Archives March, 2014

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Appreciating Home Prices

Homebuyer_112631996Like many potential buyers and sellers, if you find yourself puzzled by where home prices are going, you are not alone.  In addition to overall U.S. economic conditions, so many uniquely local variables influence home prices that even the most seasoned housing experts seldom agree on how much—or how little—prices are expected to rise over the next five years.

Heightened Demand
On one important indicator, however, there is agreement.  The ever-quickening economic recovery is leading to significant levels of job creation; and thus to a major resumption in new household formations that had largely been put on hold during the recession.  In other words, today’s high levels of housing demand are expected to continue.

With these newly-formed households and first-time home buyers having to compete with large investors and other buyers amid steep declines in housing inventories, home prices have generally risen across the country.   Moreover in popular resort and retirement-friendly destinations such as ours, international buyers and retiring Baby Boomers are exerting that much more upward pressure on prices.   The upper end of the market both here and around the world—excluding such large international hubs as New York City and London—have been the slowest to recover. (more…)

Christie’s International Real Estate Delights in a Trip to Our Gulf Coast

Our worldwide luxury affiliate, Christie’s International Real Estate, paid a visit to Michael Saunders & Company this month. Rick Moeser, Senior Vice President and Southeast Regional Manager, spent several days meeting with our agents and managers while also previewing some of our finest Manatee, Charlotte, and Sarasota homes for sale. With over $100 billion in collective real estate sales worldwide, Christie’s draws upon their success as one of the world’s oldest art auction houses to market high end properties to the most discerning of clientele. As the representative for Christie’s southeast region, covering the Caribbean, Latin America, and other parts of Florida, Rick is able to use this marketing powerhouse to expose our region’s properties on a global level. “The Gulf Coast stands out because of the variety you can find from Boca Grande to Bradenton,” Rick expressed. “And when compared to Palm Beach and Miami, the Sarasota area still demonstrates really good value.” (more…)

