South Florida Business News in Brief for the week of Jan. 18

January 16, 2019

Franklin Street arranged the $5.5 million sale of two two-story apartment buildings totaling 41 units in downtown Hollywood to Aspring. www.franklinst.com.

Franklin Street Expands Retail Investment Sales Team in Fort Lauderdale

January 14, 2019

Mark Behling has joined Franklin Street as a retail investment sales senior associate.

How to Fight Rising Retail Construction Costs

Franklin Street’s Cary Beale and Nick Sanfilippo reveal how retailers and developers can reduce costs.

People on the move: Real Estate, Property Management

Franklin Street announced that Joe Rubin has joined the company’s Multifamily Investment Sales division as director, Fort Lauderdale. Rubin was director of acquisitions for American Landmark Apartments. He also held commercial real estate investment sales roles with Ocwen Financial Corp. and Marcus & Millichap.

St. Petersburg apartment building sells for near record $107 million

January 11, 2019

The eight-story, two-year-old building at First Avenue S and Seventh Street in the city’s thriving Edge District was purchased by Dedicated Hermitage LP, which has a Toronto, Canada, address.