The Looming Dec. 31 Opportunity Zone Deadline: What It Means For Investors
On Dec. 31, when the rest of the world is getting ready to usher in the new decade, opportunity zone investors will face an important deadline: the last day on which they can make an investment in a qualified opportunity fund and get the full benefit of the new...
CoStar Economy: Trade Deals Bring Relief, for Now
Plenty of Headwinds Still Pose Risk “By 2020, tariffs already imposed or announced would shrink global GDP by 0.8%. That is equivalent to the whole economy of Switzerland.” - New IMF Managing Director Kristalina Georgieva, as the IMF further cut its global growth...
DeMarcay Luxury Condos Set Groundbreaking Date
The condo project will mark the beginning of the process for preserving the two historic façades and selected interior materials from the former hotel and cigar factory situated on the current site. A rendering of the new DeMarcay condo. IMAGE: COURTESY PHOTO The...
Florida Gulf Coast Condo Nears Completion
Blvd Sarasota to Offer City, Water Views A luxury condominium on Florida’s Gulf Coast has reached a construction milestone that puts the 18-story building on pace to open in the spring. Core Development of Wichita, Kansas, said its Blvd Sarasota project at 1224...
SVN Commercial Advisory Group manages sale of Class A, Medical Surgery Center in Bradenton for $3.6M
SARASOTA, Fla. (October 9, 2019) – Senior Advisors, Tony Veldkamp, CCIM and Bob Morris of SVN Commercial Advisory Group recently coordinated the purchase and sale of a 9,580 SF, 1.1 acre, Medical Surgery Center in Bradenton. BATH, LLC, was the seller, represented by...
SVN Commercial Advisory Group Manages Sale of Multifamily Asset in Historic Laurel Park District
SARASOTA, Fla. (October 8, 2019) – Senior Advisor, Peter Bartys of SVN Commercial Advisory Group recently coordinated the Sale of the 5-Unit "Poet Carriage House" in the Historic Laurel Park District of Downtown Sarasota. 525 Rawls Inc., was the Seller, represented by...
SVN Commercial Advisory Group Manages Sale of The Beach Club at Anna Maria for $3.7M
SARASOTA, Fla. (October 8, 2019) – Senior Advisor, Mike Migone,CCIM of SVN Commercial Advisory Group recently coordinated the sale of the 20,996 SF, 14-unit Beach Club at Anna Maria in Bradenton Beach. Raps Development, LLC, was the seller. The buyer was Jacaranda...
CoStar Economy: Trade War Looms Over Fed Deliberations
"Economists are really good at saying we just had a recession. They are not so good at expecting a recession.” –NY Fed President John Williams The trade war left its bruises all over the latest data reports. The ISM Manufacturing Index, an index of business confidence...
Life Insurers Boost Multifamily Lending as Rental Demand Grows
Industry May Finance Up to $120 Billion Over Five Years, Insurance Companies Say Life insurance companies, already increasing their lending for multifamily property sales this year, say their appetite for that type of financing could go higher in 2020. Industry...
Fed Cuts Interest Rates to Try to Cushion US Economy From Global Headwinds
CoStar Analysis: US Central Bank Now Must Gauge Effects of Recent Changes The Federal Reserve reduced its policy rate by 25 basis points to a target range of 1.75% to 2%, the second interest rate cut from the central bank in two months, as data indicates a slowing...