Keith Frierson, CCIM Joins SVN Commercial Advisory Group as Senior Advisor in Tampa Bay Area
TAMPA, FLA. (February 10, 2023) - SVN Commercial Advisory Group is proud to welcome industry veteran, Keith Frierson, CCIM, to the Tampa Bay team as a Senior Advisor. With over three decades of experience in commercial real estate, Keith brings an exceptional level of...
Logistics, Jobs, & Housing Affordability | Economic Update – February 10
JANUARY JOBS REPORT According to the Bureau of Labor Statistics, the US economy added 517,000 jobs in January while the unemployment rate was little changed at 3.4%. The number of unemployed persons was also little changed at 5.7 million. On the surface, the January...
Revitalizing Sarasota: Proposed Infrastructure and Highway Projects Set to Bring Economic Growth
Introduction Sarasota, Florida, is a rapidly growing residential and commercial center that is set to see a major boost in its infrastructure, thanks to the recent state budget passed by the Florida Legislature. The budget includes money for a slew of local...
Surge in E-Commerce and Construction Fuels Florida’s Industrial Boom in 2022
Florida Industrial Sector Booms with Record Sales Volume and Development Activity in 2022 The U.S. industrial market has been rapidly growing since early 2020, driven by a surge in e-commerce and construction activity. This has led to a surge in leasing...
Manatee County land will be site of four-story luxury apartment complex
A joint venture between Defined Companies, LLC, co-founded and led by Noah Leon and Steven Guasch, and Nadeb Investments Group, Inc., led by President Eben Mensah, has purchased a 7.86-acre parcel located adjacent to the Ellenton Premium Outlets in Manatee...
The Federal Fund Rate Increase: Understanding its Impact on Cap Rates and Property Values
The Impact of Fed Fund Rate Increase on Cap Rates and Property Values The Federal Reserve raised its benchmark interest rate to its highest level in 15 years on December 14, 2022, leading to an increase in commercial lending rates. This raises the question of how this...