Rising Rental Rates Not Exactly Good News For Owners

March 27, 2015

South Florida apartment rental rates grew 10 percent to 15 percent in the last two years and are likely to keep trending upward in 2014. But industry watchers say that’s not necessarily good news for building owners.

Franklin Street Brokers Sale of 58-Room Ponce DeLeon Hotel in Atlanta

Franklin Street Real Estate Services has arranged the sale of the Ponce DeLeon Hotel, a 58-room, extended-stay hotel at 551 Ponce De Leon Ave.

Ponce Hotel sells for $1.6 million

An intown Atlanta hotel has a new owner. The Ponce DeLeon Hotel, located just blocks from the future Ponce City Market, has sold for $1.6 million, according to Fulton County court records.

What is your CRE New Year’s resolution for 2014?

The beginning of a new year always presents the opportunity to reflect on the past year’s successes and areas to improve.

Franklin Street brokers 102-unit sale in South Florida

Miami, Hialeah & Hollywood, Fla.—Franklin Street Services has brokered the sale of 102 multifamily units for $8.3 million. The units are located in three different communities in Miami, Hialeah and Hollywood, Fla. The team of Deme Mekras, Elliot Shainberg and David Reinke handled the transaction. All of the buyers were foreign investors. In Hialeah, Franklin…