Yield Pro: Franklin Street arranges $11.5 million sale of 57-unit multifamily property in North Miami

July 11, 2022

Franklin Street has arranged the sale of Northview Terrace, a 57-unit, 41,400-rentable-square-foot multifamily property in North Miami, Florida, for $11.5 million, or $201,754 per unit. Franklin Street’s South Florida Multifamily Investment Sales Team of Ryan Wold, Dan Dratch and Greg Matus arranged the transaction on behalf of both the buyer, MVP-57, LLC, and the seller, 1050 NW Havana LLP. Alec Laethem and Evan Seacat with…

Yield Pro: Franklin Street arranges sale, financing and insurance for 30-unit multifamily asset in South Florida

July 7, 2022

Franklin Street has arranged the sale of Jupiter Palms, a 30-unit, 18,872-square-foot multifamily property in Jupiter, Florida, for $5.8 million, or $307.37 per square foot. The property was 100 percent occupied at the time of sale, providing a fully stabilized, turn-key investment in one of South Florida’s most affluent and in-demand rental markets. Franklin Street’s South Florida…

South Florida Business Journal: As South Florida’s rental market cools down, is a correction on the way?

July 6, 2022

It’s no secret that the cost of multifamily housing in South Florida has skyrocketed over the past year, as rents jumped more than 20%. But the days of exorbitant rent hikes are soon coming to an end, industry insiders say. … For owners of existing apartment buildings, it’s rising mortgage rates and insurance premiums that…

Franklin Street Welcomes Joseph Etter as Senior Counsel

Franklin Street is pleased to introduce our new Senior Counsel, Joseph Etter! In this role, Joseph will guide the company’s overall legal framework, while advising the firm and its diverse lines of business in managing litigation risk, contract review and negotiation, and protecting the company’s corporate assets. Board Certified in Construction Law, Joseph brings valuable…

Franklin Street’s Evan Seacat Honored with 40 under 40 Award from South Florida Business Journal

Franklin Street is pleased to announce that our own Evan Seacat, Regional Managing Director in Fort Lauderdale, has received South Florida Business Journal’s prestigious “40 under 40” honor. The 40 under 40 program recognizes outstanding professionals under the age of 40 based in Miami-Dade, Broward and Palm Beach counties for their leadership, success in business…