Commercial Real Estate Insights
New Phase I ESA Standard Coming in 2021
Brush up on the top 6 potential changes to the ESA Standard (ASTM E1527). When there’s a change that affects around 70,000 commercial real estate deals a year, it’s a big deal. This is about to happen in 2021. I’m talking about the Phase I Environmental Site...
Industrial Pricing Jumps to $145 Per Square Foot
In Q4 2020, industrial saw $11.9 billion in sales volume at an average price per square foot of $100 per square foot. Industrial didn’t miss a beat in 2020. And it looks like prices in the asset class will continue rising in terms of sales volume and price per square...
SVN Commercial Advisory Group manages $4.2 million sale of retail space
Senior Advisor’s local expertise and network leads to a deal for off-market property in Palmetto, Fla. Sarasota, Fla. (March 11, 2021) – SVN Commercial Advisory Group has managed the sale of a retail property that possesses a Walgreens pharmacy at 930 8th Avenue West...
SVN CAG Manages Sale of $1.075M Industrial Building in Bradenton
SVN CAG Manages Sale of $1.075M Industrial Building in Bradenton Bradenton, Fla. (March 3, 2021) – Senior advisor Gail Bowden, of SVN Commercial Advisory Group recently coordinated the sale of a 13,900 SF Industrial building located at 1215 50th Avenue Plz West in...
CRE Gets Boost as Economy Adds 379,000 Jobs in February
Most of the job gains were in the leisure and hospitality sectors. The US economy showed its clearest sign yet of recovery with February’s unemployment report released this morning by the Bureau of Labor Statistics: Some 379,000 jobs were added to US payrolls last...
Economic Update | March 5, 2021
Minimum Wage One of the more publicized and contentious sticking points of the incoming-Biden Administration stimulus package is the potential inclusion of a $15/h minimum wage. According to the Congressional Budget Office, a strictly nonpartisan Agency, raising the...
CRE newcomer finds many benefits in mentoring program
When you start a career in commercial real estate (CRE), there’s nothing like getting that first commission. One thing that can speed up the process dramatically is having mentors around to guide a newcomer through the inevitable twists and turns. The mentoring...
Economic Update | February 23, 2021
Industrial Sector According to Real Capital Analytics, hedonic cap rates for Industrial properties held at their all-time low through Q4 2020, finishing the year at an even 6.0%. Between strengthening property fundamentals and lower benchmark interest rates,...
SVN CAG helps statewide CRE offices post solid year, despite pandemic
Sarasota, FL office ranks third statewide as CRE advisors thrive in uncertain times Sarasota, Florida (Feb. 22, 2020) – SVN Commercial Advisory Group has ranked third in total volume among the 20 SVN Florida CRE locations, with two advisors receiving Achiever...