Emerging Trends, Cap Rates & Office Demand | Economic Update

Emerging Trends in Real Estate  In PwC’s report on Emerging Trends in Real Estate for 2022, respondents highlighted a range of influential factors likely to impact real estate outcomes over the next year, including climate change, remote work, investor capital,...
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...

Mike Migone, CCIM Coordinates Purchase of 6.5+ Acres in Venice

Venice, FLA. (October 6, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of 6.51 acres at 2791 Jacaranda Boulevard in Venice, FL. The seller was Englewood Bank & Trust. The buyer was Home Planet Real Estate,...

CRE Companies Put Old Hotels to New Uses

The hospitality industry may be hurting, but that doesn’t mean hotel real estate has to.   If you find yourself with a batch of lemons, the wise move is to make lemonade. What if you’ve got hotel properties in a down hospitality market? Luckily, you’ve got some...

Economic Update | December 4, 2020

Retail According to Moody’s Analytics / REIS reporting, signs of distress are spreading in the retail sector. The sector’s vacancy rate rose by 0.2% to 10.4% in the third quarter, reaching a seven-year high. Average asking retail rents declined 0.1% from the previous...