LWR Commercial
Commercial Real Estate: The Worst is Behind
Feb 8th
Marcus & Millichap’s top dog calls the worst behind us and looking forward to absorption picking up.
Commercial real estate loans will be increasing
Feb 8th
From the Herald Tribune
YOU WILL RECALL FROM my column last week that 90 percent, SBA-504 loans are available for small-business owners who would rather own than lease an office building, warehouse, restaurant or other kind of commercial facility.
Borrowers are required to occupy more than half of the building and create or retain jobs as part of the transaction.
Prior to the credit crunch, banks that made these loans had the option of selling them to investors in the secondary market. But the secondary market is frozen and the U.S. Small Business Administration is trying to reinvigorate it.
SBA will guarantee 80 percent of the loan against default. That traditionally means the originating lender will keep the unguaranteed 20 percent portion in its portfolio. In turn, investors unwilling to take any credit risk buy the 80 percent, guaranteed portion.
But in an unexpected twist, SBA is requiring that the unguaranteed portion be parceled out 15 percent to the originating lender and five percent to the broker-dealer who pools the loan with a group of other 504 loans. The pool is sold into the secondary market.
The risk is shared equally by the SBA, the lender and the pool assembler, SBA’s James Hammersley told me. So in the event of default, the remaining assets are divvied up according to each of their percentages.
“The five percent risk retention by the pool originator was a requirement of the enabling legislation,” Hammersley says.
I did not expect the poolers to take any credit risk, since they are not involved in originating the loan or underwriting its quality.
I asked Chris LaPorte of Coastal Securities, a Houston, Texas-based broker-dealer, why this requirement is being imposed on poolers.
“It is unfortunate that the 5 percent retention is a requirement for the pooling process and this will certainly be a determining factor as to whether broker-dealers who are not lenders will want to become pool originators,” LaPorte says. “It is our understanding that the lenders can also serve as pool originators and thereby retain 20 percent and sell the pools into the secondary market.”
LaPorte has not ruled out becoming a pooler. But it is apparent to me that originating banks are in a better position to understand the credit risk and hold the full 20 percent of unguaranteed portion in their portfolio. Furthermore, it is a way for large Wall Street banks that originate these loans to also become poolers and eliminate competition from smaller broker-dealers like Coastal Securities.
We will learn if Wall Street’s heavy hitters win and broker-dealers lose when SBA announces its list of poolers.
“It would be fair to note that, we believe, SBA has received many questions with regard to this program and we expect that there will be further clarifications on procedures,” LaPorte says. “Because of this, I don’t think we can answer your questions with any certainty.”
The good news is that a reinvigorated secondary market for 504 loans will eventually make more highly leveraged, commercial real estate loans available to small-businesses. Until then, local and regional lenders will continue to make 504 loans and hold them in their portfolios.
“Participation in the new program is voluntary,” SBA’s Hammersley says. “Lenders that want to originate and hold 504 first mortgages may continue to do so.”
This story appeared in print on page D14
Copyright © 2010 HeraldTribune.com — All rights reserved. Restricted use only.
Weekly News Roundup
Feb 8th
- That Commercial Real Estate Shoe (“Forbes“)
- Redirecting My Rating Agency Rage (“Atlantic Monthly“)
- International investors look for cheap U.S. real estate trophies (“P&I“)
- FDIC Eyes Plan to Securitize Seized Assets (“GlobeSt.com“)
- RREEF’s Global Real Estate Insights 2010 (“IREI“)
- CoStar makes D.C. move official, buys 1331 L St. NW (“WBJ“)
- Flush REITs Have Loads of Cash, Little to Spend It On (“WSJ“)
- REITs: Better but Not All-Clear (“WSJ“)
- Two-timing distressed funds (“TRD“)
- All Those Little Stuyvesant Towns (“NYT“)
- Threatened Legal Action Over NYC Rent Control Likely to Roil CMBS Market (“CoStar“)
- Macklowe Selling Three N.Y. Towers (“WSJ“)
- D.C. trophy office rents fall 11.7% (“WBJ“)
- Multifamily Lenders Share Their Biggest Concerns For The Road Ahead (“NREI“)
- Battered Industrial Property Sector Poised to Resume Growth (“CoStar“)
- Hotel Delinquencies Skyrocket as Commercial Real Estate Feels Delayed Punch of Recession (“NREI“)
Sam Zell’s Realistic Forecast for 2010
Feb 4th
Real estate mogul billionaire Sam Zell looked past 2010 and made predictions for 2011 and — in the case of new development — laid out a forecast all the way to 2015.
