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.
Retail World Sees Ups and Downs as Target and Best Buy Have Different Agendas in the Bay Area
Two Bay Area Best Buy locations are about to close after the company announced plans to close 42 locations around the country.
Los Angeles Real Estate Maintains Buzz
The total value of the transaction was $21.5 million for the once foreclosed-upon properties.
SLC to Build Broadway-scale Performing Arts Venue after City Council Approves $18 Million Boost
A $100 million dollar feature is edging closer and closer to Salt Lake City’s downtown.
TRAX Extension Receives $116 Million from the Federal Transit Authority
By Alex Girda, Associate Editor
The Federal Transit Administration has agreed to grant $116 million to a Salt Lake City transportation project. The local community will benefit from a TRAX extension from Sandy to Draper, a project that according to federal official Peter Rogoff will provide “reliable and desirable transit” to the aforementioned communities. Rogoff, the […]
Plans for Convention Center-Area Hotels, Airport Renovation Advance
Set to be developed on a 3.26-acre site at the southwest corner of West 100 South and South 300 West, located in the immediate vicinity of the Energy Solutions Arena. Apart from the 19,000-seat sports arena, the development will also be near the Salt Lake Palace Convention Center and the city’s Temple Square, its largest tourist spot. Retail options in the area will be ensured via the large City Creek and Gateway retail centers, with a combined square footage of over 1.5 million square feet.
Providence Clearly a Fan of Parks as Master-Planned Community Unveils Second Public Spot
By Alex Girda, Associate Editor The Providence master-planned community situated in the northwest part of the valley has recently inaugurated its second park. The community, located at 10695 Dorrell Lane, has now unveiled two parks that will benefit area residents, with another one in the pipeline. The Providence developer, John Ritter was quoted by The […]
Price of Seattle waterfront building shoots up 374% in less than 3 years
Equity Residential made a huge profit on an old Seattle waterfront building, selling it this week for $32.5 million.
OliverMcMillan, Capri Capital Start 208-Unit M-F Project in East Village Arts District
A new residential community is set to take shape in San Diego’s East Village Arts District. The new project was announced by the partnership consisting of Capri Capital Partners and OliverMcMillan. The two real estate companies specialize in developing city-street-oriented projects and providing financing for urban housing developments respectively. The new multifamily development will be known as The Lofts at 688 13th Street. The construction process is set to last for around two years.
Stoltz Real Estate Partners Pays $51m for N. Las Vegas Community Center
Deer Springs Town Center is a 512,325-square foot retail center located at the intersection of the Interstate 215 Beltway and 5th Street. Developed in 2009, it stands on a 62-acre lot and is home to a number of big retail names such as Home Depot, Toys ‘R’ Us, Babies ‘R’ Us Ross Dress for Less, Target, PetSmart, Michaels and Staples. Not included in the deal were the 143,160 square feet occupied by retailer Target, the entity being the owner of the space. Other names featured on the complex’ tenant roster include AT&T, In-N-Out, Nevada Federal Credit Union and Verizon Wireless. At the time of the sale, Deer Springs Town Center’s occupancy rate stood at 86 percent.
Joint Venture Holds Feng Shui Groundbreaking Ceremony for Sunset District Development
A new residential community is set to debut later this year in San Francisco after a joint venture recently held a groundbreaking for its new housing development located in the Lake Merced area. The joint venture, consisting of Maracor Development and Comstock Homes, is constructing a suburban-style residential project known as Summit 800 in a submarket that hasn’t seen new housing for quite some time. The development will cater to homebuyers interested in new projects in the San Francisco Bay Area.