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
West Angeles Community Development Corporation Debuts New Community-Helping Project
A brand new development was recently unveiled in the Crenshaw Corridor, bringing the spotlight on an area of the city that has been in serious need of a makeover. The $8.5 million investment was handled by the West Angeles Community Development Corporation and Union Bank and is located at 3501 Jefferson Boulevard. Continue reading →
8.4K SF Medical Office Center Nears Completion
A new medical complex is nearing completion on an 8,470-square-foot phase one. Mark Edwards, the leasing agent of the project and president of Edwards Commercial Realty, said the end date for it should be the end of June. Phase two consists of a development of about 7,300 square feet.
Turner Construction to Build Airport’s Consolidated Car Facility
By Anca Gagiuc, Associate Editor Eight companies entered the competition to build San Antonio’s first airport CONRAC (consolidated rental car facility). New York-based Turner Construction Co. scored 90.5 points out of 100 for its proposal and was selected the winner by the city council. This facility will bring the International Airport one step closer to […]
Local Hotel Operator Signs Deal to Purchase Hyatt Regency
The 395-room Hyatt hotel building in Downtown Albuquerque is changing ownership. Hotel operator Jim Long and his business partner Chris Smith have signed an agreement to a deal that will close in the next 60 days, reports Albuquerque Business First.
Digital Realty Acquires Six-Building Portfolio for $31.9M
The six-building portfolio of operating data centers and flex office space at the MetCenter Business Park in Austin has changed owners, moving under the Digital Realty Trust Inc. umbrella. The acquisition price was $31.9 million.
Whispering Hills Apartment Complex Attracts Dallas Investor
The San Antonio multifamily market is of growing interest for out-of-town buyers. The region’s bright economic outlook has attracted a growing number of investors in the past 12 months.
Bellevue Collection Set for Massive Expansion as Kemper Looks to Continue 65-Year Legacy
One of the largest development projects in the Seattle metro area was recently announced when local real estate company Kemper Development said that it has plans to expand its Bellevue Collection asset. The existing property is currently one of Bellevue’s focal points, including spots such as the Bellevue Square shopping mall, Bellevue Place with the Hyatt Regency and Lincoln Square, including a cinema, dining spots, and a Westin hotel.
TIAA-CREF Takes 50% Stake in Grand Canal Shoppes; GGP Reaps $410M
Recent deals announced in the Las Vegas retail market indicate the area’s growing potential as an investor’s market, with a partnership between General Growth Properties and TIAA-CREF being revealed as the new ownership structure of the Grand Canal Shoppes, including the Shoppes at Palazzo. General Growth Properties sold 50 percent of its stake to the Teachers Insurance and Annuity Association – College Retirement Equities Fund. The transaction reportedly generated approximately $410 million in net proceeds.
IHG Expands Jeddah Portfolio with City’s First Staybridge Suites
IHG has inked an agreement with Dyafah Al Mutahida that will see a new Staybridge Suites open in the city of Jeddah, Saudi Arabia.
New Office Tower to Break Ground in Downtown Austin
A 29-story office building will break ground on June 4. The project belongs to Cousins Properties Incorporated, a major player on the Austin real estate market for over 20 years that placed important buildings on the Austin skyline: the Palisades West, the Frost Bank Tower, and the latest purchase, the 816 Congress.