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
July 22, 2022
Franklin Street is pleased to congratulate Ryan Cassidy, Evan Seacat, Garet Marr and Michael Shadeed, on being named Insurance Business America’s 2022 Top Producers! This prestigious award recognizes top producers in the U.S. who earned at least $1 million in commission revenue in 2021, comprising 50% commercial P&C business, and with year-over-year growth from 2020….
Learn MoreJuly 15, 2022
The East River Living apartment complex in the Little Havana neighborhood of Miami sold for $15 million, or $441,176 a unit. The deal is another sign that Little Havana is no longer among the most affordable areas of Miami as developers introduce Class A rentals into the neighborhood. East River Living LLC, managed by Santiago Vanegas of…
Learn MoreJuly 12, 2022
The insurance market for multifamily portfolios has transformed significantly in the past few years. This market shift was inevitable based upon losses and the prior soft market, but the resulting change has been more severe and continued longer than initial expectations. In order to better educate and prepare our clients for what to expect moving…
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The newly constructed East River Living property, which includes ground-floor retail, sold for $600 per square foot MIAMI (July 12, 2022) – Franklin Street has arranged the sale of East River Living, a 34-unit, 25,000-rentable-square-foot multifamily property in Miami for $15 million, equating to $441,176 per unit and $590 per square foot. Completed in 2022,…
Learn MoreJuly 11, 2022
Over the first half of this year, we have seen a dramatic shift in multifamily capital markets from what we had become accustomed to from 2019 – 2021. This shift can be explained by a variety of factors but our thesis, supported by the data in this report, is that the continual compression of cap…
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