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.
Landwell, D.R. Horton Launch Residential Projects
The company would build around 1,400 residential units, part of the initial phase of the project, occupying 320 acres of land in the vicinity of the ambitious Union Village health care-focused project. Entering development under the name of Cadence, the community will feature a neighborhood park, a retail complex as well as some office space, according to Landwell company officials.
SKECHERS Distribution Center Becomes Largest US LEED Gold Building
The company is committed to growing its business in a way that conserves natural resources, protects the environment and reduces waste, therefore the development process was green-minded from the start.
Canadian REIT Expands Retail Portfolio with Four-Property Acquisition in Alberta
Crombie Real Estate Investment Trust plans to add four retail plaza properties to its current commercial portfolio in the Alberta area by the end of the month.
Microsoft Strengthens Retail and Office Presence in Westside Tech Submarket
By Alex Girda, Associate Editor As Microsoft continues its steady expansion into the retail world, the company is also gaining a stronger footing in major tech hubs. With upcoming real estate deals the Redmond, WA-based tech giant has lined up, … Continue reading →
Hotel Durant Acquired by Gemstone Hotels & Resorts in $27M Deal
The 144-key hotel is located 2600 Durant Dr., in the immediate proximity of the University of California Berkeley campus. The boutique hotel offers a great location, within walking distance of Cal Bears Stadium and the Lawrence Hall of Science. The in-room amenities include high thread-count linens, hypo-allergenic pillows, ceiling fans and black-out shades, iPod docking stations, organic robes and laptop safes. Additionally, graduate floor rooms benefit from a concierge-style service with daily complimentary breakfast servings and wine hour events.
Downtown Seattle Real Estate Market Set for Two New Deals
The Logan Building offers tenants 108,000 square feet of office space in the city’s downtown area. With a strong occupancy rate of around 93 percent, major names currently residing at the five-decade-old building include the Downtown Seattle Association, as well as retailers Butch Blum and Specialty’s Café & Bakery. The Pike Place public market includes retailers such as Cinnamon Works, Crepe de France, Hands of the World, Johnson Berry Farm, Marakesh Leather and The Great Wind-Up. The anchor tenant is Pike Brewing Co.
Doing Family Markets 42 Acres of Searchlight, a Small Mining Town With a Colorful Past
The number of available lots in the offering sits in the high 20s, with a series of intriguing properties set to catch the attention of both those interested and trivia enthusiasts. The town of Searchlight, home of former Senate Majority Leader and current senior Senator of Nevada Harry Reid, has had its fair share of history. Considered at one point to become the county seat of the newly formed Clark County at the turn of the 20th century, Searchlight is a little mining town built on the success of a gold vein. The 21-room El Rey Motel was formerly a brothel that constituted the main venue used by workers laboring at the Hoover Dam.
Boston Properties Acquires In-Development High-Rise in South Financial Submarket, Sets Sights on Mixed-Use Opportunity in Virginia
535 Mission Street is a project for a 27-story building, with a massive height of 378 feet. The building will offer 307,000 square feet of leasable Class A office and retail space in a LEED Gold certified environment. The property is set to cater to tech tenants looking to relocate or expand in the booming tech-oriented office market of the San Francisco Bay area. Design-wise the building will feature a glass front, column free floor plates and will offer residents views of San Francisco and the neighboring bay. The development process could take the company’s overall investment in the office property to around $215 million, a recently issued company statement shows. A completion date is set for the fall of 2014.
Schnitzer West Raises Funds Through Office Sale for Speculative Industrial, Office Development
Seven office buildings, part of Schnitzer West’s portfolio recently traded for $25.8 million, to Eastside investor Stan Rosen. The assets are located in Bothell, in the North Creek office campus. The deal was made for a 126,000-square foot campus, and Tech Center II, an office building totaling 31,000 square feet of office space. Speculations explain the deals as fundraising for Schnitzer’s two major office developments in the greater Seattle area: Madison Centre and a Bellevue project.
Veer Towers Units Hit Market, Beef Up City’s High-Rise Condo Inventory
Veer Towers is a LEED Gold certified, twin-tower, 37-story development planned to be the centerpiece of MGM International’s gargantuan CityCenter development on the Las Vegas Strip. The 480-foot towers were built leaning against each other at a five degree angle, following a design by renowned architect Helmut Jahn. Each tower houses 337 luxury condo units offering surfaces between 500 and 1,500 square feet. Each of the two towers has an amenity-packed top floor including spa, fitness center, cabanas and an outdoor patio.