Economic Update | December 30, 2020
New Economic Stimulus Agreement Congress agreed to a $900B economic relief package on December 20th, and the legislation passed both chambers on December 21st. Assuming it is signed into law, the bill will include $600 direct payments to each adult plus an additional...
AAA Sarasota Building, Manatee Avenue Retail Plaza Sell for Combined $6.9 Million
Both buildings will undergo renovations for new MAXhealth facilities in Sarasota and Bradenton. SVN Commercial Advisory Group has managed two deals, totaling nearly $6.9 million, for Sarasota-based buyer Zinnia Center. Tony Veldkamp and Matt Fenske completed the...
SVN Commercial Advisory Group manages nearly $6.9 million in deals for medical office space
AAA building and Manatee Avenue retail plaza will undergo renovations for new MAXhealth facilities in Sarasota, Bradenton Sarasota, Fla. (December 22, 2020) – SVN Commercial Advisory Group has managed two deals totaling nearly $6.9 million for Sarasota-based buyer...
Economic Update | December 18, 2020
Unemployment The Civilian Unemployment Rate (U-3) fell from 6.9% in October to 6.7% in November. The 0.2% month- over-month decline is the slowest rate of improvement since the Spring shutdown. While improvement is slowing, U-3 has recovered by 8.0% since April, when...
Economic Update | December 4, 2020
Retail According to Moody’s Analytics / REIS reporting, signs of distress are spreading in the retail sector. The sector’s vacancy rate rose by 0.2% to 10.4% in the third quarter, reaching a seven-year high. Average asking retail rents declined 0.1% from the previous...
SVN Commercial Advisory Group manages sale of $1.49M Historic Crusader Building in Palmetto
Palmetto, Fla. (December 1, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of the 14,526 SF historic “Crusader Building” at 323 10th Avenue in Palmetto. Crusader Properties, LLC was the seller. Palmetto...