Tampa Bay Business Journal: St. Petersburg apartments sell to California investors for $7.25 million

June 29, 2023

A boutique apartment building in St. Petersburg has sold for $7.25 million. Aqua 550, located at 550 50th Ave. N, sold to California-based private investors on June 19. The 40-unit complex has undergone a series of recent renovations. The sale price breaks down to $181,250 per unit. The site is approximately 1.23 acres. It was…

Franklin Street Arranges $12.3M Sale of Regional Shopping Center for Hendon Properties in Alabama

June 26, 2023

Significant buyer interest in properties with assumable financing options GADSDEN, AL (June 26, 2023) – Franklin Street has arranged the sale of Coosa Town Center, a 105-979-square-foot retail shopping center in Gadsden, Alabama, for $12.25 million, or approximately $115.59 per square foot. The property is shadow-anchored by Walmart. Franklin Street’s Atlanta-based Retail Investment Sales Team…

Traded: Franklin Street Arranges $7.3M Sale of CVS-Occupied Retail Property in South Florida

This Retail property, CVS, located in Florida was sold for $7,250,000.00, 3 months ago. The brokers of the deal were Greg Matus and Adam Tiktin. Read more about this deal here from Traded.

Traded: Franklin Street Arranges $5.5M Sale of Value-Add Medical Property in South Florida

This Office property, Sunrise Medical Center, located in Florida was sold for $5,500,000.00 25 days ago. The brokers of the deal were Greg Matus and Adam Tiktin. Read more about this deal here from Traded.

The Implications of Increased Debt Ceiling and Possible Rate Hike Pause on CRE Lending: A Comprehensive Analysis

June 22, 2023

By Dakota Brown, Senior Associate of Franklin Street’s Tampa-based Capital Advisory Team Following the Federal Open Markets Committee meeting held on Wednesday, June 14, the market saw its first pause on rate hikes since March 2022, holding interest rates at the highest they have been in the past 16 years. The Fed Funds Rate increased…