Florida lawmakers engage high premiums and other tough insurance issues
Commercial property owners in Florida are facing significant difficulties with the insurance industry. Many are seeing high premiums, stricter underwriting standards and limited coverage options. Some property owners are having difficulties renewing policies or...
Navigating the storm: hurricanes and commercial real estate
Florida has recently faced the impacts of two storms which struck just days apart. The barrier islands bore the brunt of the storms’ impact, leaving residents and business owners grappling with the insurance claims and decisions as to whether to replace or repair...
Retail property sells for $1.7 million in historic St. Armands Circle complex
Advisors with SVN Commercial Advisory Group close deal in Sarasota Sarasota, Fla. – Mike Migone, CCIM, and Ryan McDonald of SVN Commercial Advisory Group have managed the sale of a $1.7 million retail property on St. Armands Circle, a historic shopping complex in...
A comparison: Should I buy or lease CRE?
When it comes to commercial real estate (CRE), business owners must decide between owning property or leasing space. Each option comes with distinct advantages and disadvantages, influenced by financial, operational and strategic considerations. Buying CRE Here are...
SVN Commercial Advisory Group closes on $8 million commercial property in Davenport
New building on Heritage Pass contains multiple tenants Davenport, Fla. – A pair of Senior Advisors at SVN Commercial Advisory Group has successfully closed the sale of a multi-tenant retail property for $8 million. The property at 942 Heritage Pass, Davenport, Fla.,...
SVN Commercial Advisory Group closes on undeveloped Bradenton land for $1.35 million
Advisors from SVN Commercial Advisory Group have closed a $1.35 million deal for a parcel of undeveloped land at 5615 Manor Hill Lane in Bradenton. The buyer, Horne Partners, LLC, will construct a self-storage facility on the 2.51-acre site. Horne Partners is based in...