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Proposed Tax Changes, Delta Variant & Retail Resiliency

Proposed Tax Changes, Delta Variant & Retail Resiliency

Economic Update | Mid-September 2021 • Economic growth downgraded slightly in July and August, according to the September release of the Federal Reserve’s Beige Book. Manufacturing, transportation, non-financial services, and residential real estate stood out as...

Laser Lounge Spa Brings Flagship Location to Downtown Sarasota

Laser Lounge Spa Brings Flagship Location to Downtown Sarasota

Four-story med spa building in downtown Sarasota will become flagship location for Laser Lounge Spa SARASOTA, Fla (September 16, 2021) – SVN Commercial Advisory Group has managed the $3.35 million sale of a four-story building that housed the John Carl Spa & Salon...

CPPI, Federal Reserve, CRE Underwriting | Economic Update

CPPI, Federal Reserve, CRE Underwriting | Economic Update

• According to the Real Capital Analytics commercial property price index (CPPI), commercial property prices maintained their momentum through July, growing an average of 1.2% from a month earlier. Moreover, the national all-property type CPPI is up a robust 11.8%...

Medical Office Property in Venice Sells for $1.6M

Medical Office Property in Venice Sells for $1.6M

Venice, Fla. (September 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 5,500 SF medical office building at 842 Sunset Lake Boulevard in Venice. The seller was Gulf Coast Urology Properties, LLP. The buyer...

Are 1031 Exchanges in Jeopardy Under the Biden Administration?

Are 1031 Exchanges in Jeopardy Under the Biden Administration?

In a recent Green Street report, sources say that “while prior administrations have suggested ending 1031 exchanges, chances are better now that it will happen.” Congressional deal-making, as well as posturing overtures by the Biden Administration, has created an...

Return to Office, Census Figures, Sub-Sectors | Economic Update

Return to Office, Census Figures, Sub-Sectors | Economic Update

• A survey by Morning Consult that tracks employees’ appetite for returning to the office showed that sentiment has fallen in recent weeks, with only 55% of workers saying that they feel comfortable returning to the office. According to the report, the share had...

Tampa Bay Hospitality Update | Is the Market dead?

Tampa Bay Hospitality Update | Is the Market dead?

Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...