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.
Vista, Sorrento Mesa Industrial Assets Fetch $75M in Separate Deals
In a great week for the San Diego industrial real estate market, two properties traded hands in two separate deals for a combined total of over $75 million. Cornerstone Real Estate, a Connecticut-based entity, paid a fee of $57.6 million for an asset in the Vista submarket, while a Sorrento Mesa industrial building was acquired by Colorado-based Alliance Commercial Partners LLC.
Colliers Arranges Land Deal for The Olson Company, New Residential Development Set-up in Temple City
A parcel of land that formerly housed in industrial facility in Temple City in the San Gabriel Valley is set to be transformed into a new housing community by Orange County-based The Olson Company. The home builder recently acquired the land parcel with the help of real estate firm Colliers International.
Regent Properties Buys Carlsbad Office Building; Legacy Signs AltheaDx to Torrey Pines HQ
A Carlsbad office property traded hands recently when Regent Properties paid a fee of approximately $16 million for Atlas at Carlsbad. Meanwhile, a Torrey Pines HQ office building secured its tenant as AltheaDx inked an agreement for around 70,000 square feet at the recently renovated facility.
MGM Resorts Unveils Plans for The Park, Promenade Linking New York-New York, Monte Carlo
MGM Resorts International recently unveiled its plan to round out an important part of the Las Vegas Strip where the company currently operates a number of resorts that are experiencing their own changes. The company has announced The Park, a concept that will take shape on the west side of The Strip that was thought up to bridge the area between New York-New York and Monte Carlo.
Rouse Properties Announces New Leases, Changes to NewPark Mall in Newark
A Newmark retail property is set to be repositioned after owner Rouse Properties announces a number of newly-completed leases and changes to one of its assets. The owning entity is set to revive the NewPark Mall in Newark, Calif. by unveiling a number of new tenants and features into one of the focal points of the area in terms of entertainment, shopping and dining.
HFF, Berkadia Complete Financing Deals for Pacific Northwest Properties
Pacific Northwest property owners and real estate investors are completing financing deals for properties as the area continues to develop, in an attempt to boost their chances at securing promising properties, or improving assets in their existing portfolios. Berkadia Commercial Mortgage LLC and Holiday Fenoglio Fowler LLC both arranged financing deals for properties in Seattle and Portland respectively.
West Los Angeles Office Market Catches Attention of Sunrise Real Estate Group
A West LA office building was recently acquired for a reported fee of approximately $39 million. The off-market transaction was completed by a partnership consisting of Sunrise Real Estate Group with Robhana Group and 4M Investment Group who picked up the property from seller TPMC Realty Corp. Newmark Grubb Knight Frank representative Al Barasani handled the buyer’s end of the deal, while the seller represented itself. IDB Bank provided financing for the deal. The office asset last traded hands in 2008.
MARKET SNAPSHOT: White-Hot Tech Sector, Highest Construction Pace in Years Push San Francisco’s Strong Rental Market
San Francisco – welcome to the land where technology is king.
Community HousingWorks, Sun Country Builders Start Affordable Housing Project in Vista
The recent wave of new affordable housing communities developed in the state of California has now also hit San Diego. Not-for-profit development entity Community HousingWorks has teamed up with Vista-based Sun Country Builders on the North Santa Fe Apartments project, with the latter company having already begun work has begun at the site.
SolarCity Expands to Nevada, Will Serve Metro Las Vegas Starting this Fall
The emergence of solar power as a viable option of fueling residences during recent years has been a lucrative enterprise in the California and Arizona, two of the sunniest states in the entire country. Now, Nevada is seeing serious interest from one of the largest companies committed to raising the profile of the alternative energy method of powering homes. SolarCity recently announces that it is vastly expanding its operations in the state of Nevada, and its push will begin with residences in the city of Las Vegas and the neighboring area.