The Coldwell Banker Commercial® brand(CBC) is a worldwide leader in the commercial real estate industry, and is part of the oldest and most respected national real estate brand in the country, Coldwell Banker Real Estate. Coldwell Banker Commercial is an Anywhere (NYSE: HOUS) brand, a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
On this podcast Julie Appleton and Tom McGovern from Realogy Holdings join us to discuss commercial real estate leasing, and how the both the process and physical leases have morphed due to pandemic pressures.
Gentrification is a controversial topic in many markets in the U.S. because it can significantly impact specific areas and residents in those communities. According to Million Acres, some of the poorest and most distressed urban neighborhoods across the country have experienced revitalization via gentrification and redevelopment.
Coldwell Banker Commercial represented the buyer in the acquisition of Silver Creek Apartments, a 224-unit multifamily property in Las Vegas. The property sold for $35 million.
Coldwell Banker Commercial is pleased to have represented the buyer in acquiring a student housing complex in Los Angeles adjacent to the University of Southern California—the property sold for $8.9 million. With Coldwell Banker Commercial NRT, Robert Ip represented the buyer in the transaction.
Coldwell Banker Commercial is pleased to have represented both the buyer and the seller in the sale of Rim Forest Lumber Co., located in Rimforest, Calif. The business sold for $3.8 million, and the five properties the business operated out of sold for $3.6 million, for a combined $7.4 million.
Coldwell Banker Commercial represented the seller in the off-market disposition of a vacant 103,000-square-foot retail anchor building in the Valle Vista Mall in Harlingen, Texas. The sale price was undisclosed. Daniel Galvan, CCIM, SIOR, principal broker of Coldwell Banker Commercial Rio Grande Valley, represented the seller.
Coldwell Banker Commercial Sunstar Realty, Member Schmidt Family of Companies, represented the seller in the sale of a retail property currently housing the Majestic Restaurant Lounge and Event Center, located in Orlando, Fla. The property was sold to a private investor for $3.3 million.
Coldwell Banker Commercial represented the buyer in acquiring a marina site in Fort Pierce, