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
Xinyuan to Develop Fifth Project in China in 5 Months
Xinyuan Real Estate Co. recently announced plans to develop a residential project with an area of 1.5 million square feet, Kunshan, Jiangsu Province in China.
Dreamstyle Remodeling Breaks Ground on $4.5M Albuquerque Showroom
A new showroom/office building broke ground in the dynamic Renaissance corridor. Dreamstyle Remodeling, the new umbrella name for Four Seasons Sunrooms, Renewal by Andersen and Cal Spas, will be joining Sam’s Club and Costco in a $4.5 million development.
Forestar’s Eleven Welcomes Its First Tenants
The southeast corner of East 11th Street and Interstate 35, regarded as a gateway into East Austin, has been changed by the podium-style community developed by Forestar Group Inc. in partnership with Canyon-Johnson Urban Funds. The grand opening ceremony took place a few days ago and the first residents have already moved in.
Garrison General Contractors Announces Renovation of La Quinta Inn San Antonio
The La Quinta Inn & Suites – San Antonio North Stone Oak is about to receive a makeover. The hotel is part of one of the country’s largest hotel chains. The assigned construction firm is San Antonio-based Garrison General Contractors.
Improving Retail Market Scores Hanley Investment Numerous Deals Totaling $87 Million
The pace of investment for the Los Angeles retail market is steadily improving, and brokerage companies are loving every second of it. A recent press release from Hanley Investment Urban Retail Advisors indicates the uptick in deals completed by company representatives in the Los Angeles market. Carlos J. Lopez, President of the company, has recently closed $87 million worth of transactions in the recent timeframe. Hanley Investment Urban Retail Advisors is a division of Hanley Investment Group Real Estate Advisors whose main activity involves the sale and advisory of high profile mixed-use and urban retail properties in dynamic districts.
Developer Obtains Approval for 80,000 SF Mixed-use Development
The intersection of Central and Laguna SW will turn into a construction site early next year. Jay Rembe, the developer responsible for the Aveda Institute and Vinaigrette project, isn’t ready to leave the Central Avenue corridor between Downtown and Old Town.
$9.5M Purchase of Industrial Facility by Gramercy Property Trust
By Anca Gagiuc, Associate Editor
The real estate investment trust Gramercy Property Trust announced the acquisition of an industrial facility in Austin. The transaction went through after the company executed definitive agreements for a private placement of 11,545,200 shares of common equity at $4.11 per share. The Private Placement raised gross proceeds of $47.4 million.
Related California Proposes Massive Project as New Core for Santa Clara
Santa Clara is set to have a brand new focal point after Related California recently announced its plan to develop a large city-center-style project. The plan is currently under review by the Santa Clara City Council’s Sports and Open Space Authority, to determine whether the massive initiative will be given the green light. Should Related go ahead with the mixed-use development, the area will add a large number of residential units, office space, retail spots, dining options and jobs, all contributing to the growth of Santa Clara.
Roland Garros Expansion Plans Get Green Light
One of the most important sports venues in the world, Roland Garros, is set for a massive expansion and renovation process. Parisian authorities lifted a suspension on the plan that was stalled in March for fear of harming the environment.
H-E-B Proposes $100M Master Plan for City
By Anca Gagiuc, Associate Editor
H-E-B has revealed its plans for a $100 million master plan that would transform the area north of the historic King William neighborhood. The project is designed to be developed in two phases and would encompass almost 27 acres.