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
Plans for Record-Breaking Ferris Wheels on a Roll
By Alex Girda, Associate Editor Caesars Entertainment Corp. has recently announced that its newest eye-catching project is getting off the ground after securing construction permits for what will be the world’s tallest observation wheel, part of Caesars’ LINQ retail, dining and entertainment complex. Dubbed the High Roller, the Ferris wheel will stand 550 feet tall, thus claiming […]
Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise
By Alex Girda, Associate Editor It’s all about one-bite appetizers and shot-size cocktails these days, and now it looks like less is more in the living department as well. 300-square-foot apartments offer a frugal living space, but student housing developer Patrick Kennedy seems confident that those who crave city life above everything else will embrace […]
Olympics Games’ Centerpiece Gets Architectural Acknowledgment
With the London Olympic Games underway, more than 10,000 athletes are attracting the world’s attention. But winning the right to host the Games requires the ability to provide appropriate venues in which to showcase talent, and this year’s Olympic Stadium is no exception.
MGM Resorts Wins Round on Harmon; Tutor Perini Appeals
By Alex Girda, Associate Editor MGM Resorts International’s woes with the Harmon hotel, part of the CityCenter project, have taken a step toward resolution. The Las Vegas Sun reports that Clark County District Court Judge Elizabeth Gonzalez has approved the company’s plans to implode the problematic structure. However, demolition will not go ahead immediately as Tutor Perini Corp., the project’s […]
Biotech Firm Organovo Moves HQ to New 16 KSF Facility
By Alex Girda, Associate Editor Biotechnology firm Organovo Holdings, Inc., has relocated to a larger facility in San Diego facility. Noted for its innovative three-dimensional bioprinting technology, Organovo has leased 15,539 square feet in the city’s Sorrento Mesa area. The new space will be almost four times as large as the company’s previous headquarters and […]
San Fernando Valley Apartment Community Awaiting New Owner
By Alex Girda, Associate Editor Marcus & Millichap/Institutional Property Advisors is currently marketing a North Hollywood multifamily property for approximately $30 million. The Marquee Apartments is a residential community in the eastern part of the San Fernando Valley community of North Hollywood, at 12300 Sherman Way. The team that is handling the fee-simple interest in […]
Stonebridge Buys Seattle Hilton from R.C. Hedreen for $60M
By Alex Girda, Associate Editor In a deal valued at $60 million, Stonebridge Cos. has acquired the Seattle Hilton from R.C. Hedreen Co., the Puget Sound Business Journal reports. The 237-key property, which will continue to operate under the Hilton flag, is located at 1301 Sixth Avenue in Downtown Seattle. Englewood, Colo.-based Stonebridge, which operates […]
Brookfield Puts 333 Bush Up for Sale; USPS Markets 8 Assets
By Alex Girda, Associate Editor A second tech boom is ratcheting up demand for office space in the San Francisco Bay Area .This has prompted a number of owners to buy or unload assets, among them Brookfield Asset Management, the global alternative asset manager that manages a $150 billion portfolio. Brookfield is hoping to ride the wave to a big payday […]
World’s First Nobu Hotel Targets Boutique Market
By Alex Girda, Associate Editor A new hotel bearing the name of renowned chef Nobu Matsuhisa is gearing up for a fall opening at Caesars Palace. The world’s first Nobu Hotel will arrive at a time when the city is looking toward niche boutique hotels to attract a new demographic to Las Vegas. According to […]
Hines/Oaktree JV Buys 248 KSF Office Complex in Sandy
By Alex Girda, Associate Editor KBS Realty Advisors has closed on the sale of South Towne Corporate Center in Sandy to a joint venture of Hines and an affiliate of Oaktree Capital Management. The deal is Hines/Oaktree’s second acquisition following last year’s pickup of Alton Corporate Plaza in Irvine, Calif. Located 15 miles from Downtown Salt […]