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.
Banco do Brasil Americas Adds 3 New Branches in SoFla
Miami-based Banco do Brasil Americas has signed leases for three new South Florida branches. The offices are located in Lighthouse Point, Aventura and one that is already in use in Doral. Senior Vice President Luciana Carvalho of Blanca Commercial Real Estate finalized the lease transactions with Banco do Brasil Americas. Financial terms of the agreements were not disclosed.
Tucson International Airport begins $15M-$20M Terminal Upgrade
The Tucson Airport Authority has selected Sundt Construction, Inc. as construction manager at risk for a terminal optimization program at the Tucson International Airport. The project is expected to begin in late 2015 and the construction cost is budgeted at $18-23 million.
Cardinal Point Buys Orlando Asset
A 42,277-square-foot Class A office property located at 7208 W. Sand Lake Road in Orlando was recently acquired by Cardinal Point Management, LLC, a Tampa Bay investment and property management firm. CBRE’s Ronald J. Rogg and Edward Wooten arranged the sale of the three-story building and represented the seller, a Highwoods Properties affiliate in the transaction. The acquisition price was not disclosed.
Lawrenceville MF Asset Changes Hands for $58.3M
Madison at River Sound was recently sold to Los Angeles-based Investors Management Group for $58.3 million. The new owner of the community is a private real estate investment firm focusing exclusively on the multifamily sector. Investors Management Group specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation.
Two Arizona Architects Selected to Design New Banner Health Facility
Following its merger with the University of Arizona Health Network in late February, Banner Health has tapped two Arizona architecture firms to design its new hospital in Tucson.
Market Snapshot: Miami’s in Demand
There’s a new demand for industrial space in the Miami-Dade area.
Coral Landings III Grocery-Anchored Center Sells for $33.7M
Coral Landings III a 176,575-square-foot, grocery-anchored retail center between Coral Springs and Margate has recently been sold, HFF announced. The company marketed the asset on behalf of the Fort Lauderdale-based seller, Stiles Corporation. Madison Marquette Realty Services purchased the retail complex for $33.7 million, free and clear of existing debt. The investment sales team was led by Senior Managing Director Danny Finkle, Managing Director Luis Castillo, Associate Director Nat Scarmazzi and Director Analyst Kim Flores.
Minto Moves Forward on Luxury Development
Construction is progressing on Festival, Minto Communities’ latest residential development in the Champions Gate area in Orlando. Five luxury vacation villa models are scheduled for completion in early April 2015. Founded in 1955, Minto is a Canada-based family-owned business with more than 70,000 homes built including more than 20,000 in Florida in 43 communities throughout the state.
Church Turns Into Multi-Tenant Retail Development
The relocation of the Christian Faith Fellowship Church to North Country Club Drive opened up a redevelopment opportunity at the religious organization’s former location at 5601 E. Broadway Boulevard. A local developer under the entity Broadway Festival, LLC picked up the two-acre property and marked it out for a multi-tenant retail project with three freestanding pads, one of which has already secured its first tenant.
Associated Estates Realty Corporation Acquires Luxury Apartment Community
The recently completed 1160 Hammond luxury rental community was picked up by Associated Estates Realty Corporation, the Ohio-based company announced in a press release. The multifamily property is located in the Sandy Springs/Perimeter submarket of Atlanta, within walking distance of the Sandy Springs MARTA station along with 29 million square feet of offices and retail options including the Perimeter Mall.