Commercial sales signal active market
A spate of recent sales illustrate that while the region’s residential market remains sluggish, commercial real estate here continues to be highly sought after.
The trend of recent transactions, involving nearly a half-dozen high-profile properties, also underscores how capital is still flocking to land and buildings.
The transactions involve the former Cheetah Technologies building in Manatee County; Horizon Mortgage Corp.’s headquarters in Towles Court in Sarasota; the 294-room Hyatt Sarasota; one of a pair of former Arthur Andersen structures on Fruitville Road; and a swath of beachfront land on Siesta Key.
In all, the deals involve a total of $130 million.