Professional Park in Bradenton Sells for $11M

Bradenton, Fla. (December 28, 2021) – Senior Advisor, Tony Veldkamp, CCIM of SVN Commercial Advisory Group helped to coordinate the sale of a 100,000 SF office professional park on Cortez Road in Bradenton. The seller was SugarOak Wildewood. The buyer is Fullerton...

Office Building in Bradenton Sells for $432,000

Bradenton, Fla. (December 8, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 3,000 SF office building at 104 53rd Avenue East in Bradenton, FLA. The seller was Debra Clark. The buyer was Tim Burnell. The...

The Pandemic Takes Another Shot at the Office Asset Class

Occupancy fell by 2 million square feet as of November, compared to the third quarter in 2021.   Even before the emergence of the Omicron variant, office asset class recovery started to falter in the face of the ongoing recovery. Occupancy fell by 2 million...
Apartments, Cap Rates, GDP | Economic Update

Apartments, Cap Rates, GDP | Economic Update

GDP Economic growth slowed in the third quarter, settling at an annualized growth rate of 2.0% after an increase of 6.7% in the second quarter. Thursday’s advanced estimates come in below most economists’ forecasts. The latest Wall Street Journal Economic Forecasting...