The outlook?
Well, it wasn’t necessarily good. Some would only go so far as to say it was “positive,” or “cautiously optimistic.”
With exception for development — in which case, Zell zinged, developers may as well use the next five years to study in medical school.
Zell, the co-founder and chair of Equity Group Investments, gave his lively talk Friday at the Burnham Moores Center for Real Estate University of San Diego 14th Annual Real Estate Conference.
During his hour-long keynote, Zell chided the federal government for “changing the rules,” took a swipe at President Barack Obama’s 2,200-page health care overhaul, and, no stranger to colorful language, said, “To say we’ve come through a decade of spending too much fucking money would be an understatement.”
Oh, and, he delivered a thorough, some say spot-on look at what’s ahead in commercial estate, noting, “Reports of the demise of real estate have been greatly exaggerated.”
In his forecast, Zell predicted:
– Investors will make deals with commercial real estate owners, using investment capital to pay down an underwater mortgage in return for a favorable equity position in the project. “If there are opportunities in distressed real estate, it’s in buying the debt in return for equity,” he said.
– Occupancy rates will continue to improve, albeit slowly, and at 20-30 percent lower rental rates;
– Multi-family markets will continue to grow and improve through 2011. Zell said on some apartment complexes late last year Equity Residential had more than 40 bidders . “There’s a food fight today to buy assets,” he said;
– The retail and industrial markets will continue to be “survival of the fittest,” and “lifestyle center” – mixed use commercial developments – might as well be “converted into churches, on the theory there’s a lot of space, and based on (Zell’s) assessment, they’re very cheap”;
– New development is a very long way off. “Construction loans are not available today, and they’re very unlikely to be available tomorrow,” he said; and
– A single family market at equilibrium. “The number we see now are much greater impacted by very serious pockets of excess (overdevelopment), as opposed to the broad malaise that occurred a year ago,” he said. Also, he noted, regions including South Florida and cities like Davis, Stockton and San Diego, may see slower recovery, based on excessive inventory. “I don’t think the U.S. housing dream is over,” Zell said, “but if you look back over the last 40 years, every single time the percent of single-family home owners exceeded 62 percent, we got ourselves in trouble. This time, courtesy of subprime loans, we were up to 69 percent. Now we’re at 66 and we need to get to 63, 64 percent before we have a sustainable, affordable single-family market.”
Zell kicked off the event with harsh words for the Obama administration and the Federal Reserve, saying there is a tremendous amount of uncertainty in large part because they are “changing the rules.” And, in order for full recovery, Zell said, “You need a clear concise understanding of what the rules are.”
“Today we find ourselves in the position where the definition of economic policy is designing new forms of bailouts, rather than focusing in on, and in effect, helping the economy grow,” Zell said. “This administration is picking winners and losers.”
Dr. Mark J. Riedy, executive director of the Burnham Moores Center for Real Estate, said he thought Zell’s forecast was “spot-on” and that “uncertainty is clouding things and inhibiting decision making.”
Riedy said he wasn’t the only one who agreed with Zell’s take.
“Generally, the people who approached me afterward said, ‘You know, Sam Zell hit it right on the nail,’” Riedy said. “Not that it was good news, but I like to say he was being realistic.”
Dr. John C. Ferber, director of commercial real estate at the center, said Zell has an “uncanny” knack for forecasting.
“I couldn’t find anything where I disagreed with him,” Ferber said.
Ferber called the prognosis “cautiously optimistic.”
“I thought there was some hope there,” he said.
Joseph Peña is the business editor for San Diego News Network. He can be reached at joseph.pena(at)sdnn.com. Follow him on Twitter @josephpena [1].
REITs Have Plenty of Cash, Scarce Opportunity
Feb 4th
FROM THE WSJ – By ANTON TROIANOVSKI
For public real-estate companies, spending money has turned out to be harder than raising it—even as some signs point to a pickup in big property deals.
Real-estate investment trusts sold $24 billion in new stock last year, raising hopes the companies would be able to profit from commercial-property distress by picking up high-quality real estate at bargain prices.
But publicly traded REITs bought only $4.6 billion of property in 2009, a 67% decline from the previous year, according to research firm Real Capital Analytics.
![[REITCASH]](http://sg.wsj.net/public/resources/images/MI-BB192_REITCA_NS_20100202182416.gif)
With few deals happening and REIT shares now trading at twice their March lows, some executives regret last year’s money-raising binge.
