Treasury Department Finalizes Carried Interest Rules
Senior housing qualifies for a critical exception, as long as other requirements are met. The Treasury Department is completing several multi-year tax regulatory projects that primarily relate to the Tax Cuts and Jobs Act of 2017 before the new Biden Administration....
Economic Update | December 30, 2020
• Congress agreed to a $900B relief package on December 20th, and the legislation passed both chambers on December 21st. • Assuming it is signed into law, the bill will include $600 direct payments to each adult plus an additional $600 per child per household. The...
AAA Sarasota Building, Manatee Avenue Retail Plaza Sell for Combined $6.9 Million
Both buildings will undergo renovations for new MAXhealth facilities in Sarasota and Bradenton. SVN Commercial Advisory Group has managed two deals, totaling nearly $6.9 million, for Sarasota-based buyer Zinnia Center. Tony Veldkamp and Matt Fenske completed the...
SVN Commercial Advisory Group manages nearly $6.9 million in deals for medical office space
AAA building and Manatee Avenue retail plaza will undergo renovations for new MAXhealth facilities in Sarasota, Bradenton Sarasota, Fla. (December 22, 2020) – SVN Commercial Advisory Group has managed two deals totaling nearly $6.9 million for Sarasota-based buyer...
Economic Update | December 18, 2020
• The Civilian Unemployment Rate (U-3) fell from 6.9% in October to 6.7% in November. The 0.2% month- over-month decline is the slowest rate of improvement since the Spring shutdown. • While improvement is slowing, U-3 has recovered by 8.0% since April, when the rate...
Economic Update | December 4, 2020
• According to Moody’s Analytics / REIS reporting, signs of distress are spreading in the retail sector. The sector’s vacancy rate rose by 0.2% to 10.4% in the third quarter, reaching a seven-year high. • Average asking rents declined 0.1% from the previous quarter...
SVN Commercial Advisory Group manages sale of $1.49M Historic Crusader Building in Palmetto
Palmetto, Fla. (December 1, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of the 14,526 SF historic “Crusader Building” at 323 10th Avenue in Palmetto. Crusader Properties, LLC was the seller. Palmetto...
Medical office buildings remain sound amid struggling CRE markets
Physicians keep working, take advantage of financing opportunities to help bolster the industry Most people are aware of the difficulties certain sectors of commercial real estate (CRE) have endured during 2020 the wake of the global pandemic. The toll on retail,...
Positive signs are on the horizon for CRE
The announcement of successful vaccine trials and new concepts of employee work environments may be good news for the industry It’s no secret that the COVID-19 pandemic and accompanying lockdown have inflicted severe damage upon the world economy. That’s been...
Economic Update | November 13, 2020
• According to the Bureau of Economic Analysis, the U.S. economy grew at an annualized rate of 33.1% in the third quarter of 2020, the highest reading on record. Of course, the third quarter rebound follows the worst single quarter contraction on record, as annualized...