Commercial Real Estate Insights
SVN Commercial Advisory Group Manages Sale of Multifamily Asset in Historic Laurel Park District
SARASOTA, Fla. (October 8, 2019) – Senior Advisor, Peter Bartys of SVN Commercial Advisory Group recently coordinated the Sale of the 5-Unit "Poet Carriage House" in the Historic Laurel Park District of Downtown Sarasota. 525 Rawls Inc., was the Seller, represented by...
SVN Commercial Advisory Group Manages Sale of The Beach Club at Anna Maria for $3.7M
SARASOTA, Fla. (October 8, 2019) – Senior Advisor, Mike Migone,CCIM of SVN Commercial Advisory Group recently coordinated the sale of the 20,996 SF, 14-unit Beach Club at Anna Maria in Bradenton Beach. Raps Development, LLC, was the seller. The buyer was Jacaranda...
CoStar Economy: Trade War Looms Over Fed Deliberations
"Economists are really good at saying we just had a recession. They are not so good at expecting a recession.” –NY Fed President John Williams The trade war left its bruises all over the latest data reports. The ISM Manufacturing Index, an index of business confidence...
Small Multifamily Properties Offer Affordable Housing Investment Opportunities
Demand for data highlighting investment opportunities for small multifamily properties is growing. This is buoyed by investor interest and the need for affordable housing. Small multifamily assets with 5 to 50 units and under a $10 million sales price could solve the...
More South Florida Breweries on Tap Despite Uphill Battle for Real Estate
Breweries are experiencing explosive growth as consumers develop a taste for homegrown offerings, but opening a brewery isn't easy. Jose Mallea set out in 2012 to open a brewery in Miami’s Little Havana neighborhood, but the city had yet to craft its zoning...
This Southwest Florida Market Is More Than Just a Vacation Hotspot
Renderings of the Sunseeker Resort that is currently underway in Port Charlotte, Fla. (CoStar) CoStar Market Insight: Punta Gorda Could See a Wave of Development in Coming Years Several projects are in the works across Punta Gorda, each with the potential to transform...
Life Insurers Boost Multifamily Lending as Rental Demand Grows
Industry May Finance Up to $120 Billion Over Five Years, Insurance Companies Say Life insurance companies, already increasing their lending for multifamily property sales this year, say their appetite for that type of financing could go higher in 2020. Industry...
Fed Cuts Interest Rates to Try to Cushion US Economy From Global Headwinds
CoStar Analysis: US Central Bank Now Must Gauge Effects of Recent Changes The Federal Reserve reduced its policy rate by 25 basis points to a target range of 1.75% to 2%, the second interest rate cut from the central bank in two months, as data indicates a slowing...
Understanding ADA Requirements for Historic Properties
Think your property is exempt from the Americans With Disabilities Act (ADA) because of its age? Think again! There is no grandfather clause under Title III of the ADA for buildings defined as public accommodations; in other words, properties that were built before...