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
SLU Rezoning Plan Features Towers and Affordable Housing
By Alex Girda, Associate Editor A proposed rezoning plan unveiled by Mayor Mike McGinn for Seattle’s thriving South Lake Union submarket envisions apartment and condo towers rising up to 400 feet above street level and could add as many as 12,000 new households to the neighborhood. The proposal, which requires City Council, provides for affordable […]
Caruso Launches $32M Mixed-Use Complex in West L.A.
By Alex Girda, Associate Editor Caruso Affiliated has started construction of 8500 Burton Way, a mixed-use development at the corner of Burton Way and La Cienega Boulevard in West Los Angeles. The $32 million project will consist of 88 luxury apartment units, plus a 14,000-square-foot Trader Joe’s and a coffee shop on the ground floor. […]
Globe Buys Chandler Property; MainSpring Sells Tempe Trio
By Alex Girda, Associate Editor Scottsdale-based investment and private equity firm Globe Corp. is the new owner of a Chandler industrial property that it has acquired from Milgard Manufacturing Inc. in a $7.6 million deal, The Phoenix Business Journal reports. The building is part of the Westech Corporate Center near Arizona Avenue. Tacoma, Wash.-based Milgard, a […]
California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino
By Alex Girda, Associate Editor Apple’s plans to build a cutting-edge headquarters in Cupertino have been placed on the fast track by Gov. Jerry Brown. The state’s decision will help ensure that Apple will make its announced 2015 deadline for completing the project. Sustainable features anchored the argument for shepherding the project through the California’s rigorous environmental review. Brown commented […]
North Las Vegas Welcomes SpringHill Suites by Marriott
By Alex Girda, Associate Editor For North Las Vegas, any bit of good news is welcome in market that continues to struggle. Recently SunWest Commercial provided a breath of fresh air in the form of a 94-key SpringHill Suites by Marriott, the first new local hotel in more than four years. Located near Interstate 15 […]
City Officials Grapple With Funding Proposed Arts Venue
By Alex Girda, Associate Editor Talks regarding Mayor Ralph Becker’s proposed Utah Performing Arts Center in downtown Salt Lake City are now focused on hammering out the financing package for the $110 million project. Considered a centerpiece of an effort to re-energize Downtown Salt Lake City, the 2,500-seat venue would be capable of hosting touring […]
Palace Hotel Tokyo Aims to Bring New Brand of Luxury to Japanese Capital
The city of Tokyo gained a new addition to its hospitality market with the opening of the Palace Hotel Tokyo.
Toll Brothers Plans High-End Community in Lake Forest
By Alex Girda, Associate Editor As luxury locations go, you can’t go much higher than Orange County, Calif., an area whose wealth has been represented in countless movies and TV shows. The high-end lifestyle here has apparently stimulated the imagination of luxury home builder Toll Brothers, Inc., which has just snapped up the rights to develop Baker Ranch, […]
Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets
By Alex Girda, Associate Editor Stockbridge Capital Group recently announced the final closing of a $220 million fund that will target a wide range of value-added investments including industrial, office, retail and multi-family properties in major domestic markets. Established in 2011, Stockbridge Value Fund I will focus on distressed and undervalued properties. The entity will […]
National Park Visitors Flock to App Created by Local Firm
By Alex Girda, Associate Editor Thanks to a partnership between a Salt Lake City-based digital media company and National Geographic, iPad and iPhone users can get every bit of information they need about the park they’re visiting. The app currently features guides for 20 of the country’s 58 national parks. Zion, Arches and Bryce Canyon are […]