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.
Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential
A prominent Schuster Group-owned multifamily project in the Seattle neighborhood of Belltown recently traded hands. The Joseph Arnold Lofts traded hands for a fee of $68.2 million.
Donahue Schriber Plans $50 Million Expansion for Del Mar Highlands Town Center
A San Diego shopping center is set to go through an extensive renovation process worth approximately $50 million. The owner of the Del Mar Highlands Town Center is set to invest that amount in a number of new facilities and some expansions to the existing property.
Skilled Nursing Facility, Condos and Multifamily Complex Attract Buyers
The San Diego metro area is seeing a number of real estate deals take place as investors are snapping up a wide variety of properties. An Oceanside condominium building, a North Park multifamily building and an El Cajon nursing facility traded hands recently in two separate deals worth $14.2 million, $1.8 million and $7.5 million, respectively.
Revived Master Plan Would Bring 15,000 New Homes to North Las Vegas
One of the largest residential projects in the entire state of Nevada has found new life as developers have expressed the intention of breaking ground on a master-planned community in North Las Vegas.
Following Mission Bay Campus Success Alexandria Real Estate Acquires Prime Development Spot in SoMa
Alexandria Real Estate Equities, a company that focuses on a dominant market presence in the state-of-the-art, highly collaborative urban science and technology campus, has added yet another property to its portfolio. The company recently acquired the property at 500 Townsend Street in San Francisco for a reported fee of around $50 million. The development site is set to provide the entity with an opportunity to further expand its current assets in the South of Market area.
Coastal Rail Trail Adds 2,000-Foot Segment as Regional Biking Network Grows
Oceanside residents with a penchant for biking will be happy to know that regional officials have recently completed a 2,000-foot segment of the Coastal Rail Trail. The CRT is part of a planned 44-mile long bike trail from the City of Oceanside to the City of San Diego.
Capstone Advisors Pays $16M for Office, Retail Assets
Real estate investment development and advisory firm Capstone Advisors has recently moved for the acquisition of two different assets in the San Diego market. The company now owns an office building in La Jolla and a retail property near the University of San Diego. Capstone paid a total of $16.4 million for the two assets. The Carlsbad-based entity has recently made a number of commercial real estate acquisitions throughout San Diego and the Southwest.
Harvest Properties Completes Office Acquisition in Deal Rumored to Be Worth $100 Million
Harvest Properties, one of the more active companies in the San Francisco Bay Area office market, has reportedly made another large acquisition. The company, along with joint venture partner LaSalle Investment Management, paid a fee rumored to be in the vicinity of $100 million for a two-building office complex in San Mateo, Calif. The joint venture acquired the property from seller Fisher Investments with whom a lease-back deal has already been arranged. Earlier this year, Harvest and Invesco Real Estate sold Parkside Towers, a 400,000-square-foot office complex, to Heitman in a deal worth about $200 million.
Brentwood Capital Partners Sells Iconic Citizen News Building in Hollywood
A historic Los Angeles office building was the object of one of the most recent real estate transactions to take place in the city. Buyer SE Edinger LLC paid a fee of $14.5 million for the Hollywood property. The property was sold by Brentwood Capital Partners, a full service real estate investment, development and management company. The two parties involved in the transaction were represented by Industry Partners and Coldwell Banker Commercial WESTMAC.
Multifamily Picks Up: TruAmerica Buys, Berkadia Finances Seattle Properties
The Pacific Northwest has seen an upswing in activity in its multifamily market during the first quarter of 2014, with residential deals and projects taking the center stage in a market that was very focused on its office sector. This past week has seen TruAmerica Multifamily acquire a West Seattle residential complex, part of a partnership with Intercontinental Real Estate Corporation. The buyer paid a fee of $27 million for the Westhaven Apartments. The move is part of the investor’s strategy of amassing a $1 billion real estate investment portfolio by the following year.