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
BPG Affiliate Pays $34M for 2nd Scottsdale Office Complex
By Alex Girda, Associate Editor
Lincoln Towne Centre, a 223,605-square-foot office complex in Scottsdale, has come under the ownership of BPG Properties Ltd. A newly formed affiliate of the private equity management company acquired the property from Lincoln National Life Insurance Co. in a $34.3 million deal, the Phoenix Business Journal reported. A team from CBRE […]
JC Goldenstein: What I Heard from Global Leaders at MIPIM 2012
CREOpoint and ARGUS Software bring you the 3-day on-the-spot report from MIPIM, the next best thing to having been there. My key take-aways are: Cautious optimism pervaded (growing in direct proportion to number of drinks and lateness of the hour). Prime locations and properties are stil the focus of major investors. Secondary locations, not so much. Regions and countries are thinking ‘big’ again. Whether it be London’s Olympic Park, the Grand Paris project, Qatar’s Downtown Doha project; Russia’s Sochi and Skolkovo Innovation City, Istanbul’s Zorlu Center or Rome’s Ostia waterfront, the scale of ambition and vision is widening. Ultimately, demographics…
Deals Set Stage for 49ers’ New Stadium to Rise in Santa Clara
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor
After years of false starts, a new stadium for the San Francisco 49ers is on the verge of becoming a reality. In the wake of key approvals by city officials and […]
Hooters Hotel’s Next Act Now in Canyon Capital’s Hands
By Alex Girda, Associate Editor
Hooters Hotel is on track to change hands by March 30 after its principal creditor, an affiliate of Canyon Capital Realty Advisors, was the sole bidder in a bankruptcy sale last month. The affiliate, Canpartners Realty Holding […]
Parkview Properties Pays $86M for a Second Tempe Tower
By Alex Girda, Associate Editor
Less than a year after buying a neighboring property, Parkway Properties Inc. closed on the $86 million acquisition of Hayden Ferry Lakeside II in Tempe, Ariz. Completed in 2007, the 12-story, 300,000-square-foot building is part of […]
Plans For $500M Arena Hinge on Luring NBA and NHL Teams
By Alex Girda, Associate Editor
Seattle’s ambition to land major-league basketball and hockey franchises took a major step forward with the announcement of a $500 million plan to build an arena in the SoDo district. More than half the project’s financing–$290 million—would come from private funding secured by hedge fund manager Chris Hansen. Another $200 million […]
Park City Home Sales Top $1B Despite Declining Prices
By Alex Girda, Associate Editor Last year was a decidedly mixed bag of progress and challenges for the Park City residential market. First, the good news: overall transaction volume hit nearly $1.1 billion, a 6 percent increase from 2010, according to the Park City Board of Realtors. That is the only the seventh time that total […]
Playa del Rey to Get First New Office Complex in 20 Years
By Alex Girda, Associate Editor
Playa del Rey will get its first new office complex in 20 years—The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard.
At 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting on the property’s location adjacent […]
Henderson Arena Gets $650M Financing Deal
By Alex Girda, Associate Editor
A $650 million sports arena in Henderson has taken a major step forward with the memorandum of understanding between developer International Development Management L.L.C. and CSST Smart Cities International. The support of the latter entity’s Chinese […]
Related Breaks Ground on $350M Santa Monica Residential Project
By Alex Girda, Associate Editor
Related California, an affiliate of the Related Cos., started construction Feb. 16 on a $350 million mixed-use project in the seaside city of Santa Monica. Dubbed the Village at Santa Monica, the project is scheduled for completion in 2011 and will incorporate 318 luxury condominium units and affordable rental apartments feature around […]
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