Alex Girda
Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.
Amstar, Kōz Bet Big on Small Apartments in SLU
Right when it seemed like South Lake Union had run out of land, Amstar flew in and acquired a small parcel that will be transformed into a new apartment building. The Denver-based real estate investment manager will reportedly work on the new project with Snohomish-based Kōz Development.
Berkadia Arranges Trio of Multifamily Deals Throughout SoCal
Three multifamily properties traded this week in Chula Vista, Bermuda Dunes, and Lake Elsinore for a total sales volume of $85 million. What ties them all together? The three deals were arranged by Managing Director Director Alex Mogharebi out of real estate company Berkadia’s Ontario, CA office.
Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency
Following the demise of the Community Redevelopment Agencies across California, a large amount of leftover real estate, the result of a variety of projects or zoning changes made during their activity, is now available.
Barrister Suites Enjoys the SeaRise in Santa Monica
Barrister Executive Suites’ particular brand of business must be appealing to Silicon Beach. The company, credited as the originator of the executive suite concept, recently completed a leasing agreement for more space in Equity Office’s SeaRise Office Tower.
Harvest Properties Reaps Rewards in San Mateo
An office campus in San Mateo was finally sold after a fluctuating eight year stint as part of Harvest Properties’ portfolio. A joint venture between the company and Cigna Realty Investors recently received $49 million from New York Life Real Estate Investors for Bridgepointe Office Park.
Heitman Finds Seattle Luxury Comes at a Premium
Premiere on Pine, one of the most high-end multifamily properties in the Seattle market, just traded hands. The luxury high-rise has been successfully sold by owner and developer Holland Partner Group to Heitman, a Chicago-based company.
Breaking Unit Price Records in Brentwood
A Brentwood multifamily asset just broke the per-unit price record for an L.A.-area multifamily property not located near the ocean. Villa Montana is the property in question, a 20-unit residential community that traded for just over $20 million, or $1,002,500 per unit.
Brooklyn Affordable Communities Score New Property Manager
Two currently under-development Brooklyn affordable communities were added to CompassRock Real Estate’s property management portfolio. Both of the multifamily assets are being developed part of Greenland Forest City Partners’ Pacific Park master-planned community.
Kilroy Sets Up Shop in SoMa
Kilroy Realty Corporation is setting up shop in South of Market as the West Coast-focused real estate company only recently completed the acquisition of a development site in the area. The site is fully designed and entitled for the construction of a mixed-use creative office campus that will total around 450,000 square feet.
Santa Clarita Transit Oriented Community Edges Closer to Reality
JSB Development has announced that construction is now underway at its latest Los Angeles County transit-oriented development.