CPPI, Federal Reserve, CRE Underwriting | Economic Update
CRE Prices According to the Real Capital Analytics commercial property price index (CPPI), CRE prices maintained their momentum through July, growing an average of 1.2% from a month earlier. Moreover, the national all-property type CPPI is up a robust 11.8%...
Medical Office Property in Venice Sells for $1.6M
Venice, Fla. (September 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 5,500 SF medical office building at 842 Sunset Lake Boulevard in Venice. The seller was Gulf Coast Urology Properties, LLP. The buyer...
Are 1031 Exchanges in Jeopardy Under the Biden Administration?
In a recent Green Street report, sources say that “while prior administrations have suggested ending 1031 exchanges, chances are better now that it will happen.” Congressional deal-making has created an increased focus on 1031 exchanges. Specifically it focuses on...
Return to Office, Census Figures, Sub-Sectors | Economic Update
Return to Office A survey by Morning Consult that tracks employees’ appetite for returning to the office showed that sentiment has fallen in recent weeks, with only 55% of workers saying that they feel comfortable returning to the office. According to the report, the...
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....