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.
Downtown Affordable Project Secures Financing, Breaks Ground
An affordable housing project that is crucial to San Diego’s downtown area is finally in the clear after a number of attempts. Wakeland Housing and Development Corporation recently closed on financing from the U.S. Bank, thus edging the Atmosphere affordable housing development closer to reality. The project officially broke ground on March 24th in downtown San Diego, and is slated for a February 2017 completion.
Apple Takes Space in Downtown Cupertino
Apple continues to bolster its influence on the Silicon Valley city of Cupertino as the tech giant recently completed a leasing deal for an under-development office campus located in the vicinity of its ambitious Apple Campus 2 project. The company has a large workforce in the area and occupies a vast amount of real estate in Silicon Valley, with both continuing to grow. Apple is now set to anchor the Main Street Cupertino mixed-use development project, a venture that aims to create a new downtown for the city.
Net-Zero Classrooms Garner USGBC Award
By Alex Girda, Associate Editor The U.S. Green Building Council’s California Central Coast Chapter recently gave its Green School Award to a $2 million net-zero modular project that replaced aging classrooms in the Oak Park Unified School District. Balfour Beatty Construction, the general contractor, assembled seven 960-square-foot classrooms at Oak Park High School, replacing six […]
Penthouse at One Queensridge Tower Sells for $7.7M
A short while after Veer Towers hit the $100 million mark in sales, the Las Vegas condominium market hit another high. Completed by new Las Vegas brokerage Char Luxury Real Estate, the deal for the unfinished Crown penthouse at the One Queensridge Place was worth a record $7.7 million. The upscale residence was acquired by a Canadian buyer, in what is the highest priced property sold in the city year to date.
Holland Partner Group Acquires SLU Development Site Near Amazon’s Denny Triangle Campus
A new development project Is set to hit an already bustling area of Seattle. Holland Partner Group, a development company that mostly operates in the Pacific Northwest, recently acquired a high-profile development site in South Lake Union for a reported amount of $20.1 million. The new owner of the site is ready to propose a major residential development in the Denny Triangle, an area of Seattle that has been energized in recent years by Amazon’s ambitious high-rise office campus project.
Seattle’s Tallest Tower Set to Hit Market Later This Year
With the price of Seattle real estate continuing to grow, some entities are considering offloading even their most prized assets in order to ensure large cash-ins. It appears that this is the strategy that Beacon Capital Partners has set for one of its Seattle properties, namely the Columbia Center. It has been reported that the Boston-based private equity real estate company has employed the services of Eastdil Secured for the upcoming sale of the city’s tallest skyscraper. According to Finance & Commerce, the formal marketing process should commence during the following interval.
John’s Incredible Pizza to Open at Boulevard Mall
By Alex Girda, Associate Editor John’s Incredible Pizza Co. has signed on for 60,000 square feet at Boulevard Mall. The dining and entertainment chain will create about 200 jobs and accommodate up to 1000 guests when it opens its new location later this year. John’s Incredible Pizza combines food with entertainment, offering a family-style buffet, […]
Despite Legal Hurdles, Millennium Plans Summer Kickoff for SoMa Tower
One of the most ambitious development projects in San Francisco is also one of the most highly contested. Millennium Partners is closing in on finally breaking ground on its $500 million development in the city’s SoMa district. The developer has been planning the project for nearly a decade and is now set to start construction at the site located in the immediate proximity of the Rochester Big & Tall Building. Once completed, the high-rise would feature high-priced condominium units.
Scripps Opens $456M Heart Center in La Jolla
By Alex Girda, Associate Editor The $456 million Prebys Cardiovascular Institute was recently completed on the campus of the Scripps Memorial Hospital La Jolla in San Diego. Named for the facility’s founding donor, the philanthropist Conrad Prebys, the facility is part of Scripps Health’s 25-year master plan for the campus. The seven-story, 383,000-square foot facility […]