“Today I’m sitting with $125 million in cash that I can’t find investment for,” Stephen Richter, chief financial officer of Weingarten Realty Investors, said in an interview. “If I would have known the markets are where they are today, I certainly wouldn’t have sold a third of the company.”
Weingarten, which owns shopping centers and warehouses in 23 states, sold about $380 million in stock last April, a time its shares were trading at less than half their value of a year before.
REITs are having difficulty doing deals partly because there is a dearth of product on the market. With commercial-property prices some 35% off their peak, most building owners are keeping their best assets off the market. Those properties that do go on the block are attracting a herd of buyers looking to snap up cheap real estate.
Many REIT executives and investors expected the volume of distressed buildings on the market to surge as owners defaulted and lenders foreclosed on property. But while the number of problem loans has been growing, so far this hasn’t translated into many fire sales. Banks have been willing to extend loans rather than foreclosing, and the firms that oversee commercial mortgages bundled into securities have also been slow to sell off distressed assets, market participants say.
“The volume of the properties that are truly distressed and will be sold in a distressed fashion will be significantly less than had initially been thought,” said Bob Steers, the co-chief executive of REIT investor Cohen & Steers Inc.
The scarcity of “for sale” signs has particularly roiled the market for “blind pool” REITs, which raise money from investors in order to build a new portfolio of real estate.
Last week, Terreno Realty Corp., which sought $200 million from investors to snap up warehouses on the cheap, postponed its initial public offering. Research firm Green Street Advisors recommended clients not participate in the offering because the ability “to acquire properties at discounts to underlying fair current-market value is likely to be limited” for industrial real estate. Through a spokeswoman, Terreno Chief Executive Blake Baird declined to comment.
Another prospective blind pool sputtered in December when shareholders in a blank-check company balked at turning their cash over to a management team that would use it to buy strip malls. “People, I think, fundamentally were concerned that we wouldn’t be able to generate the volume of acquisitions or investment opportunities to justify the investment in a blind pool,” said Bill Gerrity, who would have headed up the REIT. Instead, the $288 million blank-check company, Global Brands Acquisition Corp., said it would return its investors’ money.
The best opportunities for REITs may lie in sales of large portfolios by private investors who can’t access capital as readily as public companies. The bigger the portfolio and higher the price tag, the less the competition from other buyers.
In the biggest deal by a REIT since the downturn, mall landlord Simon Property Group Inc. in December said it would buy Prime Outlets, another shopping center owner, for $700 million. The sale gave Prime’s closely held parent, Lightstone Group LLC, cash to address the capital needs of its Extended Stay Hotels chain, which is now in bankruptcy protection.
In another big deal with a private owner, apartment giant Equity Residential on Monday announced a $475 million deal for three Manhattan buildings owned by debt-burdened New York City developer Harry Macklowe. One analyst said Equity Residential may have acquired the apartment buildings for half of what they would have gone for a few years ago.
“The advantage of access to capital will stay around for a while,” said Ross Smotrich, a REIT analyst at Barclays Capital.
But Equity Residential’s other recent deals show bargain-basement prices for high-quality real estate are rare even today, amid the worst commercial-property downturn in a generation. Chief Executive David Neithercut said the company would soon announce the acquisitions of two apartment buildings in the Washington, D.C., area and one in California. He declined to reveal the price paid but said the deals came in at less-eye-popping discounts than the Macklowe buildings.
The reason: Many others—from foreign buyers to private investors with cash to spend—also want to get in on the action.
In October, Equity Residential paid $100 million for a 326-unit apartment complex in Arlington, Va.. The property drew 160 interested parties and 40 offers, a level of interest that Alan Davis, a broker who represented the seller in the deal, said he couldn’t recall in several years of shopping multifamily properties in the Washington area.
Write to Anton Troianovski at anton.troianovski@wsj.com
Positive Sarasota Office Space Absorption
Feb 3rd
Click to see larger image
Many brokers in the Sarasota market are reporting a pickup in leasing activity, and the numbers show that there has already been a modest improvement in the absorption numbers. This is in line with many of the forecasts which call for a long, slow recovery. Many companies are finding that now is the ideal time to expand their operations or establish new locations as they are able to secure very favorable lease terms. While economists have been calling a bottom to housing prices in the area for a while now, I believe we now have concrete indications that the commercial market has also reached the bottom.
I do not believe that we’re going to see the rapid rebound as many previous recessions have had, but I do see that business with solid fundamentals are getting financing and even start-ups are securing cash.
