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
Blackstone Pays $70M for Majority Stake in Parc 55
By Alex Girda, Associate Editor
Parc 55 is the latest Bay Area hotel to attract institutional investors to one of the nation’s top hospitality markets. Last month, the Blackstone Group L.P. paid about $70 million for a 75 percent stake in the 1,011-key property located in Downtown San Francisco, Bloomberg News reported. Blackstone also obtained $152 million […]
Inland Empire Keep Rolling With 600 KSF Beaumont Leases
By Alex Girda, Associate Editor Leasing in the Inland Empire continued to pick up steam in the first quarter. CT Realty Investors recently leased nearly 600,000 square feet of space at its facilities at 520 Fourth Street and 415 Nicholas … Continue reading →
Indoor Stream Gets Retail Traffic Flowing at City Creek
By Alex Girda, Associate Editor The new City Creek development has any number of distinctions. A joint venture of the Mormon Church and Taubman Centers Inc., the $1.5 billion project is one of the largest private developments in the U.S. in the last few years. The 23-acre project features 700,000 square feet of retail and […]
Ashkenazy Makes Regional Debut With $79M Bellevue Retail Buy
By Alex Girda, Associate Editor
Making its Pacific Northwest debut, Ashkenazy Investment Corp. has paid $79 million for the retail portion of the Bravern, the 1.6 million-square-foot Bellevue mixed-use complex. Ashkenazy, whose portfolio includes high-profile properties like Union Station in Washington, D.C. and Boston’s Fanueil Hall Marketplace, beat out at least a dozen other prospective buyers […]
Developer Seeks to Get 4M SF Henderson Trade Center Airborne
By Alex Girda, Associate Editor
Trade and convention centers are a long-time fixture of the Las Vegas scene, but a local development team is proposing a facility that would depart from the norm. AeroQuestUSA L.L.C.’s proposed 4 million-square-foot International Trade and Conference Center in Henderson would focus full time on the aerospace and defense industries, VegasINC reports.
The […]
Equity One Buys Potrero Center for $111M; Is Multi-Family Next?
By Alex Girda, Associate Editor
Adding a premiere Bay Area retail spot to its portfolio, Equity One Inc. recently closed on the acquisition of the Potrero Center in San Francisco from the Emerald Fund in a deal estimated at $111 million. The North Miami Beach, Fla.-based retail REIT prevailed in a field of some 30 suitors for […]
City Hall Opening Boosts Downtown Revival Hopes
By Alex Girda, Associate Editor
As Las Vegas struggles to emerge from three years of recession, the recent unveiling of the $185 million city hall offers a glimmer of better things to come. Located at 495 S. Main St., the 310,000-square-foot project developed by Forest City Enterprises Inc. is the latest in a series of high-profile […]
Student Population Boom Drives $52M Project Near ASU Campus
By Alex Girda, Associate Editor
Banking on demand from a fast-growing student population, EdR is developing a $52 million mixed-use collegiate housing community near Arizona State University’s Downtown campus and the Phoenix Biomedical campus.
The mid-rise development will feature 609 beds within 326 units. Concord Eastridge is serving as construction partner for the 326-unit, 609-bed complex and […]
Kilroy Realty Extends Footprint to Menlo Park in $162M Office Deal
By Alex Girda, Associate Editor
In its latest big-ticket Bay Area buy, Kilroy Realty Corp. has paid $162.2 million for a 374,000-square-foot office campus in Menlo Park. Kilroy Realty acquired its newest asset, Menlo Corporate Center, from Walton Street Capital L.L.C.
Located on […]
Fate of Salesforce’s Scuttled Campus Site Remains Unclear
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor
More than two weeks after Salesforce.com surprised San Francisco by pulling the plug on its plans to develop a $2 billion campus in Mission Bay, its plans for the property remain […]