Tudor Scolca
Tudor Scolca-Seușan is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.
Great Hearts to Open New Academy in Phoenix Area
Great Hearts has purchased a office/warehouse property in North Scottsdale, Ariz., with plans to open a new campus for the 2018-2019 school year.
Tru by Hilton Opens in Vegas
The property is currently the largest hotel under the Tru brand. It is owned by the United Brotherhood of Carpenters and managed by Prism Hotels & Resorts.
Lee & Associates Facilitates Warehouse Sale in AZ
Upon closing, 13,640 square feet were vacant, but have since been leased. BGP Designs occupies more than half of the 35,500-square-foot building, which changed hands for $3.5 million.
EastGroup to Develop 98 KSF Industrial Facility in Phoenix
EastGroup Properties aims to attract multiple tenants, appealing to the area’s diverse industry profile. The property is situated at 3110 N. Greenfield Road, near major thoroughfares.
Virtua Closes Fund, to Acquire 13 AZ Properties
The company plans to add value to the purchased infill locations by obtaining entitlements for them, or by building via its affiliate, Quyp Development.
Paradise Valley Buys Phoenix Retail Center for $11M
The 54,430-square-foot Pueblo Point Shopping Center is situated in an infill location, with high barriers to entry for other potential retail developments. The area’s demographics are favorable, with an average household income of more than $92,000 within a five-mile radius.
Hilton Opens New Hotel on Mississippi’s West Bank
Homewood Suites by Hilton New Orleans Westbank Gretna is located only 15 minutes from the attractions of the French Quarter and about 25 minutes from Louis Armstrong New Orleans International Airport.
AvalonBay Signs 73 KSF Lease in Arlington, VA
The final phase of the Liberty Center development, 4040 Wilson, will feature a mix of residential and office space over 22 stories. Construction will begin in early 2018 and is expected to finish in 2020.
WPT Capital Obtains $29M for ATL Distribution Facility
The 781,440-square-foot facility is located within Cobb County’s Six Flags Opportunity Zone, where companies are eligible for job tax credits of up to $3,500 per job created.
Artefact Designs Mixed-Use Project in ATL
The three-story Oak Center will be situated on Oak Street, between Atlanta and South Fulton avenues. The building will feature retail and office space, as well as outdoor dining.