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...
Economic Update | October 30, 2020
According to Real Capital Analytics’ hedonic cap rate series, apartment cap rates ticked down a minuscule two basis points between Q2 and Q3 2020, settling at 5.23%. Conversely, RCA’s transaction cap rate series ticked up by 20 bps, signaling that there are widening...
Economic Update Mid-October
• According to RCA’s transaction database, across all property types, Apartment cap rates widened by the largest margin in August, surging by 60 bps to 5.79%. The increase represents the Apartment sector’s largest month-over-month increase on record as part of RCA’s...
Economic Update October 2020
According to REIS, the Affordable Housing Sector has gone mostly unaffected through the pandemic as of Q2 While the national vacancy rate is up by 10 bps from the same time a year ago, they ticked down by 10 bps from Q1, settling at 2.4%. Rents are up 1% from the...
Two new team members join SVN Commercial Advisory Group
Mary O’Malley, Richard Lurk II to help strengthen group’s market presence in Southwest Florida Sarasota, Florida (September 30, 2020) – The SVN Commercial Advisory Group in Sarasota, Fla., is welcoming two new team members. The move is part of the group’s...
SVN Commercial Advisory Group manages the purchase of $1.76 million, Medical Office Investment Property
BRADENTON, Fla. (September 22, 2020) – Advisor, Jeff Jamison, MBA of SVN Commercial Advisory Group recently coordinated the purchase of a 5,766 SF Medical Office Investment Property at 6310 Health Park Way in Bradenton. A professional medical group of 18 doctors was...
SVN Commercial Advisory Group manages sale of $1.8M Land Development Site in Bradenton
Bradenton, Fla. (August 10, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of 8.16 acres of land at 14503 East State Road 64 in Bradenton. Coastal Development of Bradenton, LLC was the seller. Seered 64, LLC...
SVN Commercial Advisory Group’s Gail Bowden wins high national honors
GlobeSt.com Women of Influence Award 2020 recognizes career achievements, outreach and mentorship Sarasota, Fla. (August 7, 2020) – Highly esteemed commercial real estate advisor Gail Bowden with the SVN Commercial Advisory Group has received honors as a Woman of...
SVN Commercial Advisory Group, Coastal Commercial Advisors tally five Q2 deals topping $1 million each
Advisors guided clients through the economic uncertainty caused by COVID-19 to coordinate 63 transactions Sarasota, Florida (July 29, 2020) – Despite the economic challenges in the wake of the COVID-19 pandemic, advisors from the SVN Commercial Advisory Group and SVN...