Commercial Real Estate Insights
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...
Proposed Tax Changes, Delta Variant & Retail Resiliency
Economic Update | Mid-September 2021 BEIGE BOOK - ECONOMIC ACTIVITY Economic growth downgraded slightly in July and August, according to the September release of the Federal Reserve’s Beige Book. Manufacturing, transportation, non-financial services, and...
Laser Lounge Spa Brings Flagship Location to Downtown Sarasota
Four-story med spa building in downtown Sarasota will become flagship location for Laser Lounge Spa SARASOTA, Fla (September 16, 2021) – SVN Commercial Advisory Group has managed the $3.35 million sale of a four-story building that housed the John Carl Spa & Salon...
CPPI, Federal Reserve, CRE Underwriting | Economic Update
CRE Prices According to the Real Capital Analytics commercial property price index (CPPI), CRE prices maintained their momentum through July, growing an average of 1.2% from a month earlier. Moreover, the national all-property type CPPI is up a robust 11.8%...
Medical Office Property in Venice Sells for $1.6M
Venice, Fla. (September 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 5,500 SF medical office building at 842 Sunset Lake Boulevard in Venice. The seller was Gulf Coast Urology Properties, LLP. The buyer...