Economic Update | October 30, 2020
Multifamily According to Real Capital Analytics’ hedonic cap rate series, multifamily cap rates ticked down a minuscule two basis points between Q2 and Q3 2020, settling at 5.23%. Conversely, RCA’s transaction cap rate series ticked up by 20 bps, signaling that there...
Economic Update Mid-October
Multifamily Cap Rates According to RCA’s transaction database, across all property types, Apartment cap rates widened by the largest margin in August, surging by 60 bps to 5.79%. The increase represents the Apartment sector’s largest month-over-month increase on...
Economic Update October 2020
Affordable Housing According to REIS, the Affordable Housing Sector has gone mostly unaffected through the pandemic as of Q2 While the national vacancy rate is up by 10 bps from the same time a year ago, they ticked down by 10 bps from Q1, settling at 2.4%. Rents are...
Two new team members join SVN Commercial Advisory Group
Mary O’Malley, Richard Lurk II to help strengthen group’s market presence in Southwest Florida Sarasota, Florida (September 30, 2020) – The SVN Commercial Advisory Group in Sarasota, Fla., is welcoming two new team members. The move is part of the group’s...
SVN Commercial Advisory Group manages the purchase of $1.76 million, Medical Office Investment Property
BRADENTON, Fla. (September 22, 2020) – Advisor, Jeff Jamison, MBA of SVN Commercial Advisory Group recently coordinated the purchase of a 5,766 SF Medical Office Investment Property at 6310 Health Park Way in Bradenton. A professional medical group of 18 doctors was...
SVN Commercial Advisory Group manages sale of $1.8M Land Development Site in Bradenton
Bradenton, Fla. (August 10, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of 8.16 acres of land at 14503 East State Road 64 in Bradenton. Coastal Development of Bradenton, LLC was the seller. Seered 64, LLC...