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
Kennedy Wilson Takes Upscale Hayward Complex in $87M Deal
By Alex Girda, Associate Editor Kennedy Wilson has recently completed the $86.5 million acquisition of the Waterford, a 544-unit complex in Hayward. Most of the financing–$68.1 million–was secured through Freddie Mac. Terms are for a 10-year fixed rate of 3.69 percent. The Beverly Hills, Calif.-based firm described the deal as a strategic move into the […]
North Scottsdale’s First Green Building Commands $79M
By Alex Girda, Associate Editor Canadian players are joining the ranks of institutional investors finding opportunities in metropolitan Phoenix. Artis Real Estate Investment Trust has acquired MAX at Kierland, a 258,912-square foot, Class A office building in North Scottsdale. The Winnipeg, Manitoba-based REIT paid $79 million for the six-story building, which it acquired from a joint […]
Kilroy’s $330M Buying Spree Expands Puget Sound Footprint
By Alex Girda, Associate Editor With $330 million in acquisitions closed or under contract, Kilroy Realty Corp. is cementing its status as a leading Puget Sound office owner. Last week the Los Angeles-based investement firm reported that it spent $145 million in two separate transactions to assemble a 417,000-square-foot campus in Seattle’s South Lake Union district, where Amazon’s development of a 3 million […]
Primary Showdown Looms Over $29M Draper Recreation Center
By Alex Girda, Associate Editor The city of Draper faces a showdown over a bond issue on the June 26 primary ballot that would finance a $29 million, 120,000-square-foot to 140,000-square-foot recreation center. Since the city placed the issue on the ballot in early April, surveys commissioned by local authorities have shown public backing for taxes […]
Brentwood’s $61M Civic Upgrade Makes its Public Debut
By Alex Girda, Associate Editor In a bid to create a more vibrant image and revitalize its core, Brentwood has just wrapped a $60.8 million investment in its public buildings and spaces. Located in eastern Contra Costa County, the city of 51,000 marked the official opening of the multi-faceted project last month. A highlight is […]
Sonora Village Retail Center in Scottsdale Trades for $46.5M
By Alex Girda, Associate Editor Sonora Village Investors, a partnership of investors Bob Mariash and Ryan Denk, has paid $46.5 million for Sonora Village, a 248,322-square-foot retail center in Scottsdale, the Phoenix Business Journal reported. Sonora Village’s previous owner, Westwood Financial Corp., has sold six retail properties in Arizona during the past six months as […]
Plaza 600 Trades for $55M as Amazon Plans Create Buzz
By Alex Girda, Associate Editor Amazon’s proposed 3 million-square-foot campus in South Lake Union is generating increased activity from investors and developers. Joshua Green Corp. paid $54.9 million for the Plaza 600 Building, a 209,256-square-foot, 20-story office tower near the future site of the Amazon campus, the Puget Sound Business Journal reported. Plaza 600’s seller, […]
New Home Demand and Building Rebound; Land Prices Lag
By Alex Girda, Associate Editor After a long drought, the Las Vegas housing market finally has some good news for homebuilders. New home permits are up 40 percent across the board, with Las Vegas, North Las Vegas and Henderson among the most active areas, according to VegasInc. Prices are staging a comeback as well; so […]
Boyd Keeps Echelon Place Alive After 2 Years of Limbo
By Alex Girda, Associate Editor Since financing shortfalls forced Boyd Gaming to halt construction of the $4.8 billion Echelon Place project two years ago, the mixed-use project has stood as a cautionary tale of overreach. Recently, the developers recently took steps to keep the incomplete project alive, petitioning Clark County to extend several key deadlines. […]
L.A.’s Biggest Apartment Project Since 2008 Under Way
By Alex Girda, Associate Editor J.H. Snyder Co. broke ground late last month on a $200 million multi-family rental project that is the largest of its kind in Los Angeles since the recession began in earnest four years ago. Dubbed the Vermont, the property will encompass 464 rental units in 29-story and 23-story residential towers. In […]