Bisnow Multifamily Southeast Conference: Recap with Jake Reid

November 18, 2021

“Commercial real estate is now a core investment” -Jake Reid Jake Reid, Senior Director of Investment Sales for Franklin Street, recently spoke at the Bisnow Multifamily Annual Conference Southeast in Atlanta. Appearing on the Finance & Investment Trends panel, he and others shared insights on the market, where its growing and its financial health. Jake said…

Q3-21 Multifamily Report: South Florida

November 17, 2021

SOUTH FLORIDA MULTIFAMILY EXPECTED TO SEE CONTINUED INCREASE IN DEMAND AND RESULTING MARKET GROWTH Franklin Street’s Q3-21 report on the South Florida Multifamily Market explores key indicators of the market’s health, from demographic trends to rent growth to investment sales activity. The report also offers exclusive insight and predictions from Franklin Street’s local experts on…

Franklin Street Secures $14M Refinance Loan for 120-Unit Multifamily Portfolio in Tampa, FL

The 10-year, 3.41% Fannie Mae loan will provide the buyer with increased cash flow to reinvest into capital improvements TAMPA, FL (November 17, 2021) — Franklin Street has arranged the $13.85 million refinancing of a multifamily portfolio in Tampa consisting of four market rate, garden-style apartment properties totaling 120 units. Casey Siggins, Ben Miller and…

Franklin Street Arranges $43.5M Sale of Downtown Naples Development Site Slated for Luxury Mixed-Use Project

Aspen, Colorado-based M Development acquired the 4.27-acre site NAPLES, FL (November 12, 2021) – Franklin Street has arranged the sale of a 4.27-acre development site in downtown Naples for $43.5 million. The flexibly zoned site is situated along the 900 and 1000 blocks of Naples’ famed Fifth Avenue – considered one of the most exclusive…

Business Observer: Colorado developer pays $43.5 million for lot near prestigious shopping district

November 16, 2021

M Development plans luxury residential, retail development on Naples’ Fifth Avenue. NAPLES — A Colorado-based developer has bought 4.27 acres in downtown Naples and intends to build a luxury, mixed-used development on the property.  M Development, which is from Aspen, bought the property on Fifth Avenue, between the 900 and 1000 blocks, for $43.5 million….