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
Median Home Values in San Francisco Hit $1M Mark in April as Single-Family Housing Heats Up
Good news for the area’s housing market as a recent report from the San Francisco Association of REALTORS indicates that prices have escalated and are now reaching new heights. The SFAR has revealed that according to sales data from April, San Francisco’s median home prices have now surpassed the $1 million mark, a staggering increase over 2012, and a return to pre-downturn levels.
The Right Legislative Moves Could Be Nevada’s Saving Grace
By Alex Girda, Associate Editor Recent real estate market reports regarding Nevada’s housing situation indicate that the long-awaited recovery could be postponed as average prices have dipped for the last few months. Residents and developers are waiting for a way out of this situation and a serious initiative is now under discussion. A piece of […]
Peterson Acquires Simms Building for $1.75M and Begins Renovations
Bearing the hallmark of the city’s first modern, International Style skyscraper, the Simms Building was built in 1954 and listed on the National Register of Historic Places in 1998. Over the years, the building with the windowless brick walls on the east and west sides and glass curtain walls on the other two faces, has served Albuquerque’s commercial sector.
USAA Real Estate Partners with Patrinely Group for New Office Development in La Cantera
The commercial market of San Antonio prepares ground for a new office development on La Cantera Parkway. USAA Real Estate Co., the owner and master developer of La Cantera, and Patrinely Group LLC, announced to local brokers their collaboration on the WestRidge project.
Snohomish County M-F Property Trades Hands for $50M
Located at 12303 Harbour Pointe Boulevard, On the Green at Harbout Pointe gets its name from its position, directly adjacent to a golf course. The property offers up a number of 294 units, bringing Security’s total close to 600 residential units in three properties in Snohomish.
Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process
The housing component at Vandenberg Air Force Base has received a major boost as the initial development period has finally come to an end. A partnership between Balfour Beatty Communiites LLC and Hensel Phelps Construction Company handled the renovation and construction of new military housing units at the base. The total investment made during the six-year interval now stands at around $158 million. Balfour Beatty Communities currently deals with a range of residential projects including multifamily, military and student housing. With the initial development period now over, the developer and property manager has increased the number of units it handles at the Vandenberg AFB to almost 1000.
Elco Landmark Partners in Acquisition of Four Multifamily Properties
Four garden-style multifamily properties located in the Austin submarket of Round Rock and San Antonio have been acquired by a newly formed partnership between Elco Landmark Apartment Trust Holdings LLC, DeBartolo Development LLC, and LEM Capital. The combined price is of approximately $44 million.
Marcus & Millichap Gains Listing for 240-Unit San Antonio Apartment Complex
Bandera Commons, the 240-unit apartment complex in San Antonio, has become the exclusive listing of Marcus & Millichap Real Estate Investment Services, with the price yet “to be determined by market”. Senior associates Joe James and Kent Myers, together with associate Reynold Greenway, all from the Austin Marcus & Millichap office, will act as brokers for the seller, a private investor.
$500M Mixed-Use Trio of Towers Proposed for Downtown Austin
“Every project begins with a vision, and this is a grand vision on a great site,” said local real estate consultant Charles Heimsath about the proposed plan to build a $500M mixed-use project downtown Austin. If the plan receives approval from the city, the Austin skyline will change dramatically through the addition of three new towers, one of which could become the city’s tallest building.
Writer George Martin Purchases, to Renovate Jean Cocteau Cinema
George R. R. Martin needs no further introduction. Since his bestseller novel, A Song of Ice and Fire, has seen the printer’s ink, he’s become one of the world’s most influential people. HBO recognized the success and turned it into the very popular dramatic series, Game of Thrones. The novel is yet to be finished, readers and movie fans are looking forward to the sixth and seventh books of the series.