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
Excel Realty Buys Lake Pleasant Pavilion Shopping Center in Peoria for $42M
By Alex Girda, Associate Editor Bringing its recent investments in the Phoenix area past the $200 million mark, Excel Trust Inc. paid $41.8 million for Lake Pleasant Pavilion Shopping Center in Peoria. National brands represented at the 373,000-square-foot property include Marshalls, Bed Bath and Beyond, Tilly’s, Kirland’s. SuperTarget, a 185,000-square-foot store owned by Target Inc., […]
Ryan Seacrest Pays $37M for Ellen DeGeneres’ Compound
By Alex Girda, Associate Editor When it comes to sheer volume and value, the Los Angeles celebrity home market is a standout. Estates regularly command higher prices than mid-size commercial properties. Recent case in point: Daytime TV host Ellen DeGeneres and her spouse, Portia de Rossi, recently sold their Beverly Hills compound to fellow headliner Ryan […]
Stadium Place Tower Wins Key Approval From City Panel
By Alex Girda, Associate Editor The $180 million Stadium Place development got a a major boost when the Pioneer Square Preservation Board unanimously approved the controversial design for the project’s second apartment tower. Designed by ZGF architects, the 333-unit South Tower will reach an elevation of 240 feet, only 30 feet lower than CenturyLink Field, which is less than 500 feet away […]
Arizona Breaks into Top 5 States For Construction Spending: NAIOP
By Alex Girda, Associate Editor A NAIOP Research Foundation report finds that Arizona ramped up commercial real estate development spending in 2011, pumping $4.2 billion into building new space. That total falls short of pre-recession levels, but it was good enough for fifth place, as the state trailed only Texas, New York, West Virginia and […]
Menlo Park Pledges Affordable Housing to Settle Lawsuit
By Alex Girda, Associate Editor About 1,000 residential units will be built in Menlo Park to settle a lawsuit over the pace of affordable housing development in its borders. Three Bay Area nonprofit groups took the city to court in order to ban the city from issuing zoning changes or building permits unrelated to affordable […]
Sky Lodge Trade Signals Main Street Changes in Park City
By Alex Girda, Associate Editor Park City’s Sky Lodge is the latest property to change hands after investor Kenneth Abdalla announced the purchase of the iconic boutique hotel. The 3-guest room property is an integral part of the developer’s plans in the area, as Abdalla suggested that the property is part of much bigger investment […]
Smith Tower Gets Five New Leases on Life
By Alex Girda, Associate Editor A few months after coming under the ownership of CBRE Capital Partners, the historic Smith Tower in Downtown Seattle is taking the first small steps toward rebounding from years of decline. A CBRE leasing team of first vice president Christian Shevchenko, vice president Cavan O’Keefe, senior associate Nick Carkonen and […]
Construction Starts on $50M W. Hollywood Apartment Complex
By Alex Girda, Associate Editor NMS Properties has kicked off construction on the latest entrant in West Hollywood’s upscale multifamily rental market. The $50 million NMS @ LA Cienega is rising near the intersection of La Cienega Boulevard and Westmount Drive en route to a scheduled July 2013 opening. The project will expand the developer’s 1,200-unit […]
Matteson Buys Upscale Complex in Novato for $67M
By Alex Girda, Associate Editor In a $67 million deal, San Mateo-based Matteson Cos. acquired the Millworks, a 124-unit upscale apartment complex that includes a 39,119-square-foot ground floor Whole Foods Market located in Novato’s Old Town district. The property includes 420,882 square feet ofspace over 124 units, as well as a three-level, 438-space parking garage. […]
$480 Million Deal for Russell Investments Center is West’s Biggest Since 2006
By Alex Girda, Associate Editor In the western U.S.’s largest single-asset office sale since 2006, CommonWealth Partners paid $480 million for Russell Investments Center in Seattle’s central business district. A CBRE Group Inc. team led by Kevin Shannon represented the seller, Northwestern Mutual. The transaction adds the property to another nearby CommonWealth asset–Safeco Plaza, a 755,000-square-foot, 50-story […]