Tampa Redevelopment Site in Valrico Sold For $1.6M
Valrico, Fla. - June 2, 2021 – The property located at 1812 E. Brandon Boulevard in Valrico, FL sold for $1,600,000. The Seller was RT Tampa Franchise, LP. The buyer was One Oak Development of Clearwater, FL. The seller was represented by John Milsaps of SVN Coastal...
What the Stimulus Measure Offers CRE
The bill extends temporary relief from Troubled Debt Restructuring under the CARES Act for an additional year, to January 1, 2022. Finally, Congress has passed another stimulus measure, a $900 billion bill that includes several provisions beneficial to commercial real...
Economic Update | November 13, 2020
• According to the Bureau of Economic Analysis, the U.S. economy grew at an annualized rate of 33.1% in the third quarter of 2020, the highest reading on record. Of course, the third quarter rebound follows the worst single quarter contraction on record, as annualized...
SVN Commercial Advisory Group, Coastal Commercial Advisors tally five Q2 deals topping $1 million each
Advisors guided clients through the economic uncertainty caused by COVID-19 to coordinate 63 transactions Tampa, Florida (July 29, 2020) – Despite the economic challenges in the wake of the COVID-19 pandemic, advisors from the SVN Commercial Advisory Group and SVN...
Coronavirus Pandemic Will Be Uncomfortable, Not Catastrophic
The outbreak of COVID-19 will certainly be a decrease in real estate demand drivers, but there will be some great buying opportunities. The coronavirus pandemic has substantially disrupted the global economy in weeks, and there is a wave of uncertainty taking over the...
Amid Coronavirus, Landlords Gage Potential Vacancies for Financial Impact
As we look at the Coronavirus spreading with no immediate end in sight, the question is not whether it will adversely impact businesses; the question is how many companies will be affected and to what extent, Ailon Velger, chief product officer at property technology...
Tampa office values, along with rents, have climbed in the past decade
New study says office values are up nearly 30% over the past decade; experts see more growth on the horizon. The value of Tampa Bay office properties has jumped by nearly 30% in the past decade, the result of rent growth and the prospect for further appreciation,...
Apartment Complex Doubles in Value in Record-Setting Florida Market
Exclusive: Colorado REIT Acquires The Slade at Channelside From Joint Venture A real estate investment trust paid $85 million for an apartment complex in downtown Tampa, Florida, a 294-unit property that more than doubled in value over the past four years in the...
SVN Commercial Advisory Group manages sale of $6.1M Industrial asset in Bradenton
Bradenton, Fla. (January 3, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of 2, fully leased industrial buildings totaling 52,650 SF at 5103 & 5107 Lena Road in Bradenton, FLA. Maraba, LLC, was the...
SVN Commercial Advisory Group manages Sale of 10+/- Acres in North Port
SARASOTA, Fla. (December 20, 2019) – Senior Advisor, Tony Veldkamp, CCIM and Advisor, Matt Fenske of SVN Commercial Advisory Group recently coordinated the sale of a 10+/- acre, 3 parcel land plot in North Port, FL. Toledo Blade Developers, LLC was the buyer. Purchase...