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.
Salesforce’s 80,000 SF Lease May Not Be its Last of 2012
By Alex Girda, Associate Editor When it announced plans for a 14-acre headquarters campus in Mission Bay, a move that followed a 400,000 square-foot lease at 50 Fremont St., Salesforce immediately became the talk of the the local real estate market. But once the software company surprised the city by announcing that it was putting the plans for […]
Allstate’s 66,000 SF Lease in Tempe Offers Rare Bright Spot
By Alex Girda, Associate Editor In one of the area’s largest office leases this year, Allstate Insurance Co. inked a 66,000-square-foot deal at Tempe Gateway. Located in Tempe’s Mill Avenue District, the eight-story, 260,000-square-foot building facility has been owned since 2010 by Seattle-based Vulcan Real Estate. Allstate’s commitment means that Tempe Gateway is now 64 […]
Cordish, Giants Detail $1.6B Waterfront Plan Near AT&T Park
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor A 27-acre parcel near AT&T Park is the proposed site of a sports-anchored $1.6 billion waterfront plan that would be among the nation’s largest urban mixed-use developments. The Cordish Cos. is teaming up with the San Francisco Giants on the 3.5 millon-square-foot office, retail and residential complex. Dubbed […]
Financial Distress Relieved, Smith Tower Seeks To Build Occupancy
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Closing a chapter of financial distress for Seattle’s first high-rise office building, the Smith Tower has come under ownership of CBRE Capital Partners. The firm was the sole bidder for the century-old building and offered $36.8 million at a King County foreclosure auction last month, the […]
Makeovers at Golden Gate, The D Play Downtown’s Nostalgia Card
By Alex Girda, Associate Editor
For decades, the glamorous mega-resorts of the Las Vegas Strip have often seemed to elbow aside the earlier generations of hotels, casinos and attractions of the city’s Downtown. But the birthplace of the city’s hospitality and gaming industries continues to push back, betting that a growing number of Las Vegas visitors will welcome […]
As Merger Looms, Harbor Properties Sells Two Multi-Family Assets to AREA for $41M
By Alex Girda, Associate Editor
Harbor Properties, Inc. has closed the sale of two multi-family complexes to affiliates of AREA Property Partners, the Seattle Times reported. AREA paid $40.9 million for the Mural apartment complex in West Seattle as well as with the Greenhouse complex in Columbia City.
The 136-unit, seven-story Mural (pictured) includes amenities such as […]
Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow
By Alex Girda, Associate Editor
For the past several years, Las Vegas has struggled to reclaim its customary investment and development vigor. The city’s newest megaproject is neither a hotel nor a casino, but a quirky $470 million venue for dance, theater, classical music and jazz.
In an area where entertainment is synonymous with glitzy spectacles, the new […]
Vulcan Moves Ahead on Cascade, South Lake Union Projects
By Alex Girda, Associate Editor
Making the latest additions to its prolific Seattle development portfolio, Vulcan Real Estate recently kicked off construction of two major residential projects and the conversion of an historic building.
Last month Vulcan broke ground on Stack House (pictured below), a 278-unit residential complex that will occupy an entire block in the Cascade neighborhood. Named […]
USAA Picks Moreno Valley for 500,000-SF Distribution Center
By Alex Girda, Associate Editor Seeking to capitalize on the Inland Empire’s robust growth, USAA Real Estate Co. recently acquired a 26-acre site in Moreno Valley for a 522,722-square-foot distribution center. USAA did not immediately disclose details about prospective tenants or a construction schedule for the property, dubbed Centerpointe Logistics Center, but it referred to plans for “immediate […]
Sky Harbor Goes Solar; Spring Debut Set for Affordable Complex
The sun shines on Phoenix about 310 days every year, and Sky Harbor International Airport is the latest location to turn the rays into electric power. A recently completed installation of 16,000 photovoltaic panels (pictured below) will yield 5.4 megawatts—enough to meet 51 percent of the airport’s energy needs, the Arizona […]