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
Bellagio Wraps $70 Million Renovation; Hooters Heads for Auction Block
By Alex Girda, Associate Editor
.Following the lead of other Las Vegas Strip titans, the Bellagio recently wrapped up a $70 million renovation of its main tower. The renovation comes after a number of makeovers announced or completed by landmark Strip properties […]
L.A. Luxury Residential Market Attracts Growth; Green Dot Relocates HQ to Pasadena
By Alex Girda, Associate Editor
Even in the face of a downturn, some trends remain ever-present in the Los Angeles residential market. Take the demand for high-end condominium and detached residential properties. As the annual Swanepoel Trends Report notes, the luxury […]
Green Shoots Emerge for Salt Lake City Market
By Alex Girda, Associate Editor Salt Lake City’s real estate market showed strong signs of a comeback in 2011 after several tough years, and 2012 shows additional, if modest potential. The office vacancy rate last year dropped from 17.1 percent to 15.3, with absorption reaching a healthy 652,000 square feet , a CBRE Group Inc. […]
Whitestone REIT Pays $29M for Scottscale Retail Center
By Alex Girda, Associate Editor
In a $28.8 million deal, Westwood Financial Corp. has sold a 113,000-square-foot community center in Scottsdale to Houston-based Whitestone REIT, the Phoenix Business Journal reported. For Whitestone, the deal marked the REIT’s seventh acquisition in the […]
A’s Wolff Makes Triple Play with 3rd San Jose Hotel Buy
By Alex Girda, Associate Editor
Wolff Urban Development L.L.C. is widening its footprint in San Jose through the acquisition of a third high-profile hotel. The privately held investment firm, which is controlled by Oakland A’s owner Lew Wolff, acquired the l71-key […]
Job Growth Fuels Multi-Family Market Revival
By Alex Girda, Associate Editor
Las Vegas’ multi-family market appears to be heading for recovery, according to a recent report from Marcus & Millichap Real Estate Investment Services Inc. In-development retail projects are set to create large amounts of jobs in […]
Mayo Clinic Breaks Ground on $183M Cancer Treatment Center
By Alex Girda, Associate Editor
The Mayo Clinic has broken ground on a $183 million cutting-edge cancer treatment center in Northeast Phoenix, the Arizona Republic reports. The facility is one of a pair planned by the medical institution, along with a […]
Lionstone Catches a Wave in Santa Monica with $90M Buy
By Alex Girda, Associate Editor
Houston-based investment management firm Lionstone Group has expanded its footprint in the Los Angeles office market recently with the $90 million acquisition of five new-wave properties in the oceanside community of Santa Monica, Calif.
The “creative office buildings”, […]
Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?
By Alex Girda, Associate Editor
Hines is in line to acquire Fisher Plaza complex from owner Fisher Communications in a $160 million deal, the Seattle Times disclosed. The seller will stay on as the largest tenant at the 300,000-square-foot property. Located near […]
Dick’s Picks Goodyear for $40M Distribution Center
By Alex Girda, Associate Editor
Dick’s Sporting Goods is set to kick off construction this month on a $40 million distribution center in the Phoenix suburb of Goodyear. The giant retailer is building a 600,000 square-foot warehouse at the PV303 business park. […]