Commercial Real Estate Insights
Apartments, Cap Rates, GDP | Economic Update
GDP Economic growth slowed in the third quarter, settling at an annualized growth rate of 2.0% after an increase of 6.7% in the second quarter. Thursday’s advanced estimates come in below most economists’ forecasts. The latest Wall Street Journal Economic Forecasting...
Multifamily Property in Sarasota Sells for $11.6 million
Multifamily property located near downtown Sarasota Sarasota, Fla. (October 26, 2021) – SVN Commercial Advisory Group managed a multifamily deal worth $11.6 million for buyer Sarasota Presidential, LLC. The property at 3232 Fruitville Road in Sarasota is a two-story...
Pharmacy Foot Traffic Hits Pre-Pandemic Levels
Pharmacy foot traffic continued double-digit growth patterns as the retail sector continued its post-COVID-19 recovery, with CVS and Walgreens leading the pack. The brands are poised to return to year-over-two-year growth by March 2021, according to new data from...
SVN CAG marks 10-year anniversary as CRE brokerage firm
Ten founding members of SVN Commercial Advisory Group celebrate 10-year milestone with brokerage firm This month, SVN Commercial Advisory Group is celebrating a landmark anniversary for the founding group of commercial real estate advisors. To mark the occasion, we...
Mike Migone, CCIM Coordinates Purchase of 6.5+ Acres in Venice
Venice, FLA. (October 6, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of 6.51 acres at 2791 Jacaranda Boulevard in Venice, FL. The seller was Englewood Bank & Trust. The buyer was Home Planet Real Estate,...
Property Prices & Google’s Purchase | Economic Update
Commercial Property Prices According to the Real Capital Analytics commercial property price index (CPPI), asset prices accelerated through August, growing an average of 1.5% from a month earlier. Moreover, the national all-property type CPPI is up a robust 13.5%...
CRE Companies Put Old Hotels to New Uses
The hospitality industry may be hurting, but that doesn’t mean hotel real estate has to. If you find yourself with a batch of lemons, the wise move is to make lemonade. What if you’ve got hotel properties in a down hospitality market? Luckily, you’ve got some...
Established Dental Practice Relocates to Tamiami Trail with $1.8M Purchase
Sarasota, FLA. (September 24, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 13,000 SF office building at 2700 S Tamiami Trail in Sarasota, FL. The seller was TSHSTB LLC. The buyer was Rocu Enterprises,...
Transport’s ‘Rule of 1.5’ is Driving Demand for the Industrial Market
Rising transportation costs are also helping to fuel record US warehouse leasing pace; third party logistics companies double their leasing activity. The US industrial market is on pace for a record leasing volume with activity through July reaching 587 million square...