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
Tech Tenants Eyed for Rebranded 500 KSF Provo Office Park
By Alex Girda, Associate Editor Utah-based developer Warren King has acquired a 500,000-square-foot office park in Provo and is rebranding the campus as East Bay Technology Park in a bid to reel in high-tech tenants. Laurie Adair, Tab Cornelison and Scott Wilmarth of CBRE Inc. will handle leasing, and the firm’s asset services division is […]
European Hotels Get $200M Facelift Continent-Wide
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, as a result of a continent-wide operation worth $200 million.
Santa Teresa Village Shopping Center Acquired by Maryland-based REIT
Cassidy Turley, along with Kidder Matthews representatives, arranged the transaction on the buyer’s behalf, while the seller was advised by Prime Commercial. The per-square-foot rate that Retail Opportunity Corp. paid for the complex is approximately $250. The Maryland REIT’s offer immediately convinced Barry Swenson Builder executives to finalize the sale.
Keating Hotel Group Refinances 2 Historic Gaslamp Properties
By Alex Girda, Associate Editor
The Keating Hotel Group has refinanced the Keating Hotel and the Mercantile Building, two neighboring properties in San Diego’s Gaslamp District. A team from Holiday Fenoglio Fowler L.P. led by Aldon Cole and Husayn Hasan placed […]
South 15 Partners Eyes 2 MSF Industrial Complex Near Henderson Airport
In a move that paves the way for development of a 2 million-square-foot industrial complex, the Henderson city council has approved the sale of 150 acres near the Henderson Executive Airport. According to VegasINC, South 15 Partners L.L.C., the developers, paid $13.6 million for the parcel. The project would be the submarket’s first large-scale industrial development in many years.
Academy Tower in North Hollywood Now Part of Kennedy Wilson’s Portfolio for $48 Million
North Hollywood properties have been the subject of some interest lately, a trend that is making itself noticed through a number of purchases. The latest of these is the acquisition of The Academy Tower, an office property located in the area, by international real estate firm Kennedy Wilson. The company reportedly paid $48 million for the office building, a large chunk of which was raised through a financing deal facilitated by KW with Bank of America Merrill Lynch.
Indian Hospitality Market Set For A Boom: Two Brands Announce Massive Expansion Plans
India is set to see quite an increase in its hospitality industry after a number of properties were announced and a new venue just held its grand opening.
South Lake Union Set for Rezoning Overhaul
By Alex Girda, Associate Editor South Lake Union is growing at a frantic pace. Some developers are pitching office high-rises in hopes of scoring one of the big names that are constantly circling the neighborhood’s available office space, while others are proposing the next young-professional-oriented multifamily building. However, growth must be sustainable, and there are […]
Sun Products Inks Record 1 MSF Lease at Freeport West Industrial Park
In Salt Lake City’s largest-ever industrial lease, Sun Products Corp. is taking 1 million square feet at Freeport West Landmark Industrial Park. The consumer products manufacturer will move from six different buildings into two, enabling it to centralize and streamline operations. respond to customers more efficiently and reduce its carbon footprint.
Excalibur Unveils New Food Court at Castle Walk
By Alex Girda, Associate Editor
From celebrity chefs’ bistros to casual eateries and fast-food restaurants, the Las Vegas Strip offers as wide a variety of dining venues as anywhere in the United States. In a bid to capture the largest possible share of the area’s dining dollars, the Excalibur is expanding its food options.