Inn Austin Airport
A newly created joint venture between Hostmark Hospitality Group and Pendo Investments announced the acquisition of Hampton Inn Austin Airport.
Dreamcatcher Opens 79-Room Hamptons Hotel in the Entertainment District
Albuquerque’s hospitality scene has made room for the fourth Hampton property in the metro area and the 19th in the state. Conveniently located in the heart of the business, dining, and entertainment district, at 4412 The 25 Way, guests can easily get to I-25, to local restaurants and many of the area’s attractions such as Cliffs Amusement Park, the New Mexico Rail Runner Train System, to several casinos and award winning golf courses.
Hines Buys 953 KSF Logistics Facility in Growing German Market
International real estate company Hines has completed one of the largest logistics transactions to take place in central Europe by acquiring the Fiege Mega Centre is a single-tenant e-commerce logistics property located in Erfurt, Germany.
Twitter Driving Housing Growth in Mid-Market; Shorenstein Signs Fitness Facility at Twitter’s HQ
The influence of major tech companies on the San Francisco Bay Area has propelled the Peninsula, San Francisco and Silicon Valley to the top of the table in terms of the best markets in the nation. While most people discuss Google, Apple and Facebook as major influences, it was Twitter that made the headlines this week, with the success of its recent IPO and the developments at the office building that serves as its current HQ.
Sevona Westover Hills Community Acquired by Steel Castle Property Partners
Renowned real estate investment vehicle, Steel Castle Property Partners, announced the acquisition of a Class A multifamily property in San Antonio’s distinguished Westover Hills community. The transaction was performed through Steel Castle Capital LLC, a boutique real estate investment management firm with offices on both coasts.
Hudson Pacific’s Element LA Development Signs Riot Games as Single Tenant in Blockbuster Deal
As the Californian office market heats up due to increased activity in the San Francisco Bay Area, but recently it was Southern Cali’s turn to grab the attention of the real estate industry. Hudson Pacific Properties announced this week that it had perfected a leasing agreement for the entire space at its in-development Element LA office campus. The company that has signed on as the single tenant for the creative office project is Riot Games INC., the developer and publisher of hit online game League of Legends. The agreement is the largest of its kind to be signed in Southern California in five years.
Oracle Adds Third Office in Austin
The property at 7700 W Parmer Lane in Williamson County will accommodate Oracle’s new office. The building is currently occupied by Freescale Semiconductor Inc., who announced it would relocate its operations to South Austin by the end of 2013.