REBusiness Online: Franklin Street Arranges $16M Sale of Shopping Center in Gulf Shores, Alabama

October 19, 2021

GULF SHORES, AL. — Franklin Street has arranged the sale of Pelican Place at Craft Farms, a 220,372-square-foot shopping center in Gulf Shores. Bryan Belk and John Tennant of Franklin Street’s Atlanta-based Retail Investment Sales Team represented the seller, an affiliate of RCG Ventures, in the transaction. Atlanta-based Octave Holdings purchased the property for $16…

South Florida Business Journal: Crackdown on unsafe structures a growing issue for apartment owners in wake of Surfside condo collapse

October 18, 2021

The fallout from the collapse of the Champlain Towers South in Surfside has spilled over into the apartment sector, as building inspectors crack down on rental properties for unsafe structures violations. The June 24 collapse of the condominium killed 98 people and, while investigators haven’t determined the cause of the building’s sudden failure, it has…

AL.com: Gulf Shores shopping center sells for $16 million

A Gulf Shores shopping center has sold to an Atlanta-based buyer. Pelican Place at Craft Farms, a 220,372-square-foot lifestyle center, has sold for $16 million. Franklin Street’s Bryan Belk and John Tennant, with the firm’s Atlanta-based Retail Investment Sales Team, represented the seller, an affiliate of RCG Ventures, in the deal. Octave Holdings, a real…

Franklin Street’s Andrew Wright Honored as one of Florida’s Most Influential Business Leaders – Florida 500

October 14, 2021

Franklin Street’s Andrew Wright, CEO & Managing Partner, has been named one of Florida’s most influential business leaders by Florida Trend Magazine, which publishes the annual “Florida 500” list. This prestigious honor recognizes leaders spanning across more than 60 business categories throughout the state. According to Florida Trend, the editorial selection of the 500 executives named to…

Ask the Expert: How Has the Rising Cost of Construction Materials Impacted Insurance for Commercial Property Owners?

October 13, 2021

The rising costs of construction materials is creating serious concerns for Commercial Property Owners within the property insurance market. The main driver of increasing costs stems from the Covid-19 pandemic, which has affected the market supply of building materials thereby causing a shortage of materials, extended time to obtain materials, and the overall increases in…