Saunders Commercial Sale and Lease Report for March 1, 2014

Michael Saunders & Company is proud to announce several successful closings and leases made possible through the professional representation of our agents who work each day to fulfill the unique needs of commercial buyers, leasers and sellers. For the week ending March 1, 2014: 8260 Pascal Drive_MasseySALE Seller: Suntrust Bank Buyer: Davy Bratcher Address: 8260 Pascal Drive, Punta Gorda, FL 33950 Type of Space: 5,822 SF Industrial Building Selling Price: $250,000 List and Sale Side: MS&C Agents, Eric Massey and Sarah Lancaster 3231 Gulf Gate Drive_MasseyLEASE Landlord: TK & Ratna Satya Tenant: River’s Edge Community Church Address: 3231 Gulf Gate Drive, Unit #201, Sarasota, FL 34231 Type of Space: 2,500 SF Office Space (Renewal) List Side: MS&C Agents Eric Massey and Sarah Lancaster Sale Side: Associates Realty, Inc. 7290 55th Avenue East_MasseyLEASE Landlord: Twelve Oaks Plaza, LLC Tenant: Ocean Blue Pool Supply Address: 7236 E. 55th Avenue, Bradenton, FL 34203 Type of Space: 1,400 SF Retail Space (Expansion List and Sale Side: MS&C Agents Eric Massey and Sarah Lancaster LEASE Landlord: HJB Properties Tenant: Dream Maker Bath & Kitchen Address: 816 Manatee Avenue East, Suite #102, Bradenton, FL 34208 Type of Space: 2,784 SF Office Space (Relocation) List and Sale Side: MS&C Agent Ben Bakker 2424 Manatee Avenue West_BakkerLEASE Landlord: HJB Properties Tenant: Game On Nation, LLC Address: 2424 Manatee Avenue West, Suite #211 & #212, Bradenton, FL 34205 Type of Space: 898 SF Office Space (Relocation) List and Sale Side: MS&C Agent Ben Bakker 7359 International Place_KoltonSALE Seller: Iberia Bank Buyer: Runcton Properties, LLC Address: 7359 International Place, Sarasota, FL 34240 Type of Space: 10,266 SF Industrial Building Selling Price: $595,000 List Side: MS&C Agents, Bob and Roberta Kolton Sale Side: Interstate Commercial Brokers 2061 Englewood Road_SchaperSALE Seller: Marjan & Donna Kmiec Buyer: BD New Beginnings, Inc. Address: 2061 Englewood Road, Englewood, FL 34223 Type of Space: 9,164 SF Office Building List Side: MS&C Agent Larry Schaper, CCIM Sale Side: MS&C Agent Peggy Mock LEASE Landlord: High Properties Tenant: Waterite America, Inc. Address: 6411 Parkland Drive, Suite #103, Sarasota, FL 34243 Type of Space: 20,655 SF Industrial Building (New Business) List Side: High Associates Sale Side: MS&C Agents DeLieto & Associates 6620 19th Street East2_KoltonLEASE Landlord: HJB Properties Tenant: A/C Today Address: 6620 19th Street East, Unit #113, Sarasota, FL 34243 Type of Space: 3,180 SF Industrial Space (Renewal) List and Sale Side: MS&C Agent Bob and Roberta Kolton 2265 Industrial Blvd._KoltonLEASE Landlord: Mark & Geri Scott Tenant: John M. Smith, ETAL Address: 2265 Industrial Blvd., Sarasota, FL 34234 Type of Space: 2,960 SF Industrial Space (Renewal) List Side: MS&C Agents Bob and Roberta Kolton Sale Side: Keller Williams Realty 2811 Tamiami Trail_SchaperLEASE Landlord: Fred & Anne Swing Tenant: Ruhl Law, P.A. Address: 2811 Tamiamo Trail, Suite O & P, Port Charlotte, FL 33952 Type of Space: 1,920 SF Office Space (Relocation) List and Sale Side: MS&C Agent Larry Schaper, CCIM 1201 6th Avenue West_BakkerLEASE Landlord: HJB Properties Tenant: Rolimps Moise Address: 1201 6th Avenue West, Suite #306, Bradenton, FL 34205 Type of Space: 900 SF Office Space (New Business) List and Sale Side: MS&C Agent Ben Bakker S2189 Ringling Blvd._MasseyALE Seller: Bonus Properties, Inc. Buyer: P. Christopher Jaensch, P.A. Address: 2189 Ringling Blvd., Suite #103, Sarasota, FL 34236 Type of Space: 900 SF 1,479 SF Office Space Sale Price: $204,435 List and Sale Side: MS&C Agents Eric Massey and Sarah Lancaster LEASE Landlord: 1st Property Group, Inc. Tenant: Regan Stacey Address: 239 Field End Street, Sarasota, FL 34240 Type of Space: 2,000 SF Industrial Space (New Business) List Side: MS&C Agents DeLieto & Associates 1777 Main Street_DeLietoLEASE Landlord: Suntrust Bank Gulf Coast Tenant: Kimley_Horn & Associates, Inc. Address: 1777 Main Street, Suite #200, Sarasota, FL 34236 Type of Space: 9,426 SF Industrial Space (Relocation) List Side: MS&C Agent Susan Goldstein, CCIM Sale Side: Newmark, Grubb, Knight & Frank 2811 Tamiami Trail_SchaperLEASE Landlord: Fred and Anne Swing Tenant: Linda Fickett Address: 2811 Tamiami Trail, Suites D, E & F, Port Charlotte, FL 33952 Type of Space: 2,824 SF Retail Space (Renewal and Expansion) List Side: MS&C Agent Larry Schaper, CCIM Sale Side: National Real State Realty

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St. Armands Circle: Why You’ll Wish You Had $13 and a Time Machine

Stock111 For many, St. Armands Circle is the center of Sarasota. I spoke with Kathleen Hurley, a Midwest native, who used to vacation on this barrier island on the coast of Sarasota as a young child. In her adult years, she came back to town and grew very confused when she discovered there was a bridge to the mainland…and a place called Sarasota. “I remember walking hand in hand with my grandfather to get ice cream cones at Big Olaf,” Hurley shared. “We had a favorite spot for lobsters and celebrations, and Charlie’s Crab (now Crab & Fin) meant I got to personally choose my grandmother’s dress and accessories for the evening, which was one of our favorite things to do together, well that and endless gin rummy when it rained.” (more…)



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