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
August 13, 2021
By Andrew Wright, CEO & Managing Partner Halfway through 2021, Florida has proven exceptionally resilient in the aftermath of COVID-19. Although the year began with some uncertainty, all signs now point toward a full recovery by the end of the year. Moving forward, we remain extremely bullish on Florida’s economy and commercial real estate market….
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Franklin Street has arranged the sale of Central Park Apartments, a value-add, workforce housing community in Riverdale, Georgia, a fast-growing submarket just south of Atlanta. The 90-unit asset sold $8,640,000, achieving record pricing for 1970s-built multifamily product in Clayton County. Jake Reid and Chad DeFoor, with Franklin Street’s Atlanta Multifamily Investment Sales Team, represented the seller,…
Learn MoreAugust 11, 2021
MIAMI (August 11, 2021) — Franklin Street has arranged the sale of a 1.87-acre vacant site ripe for development at 3900 W. Hallandale Beach Blvd. in Pembroke Park, Florida. KEI Acquisitions LLC acquired the site from Aspen Nursery, LLC, also known as Aspen Nursery, LLC & Canal Street, LLC, for $2.8 million. Adam J. Tiktin…
Learn MoreAugust 10, 2021
ZMR Capital has paid $65 million to NorthEnd Equities for Hanley Place, a 400-unit multifamily property in Tampa, Fla. CBRE represented both parties. The property last changed hands in 2018, when NorthEnd purchased it from Axionic Properties for $42.2 million, according to Yardi Matrix. ZMR Capital plans to invest in extensive updates and capital improvements…
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Franklin Street is pleased to congratulate Laura Gonzales on receiving Jacksonville Business Journal’s 2021 “Women of Influence” award. This highly coveted honor recognizes “21 women who through their work, words and accomplishments serve as inspirational and influential leaders on the First Coast.” Laura, who serves as Regional Managing Director of our Jacksonville office, embodies what…
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