SVN CAG manages sale of 2.16 Acre Ground Lease in North Port
North Port, Fla. (April 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the 20-year ground lease of 2.16 acres at 17900 Tamiami Trail in North Port, FLA. Mike Migone represented the landlord, Select Properties of...
Economic Update | April 13, 2021
IMF Global Growth Forecast According to a recent growth forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%,...
Economic Update | April 2, 2021
New Business Applications According to the Census Bureau, new business applications totaled a seasonally adjusted 423k in February, falling 13.4% month-over-month. Of the 423k applications, the Census Bureau estimates that 31k new business will eventually form over...
Economic Update | March 19, 2021
American Rescue Plan President Biden signed into law the $1.9T American Rescue Plan Act, the third major fiscal stimulus legislation passed by Congress in response to the COVID-19 pandemic. Congress has now appropriated $6T in total relief to the public during this...
New Phase I ESA Standard Coming in 2021
Brush up on the top 6 potential changes to the ESA Standard (ASTM E1527). When there’s a change that affects around 70,000 commercial real estate deals a year, it’s a big deal. This is about to happen in 2021. I’m talking about the Phase I Environmental Site...
Industrial Pricing Jumps to $145 Per Square Foot
In Q4 2020, industrial saw $11.9 billion in sales volume at an average price per square foot of $100 per square foot. Industrial didn’t miss a beat in 2020. And it looks like prices in the asset class will continue rising in terms of sales volume and price per square...