Commercial Real Estate Insights
SVN Commercial Advisory Group closes on $8 million commercial property in Davenport
New building on Heritage Pass contains multiple tenants Davenport, Fla. – A pair of Senior Advisors at SVN Commercial Advisory Group has successfully closed the sale of a multi-tenant retail property for $8 million. The property at 942 Heritage Pass, Davenport, Fla.,...
SVN Commercial Advisory Group closes on undeveloped Bradenton land for $1.35 million
Advisors from SVN Commercial Advisory Group have closed a $1.35 million deal for a parcel of undeveloped land at 5615 Manor Hill Lane in Bradenton. The buyer, Horne Partners, LLC, will construct a self-storage facility on the 2.51-acre site. Horne Partners is based in...
CRE Conditions & Sentiment | Economic Update
CRE CONDITIONS & SENTIMENT: Q2 2024 The latest edition of Altus Group’s quarterly survey on commercial real estate conditions and sentiment showed a slight rise in recession concerns among respondents alongside expectations that the financing environment will...
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...