Inflation, Jobs Report, & CRE | Economic Update June, 2021
Inflation According to the Bureau of Labor Statistics, consumer prices rose by a seasonally adjusted 0.6% in May from the month prior. While the month-over-month reading was lower than April’s growth rate (0.8% MoM), May’s 5.0% year-over-year change in average prices...
Behind the Surge in Lumber Prices
If you follow the commodities markets, you might wonder why bling isn’t made of wood instead of gold these days. Builders can get lumber if they wait and are willing to pay through the nose. Construction is more expensive, with obvious impacts on strategies at all...
Has Bridge Financing Cast a Shadow Over Agency Lenders?
Pricing has become aligned with how aggressive the private debt funds have gotten in recent months and how aggressively priced multifamily deals have become overall. Alternative financing options have emerged more aggressively than ever, serving more specialized...
Mike Migone, CCIM Manages Sale of $2.7M Medical Office Building
Sarasota, FLA. (May 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 15,395 SF, multi-level medical office building at 5922 Cattlemen Lane in Sarasota, FLA. The seller, Medical Leasing Group, LLC, was...
GDP, Lumber Prices & The Labor Market | Economic Update
GDP According to the Bureau of Economic Analysis, Real GDP increased at a seasonally adjusted annualized rate of 6.4% during the first quarter of 2021. Personal consumption expenditures (PCE), a sub-component of GDP output, rose at an annualized 14.6% in the first...
Gail Bowden of SVN CAG Manages Sale of 3,000 SF Office in Englewood
Englewood, Fla. (May 10, 2021) – Senior advisor Gail Bowden, of SVN Commercial Advisory Group, recently coordinated the sale of a 3,932 SF office suite located at 900 Pine Street, Suite 111 in Englewood, FLA. Tammy Birbeck D.O. PLLC was the buyer. Lemon Bay Vilco,...