2010 is going to be slow, but there is real value in the office leasing market. And just as our residential brokers saw in 2009, the properties with the greatest long term value will lead the market. I believe those properties can be defined as built in the last 5 years, with nearby amenities and good access to either the I-75 corridor or CBD.
If you or your business are looking to move, start-up or own your own real estate, now is a great time to be in the market. Contact me at (941) 321-7323 or the contact tab at the top of the page for more information.
Anthony Homer
Amendment 4 Could Cost You Your Job
Feb 2nd
“AMENDMENT 4″ LIKELY TO COST 267,247 FLORIDA JOBS, MAJOR ECONOMIC STUDY SAYS
Florida Business and Labor leaders come together to oppose amendment; officially launch “No on 4″ campaign
(Tallahassee, FL – January 26, 2010) Florida business, civic and labor leaders gathered in Tallahassee on Tuesday to hear the report of a top Florida economist showing that Amendment 4 – a proposed change to the state constitution – would lead to heavy job loss and higher costs for Floridians.
“The losses of Florida jobs under the ‘Most Likely Scenario’ are very high,” reported Tony Villamil, economist for Washington Economics Group, the organization that conducted the study. “Amendment 4’s passage will have potentially devastating consequences to Florida’s economy at a time when the economic situation at both the state and national levels is uncertain and at a time when attracting new businesses to Florida is essential for the future recovery and prosperity of the state and its residents.”
The study considers a “Modest” and a “Most Likely” economic impact scenario. The study does not predict a “Worst Case” scenario. According to the study:
Under both scenarios, Florida’s economic dynamism is lost. This would permanently impact the economic growth potential for Florida, causing a steady decline in the standard of living of all Florida residents. Further, permanently impacting employment and growth within major industries and job-generating activities.
“If you like the recession, you’ll love Amendment 4,” said Mark Wilson, President of the Florida Chamber of Commerce. “This amendment will cost jobs, hurt taxpayers and make it more expensive to live in Florida.”
In an unprecedented show of unity, labor and business leaders agreed to jointly oppose Amendment 4.
“It’s not too often that a union leader and a business leader agree on something,” said Frank Ortis, President of the Florida State Council of Machinists and Aerospace Workers. “But we can all see how much Amendment 4 would hurt Florida’s working families. And we are working together to defeat it.”
Ortis and Wilson serve together on the board of Citizens for Lower Taxes and a Stronger Economy, Inc., the group formed to defeat Amendment 4. That organization is chaired by former South Bay Mayor and National League of Cities President Clarence Anthony.
“No single item on the 2010 ballot has the potential to weaken Florida’s economy and hurt Florida’s taxpayers more than Amendment 4,” said Anthony. “If passed, this amendment will trap Florida’s communities in gridlock.”
The economic study indicates that Amendment 4 will also have a major impact on Florida taxpayers. According to the study:
Additionally, Florida’s tax revenues would sharply slow as a result of Amendment 4’s passage as fewer commercial and residential properties will be developed due to the increased costs and uncertainty associated with each comprehensive land-use plan referendum. This would force local and state governments to either raise taxes or cut services. Public schools, public safety and local health care services would suffer from both the direct impact of Amendment 4 (delay construction until the next election) and the indirect impact of fewer tax revenues from which to fund needed operations and capital investments.
If Amendment 4 is adopted, Florida would become the guinea pig for a measure that has never been adopted in any other state in the country. However, the small Florida town of St. Pete Beach adopted a local version of Amendment 4 in 2006. Since then, the town has seen fewer jobs, higher tax rates and endless litigation at taxpayer expense.
“Our experiment in Amendment 4 has turned St. Pete Beach into a battleground for special interests,” said Ward Friszolowski, the former Mayor of St. Pete Beach. “And at a time of economic hardship, it has caused extraordinary damage to our economy.”
“I ask the voters of Florida to learn more about St. Pete Beach– and to learn from our mistakes,” said Friszolowski. “Amendment 4 supporters promise that they’ll give you a ’say on growth.’ Don’t believe it. Don’t let them do to Florida what they already did to my hometown.”
To download press packet: http://florida2010.org/docs/20100125_Press_Packet.pdf
To download study: http://florida2010.org/docs/20100121_Amendment4_Impact_Scenario.pdf
SMR CUP THIS WEEKEND!
