The latest insights from franklin street experts
New Ownership Promises Exciting Opportunities for Development and Community Growth Franklin Street is excited to announce a major achievement in the multifamily real estate sector
September 30, 2021
Franklin Street has arranged the $13.6 million sale of Promenade Shoppes, a 39,650-square-foot shopping center in North Lauderdale. Adam Tiktin and Greg Matus of Franklin Street represented the seller, Arena North Lauderdale Shoppes LLC, in the disposition of the property to Zenix Properties LLC. Built in 2018, the center was fully occupied at the time…
Learn MoreSeptember 29, 2021
Redevelopment opportunities are growing across South Florida for developers and investors as a result of the June 24 condominium collapse in Surfside. As South Florida counties require more frequent inspections and earlier recertification for condominiums, and as some insurance companies increase rates for older condos after the collapse, developers, investors and residents are looking for other…
Learn MoreSeptember 28, 2021
With rising construction costs and delayed development timeframes, existing multifamily communities have been propelled to higher rent levels and therefore higher sale values. High-growth markets, such as Florida and really the entire Southeast, have been acutely affected due to a surge in population growth and absorption of new housing significantly outpacing new deliveries. Contracting markets…
Learn MoreSeptember 27, 2021
KEI Properties scooped up the Hialeah Medical Plaza for $7.7 million. The North Miami-based real estate investor and manager bought the office and retail property at 3750 West 16th Avenue from RG Property Group, according to a news release from the buyer’s broker. Adam Tiktin and Greg Matus of Franklin Street represented the KEI Properties…
Learn MoreSeptember 24, 2021
A proposed luxury Lake County shopping center along State Road 50 that failed to get developed during the Recession now is bouncing back due to an influx of new residents as Central Florida’s population booms. A pair of major national retailers — Seattle-based Costco Wholesale Corp. (Nasdaq: COST) and Atlanta-based Floor & Decor Holdings Inc. (NYSE: FND)…
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