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Behind the Surge in Lumber Prices

Behind the Surge in Lumber Prices

If you follow the commodities markets, you might wonder why bling isn’t made of wood instead of gold these days. Builders can get lumber if they wait and are willing to pay through the nose. Construction is more expensive, with obvious impacts on strategies at all...
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...
Downtown Sarasota BB&T office building sold for $35 million

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...
Economic Update | January 15, 2021

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...