Commercial Real Estate Insights
Mark Bower of SVN CAG Manages Sale of 7.25 Acres in Bradenton
Sarasota, FLA. (June 30, 2021) – Mark Bower of SVN Commercial Advisory Group recently coordinated the sale of 7.25 acres of land at 5703 and 5715 15th Street East in Bradenton, FLA. The seller, MLYK Enterprises, LLC was represented by Matt Kezar of Ian Black. Bower...
Senior Advisor, Mike Migone manages $6.5M industrial deal
Senior Advisor locates prime Clearwater facility with nearly 74K square feet Sarasota, Fla. (June 24, 2021) – Mike Migone, CCIM of SVN Commercial Advisory Group managed a $6.5 million property deal in Clearwater, Fla., for a client who will convert it into a...
Inflation, Jobs Report, & CRE | Economic Update June, 2021
Inflation According to the Bureau of Labor Statistics, consumer prices rose by a seasonally adjusted 0.6% in May from the month prior. While the month-over-month reading was lower than April’s growth rate (0.8% MoM), May’s 5.0% year-over-year change in average prices...
Industrial Asking Prices Suggest Market Correction May Be Near
Industrial prices dropped 6.68% over April figures, forcing cap rates up slightly in response. The multifamily asset class continued along a growth trajectory last month, while industrial prices dropped significantly. This suggests the market may be correcting as the...
Triple-Net Lease: Tenant Longevity and Low Maintenance
SVN Commercial Advisory Group helps connect prospective renters, landlords Leasing is a fact of life for a lot of businesses. But the variety of available leasing options -- and how to secure them – isn’t always clear to business owners. Businesses that rent their...
Behind the Surge in Lumber Prices
If you follow the commodities markets, you might wonder why bling isn’t made of wood instead of gold these days. Builders can get lumber if they wait and are willing to pay through the nose. Construction is more expensive, with obvious impacts on strategies at all...
Florida supply tightens as out-of-state demand for property soars
Tony Veldkamp, CCM, Senior Advisor SVN | Commercial Advisory Group Florida residential and commercial both getting a bump as entrepreneurs relocate If you’re trying to find property in the Florida counties of Manatee and Sarasota these days,...
Has Bridge Financing Cast a Shadow Over Agency Lenders?
Pricing has become aligned with how aggressive the private debt funds have gotten in recent months and how aggressively priced multifamily deals have become overall. Alternative financing options have emerged more aggressively than ever, serving more specialized...
Mike Migone, CCIM Manages Sale of $2.7M Medical Office Building
Sarasota, FLA. (May 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 15,395 SF, multi-level medical office building at 5922 Cattlemen Lane in Sarasota, FLA. The seller, Medical Leasing Group, LLC, was...