Laser Lounge Spa Brings Flagship Location to Downtown Sarasota

Four-story med spa building in downtown Sarasota will become flagship location for Laser Lounge Spa SARASOTA, Fla (September 16, 2021) – SVN Commercial Advisory Group has managed the $3.35 million sale of a four-story building that housed the John Carl Spa & Salon...

CPPI, Federal Reserve, CRE Underwriting | Economic Update

CRE Prices According to the Real Capital Analytics commercial property price index (CPPI), CRE prices maintained their momentum through July, growing an average of 1.2% from a month earlier. Moreover, the national all-property type CPPI is up a robust 11.8%...

Medical Office Property in Venice Sells for $1.6M

Venice, Fla. (September 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 5,500 SF medical office building at 842 Sunset Lake Boulevard in Venice. The seller was Gulf Coast Urology Properties, LLP. The buyer...

Are 1031 Exchanges in Jeopardy Under the Biden Administration?

In a recent Green Street report, sources say that “while prior administrations have suggested ending 1031 exchanges, chances are better now that it will happen.” Congressional deal-making has created an increased focus on 1031 exchanges. Specifically it focuses on...

Despite pandemic setback, hotels are gaining strength

Hospitality industry benefits from pent-up travel demand; projections remain encouraging Hotels have been getting some pleasant wake-up calls in recent months: The industry is improving. Certainly, that’s the case in the Tampa and Sarasota markets. The COVID-19...