Tampa Bay Hospitality Update | Is the Market dead?
Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...
Medical Office Building in Braden River Business Center Sells for $1.075M
Advisors work together in a rare joint listing to sell the property Sarasota, Fla. (August 5, 2021) – Senior Advisor, Tony Veldkamp, CCIM, and Advisor, Matt Fenske of SVN Commercial Advisory Group have managed the sale of a 5,000 SF, two-unit medical office building....
Demand continues to soar for Florida mobile home parks
Market scarcity, need for affordable housing gives sellers a major advantage Mobile home parks make up a red-hot investment market in Florida commercial real estate (CRE) right now. The one drawback is that they’re getting increasingly difficult to find -- almost...
Senior Advisor, Angela Varga Coordinates $1.015M MedSpa Lease
Bradenton, Fla. (August 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the 10-year lease of a 4,480 SF office/medical building at 6114 Manatee Avenue West in Bradenton, FLA. LORKAT Investments is the landlord. GAIA...
Starbucks Anchored Property in Bradenton Sells for $1.75M
Sarasota, FLA. (July 28, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 6,752 SF, Starbucks-anchored, retail building at 5783 Manatee Avenue West in Bradenton, FLA. Mike represented both the buyer and...
CRE Transactions Reach Pre-Pandemic Levels In Q2
CRE transactions in the hot industrial and apartment sectors posted the strongest second quarter on record for sales across all deal structures. The US commercial real estate sales market passed pre-pandemic levels in the second quarter, according to Real Capital...