100% occupied Lakewood Heart office building sold to local investors

by: Louis Llovio Commercial Real Estate Editor

LAKEWOOD RANCH — The Lakewood Heart office building in Sarasota has sold for $5.35 million.

The building, at 6771 Professional Parkway, was bought by a local investor.

According to a statement announcing the sale, the buyer is LWR Offices LLC. The [...]

Did you know that Sarasota has been consistently ranked as one of the best places to live?

Our beautiful Florida city has been ranked by U.S. News & World Report as:

#1 in Best Places to Retire
#2 in Best Places to Live in Florida
#5 in Safest Places to Live
#6 in Best Places to Live in Florida for Families
#9 in Best Places to [...]

This Spring Presents Sellers with a Golden Opportunity

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one.

If that’s the case, you should know – you may be able to get the best of both worlds [...]

The homebuying process comes with a language all its own, and two of the terms you may have heard are prequalified and preapproved. While both can be essential parts of obtaining a mortgage and buying a home, you may not know what they mean. Check out the information below to learn how each term may benefit you during your home [...]

Key Terms for Homebuyers

Some Highlights

• Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford.
• Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection
[...]

Key Factors That Impact Affordability Today

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now [...]

How Global Uncertainty Is Impacting Mortgage Rates

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate [...]

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Why It’s Critical To Price Your House Right

When you make a move, you want to sell your house for the highest price possible. That might be why many homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many homes are selling for more than asking price. Data from [...]

What is the Bay Runner Trolley?

The Bay Runner is an open-air trolley that provides complimentary service seven days a week, until midnight, with multiple stops along the way between Lido Key, St. Armands Circle, and downtown Sarasota. Continuous service is provided throughout the [...]