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.
Foreign Investor Purchases Portfolio of Nine Warehouses in $2.2M Deal
Doral 58th Street Warehouses, a portfolio comprised of nine warehouse properties was sold recently, as announced by Douglas Elliman. The $2.2 million transaction was negotiated by Douglas Elliman Commercial Division Associate while CCIM Miami District Director Mitash Kripalani represented the seller, 58 Street Warehouses LLC. A foreign investor acquired the complex; however, the buyer’s identity was not disclosed.
Market Snapshot: Orlando’s Office Vacancy Tightens
Orlando’s office vacancy is dropping.
Investor Acquires Triple-Net Leased Gas Station for $4.21M
Capizzi Family Trust, an investment firm from Downey, California, recently picked up the Circle K store and gas station at 3301 S 6th Avenue in Tucson for $4.21 million or $956 per square foot as a triple net investment. Tatyana Meulemans with Newmark Grubb Knight Frank in Phoenix represented the seller, the Deconcini Family Trust of Tucson.
Market Snapshot: Orlando Retail Sector Strong
Orlando is flexing its retail muscle, and for good reason.
Carter-Haston Takes Port Orange M-F Asset
A new, 306-unit luxury neighborhood located in Port Orange changed hands recently, CBRE Capital Markets announced.
Second Value Place Extended-Stay in Atlanta Opened
Value Place announced the grand opening of its second location in the greater-Atlanta metro area. The newly constructed 124-room extended-stay hotel is located at 2877 Dresden Drive in the Chamblee submarket; the event was held on Wednesday, April 1. This is the brand’s ninth facility in Georgia.
New Retail Center Coming Soon to Southeast Tucson
Retail options at the Rita Ranch master planned community in Tucson’s southeastern precinct will broaden in the near future as site work has recently begun on a new shopping and restaurant hub. The shopping complex is being built on a 17-acre parcel at the northwest corner of Houghton and Old Vail Roads, across from Houghton Towne Center and approximately 1.5 miles from Interstate 10.
Duke Realty Breaks Ground on First Building of Pembroke Pines Office Park
Construction works have recently started on a new four-story office building in Pembroke Pines, Duke Realty Corporation’s South Florida office announced.
New Hospital Opens in South Hall County
Northeast Georgia Health System announced the opening of a brand new South Hall County hospital. The 100-bed facility is located at 1400 River Place in Braselton, about 40 miles northeast of Atlanta.
Waterton Associates Picks up Baldwin Park-Area Community
The 212-unit Promenade Crossing garden-style apartment community changed hands recently, Waterton Associates, LLC announced. The acquisition marks the sixth addition to the Chicago-based real estate investor and operator’s Florida portfolio and it is their second property acquired this year.