Balazs Szekely
Balazs covers the workspace trends, tools, and strategies that help organizations make hybrid work actually work, from access and space management to keeping distributed teams connected. A journalist by training with a career spanning radio, print, and digital media, Balazs has held content roles across multiple Yardi products and teams. His writing has been featured in The New York Times, The Washington Post, and The Wall Street Journal, as well as on CBS, CNBC, and more. Outside of work, Balazs is passionate about photography, winter sports, and nature, and never misses a chance to explore a new city. Drop him a line via email.
HFF Lands Financing for Upscale Winter Garden Project
HFF has arranged financing for the Windermere Cay multifamily property in Winter Garden.
Local Group Buys 22,289 SF Downtown Parking Lot for $1.78M
A parking lot at the intersection of Broadway Boulevard and Stone Avenue in Tucson changed hands recently. Swain Chapman, Owner and Managing Member of Chapman Management Group sold the property to a team of Tucson-based investors. Art Wadlund of Hendricks & Partners and President Rob Caylor of Robert Caylor Construction Company acquired the 22,289-square-foot asset for $1.78 million, or $80 per square foot, according to Real Estate Daily News. As licensed real estate brokers, bothparties represented themselves in the transaction.
KBS Realty Closes on 189K SF Financial Center at the Gardens
Financial Center at the KBS Realty Advisors of Newport Beach, Calif. has picked up a 188,772 square-foot Class A office building from institutional investors advised by JP Morgan Asset Management.
New Dual-Branded Hotel Acquired by Carey Watermark Investors
The newly built Hilton Garden Inn and Homewood Suites in Midtown Atlanta was picked up recently by Carey Watermark Investors Inc., as announced by the buyer. The publicly registered REIT’s portfolio of lodging and lodging-related assets is managed by affiliates of W. P. Carey Inc. and Watermark Capital Partners. The select-service and extended-stay property includes a total of 228 guestrooms; the acquisition price was not disclosed.
Tucson Electric Power Seeking Contractor for Energy Storage Facility
Tucson Electric Power issued a request for proposals in which it seeks a developer to design and construct a utility-scale energy storage system. The RFP was issued on Friday, April 24 and stipulates that the 10 megawatt facility should be operational by the end of 2016. The future project partner would build and own the asset under a 10-year agreement – TEP provides the site for the project.
Integra Closes on Former Bank Atlantic HQ
The former Bank Atlantic headquarters has changed hands in the largest single-tenant vacant building sale in the Cypress Creek submarket in the last five years.
Concourse Corporate Center Picked Up by Stamford-Based Investor
The landmark Concourse Corporate Center was recently acquired by Building and Land Technology, the Stamford, Connecticut-based company announced. The property is located at Interstate 285 and Georgia State Route 400 in Atlanta’s Perimeter submarket, in close proximity to several MARTA stations.
Wood Partners Starts 12th Central Florida Project
Alta Eastmar Commons, a 312-unit multifamily community is underway, the developer, Wood Partners announced recently. The $41.9 million development breaks ground in late April at 159 Dean Road, Orlando. To date, the developer has built around 3,000 units in the area since 2001 and this will be the 12th Wood Partners apartment community in Central Florida.
Market Snapshot: Orlando’s Robust Employment Keeps Multi-Family Afloat
The apartment sector in Orlando is still in an upswing after more than a half a decade of economic recovery.
New KB Home Community Selling in Tucson at Prices from $192,000-$243,000
A new neighborhood in southeast Tucson, La Cima Esplendora has launched sales recently, as announced by KB Homes.