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...
SVN Commercial Advisory Group manages sale of $1.975 million, 1.44 acre development site in Sarasota, FL.
SARASOTA, Fla. (September 17, 2019) – Senior Advisor, Mike Migone,CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 1.44 acre parcel of land in Sarasota, FL. Tembo Enterprises, LLC, was the seller. The buyer was Tamiami Trail Apartments, LLC....
SVN Commercial Advisory Group Manages Sale of 2 Acre Redevelopment Site in Bradenton
Bradenton, Fla. (September 9, 2019) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of a 2 acre, 44-unit Mobile Home Park at 3708 Manatee Avenue West, in Bradenton. Alfred Wiesbauer, was the seller. Horne Development...
SVN Commercial Advisory Group manages sale of Opportunity Zone Property in North Sarasota
Sarasota, Fla. (September 9, 2019) – Senior Advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of a 6,300 SF retail space, located in an opportunity zone, in northern Sarasota. Robert Jamieson, was the seller. C&P Properties...
Venice Native, Thomas Trammell III joins SVN Commercial Advisory Group in Sarasota, Fla.
SARASOTA, Fla. (September 6, 2019) – SVN Commercial Advisory Group is pleased to announce the addition of Thomas Trammell III, to the team. Trammell has been active in the area for over a decade, focusing on retail and industrial leasing and will continue to do so,...
SVN Commercial Advisory Group manages sale of key property on Longboat Key
Longboat Key, Fla. (September 5, 2019) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of 5 vacant parcels totaling 27,000 + SF on Palm Drive, Longboat Key. Migone represented the Sellers, William and Jennifer Saba....
Alex Robinson joins SVN Commercial Advisory Group’s Specialty Team Focused on National Single Tenant Investment Real Estate
SARASOTA, Fla. (September 5, 2019) – SVN Commercial Advisory Group is pleased to announce the addition of Associate Advisor, Alex Robinson. Alex, who has recently relocated from Dayton, Ohio, will join the SVN Capital Net Lease team (www.capitalnetlease.com), a...
Hotel Revenue Growth Is Slowing, But Not Expected To Crash In A Downturn
Labor cost increases have eclipsed hotel revenues for the last three years, yet hotel analysts say the industry is still prepared to weather future economic hits. Two recent U.S. hotel reports paint an industry picture of slowing growth. Revenue per available room,...