Ralston and Tampa real estate investor Vic Drew, whom Ralstonhas personally known for 40 years, have formed Florida RetailDevelopment LLC. The new Orlando-based firm expects to do averageannual development and redevelopment volume of $100 million,Ralston tells GlobeSt.com. Drew will handle the company's businessside.
"We define retail real estate as properties that have cashregisters," Ralston says. "By (initially) focusing exclusively onFlorida, we are a 'local sharpshooter' and will use the localexpert advantages to outmaneuver out-of-town players."
The company also has one passive capital partner, an on-siteselection deal-maker, a research analysts and several supportemployees in the administration section. The firm plans to add twomore site selection specialists shortly.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
