CPI Inflation, Industrial Real Estate, & Logistics | Economic Update – January 13
1. CPI INFLATION The Consumer Price Index (CPI) rose 6.5% year-over-year and just 0.1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. The annual inflation rate has now fallen for...
Main Street property in downtown Sarasota sells for $4.287 million
SVN Commercial Advisory Group represents sellers; future development will replace existing structure on site Sarasota, Fla. (January 6, 2023) – SVN Commercial Advisory Group has managed the $4.287 million sale of property at 2051 Main Street, the site of future...
Consumer Spending, CRE Debt, & Home Prices | Economic Update – January 3
1. Q3 GDP & CONSUMER SPENDING REVISED UP The Bureau of Economic Analysis reported an upward revision to Real GDP in the third quarter of 2022, mainly reflecting a revised total in U.S. consumer spending. The latest estimate shows a 3.2% annualized increase in Real...
SVN Commercial Advisory Group manages $17.5 million sale of industrial portfolio
Complex of five Industrial Boulevard properties contains more than 220,000 square feet Sarasota, Fla. (December 30, 2022) – SVN Commercial Advisory Group has managed the $17.5 million sale of a property portfolio containing five industrial buildings in...
Interest Rate, Inflation, & Jobs | Economic Update – December 16
FOMC INTEREST RATE DECISION On December 14th, the Federal Reserve’s policy-setting committee raised their target Federal Funds Rate (FFR) range by 50 basis points to 4.25%-4.50%, slowing their speed of rate increases after four consecutive 75 basis point hikes — an...
Read more“These will be some beautiful units in a structure fronting the roundabout,” Migone said. “It’s a project we expect to have a tremendous impact on the area, which is designated as an opportunity zone – quite an addition.”
Future site of upscale rental properties sells for $1.7 million in Sarasota
SVN Commercial Advisory Group manages transaction; project is part of local opportunity zone north of downtown Sarasota, Fla. (December 14, 2022) – A commercial property that will house a complex of high-end apartments and retail space in Sarasota, Fla., has...