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.
Pebblebrook Buys Boutique Hotels in Seattle, Portland
By Alex Girda, Associate Editor Pebblebrook Hotel Trust has secured two of the Northwest’s prime boutique properties: The Hotel Vintage Park Seattle and the Hotel Vintage Plaza Portland, which are located in Seattle’s downtown financial center and Portland’s downtown respectively. The REIT paid $63 million for the properties. The 124-key Hotel Vintage Park Seattle is […]
Angelo, Gordon and Slavin Pay $43M for Multi-Family Asset
By Alex Girda, Associate Editor In a $42.5 million deal, Angelo, Gordon & Co. L.P. and its partner, Slavin Multifamily Advisors LLC, have acquired Villa Salerno Apartments in Northeast Phoenix from an affiliate of Colony Realty Partners, the Phoenix Business Journal reported. Constructed in 1996 by Mark-Taylor Development, the 412-unit Villa Salerno complex had been […]
Regency Plans 280,000 SF Retail Center for Issaquah
By Alex Girda, Associate Editor Issaquah Highlands, a master-planned community east of Downtown Seattle, will get a 280,000-square-foot grocery-anchored shopping center. Regency Centers will develop Grand Ridge Plaza on a vacant 25-acre parcel situated in the heart of the development. Regency’s forthcoming development will be anchored by Safeway, which will occupy 44,543 square feet. A […]
Lincoln Inks 164,000 SF of Leases at Mesa Business Park
By Alex Girda, Associate Editor Lincoln Property Co. recently completed 164,000 square feet in new leases and renewals at its Broadway 101 Commerce Park in Mesa. The firm has completed a new deal with PODS, an international moving and storage company, for 67,949 square feet at the complex at 2160 West Broadway Road. PODS will be […]
Hotel Palomar Opens, Boosts Downtown Convention Market
By Alex Girda, Associate Editor The two-block CityScape development has been completed with the grand opening of the $90 million Hotel Palomar Phoenix. Developed by RED Development and operated by Kimpton Hotels & Restaurants, the 242-key boutique hotel is part of the retail and office development at Central Avenue and Jefferson Street. Hotel capacity in […]
Agoura Hills Retail, L.A. Office Complex Draw Investors
By Alex Girda, Associate Editor A recently completed Agoura Hills retail complex developed and owned by Adler Realty Investments was recently snapped up by Walnut Creek-based Loja Group for $21.3 million, or $588 per square foot. The transaction was arranged by May Realty Advisors, rentv.com reported. The center’s 36,200 square feet are fully leased. Tenants […]
Investors Take Koreatown, Mid-Wilshire Apartment Complexes
By Alex Girda, Associate Editor Even if blockbuster investment sales are relatively rare in Los Angeles these days, a steady stream of small- and mid-size multi-family trades are picking up some of the slack. A pair of properties that recently changed hands in the Wilshire District and Koreatown offer two of the latest examples. Ardmore Court (pictured), […]
As Strip Development Struggles, Downtown Mounts a Comeback
By Alex Girda, Associate Editor With development on the Las Vegas Strip consisting mostly of makeovers these days, the market is struggling to find its groove. In a dramatic switch from the past several decades, the center of gravity for development appears to be migrating from the Strip to Downtown, where hotels, casinos, and multi-family projects are […]
Fairmont Sells to Oaktree and Woodbridge JV for $200M
By Alex Girda, Associate Editor The Fairmont Hotel, a Beaux Arts landmark that has hosted presidents, foreign heads of state and celebrites since its 1907 debut, has come under the ownership of Oaktree Capital Management L.P. and Michael Rosenfeld’s Woodbridge Capital Partners L.L.C. The joint venture acquired the 591-key property from Maritz, Wolff & Co. […]
Seeking Edge, Riviera Takes Bingo Business Digital
By Alex Girda, Associate Editor It’s no secret that many Las Vegas resorts and casinos have seen better days, but some venerable properties have found life particularly challenging Tin the wake of the Great Recession. The iconic Riviera Hotel & Casino is a Strip mainstay, but delays in developing the Fontainebleau and Echelon Place projects, along […]