St. Petersburg’s Fusion 1560 sells for $81.1 million in mega apartment deal

August 24, 2018

Franklin Street’s Darron Kattan, managing director of multifamily investment sales, discusses the $81.1 million sale of Fusion 1560, a 325-unit complex in St. Petersburg, Florida.

Tampa apartments sold for $31 million in quick value-add flip

River View Apartments has been sold for $31 million or $104,729 per unit to River View Apartments LLC, which is tied to Radwan Nassri. The seller, New York-based River View Tampa LLC, paid $23.4 million in 2017. Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Tampa-based Franklin Street represented both the buyer and the seller in the transaction. Franklin Street’s Lonnie Kitchen provided insurance services for the property.

South Florida Business News in Brief for the week of Aug. 24

August 23, 2018

Franklin Street arranged the $2.5 million sale of Waters Edge Apartments, a 16-unit rental community at 550 N.E. 20th St. in Wilton Manors.

Tampa Asset Commands $31M

Franklin Street arranged the sale of River View Apartments from River View Tampa. The community includes 296 units.

Unicorp envisions $200M in new shops, restaurants, homes in beachside community near Latitude Margaritaville

Terrence Hart, a senior director with Franklin Street in Orlando, is representing Consolidated-Tomoka on part of the land sale of a roughly 150-acre site in Daytona Beach’s fast-developing area of Interstate 95 and LPGA Boulevard.