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Multifamily Property in Sarasota Sells for $11.6 million

Multifamily Property in Sarasota Sells for $11.6 million

Multifamily property located near downtown Sarasota Sarasota, Fla. (October 26, 2021) – SVN Commercial Advisory Group managed a multifamily deal worth $11.6 million for buyer Sarasota Presidential, LLC. The property at 3232 Fruitville Road in Sarasota is a two-story...
Economic Update | April 30, 2021

Economic Update | April 30, 2021

• The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. While the trend has started to re-improve, the current mark remains 4% above its recent low measured...
Economic Update | February 8, 2021

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...
Economic Update | December 30, 2020

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...