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WeWork Bankruptcy, CRE Prices, Apt Declines | Economic Update

WeWork Bankruptcy, CRE Prices, Apt Declines | Economic Update

by SVN Commercial Advisory Group | Nov 10, 2023

WEWORK BANKRUPTCY, CRE IMPACT On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of the remote-work revolution. Over the previous decade, including before...
In CRE Deals, There’s No Substitute for Due Diligence

In CRE Deals, There’s No Substitute for Due Diligence

by SVN Commercial Advisory Group | Nov 9, 2023

By Mike Migone, CCIM Senior Investment Advisor   Investing in commercial real estate (CRE) can be a lucrative venture, but it comes with its share of risks and challenges. Paying heed to due diligence is one of the ways to help mitigate those factors. It’s...
2024 CRE Outlook, Home & Retail Sales | Economic Update

2024 CRE Outlook, Home & Retail Sales | Economic Update

by SVN Commercial Advisory Group | Oct 27, 2023

Gross Domestic Product Real GDP rose by 4.9% during the third quarter of 2023, its fastest pace since the fourth quarter of 2021, according to the advanced estimate from the Bureau of Economic Analysis (BEA). Continuing the post-pandemic storyline, robust consumer...
Jobs, Office Floorplates, Troubles in China | Economic Update

Jobs, Office Floorplates, Troubles in China | Economic Update

by SVN Commercial Advisory Group | Oct 16, 2023

Check out the latest economic update from SVN Research as of October 13 on all things affecting commercial real estate markets including office floorplates, home affordability, jobs, and more.   September Jobs Report The US economy added 336,000 new jobs in...
SVN Facilitates $38 Million Sale of Fort Myers Property In Record Breaking Deal

SVN Facilitates $38 Million Sale of Fort Myers Property In Record Breaking Deal

by SVN Commercial Advisory Group | Sep 29, 2023

Current tenant Topgolf will continue leasing the Fort Myers property for another 18 years   Fort Myers, FL (September 29, 2023) – In a significant real estate transaction that underscores the strength of the Fort Myers market, SVN Commercial Advisory Group has...
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