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
Officials Approve 350-MW Solar Plant North of Las Vegas
By Alex Girda, Associate Editor Clark County is set for a surge of green energy in the form of a 350-megawatt solar plant about 30 miles north of Las Vegas. The federal government recently approved a facility on a site belonging to the Moapa Band of Paiute Indians, the Las Vegas Sun reports. The proposed plant would […]
Kennedy Wilson Snaps Up West Covina M-F Complex for $44M
By Alex Girda, Associate Editor Kennedy Wilson has acquired Torrey Pines, a 251-unit apartment community in West Covina, for $43.7 million. Kevin Hart, president of the firm’s multi-family group, explained that the property’s position as “the newest market-rate apartment community in the city,” combined with a dearth of new product in the pipeline, made it an […]
JMA Ventures Buys Redmond Asset from Clarion for $39M
By Alex Girda, Associate Editor JMA Ventures has expanded its Puget Sound portfolio with the $38.5 million acquisition of the Offices at Riverpark in Redmond. The San Francisco-based investor bought the property from Clarion Partners, which also developed the 106,281-square-foot Class A property. That translates to a sale price of $362 per square foot for […]
Arcadia Complex Hits Market; Held Takes Chandler Asset
By Alex Girda, Associate Editor Arcadia Cove, a multi-family asset near the Phoenix Gateway Center and the upscale Arcadia neighborhood, has come to market with an asking price of $47.25 million, rentv.com reported. Located at 2522 North 44th Street, the 432-unit residential community was built in 1996 by Picerne Real Estate Group and features units […]
Supervisors Clear Way for Talks on Warriors’ Waterfront Plan
By Alex Girda, Associate Editor The city has taken a giant leap forward toward luring a new major-league sports franchise now that officials have approved negotiations with the National Basketball Association’s Golden State Warriors. The San Francisco Examiner reports that the city’s Board of Supervisors opted to eliminate the city’s competitive bidding requirement in the […]
D.R. Horton Unveils Communities; Hsieh Details Downtown Plans
By Alex Girda, Associate Editor D.R. Horton, one of the country’s largest homebuilders, recently unveiled two of its newly built residential communities in Las Vegas. The company’s local division recently organized a gathering to officially open their two neighborhoods in the southern part of the city. A development dubbed Silverleaf, located off Blue Diamond Road […]
Officials Seek Public Works Deal as Budget Deadline Looms
By Alex Girda, Associate Editor The debate over the 2012-13 Salt Lake City budget appears to be nearing a conclusion as Mayor Ralph Becker’s $204.3 million proposal comes under the City Council’s scrutiny. The mayor’s proposal falls just $1.5 million short of the council’s $205.8 million plan, with major differences primarily related to capital improvements, the […]
Bosa Launches Downtown’s First Condo Tower Since 2007
By Alex Girda, Associate Editor Downtown Seattle’s first high-rise condominium project in more than five years is getting under way in the Denny Triangle this month as Bosa Development Corp. starts work on the Insignia, a pair of 41-story towers that will include as many as 700 units between them, the Seattle Times reported. Located on the former Teatro […]
McCarran’s New $2.4 Billion Terminal Offers High-End Appeal
By Alex Girda, Associate Editor One of the city’s busiest hot spots will get even more visitors later this month when the $2.4 billion Terminal 3 opens at McCarran International Airport. A recent public preview drew a crowd of 15,000 to take a first look at T3, as the new facility has been nicknamed—6,000 of […]
Bear Lake Resort Plan Wins Garden City Approval
By Alex Girda, Associate Editor A $42 million resort in Garden City has secured approvals from the city council and planning commission, paving the way for development of what could be one of Bear Lake’s largest resorts, the Herald Journal of Logan reported. Vista Realty plans to build Waters Edge Resort, a Holiday Inn brand, […]