Economic Update | February 23, 2021
• According to Real Capital Analytics, hedonic cap rates for Industrial properties held at their all-time low through Q4 2020, finishing the year at an even 6.0%. Between strengthening property fundamentals and lower benchmark interest rates, oppositional pressures...
SVN CAG helps statewide offices post solid year, despite pandemic
Sarasota, FL office ranks third statewide as CRE advisors thrive in uncertain times Sarasota, Florida (Feb. 22, 2020) – SVN Commercial Advisory Group has ranked third in total volume among the 20 SVN Florida locations, with two advisors receiving Achiever designations...
Economic Update | February 8, 2021
• According to the Bureau of Economic Analysis’ advance estimate, fourth-quarter GDP grew at a seasonally and inflation-adjusted annual rate of 4.0% from the previous quarter. Despite a slowdown in improvement after the Summer’s initial snapback, Q4’s reading...
Downtown Sarasota BB&T office building sold for $35 million
By Laura Finaldi One of Sarasota’s most recognizable downtown office buildings has been sold to a Miami firm for $35 million. The nine-story, 550,000-square-foot BB&T Financial Center at 1800 Second St. in Sarasota was purchased by Tricera Capital of Miami. The...
What the US’ Return to the Paris Climate Accord Means to CRE
For clues about what Biden will do, federal property owners should look to President Obama’s 2015 Executive Order that established sustainability goals. President Biden recently signed an Executive Order to put the US back in the Paris climate accord. Kurt Stout,...
Economic Update | January 15, 2021
• The yield on a 10-year US Treasury Bill rose to 1.13% as of Friday, January 8th, 2021— the highest level since March 18th, 2020. • The yield curve, a measure of interest rate differences between short-dated and long-dated securities, has similarly continued along a...
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...