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Tampa Bay Hospitality Update | Is the Market dead?

Tampa Bay Hospitality Update | Is the Market dead?

Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...

Demand continues to soar for Florida mobile home parks

Demand continues to soar for Florida mobile home parks

Market scarcity, need for affordable housing gives sellers a major advantage  Mobile home parks make up a red-hot investment market in Florida commercial real estate (CRE) right now. The one drawback is that they’re getting increasingly difficult to find -- almost...

Senior Advisor, Angela Varga Coordinates $1.015M MedSpa Lease

Senior Advisor, Angela Varga Coordinates $1.015M MedSpa Lease

Bradenton, Fla. (August 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the 10-year lease of a 4,480 SF office/medical building at 6114 Manatee Avenue West in Bradenton, FLA. LORKAT Investments is the landlord. GAIA...

Starbucks Anchored Property in Bradenton Sells for $1.75M

Starbucks Anchored Property in Bradenton Sells for $1.75M

Sarasota, FLA. (July 28, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 6,752 SF, multi-tenanted, retail building at 5783 Manatee Avenue West in Bradenton, FLA. Mike represented both the buyer and seller in...

CRE Transactions Reach Pre-Pandemic Levels In Q2

CRE Transactions Reach Pre-Pandemic Levels In Q2

CRE transactions in the hot industrial and apartment sectors posted the strongest second quarter on record for sales across all deal structures. The US commercial real estate sales market passed pre-pandemic levels in the second quarter, according to Real Capital...

Bradenton/Palmetto a robust market that could use more inventory

Bradenton/Palmetto a robust market that could use more inventory

Many CRE sectors remain healthy as businesses migrate to the Sunshine State There’s a whole lot of demand, not enough supply.   That sums up much of the commercial real estate (CRE) market in the Florida cities of Bradenton and Palmetto. But builders and investors are...

Multiple Factors Will Determine How Net Lease Plays Out

Multiple Factors Will Determine How Net Lease Plays Out

Unless the sale-leaseback market picks up, there is not a lot of new supply going to hit the market. While single-tenant transaction activity should remain high in 2021, some of that will be determined by the number of assets that will hit the market this year. In the...