Downtown Sarasota BB&T office building sold for $35 million

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 sale, which closed...

Tax Cuts and Jobs Act

Senior housing qualifies for a critical exception The Treasury Department is completing several multi-year tax regulatory projects that primarily relate to the Tax Cuts and Jobs Act of 2017 before the new Biden Administration. Chief among them are procedures for...

Economic Update | December 30, 2020

New Economic Stimulus Agreement  Congress agreed to a $900B economic 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...