Student Housing Developer Transforming Tampa MF Site

March 27, 2015

TAMPA, FL—Student housing is in demand in Tampa and developers are finding more than one way to tap into the need. A two-story multifamily building just sold to a developer who plans to transform the asset into student housing.

Miami Today People

Franklin Street Insurance Services has added Andrew Kiernan as director of captive services.

Brokerage revival in Florida real estate

The recovery of commercial real estate in Florida has seen a revival in firm-building. Franklin Street, a Tampa-based commercial real estate services firm, started in 2006 and now is up to 200 employees in four main offices in Tampa, Miami, Jacksonville and Atlanta. It’s expanding into Nashville, Kentucky and Dallas. Its model, in addition to the standard leasing, sales and management services, also offers financing and insurance. “It’s been pretty powerful,” says CEO Andrew Wright. “We’ve fortunately had a lot of success.”

ICSC Coverage: Retailers Modify Store

ATLANTA — If attendance at the International Council of Shopping Centers (ICSC) Southeast Conference is any indication of how the retail market is performing, things are looking up. This year’s conference, held Oct. 28 – Oct. 30 in Atlanta, attracted more than 2,500 attendees, up 9 percent from last year.

Tampa Bay’s commercial real estate market

Retail center owners and alternative users have found common ground. Owners want tenants whose businesses don’t conflict with those of existing tenants, generate traffic for existing tenants and fill space. Charter schools and quick-care medical operations, orthopedic offices and other medical specialties, in which proximity to the patient matters more than proximity to a hospital, want locations near consumers. “It’s a great backfill use,” says Andrew Wright, CEO of commercial real estate firm Franklin Street