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
Yesler Terrace Redevelopment Finally Launches with Green Light for First Private Project
One of the most ambitious neighborhood revitalization projects in the entire city of Seattle is finally seeing plans come through as the first private residential project in the community is set to break ground. Spectrum Development Solutions, one of the companies tasked with the repositioning of Seattle’s Yesler Terrace, has been given the green light for its Anthem multifamily project. Still dominated by its history as one of the public housing districts built during World War II, Yesler Terrace is set to become a greatly updated and augmented living community.
Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap
A new apartment complex has been put for sale on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Fergusson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.
Live/Work Community in Studio City Secures Recapitalization Deal Worth $37 Million
One of the city’s strong points will always be linked to the film industry and that appeal is precisely what prompted Cahuenga Pass Development’s Universal Lofts project. The company recently completed a recapitalization on the project, secured by locally-based real estate investment banking firm, Dekel Capital. The company arranged for a total of $37.5 million in bridge and mezzanine debt for Cahuenga.
Twilight Homes to Sell Houses Starting at $140,000 at Master Development
By Anca Gagiuc, Associate Editor The mixed-use Mesa del Sol has been under development since May 2001 when the State Land Office named Forest City master developer. The walkable development site is 10 minutes from Albuquerque International Sunport and 20 minutes from downtown. Multiple homebuilders have enrolled in the project, including Rachel Matthew Homes, Pulte Homes […]
MIG Buys $13 Million Asset as Office Investment Shows a Pulse
With the housing sector and the dealings of the Downtown Project at the forefront of the city’s real estate market during recent months, reporting on an office deal might come as a surprise.
TUI in Next Phase to Build Resort in Tuscan Village
TUI is moving ahead in its plans to revitalize Castelfafli, a sizable 800-year-old village in the heart of Tuscany, lying between Florence, Pisa and Siena, and the largest project of its kind currently being built in Europe.
Koontz McCombs Announces Grand Opening of Sendero Ranch in San Antonio
The second phase of Sendero Ranch, Dilley, is completed and the community will open its gates on July 25th, announced developer Koontz McCombs. The residential development is located in the fast-growing area of Eagle Ford Shale oil and gas formation.
Bellevue’s Spring District Kickstarts Development with Two Office Buildings
The development process for the Spring District project in Bellevue is now underway after the city’s official records point out permitting approved for two new office structures in the mixed-use neighborhood. Developed by Wright-Runstad, the Spring District will constitute a 36-acre, environmentally sustainable urban area that will replace the old Safeway Distribution Center in the Bel-Red Corridor. The development comes as a consequence of the area’s rising tech market and the growing interest in the Puget Sound area overall. An appeal limit was set for July 25th.
Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC
The less common marketing proposal placed by Brandywine Realty Trust a few months back has found its answer. The offer consisted of the intention to share ownership of the 1.4 million-square-foot office portfolio in Austin.
Double Recognition for Albuquerque’s Architecture Firm Dekker/Perich/Sabatini
Architectural Record is a magazine that focuses on design inspiration and skill development, on practice management and business improvement. Recently they’ve announced their list of top 300 US architecture firms, based on revenue.