Commercial Real Estate Insights
What to Know About The Lease Extension Clause
When you're signing a commercial lease, the extension clause may not seem as important as some other details like the rent and CAM, but it's a mistake not to carefully read the extension clause. Because tenants tend to receive the most benefits from this portion of...
SVN Commercial Advisory Group, expands presence into Tampa Bay with new Advisor, David Kinnard
Sarasota, Fla. (April 25, 2019) – SVN Commercial Advisory Group has added David Kinnard, Advisor to support the company’s growth efforts in the Retail, Office and Medical segments. Kinnard, who has an MBA from Florida State University, joins other advisors across the...
Steady Course; Office investors work to place ‘dry powder.’
The good times have been rolling along in the office investment sales market. An ample supply of equity and debt has fueled a steady level of sales activity over the past year, and many expect that momentum to continue in the first half of 2019. “Even though we might...
Discovering the Hidden Costs of Leasing an Office Space
Hopefully, you’ve been transparent about the amount of monthly rent your company can afford, taking into account average utility costs as your business grows and you add to your headcount. That line item for rent may not be what it seems, though. Hidden or obfuscated...
Sarasota Memorial Breaks Ground on New Cancer Tower
The tower will have nine new operating rooms; two upper floors with 56 private suites dedicated for hospitalized cancer patients; and an array of support services. Sarasota Memorial Hospital (SMH) broke ground on its new oncology tower, the heart of its Cancer...
Bay Park Conservancy Awarded $100,000 Grant from Gulf Coast Community Foundation
The Bay Park Conservancy has received a $100,000 grant from the Gulf Coast Community Foundation to support the development of 53 acres on Sarasota Bay. The award will support efforts to implement Phase 1 of the Bay Park master plan and build out the first 10 acres of...
Halfacre Construction Breaks Ground on New Lakewood Ranch Veterinary Clinic
The new facility is 6,300 square feet and equipped with cutting-edge technology. Halfacre Construction Company, a Lakewood Ranch-based commercial construction company, broke ground on the Veterinary Medical Center at Lakewood Ranch. A groundbreaking ceremony happened...
SVN Commercial Advisory Group manages $1.53 million sale of land in Sarasota town center
Buyer to construct 102-unit hotel on University Parkway, midway between Sarasota and Bradenton Sarasota, Fla. (April 5, 2019) – The SVN Commercial Advisory Group successfully managed the $1.53 million sale of land that will be the site of a large hotel in Sarasota....
City explores mixed-use option for shopping centers
Could residential zoning be a path to redeveloping languishing commercial plazas throughout Sarasota? The City Commission offered unanimous support Monday for the concept of permitting residential units on some commercially zoned properties, hopeful to encourage...