A Little Less Boom in ’14

March 27, 2015

These are boom times for South Florida multifamily, but what next? Franklin Street regional managing partner Deme Mekras tells us the ride isn’t over yet. But it might be a little slower and just a bit bumpier in ’14. (So less of a boom and more of middling rumble.)

The List-Makers: Atlanta’s Commercial Real Estate Brokerages

Danny York
Chief Operating Officer
Franklin Street
Years with firm: 7
You should know: Franklin Street is one of the fastest-growing commercial real estate companies in the Southeast and continues to flourish

Atlanta’s Top 30 Commercial Real Estate Brokerages

Franklin Street is ranked 27 in Atlanta’s Top 30 Commercial Real Estate Brokerages. Ranked by gross dollar volume of sales and leasing transactions generated out of the Atlanta Office.

What’s in store for SOFLA real estate in 2014?

Deme Mekras, regional managing partner, Franklin Street Real Estate Services “The multifamily market will continue to be strong, but it won’t keep up the torrid pace it has enjoyed over the past few years. I believe values will continue to increase in 2014, but at a slower rate than what we’ve seen. We’ll continue to see some rent appreciation in desirable markets such as Coral Gables and Miami Beach but remain somewhat flat in secondary markets.”

Franklin Street Real Estate Services Brokers $2M Sale of Prime Property

Franklin Street Real Estate Services, a full-service commercial real estate firm with offices in Tampa, Atlanta, Jacksonville, and Miami, brokered the sale of one of the few remaining pieces of prime developable land in Coral Gables. Franklin Street’s Deme Mekras represented the buyer, developer Michael Garcia-Carillo, whose company GC3 Development plans on tearing down an existing older apartment building to construct five new luxury townhomes. The sales price for the property was $2.075 million representing $415,000 per lot.