by SVN Commercial Advisory Group | Jul 18, 2024
County deal is third in recent months for SVN | Commercial Advisory Group Tony Veldkamp, CCIM, a Senior Advisor with SVN | Commercial Advisory Group, has successfully closed a $4.4 million deal for a freestanding office building at 616 67th Street, Bradenton,...
by SVN Commercial Advisory Group | Jul 2, 2024
BANK STREET TESTS According to the Federal Reserve, all 31 “systemically important financial institutions” (SIFIs) passed their annual stress tests. These tests evaluate the ability of large US banks to absorb hypothetical losses while maintaining more than their...
by SVN Commercial Advisory Group | Jun 17, 2024
INTEREST RATES The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of May’s Consumer Price Index data, which arrived just a few hours before the Federal Reserve’s...
by SVN Commercial Advisory Group | Jun 4, 2024
CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans are set to mature in the coming quarters. Modification volumes peaked mid-year 2023, climbing...
by SVN Commercial Advisory Group | Apr 26, 2024
Data shows CRE foreclosure filings rose by 117% year-over-year through March 2024, with roughly 625 CRE foreclosures in just the past month. First quarter GDP fell short of most estimates. CRE Prices fell 3.0% year-over-year through March and just 0.2% from February....
by SVN Commercial Advisory Group | Apr 16, 2024
Blackstone has been reported to have purchased Apartment Income REIT (AIR Communities) for upwards of $10 billion, putting them on the Investment “Offensive.” Office activity implications show the sector may have hit its floor. Read more in the economic...
