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
Pillar Pays $45M for Apartment Complex; Archway Takes 3 MOBs
By Alex Girda, Associate Editor
The Phoenix multi-family market has recorded its latest major trade with Pillar Communities’ acquisition of the San Portella apartment complex in Tempe. The 308-unit residential complex traded for a total of $45.1 million or $146,428 per […]
Skanska USA Plans Office Tower for South Lake Union
By Alex Girda, Associate Editor
South Lake Union is continuing its run as a regional hot spot for development. Skanska USA has started the entitlement process for construction of a 339,000-square-foot, 12-story office building, the Seattle Times reported.
The property would include […]
Pier 27 Makeover Starts; One Beach Street Trades for $36.5M
By Alex Girda, Associate Editor
A new cruise ship terminal is on the horizon at Pier 27. Following the Jan. 31 demolition of a warehouse, the site initially will house America’s Cup Village, which will provide retail space and restaurants as […]
MetWest Terra Continues Streak with Third Bay Area Purchase
By Alex Girda, Associate Editor
MetWest Terra Hospitality is on a roll in the Bay Area after a flurry of hotel acquisitions. In mid-January, the company picked up the Hotel Abri, a 91-key Downtown San Francisco property that was the company’s […]
Orchard Partners Expands Puget Sound Portfolio; Greenwood Apartment Project Advances
By Alex Girda, Associate Editor
A joint venture between Orchard Partners LLC and Morgan Stanley Real Estate Investing has closed on the acquisition of the 135,000-square-foot Creekside Distribution Center in Kent, the Puget Sound Business Journal reports. The $10.46 million purchase Orchard Partners’ […]
Apple Expands in Sunnyvale; East Palo Alto Makeover in Doubt
By Alex Girda, Assciate Editor
Apple has recently signed a lease that may be the opening round of a large-scale expansion by the technology giant in Sunnyvale. Reports peg the deal as the first in a long series of moves that will […]
Condos May Rise on Medical Office Parcel; Simon Nears Deal on Site for Outlet Mall
By Alex Girda, Associate Editor
The current site of a medical office building near the Paradise Valley Mall may be transformed into a multi-family development. Cachet Homes is eyeing a 4.5-acre parcel at 4232 East Cactus Road for a 200-unit condominium […]
Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue
By Alex Girda, Associate Editor
Terramar Retail Centers L.L.C. paid approximately $35 million for Canyon Park Place, a 130,786-square-foot neighborhood retail center in Bothell. Anchored by a QFC Grocery and a Bartell’s Drugs, the center marks Calrlsbad, Calif.-based Terramar’s sixth such […]
Siegel Group Plans 2013 Reopening of Former Atrium Suites
By Alex Girda, Associate Editor
The Siegel Group is eyeing a summer 2013 reopening for the former Atrium Suites Hotel in Las Vegas, a distressed 202-key asset on Paradise Road, the Las Vegas Sun reported. A group of investors led by […]
Risk Management and Social Media in Commercial Real Estate
2011 was marked by a global wave of civil unrest. The fact that social media played such an important role has prompted many government agencies and businesses to step up their monitoring of Twitter and other social networks. These actions confirm the widening power of social media as an accelerator of social and business change. Commercial property industry leaders increasingly recognized that social media immediately amplifies negative buzz about their brands and reputations, and can have an impact on positive imaging and sales if used effectively. Many leaders, like CBRE and GE Capital Real Estate, asked us to start monitoring…
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