Franklin Street Brokers Sale of Hialeah Medical Plaza for $7.65 Million

September 30, 2021

MIAMI (Sep. 30, 2021) — Franklin Street has arranged the sale Hialeah Medical Plaza, a two-story commercial building featuring 41,000 square feet of retail and office space at 3750 W. 16 Ave. in Hialeah, Florida. KEI Acquisitions, LLC acquired the site from RG Property Group Holdings LLC for $7.65 million. Adam J. Tiktin and Greg…

CRE-Sources: Franklin Street’s Adam Tiktin, Greg Matus Broker Sale Of Shopping Center For $13.58 Million

Franklin Street has arranged the sale of Promenade Shoppes, a 39,650-square-foot shopping center at 7910 West McNab Rd. in North Lauderdale. Zenix Properties, LLC, led by Roberto Alberro, acquired the site from Arena North Lauderdale Shoppes, LLC for $13,575,000. Adam J. Tiktin and Greg Matus of Franklin Street’s Florida Investment Sales Team represented the seller in this transaction. The deal closed on Sept. 27.  They…

Shopping Center Business: Franklin Street Brokers $13.6 Million Sale of Promenade Shoppes in North Lauderdale

 Franklin Street has arranged the $13.6 million sale of Promenade Shoppes, a 39,650-square-foot shopping center in North Lauderdale. Adam Tiktin and Greg Matus of Franklin Street represented the seller, Arena North Lauderdale Shoppes LLC, in the disposition of the property to Zenix Properties LLC. Built in 2018, the center was fully occupied at the time…

Daily Business Review: Fears Over Older Buildings After Surfside Condo Collapse Lead to Redevelopment Opportunities

September 29, 2021

Redevelopment opportunities are growing across South Florida for developers and investors as a result of the June 24 condominium collapse in Surfside. As South Florida counties require more frequent inspections and earlier recertification for condominiums, and as some insurance companies increase rates for older condos after the collapse, developers, investors and residents are looking for other…

Ask the Expert: How Have Supply Chain Disruptions and Increased Construction Costs Impacted Multifamily Acquisitions Among Investors Nationwide?

September 28, 2021

With rising construction costs and delayed development timeframes, existing multifamily communities have been propelled to higher rent levels and therefore higher sale values. High-growth markets, such as Florida and really the entire Southeast, have been acutely affected due to a surge in population growth and absorption of new housing significantly outpacing new deliveries. Contracting markets…