Economic Update | February 8, 2021

by | Feb 5, 2021

GDP According to the Bureau of Economic Analysis’ advance estimate, fourth-quarter sales grew at a seasonally and inflation-adjusted annual rate of 4.0% from the previous quarter. Despite a slowdown in improvement after the Summer’s initial snapback, Q4’s reading...

Tenant representation: a critical component of CRE

by | Feb 5, 2021

The logistics of placing a client in a commercial leasing space are complex Being a commercial real estate (CRE) advisor means more than just selling. For many of us, the work of tenant representation makes up as much as 25 percent of our work. It’s an important part...

Downtown Sarasota BB&T office building sold for $35 million

by | Feb 2, 2021

One of Sarasota’s most recognizable downtown office buildings has been sold to a Miami firm for $35 million. The nine-story, 550,000-square-foot BB&T Financial Center at 1800 Second St. in Sarasota was purchased by Tricera Capital of Miami. The sale, which closed...

What the US’ Return to the Paris Climate Accord Means to CRE

by | Jan 27, 2021

President Biden recently signed an Executive Order to put the US back in the Paris climate accord. Kurt Stout, executive vice president, Government Solutions at Colliers International, says the US’s renewed focus on combating greenhouse emissions could affect...

Making sure the price is right: the science of CRE appraisal

by | Jan 22, 2021

A meticulous process is in place to help determine the market value for buyers and sellers Everything that’s up for sale has a price tag. We take it for granted. Whether it’s a piece of gum or a skyscraper, someone has to make an educated estimate of the item’s market...