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.
Madison Acquires Stake in Two-Property Portfolio in California
By Alex Girda, Associate Editor Two Bay Area properties were the object of a recent stake acquisition by private equity firm, Madison International Realty. The company has moved on the market for a share of a two-building portfolio owned by a closed-end fund sponsored by Deutsche Asset & Wealth Management for an undisclosed fee. According […]
Pierce County Gives Go-Ahead to Pre-Design Measures for New Facility
Tacoma’s office market might take a hit as reports claim that Pierce County is looking to consolidate its employees into one standalone office property. As county officials are currently occupying eight different office buildings throughout the city, there might be a number of owners who will scramble to find new tenants in order to fill up the space that Pierce County might be vacating.
Big Money Land Deal Paves Way for $750 Multifamily Development Project
As far as land deals go, reports rarely come in about landmark transactions in a major city’s Central Business District. However, a joint venture between Mack Urban and AECOM Capital has recently made public the acquisition of a six-acre land parcel in L.A.’s CBD. The value of the deal is estimated at around $80 million, making it by far the largest transaction of its kind in the area since 2008. The JV acquired the downtown property from former owner, EVOQ Properties.
New Multifamily Division to Focus on Developing Projects in Growing Tech Markets
By Alex Girda, Associate Editor As the main tech markets continue their emergence, driven by the growth of big names such as Google, Facebook and Apple and their development of new design-heavy facilities, as well as the growing interest in the San Francisco Peninsula, the market was bound to drive the residential pipeline to a […]
Bosa Development Proceeds with Second Condo Tower at Insignia
News regarding new development projects in Seattle is extremely common these days, with the city experiencing a tech market boom and an increase in residential development that has the city sorted for the next few years. The most recent bits of news regarding the area’s condo market have revolved around Bosa Development Corp.’s Insignia project, and the project is now set to double down on its initiative, thereby completing the developer’s original plan. Another important development hotbed for the city is Pioneer Square where Stadium Place has recently lit the area up with its varied development projects. With a new mixed-use project on the pipeline for the area, it seems that the smallest of roadblocks might change the developer’s mind.
Arts District Gets New Mixed-Use Community, Big on Outdoor Experience
One of the largest new mixed-use complexes in downtown L.A. is set to spruce up the city’s Arts District with construction now officially on at the 905 East Second Street site. Developed by a joint venture between Lowe Enterprises, Megatoys and institutional investors advised by J.P. Morgan Asset Management, the building will replace two vacant warehouses at the address, currently being demolished.
R&D Property Trades Hands in Santa Clara; Last Milpitas Mervyns Completes Portfolio
As commercial development in Silicon Valley runs rampant with huge new projects, existing properties also continue to drive investor interest, recent deals show. Foster Enterprises recently acquired an R&D building in Santa Clara, while Shapell Properties completed the acquisition of the last vacant Mervyns store in Milpitas for a fee of $12 million.
Blackstone Buys Hughes Center in $347M Deal
One of larger real estate deals to grace the city of Las Vegas in recent years was confirmed by a number of outlets after reports that the Hughes Center had been sold flooded the media. The large office park was acquired by the Blackstone Group for a whopping $347 million, thereby single-handedly injecting the city’s office market with a good shot of adrenaline.
Developers Break Ground on Ambitious Spring District After Six Years in the Pipeline
One of the most high-profile development projects in the Puget Sound area is definitely Wright Runstad & Company’s ambitious Spring District. The intensely scrutinized transit-oriented urban neighborhood, as it has been called by its developers, recently held a groundbreaking ceremony at the Bellevue site. Mayor Conrad Lee as well as Wright Runstad President, Greg Johnson both held speeches regarding the importance of the project for the area after which guests were invited to roll up their sleeves and contribute to the demise of the first warehouse that is set to go down and make way for the Spring District.
New Mixed-Use Project Coming to Glendale, Bringing Residential Units to Growing Market
Yet another mixed-use development is popping up in the L.A. real estate market as Camden USA recently announced the groundbreaking of the Glendale Triangle project. The developer is bringing a brand new construction that will add new residential units to the Glendale submarket. According to the developers, the project will be aimed at Gen Y residents and will include a number of resident amenities to attract the young crowds to the Tri-Cities area.