WeWork Bankruptcy, CRE Prices, Apt Declines | Economic Update
WEWORK BANKRUPTCY, CRE IMPACT On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of the remote-work revolution. Over the previous decade, including before...
In CRE Deals, There’s No Substitute for Due Diligence
By Mike Migone, CCIM Senior Investment Advisor Investing in commercial real estate (CRE) can be a lucrative venture, but it comes with its share of risks and challenges. Paying heed to due diligence is one of the ways to help mitigate those factors. It's...
SVN Welcomes Industry Veteran Nick Cuviello to Elevate Medical Real Estate Expertise
Sarasota, FL (November 6, 2023) – SVN Commercial Advisory Group, a national commercial real estate brokerage in Sarasota, is pleased to announce the latest addition to the team, seasoned business professional, Nick Cuviello. Cuviello will join Senior Advisor Gail...
2024 CRE Outlook, Home & Retail Sales | Economic Update
Gross Domestic Product Real GDP rose by 4.9% during the third quarter of 2023, its fastest pace since the fourth quarter of 2021, according to the advanced estimate from the Bureau of Economic Analysis (BEA). Continuing the post-pandemic storyline, robust consumer...
SVN Manages $3.1M Sale of Prime Industrial Property in Rapidly Growing Market
Sarasota, FL (October 27, 2023) – SVN Commercial Advisory Group is pleased to announce the successful sale of a high-value industrial property in Sarasota, Florida. The $3.1 million sale was managed by Senior Investment Advisor Mike Migone, CCIM who represented both...
SVN Manages $3.25M Office Building Sale to Manatee County
BRADENTON, Fla. (October 17, 2023) – Senior Advisor Tony Veldkamp, CCIM, and Advisor Matt Fenske of SVN Commercial Advisory Group are pleased to announce the successful completion of a $3.25 million sale transaction involving a vacant 20,000+ square foot office...