Commercial Real Estate Insights
SVN CAG Manages Sale-Leaseback of Stearns Bank Branch in St. Pete
St. Petersburg, Fla. (May 11, 2021) – Senior advisor Brad Lindberg, of SVN Commerical Advisory Group, recently coordinated the sale-leaseback of an 11,236 SF bank building located at 7555 MLK Jr. Street North in St. Petersburg, FLA. PR St. Pete, LLC was the buyer....
Buyers and Sellers Still Find It Hard to Meet on Price
Some sellers are disappointed they cannot yet achieve pre-pandemic prices. The business of getting buyers and sellers to agree on a price was exacerbated during the pandemic. Now that an end to the health crisis is hopefully in sight, have those tensions eased? As...
SVN CAG, CCA manage many $1 million+ deals in Q1
Advisors adapt to changing CRE market amid pandemic and economic contraction Sarasota, Florida (May 07, 2021) – During the first quarter of 2021, advisors from the SVN Commercial Advisory Group and SVN Coastal Commercial Advisors completed more than 50 deals exceeding...
Economic Update | April 30, 2021
Covid Cases & Vaccinations The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. While the trend has started to re-improve, the current mark remains 4%...
Q1 Was a ‘Turning Point’ For US CRE
Sale listings increased and the average asking price per square foot rose 5.6% from Q4 2020. CRE activity is bouncing back with the end of the COVID-19 pandemic (potentially) in sight. The first quarter of 2021 “represented a turning point both for the US and the...
Getting the message out: Marketing matters in CRE
Traditional, digital and strategic efforts help position SVN Commercial Advisory Group as the firm of choice Behind the successful advisors at SVN Commercial Advisory Group is a marketing effort that often goes unseen. But it’s an integral part of the process. I...
SVN CAG manages sale of 2.16 Acre Ground Lease in North Port
North Port, Fla. (April 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the 20-year ground lease of 2.16 acres at 17900 Tamiami Trail in North Port, FLA. Mike Migone represented the landlord, Select Properties of...
Big Boxes Adjust to New Market Realities
Some are expanding, while others are shrinking. Right now, the big box world is a tale of two markets. Properties housing essential tenants, like grocery stores, are hot. Properties with gyms and movie theaters are struggling. Assets with investment-grade tenants are...
Economic Update | April 13, 2021
IMF Global Growth Forecast According to a recent growth forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%,...