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.
First Hill Residential Tower Gets Approval from City’s East Design Review Board
The frantic pace of development that Seattle is witnessing in its multifamily sector is set to see another spike after news recently hit regarding a brand new residential tower project on First Hill. According to the Department of Planning and Development’s website, an application was accepted for a multifamily project at 800 Columbia Street. The developer for the intriguing project is Alecta, a European pension fund that currently has no less than three different multifamily developments in the pipeline for Seattle.
Silicon Valley Residential Market Sees Activity From Investors and Developers Alike
As the area’s office sector is set to greatly benefit from the fact that Silicon Valley is currently regarded as the most tech-friendly real estate market in the entire country, investors are taking some time to focus on an impending housing rise. Therefore, transactions and new development projects should pour in over the following timeframe as the area looks to fulfill its obvious potential.
Utah State University Expands With New Athletics Facility, Extension to Its Business School
Utah State University has had a full summer, with development projects to expand the institution’s facilities breaking ground for a total of around $50 million. Earlier this summer, USU held a ground-breaking ceremony for a new, $9.5 million athletics facility, dubbed the Estes Center. With the prospect of a brand new basketball practice facility and volleyball competition venue, the university has recently announced another groundbreaking ceremony for a new extension to its Jon M. Huntsman School of Business.
Daly Sets Sights on Seven-Month Modular Construction for ‘N’ Habit
One of the hottest trends in building now is the use of prefabricated elements, banking on the effectiveness the medium offers. One of the first Seattle developers to jump on that bandwagon was Daly Partners. Normally, a mid-rise apartment community project rising in Seattle’s Belltown neighborhood would take around a year construction-wise, but contractor Charter Construction has set itself a seven-month deadline.
San Francisco Bay Area Submarkets Lead Nation in Terms of Tech Appeal, JLL Study Shows
Most of the coverage that the San Francisco Bay Area receives real estate-wise is tightly knit to the area’s office real estate market. And now, according to real estate company Jones Lang LaSalle, we have the main reason. The San Francisco Bay Area’s three markets: San Francisco, Silicon Valley and San Francisco Peninsula, in that order, have ranked first, second and third as the top three tech markets of the country as per JLL’s U.S. High-Technology Office Outlook for 2013.
Inspirada Wins Approval for Project Changes, Unveils Park Plans
The Henderson City Council has thrown Inspirada Builders LLC a lifeline in the form of a new project to develop a total of 30 acres of parks, at its southwest Henderson housing project. The massive housing development has been struggling for a while now, and the developer recently had an important modification approved by local authorities. According to The Las Vegas Review-Journal, the development is currently attempting a bounce-back from bankruptcy, and the recently approved amendment to the plan will help improve the state of the 1,600-acre housing project.
County Rejects Bid for Tavaci Rezoning; McKay-Dee Hospital Kicks Off Expansion
The Salt Lake County Council has recently dealt another serious blow to real estate developer Terry Diehl’s ambitions as it voted 4-3 against the request to change the zoning on the Tavaci property. For a while now, the developer has voiced his intentions to develop larger buildings than originally planned at the site he owns near Big Cottonwood Canyon. With the new targeted height for development set at 100 feet, the community reacted, and according to examiner.com, a number of members of the public took to the stand and testified for around three hours against the rezoning plan.
Yet Another Milpitas Multifamily Project Set to Take Shape as Silicon Valley Ramps up Housing
The rise of Silicon Valley has been a long process, and now the incentive is there for housing to fulfill the expectations of hordes of young professionals looking to relocate to the area as Google, Apple and a myriad of other tech companies continue their expansion. One of the cities in the Silicon Valley area is Milpitas, home of companies such as Maxtor, Adaptec, Cisco Systems and SanDisk.
Chinese Developer Breaks Ground on World’s Tallest Building, Despite Skepticism Surrounding Project
One of the more puzzling high-profile development projects in recent years is reportedly still on track after China Broad Group held a groundbreaking event for its world’s tallest building plan.
New Multifamily Development in The Mission Trades Hands Only Days After Opening
By Alex Girda, Associate Editor Avant Housing’s newly opened apartment community was sold just days after its official opening. The company’s new Vara development was purchased by global commercial real estate investor, Behringer Harvard. Avant Housing was represented during the sale by Moran Co. representatives Brett Betzler and Mary Ann King. The buyer managed to […]