Connect CRE: Franklin Street Arranges $7M Sale of Fort Lauderdale Apartments

September 3, 2021

Franklin Street has arranged the $7 million sale of Terra Palm Aire, a 22-unit luxury apartment community in northwest Fort Lauderdale. The property is located at 3050 NW 68th St. and was completed in 2020. In 2021, the property achieved full lease up with an average rent of $1,890 per month. The property consists of…

Franklin Street’s Michael Shadeed Honored with ’40 Under 40′ Award from Tampa Bay Business Journal

September 2, 2021

Franklin Street is excited to announce that our own Michael Shadeed, Senior Director of Insurance Services, has received Tampa Bay Business Journal’s prestigious “40 under 40” honor. Michael, who has been with Franklin Street since 2010, has become a leader within our firm, consistently ranking as a top producer. As a leader with Franklin Street…

Distressed Asset Essentials Part 2: Improving Value and Making Your Exit

August 30, 2021

By Westcott Toole, Senior Regional Manager, Property Management As a lender, it can be burdensome to assume control of distressed commercial real estate assets that go into foreclosure. Many of these assets come with significant deferred maintenance, challenging tenants and financial and operational deficiencies that are now suddenly your responsibility. However, when working with an…

Franklin Street’s Ricky Ostrofsky Promoted to Director of Retail in Jacksonville

JACKSONVILLE, FL (August 30, 2021) – Franklin Street is pleased to announce Ricky Ostrofsky, an accomplished retail leasing specialist in our Jacksonville office, has been promoted to Director of Retail Services. Ostrofsky, who joined Franklin Street in 2016, focuses on representing landlords of retail properties throughout North Florida in their leasing needs. He helps manage…

Franklin Street Arranges Acquisition of Luxury New Construction Apartment Community in Fort Lauderdale

Terra Equity Group acquired the asset from Defined Companies FORT LAUDERDALE, FL (August 30, 2021) — Franklin Street has arranged the acquisition of a 22-unit luxury apartment community in northwest Fort Lauderdale for $7 million, or approximately $318,181 per unit. The Class A property, at 3050 NW 68th St., was completed in 2020 and completed…