Commercial Real Estate Insights
Manatee County Buys $4.4M Facility to Permanently House Sheriff’s Office
County deal is third in recent months for SVN | Commercial Advisory Group Tony Veldkamp, CCIM, a Senior Advisor with SVN | Commercial Advisory Group, has successfully closed a $4.4 million deal for a freestanding office building at 616 67th Street, Bradenton,...
Mobile Home Parks and the Housing Crisis: Mid-Year 2024 Update
In the midst of an increasingly challenging housing landscape, mobile home parks are emerging as a surprising beacon of stability. Frank Rolfe, co-owner of one of the largest mobile home parks businesses in the US says he's more bullish now on parks than he's ever...
SVN Facilitates $5.5 Million Sale of High-Profile Office Building
SVN | Commercial Advisory Group announces the $5.5 million sale of the Kodra Professional Office Center, a prominent office building in Sarasota, FL. Gail Bowden, Senior Investment Advisor with the Sarasota-based firm, represented the seller, Kodra Professional Corp....
CRE Prices & Outlook, Rising Multifamily Prices | Economic Update
BANK STREET TESTS According to the Federal Reserve, all 31 “systemically important financial institutions” (SIFIs) passed their annual stress tests. These tests evaluate the ability of large US banks to absorb hypothetical losses while maintaining more than their...
SVN Commercial Advisory Group Closes 10-Year Lease on Entire Plaza
Agreement worth more than $4 million in Port Charlotte Mike Migone, CCIM and Mary O'Malley, CCIM, of SVN | Commercial Advisory Group have successfully brokered a 10-year lease agreement for Elegance Plaza in Port Charlotte, FL. Valued at more than $4 million,...
Hurricane Damage, Interest Rates, Elections: CRE Market is Subject to a Host of Influences
By Advisor, Ryan McDonald What do hurricanes, elections, and bank failures have in common? Answer: Each can powerfully impact commercial real estate (CRE) markets in Florida and across the United States. In fact, a whole host of variables influences both the...
Construction, Foreclosures, Interest Rates | Economic Update
INTEREST RATES The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of May’s Consumer Price Index data, which arrived just a few hours before the Federal Reserve’s...
CRE Loans, Luxury Retail, AI | Economic Update
CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans are set to mature in the coming quarters. Modification volumes peaked mid-year 2023, climbing...
Aging Population Keeps Florida’s Medical Office Market Healthy
By John Milsaps, Senior Advisor Demand continues for investments in healthcare-sector properties Florida, long known for its beaches and warm climate, is also renowned for another feature: its sizable aging population. With a large percentage of its...