Jan 29th
Polo players and cowboys unite for weekend festivities
Rugged cowboys, fresh off the ranch, and polished polo players will join forces this weekend for three days full of fun activities known as the SMR (Schroeder-Manatee Ranch) Cup. The SMR cup is a three-day competition with seven teams of eight players, each comprised of cowboys and polo players, all competing for the coveted Bull Trophy – and bragging rights, of course – to be awarded on Sunday Jan. 31, 2010.
Weekend events include fishing, skeet shooting, roping, cattle penning, polo, and a horse race at halftime during Sunday’s regularly scheduled polo game.
Some of the weekend events are open to the public, and most events are open to the media. The public is invited to see the roping and penning, free of charge, from 2 to 5 p.m. Saturday at the rodeo arena. On Sunday, the public can see the cowboys and polo players compete in a horse race during halftime of the polo match, which starts at 1 p.m. Admission is $10.
The SMR Cup started back in 1991, when Robin Uihlein, president of the Sarasota Polo Club and Roger Hill, then SMR cattle manager, decided to come up with an event to bring the worlds of ranching and polo together.
This year, one of the participants will receive the inaugural Randy Ballard Award, named for an SMR cowboy who took up polo and made himself a competitive player. Ballard died last year after a long battle with cancer.
Weekend Schedule:
Saturday January 30:
- Fishing competition, open to media, 7:30 – 9:30 a.m.
- Skeet shooting competition, open to media, 10 – 12 p.m.
- Calf roping and team penning, open to the public and media, 2 – 5 p.m.
Sunday January 31:
- Cowboy/polo player game, open to media, 9 a.m.
- Regularly scheduled polo game, open to media & public, 1 p.m., gates open at 11:30 a.m.
- Horse race, at halftime, around 2 p.m., open to media and public.
Insight into a strategic default on a commercial loan
Jan 28th
Jan. 25 (Bloomberg) — Guy Langford, head of distressed debt at Deloitte & Touche LLP, and David Ying, a senior managing director at Evercore Partners LLC, talk with Bloomberg’s Pimm Fox.
Commercial Properties for Sale in Lakewood Ranch: 1/28/2010
Jan 28th
Industrial Property for Sale
Creekwood Commons East/Bldg. C at 4920 Lena Road, Bradenton FL, 34211
Industrial Property for Sale
Creekwood Commons East/Bldg. A/B at 4908/4914 Lena Road, Bradenton FL, 34211
Vacant Land Property for Sale
Lakewood Ranch Corp Park Development Site at Communications Parkway, Sarasota FL, 34240
Office Property for Sale
FORECLOSURE – SHORT SALE: Lakewood Ranch Office Bldg at 5581 Broadcast Court, Sarasota FL, 34240
Office Property for Sale
Bank and Office Building – SR-70, Lakewood Ranch at 11509 Palmbrush Trail, Bradenton FL, 34202
Retail-Commercial Property for Sale
San Marco Plaza – Lakewood Ranch at 8209 Nature’s Way 203, Bradenton FL, 34202
Office Property for Sale
UNIVERSITY PARKWAY OFFICES at 2970 UNIVERSITY PARKWAY, Sarasota FL, 34240
Office Property for Sale
Arthur Rutenburg Building at 9415 Town Center Parkway, Bradenton FL, 34202
Industrial Property for Sale
936 sq. ft. Unit – Lakewood Ranch at 7353 International Place, Unit 302, Sarasota FL, 34240
Industrial Property for Sale
741 sq. ft. end unit – Lakewood Ranch at 7353 International Place, Unit 301, Sarasota FL, 34240
Industrial Property for Sale
61,100 sq. ft. Manufacturing Facility at 7040 Professional Parkway East, Sarasota FL, 34240
Retail-Commercial Property for Sale
REDUCED!!! RETAIL STORE SAN MARCO PLAZA IN LAKEWOOD RANCH at 8215 Natures Way, Bradenton FL, 34202
Vacant Land Property for Sale
Heritage Harbour – 14+/- Acre Retail Site at 8350 SR 64 East, Bradenton FL, 34212
Office Property for Sale
Sarasota Memorial Healthcare Center – Heritage Harbour at 1040 River Heritage Boulevard, Bradenton FL, 34212
