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.
Las Vegas Home Prices Gain Again As Market Draws Institutional Investors
As this summer’s last number should have come in by now, studies show that the Las Vegas housing market has seen its average price growth outpace the national averages once again in August. The city’s housing market is seeing consistent improvement and has been doing so for a number of months, as figures the Standard & Poor’s/Case-Shiller Index show.
Development Slate: Amazon Makes Chang Tradees to Denny Triangle Spheres, GIS Rekindles Hotel-Condo Project and Belltown Sites Hands
Recent news regarding a number of new or resurrected projects have energized an already exciting development scene as Seattle is seeing large projects continue to take the stage in its downtown area. As Amazon continues to modify its artsy spheres, two high-rise projects promise to make their mark on the city’s skyline, as a mixed-use tower project emerged from the shadow of the economic downturn, and a brand new project might be on its way in Belltown after a development site recently traded hands.
Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Caesars Entertainment’s $185 million makeover of Bill’s Gamblin’ Hall & Saloon is going forward without one of its original partners. In response to concerns raised by Massachusetts regulators about an investor’s alleged links to Russian crime syndicates, Gansevoort Hotel Group is stepping away from its […]
TDA Investment Group Pays $11.4M for MOB Near San Diego State
San Diego is well-known for being one of the country’s hotbeds in terms of biotech and health sciences, with a plethora of facilities accommodating a number of specialized companies, also driving the area’s real estate market. Now a medical facility has traded hands in the immediate vicinity of the San Diego State University. The Alvarado Hospital Medical Plaza III has been acquired by TDA Investment Group for a total purchase fee of around $11.4 million from seller AMP III LLC.
Woodland Hills Apartment Community Trades Hands for $88M
One of the largest San Fernando Valley apartment deals was perfected recently when a group of investors headed Jones & Jones Management Group paid $88 million for a Woodland Hills property. The buyer acquired the Mercer at Warner Center residential community from Rockwood Capital and The Bascom Group. According to the CoStar Group, the acquisition comes hot on the heels of another high-profile apartment deal made by the buyer, namely the sale of the Crenshaw Village asset, for a total of $60 million.
Moving Time: Tech Startup Apigee Leases New Space in San Jose to Seal Palo Alto Move, Visa Looking for Space in San Francisco Again
By Alex Girda, Associate Editor The Bay Area’s office market generally benefits from a hot tech market that sees development and leasing that is driven by expanding giants such as Google, Facebook and Twitter, as well as an influx of smaller companies betting on space in the technological epicenter of Silicon Valley. As space changes […]
Skanska Rolls Out 400 Fairview Development Project with Brand-New Anchor Tenant
One of the most active foreign developers in the bustling Seattle market in recent years has undeniably been Stockholm, Sweden-based Skanska. The developer is operating its interests here through subsidiary Skanska USA, and now it has a new investment going in the city. The company has announced a $150 million investment in a new office and retail development project in the meteoric South Lake Union neighborhood of Seattle, one of the primary engines for growth in the Seattle real estate market.
Intu, CPPIB JV Acquires 807 KSF Shopping Center in Northern Spain
Intu Properties and the Canada Pension Plan Investment Board have jointly acquired the Parque Principado Shopping Center in Asturias, Northern Spain, for $220 million.
Wasatch Front Job Growth Outpaces 2012; Retail Vacancy Declines as New Product Slows
By Alex Girda, Associate Editor As Salt Lake City’s economy slowly rises, improvement is extending to the retail market, a recent report shows. The Wasatch Front has added approximately 36,900 new jobs over the past year, an annual growth rate of 3.6 percent. According to Marcus & Millichap Real Estate Investment Services Inc., professional and […]
New Office Product Nears Debut as Job Picture Brightens
By Alex Girda, Associate Editor As office rents stabilize and surge of new office product approaches the Las Vegas market, a new study confirms that local economic fundamentals are continuing to improve. Employment improved to the tune of a 2.3 percent increase in payroll, reflecting the creation of 19,300 jobs over the past 12 months, […]