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.
MidCity Plaza Undergoes Renovation, Upgrades to Class A
MidCity Real Estate Partners started a $7 million improvement project at MidCity Plaza that will soon convert the building into a Class A office property, DTZ announced recently. MidCity Real Estate Partners purchased the 63,049 square-foot asset, formerly known as the Crawford & Co. headquarters, in 2013 and DTZ is the company assigned to market the property with agents Glenn Kolker and Preston Menning in charge of leasing.
Santé Operations to Build Its First, Acute Care, Facility in Tucson
Santé Operations has recently announced its plans to construct a new transitional rehabilitation center in Tucson
Buyer of Rosemont North Asset Gets $8.4M Fannie Mae Loan
Florida Value Partners, a Florida-based single asset entity has received an $8.42 million Fannie Mae loan facility for the acquisition of The Park at Vittoria, an Orlando multifamily property previously known as Waterstone Apartments. The loan term is seven years with two years interest only, amortization based on a 30 year schedule, and 80% loan-to-value. Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc. provided the financing.
Integra Announces Health-Oriented Mixed-Use Development for Aventura
Miami-based Integra Investments has recently announced plans for Aventura ParkSquare, a mixed-use development engineered with healthy living and wellness in mind. Zyscovich Architects is in charge of the design, the company behind projects like Bayfront Park and the Lincoln Road Cinema & Retail Complex. The property will be the first of its kind in the suburban city, intended to serve as an important gathering place for social interaction while offering an array of health-oriented features.
Hilton Expands Extended-Stay Footprint, Renovates Madison House into Home2 Suites Hotel
Hilton has announced a $13 million adaptive reuse project of the building known by the name of the Madison House, The Walton, Walton Building, etc. as part of an expansion process involving nearly 20 U.S. downtown locations. The hospitality giant plans to convert the building into Atlanta’s first Home2 Suites-branded extended stay hotel and expects it to open in August 2015.
Lingerfelt Picks Up 2 Fairfield Inns
The 170-key Fairfield Inn & Suites by Marriott Orlando Lake Buena Vista and the 139-key Fairfield Inn by Marriott Orlando Airport changed hands, following Lingerfelt CommonWealth Partners’ recent portfolio acquisition.
Colony Realty Partners Snaps Up High-End M-F Property
The 300-unit Art Avenue Apartment Homes community located at 10201 Lee Vista Boulevard changed hands recently, according to CBRE. The Orlando luxury apartment property was sold to an undisclosed firm for $47.05 million.
INTERNATIONAL: CH2M HILL Consortium, Mace in Charge of Program Management at DWTC’s Jebel Ali Project
The bidding process is over, and the winners are a U.S. company and a U.K. company joint venture, which will oversee all real estate and construction delivery-related program management services for the Dubai Trade Centre Jebel Ali development.
Adaptive Reuse of the FLATS at Ponce City Market Nearing Completion
The adaptive reuse project including historic renovations of the formally named Sears, Roebuck & Company building is nearing completion. The landmark’s uppermost seven floors at the east and west wings were affected mostly, creating the new FLATS at Ponce City Market. Stevens & Wilkinson was in charge of the new design – the company is a full-service commercial architecture, engineering and interior design firm based in Atlanta and Columbia, S.C., New York-based Fogarty Finger contributed to the interior design.
Mixed-Use Center Signs Lease with Tropical Smoothie Café for 10 Years
The two-building Gateway Plaza at Doral is currently underway.