Office Property for Sale
1838 Rye Rd., Suite B at 1838 Rye Rd., Bradenton FL, 34212
Industrial Property for Sale
Lena Business Center – Close to I-75 – Suite 107 at 3103 81st Court East, Bradenton FL, 34211
Office Property for Sale
Lakewood Ranch Technology Park (Sale) at 7224 Kyle Court, Sarasota FL, 34240
Industrial Property for Sale
Distribution Center at 7321 Trade Court, Sarasota FL, 34240
Office Property for Sale
10530 Portal Crossing 101-108 at 10530 Portal Crossing-Suites 105 & 106, Bradenton FL, 34211
Office Property for Sale
PORTAL CROSSING at 10520 Portal Crossing , Bradenton FL, 34211
Office Property for Sale
LAKEWOOD RANCH OFFICE for SALE at 10520 Portal Crossing, Bradenton FL, 34211
Vacant Land Property for Sale
RICHLAND PLAZA OUTPARCEL at 10608 State Route 64 East & Portal Crossing, Bradenton FL, 34208
Shopping Center Property for Sale
COURTYARDS at MARKET SQUARE at 9114 Town Center Parkway, Bradenton FL, 34202
Office Property for Sale
Creekwood East at 5454 Lena Rd., Bradenton FL, 34211
Office Property for Sale
Creekwood East Suite 104 at 5460 Lena Rd., Bradenton FL, 34211
Industrial Property for Sale
Canterbury Commons at 11033 Gatewood Dr. A-2, Bradenton FL, 34211
Industrial Property for Sale
Lena Commons at 3115 81st Ct. E., Bradenton FL, 34211
Retail-Commercial Property for Sale
Clock Tower – San Marco Plaza in Lakewood Ranch!! at 8113 Nature’s Way, Bradenton FL, 34202
Industrial Property for Sale
Canterbury Commons Professional Park at 11035 Gatewood Dr. A-3, Bradenton FL, 34211
Office Property for Sale
Lakewood Ranch Medical Office Building II at 6310 Health Park Way, Bradenton FL, 34202
Vacant Land Property for Sale
Flagship Rye Road at SR 64 and Rye Road, Bradenton FL, 34206
Industrial Property for Sale
LENA COMMONS – Warehouse Condo Unit 204 at 3115 81st Ct. East Unit 204, Bradenton FL, 34211
Office Property for Sale
Free Standing 20,000+/- SF Office Building In Lakewood Ranch- Sale/Lease at 9009 Town Center Parkway – Lakewood Ranch, Bradenton FL, 34202
Office Property for Sale
DOORBUSTER PRICING ON THIS LAKEWOOD RANCH OFFICE! at 560 Communications Parkway, Sarasota FL, 34240
Vacant Land Property for Sale
4615 Lena Rd at 4615 Lena Rd, Bradenton FL, 34202
Vacant Land Property for Sale
4802 Lena Rd at 4802 Lena Rd, Bradenton FL, 34202
Office Property for Sale
4,800 SF Office Building at 9050 58th Drive East, Bradenton FL, 34202
Retail-Commercial Property for Sale
8205 Natures Way, Unit 111 at 8205 Natures Way, Unit 111, Bradenton FL, 34202
Office Property for Sale
San Marco Plaza #217 at 8209 Natures Way Unit #217, Bradenton FL, 34202
Office Property for Sale
San Marco Plaza #221 at 8209 Natures Way, Bradenton FL, 34202
Office Property for Sale
LAKEWOOD RANCH IRONWOOD BUSINESS PARK BANK OWNED at 7359 INTERNATIONAL PLACE, Sarasota FL, 34240
Vacant Land Property for Sale
LAKEFRONT RESTAURANT SITE at 1 Ranch Lake Boulevard, Bradenton FL, 34202
Vacant Land Property for Sale
I-75 HOTEL SITE at 2 Ranch Lake Boulevard, Bradenton FL, 34202
Vacant Land Property for Sale
LAKEFRONT CORPORATE OFFICE SITE at 3 Ranch Lake Boulevard, Bradenton FL, 34202
Vacant Land Property for Sale
MULTI-FAMILY DEVELOPMENT SITE at 5A Ranch Lake Boulevard, Bradenton FL, 34202
Vacant Land Property for Sale
OFFICE/MEDICAL DEVELOPMENT SITE at 9 Ranch Lake Boulevard, Bradenton FL, 34202
Office Property for Sale
6841 Energy Court at 6841 Energy Ct., Sarasota FL, 34240
Industrial Property for Sale
Ironwood Business Park at 7361 International Place, Sarasota FL, 34240
Vacant Land Property for Sale
Short Sale of Improved and Pad Ready for 8000 to 93,000+/- sf of office in Lakewood Ranch at 8915 77th Terrace East, Bradenton FL, 34202
Office Property for Sale
Lakewood Ranch Office At Incredibly Low Price at 7361 International Place Unit 410, Sarasota FL, 34240
