Micro captive insurance can help companies save

March 27, 2015

For decades, Fortune 1500 companies have set up captive insurance companies to protect themselves from various risks. Now, middle-market companies with between $10 million and $100 million in gross annual revenue are realizing that they, too, can self-insure using what’s called a micro captive. It’s never been easier or cheaper to self-insure as more states vie for the domicile business, offering competitive taxes on premiums and lower setup fees. More than 30 states now allow micro captives, the most popular being Vermont, Delaware and South Carolina. Florida recently passed its own captive legislation.

Franklin Street Arranges Sale of Jacksonville Shopping Center

Franklin Street Real Estate Services has arranged the $1.1 million sale of Lem Turner Shopping Center, a Walmart- and The Home Depot- anchored shopping center located at 3200 Armsdale Road in northwest Jacksonville. Jonathan Graber, Rafeal Wright and Nicolas Prevolos of Franklin Street Real Estate Services represented the seller, a national investment firm based in the Midwest, in the transaction. The buyer, also a national investment firm based in the Midwest, plans to make capital improvements to the property, which is currently 50 percent leased.

Briefcase: Franklin Street Real Estate Services

Franklin Street Real Estate Services managed the $7.4 million purchase of a single-tenant office building at 9480 S. Dixie Highway in Pinecrest for Miami Har. www.franklinst.com

People on the Move: Darlene Burgess

Darlene Burgess

Date added: June 27, 2014

Submission Type: New Hire

Current employer: Franklin Street

Current title/position: Administrative Support Associate

Industry: Commercial Real Estate

Position level: Administrative Professional

Commercial real estate market sees more steady improvement

The commercial real estate market in Atlanta continues steady improvement in the first half of 2014.