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
Huffines Communities Invests in Waterford at Lake Travis
Lago Vista, located northwest of Austin, offers many picturesque panoramic views of Lake Travis and the surrounding natural environment to its inhabitants and Huffines Communities knows it. For a second time, the Dallas-based real estate company stopped in the area to make investments; the first investment was the Waterford Marina, located on Lake Travis’ north shore at Mile Maker 21, an area popular for having the deepest water in the lake.
Big Red Dog Announces New Apartment Community in San Antonio
Besides the Abandoned Peanut Factory project, Big Red Dog announced the construction of their newest community in the city of San Antonio. The engineering firm is specialized in civil engineering, permitting, and land-use consulting for real estate and natural resource development has been expanding recently not only in the downtown area, but also in the suburbs. They will provide engineering and entitlements services for the Medical Center apartment project.
First Baptist Church in Albuquerque Listed at $7.5M
At the corner of Broadway Boulevard NE and Central Avenue is resting vacant the First Baptist Church. The property has sat so for several years, with transients every now and then, and now is back on the market listed by Keith Meyer and Jim Wible with NAI Maestas & Ward.
PREI Pays Reported $57M for Mission Valley Office Building
The San Diego office market recorded an important transaction on its road to recovery as the Rio San Diego Plaza recently traded hands. The office asset was acquired by Prudential Real Estate Investors from AEW Capital Management, who sold the property on behalf of one of its institutional clients. The property had been acquired by AEW Capital Management back in 2006 from 8954 Rio San Diego LP. The deal was handled by real estate company Jones Lang LaSalle. The JLL team in charge of the deal was made up of Managing Directors Lynn LaChapelle and Bob Prendergast.
Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening
As new areas of the city’s real estate market such as residential and office show signs of improvement, it helps to know that Las Vegas still packs a punch when it comes to retailers. Seattle-based clothing retailer Nordstrom has recently announced that it is expanding its operations with a new Nordstrom Rack store that will be placed in The Shops at Summerlin, one of the largest retail projects in the entire country. Nordstrom Rack offers shoppers items from the retailer’s Nordstrom stores as well as Nordstrom.com, from the retailer’s top brands at discounted prices.
GDS to Develop ‘Barely Visible’ Skyscraper in South Korea
GDS Architects got approved to build a skyscraper in Seoul, South Korea, that has been dubbed the Infinity Tower. Its design is said to create an optical illusion that makes the structure barely visible from certain angles.
Traders Village San Antonio Announces Major Expansion
Two years after the grand opening of Traders Village San Antonio, the management announced a substantial expansion that is scheduled to be completed by spring 2014. Current vendors interested in pre-leasing can apply starting with October 1st and new vendors can do so starting October 8th.
Luxury Whitley Apartments for Sale with CBRE
The Class A residential high-rise located in the heart of the Austin central business district, Whitley, is now listed for sale under the representation of CBRE Texas Multi-Housing Group. The building is located at 301 Brazos and was completed in 2013.
Candelaria Business Center For Sale at $2.9M
A new investment opportunity is available in Albuquerque’s NE Heights market. Candelaria Business Center has been listed for sale under the representation of Todd Clarke CCIM of NM Apartment Advisors. The mixed-use business park includes office, retail and warehouse space with flexible zoning, marketed as a stable investment with steady cash flow. The list price is of $2,995,000, $86.06 per square foot.
New Senior-Living Community to be Developed in San Antonio
The Public Finance Authority has approved a $120 million bond to finance qualified costs associated with the acquisition, construction, installation, and equipping of two new senior living communities, one in Cibolo Canyon in San Antonio and the other in Chattanooga, TN. The owner is Samarian Housing and the developer is WholeLife Companies; the new properties will be built under its WholeLife Traditions concept.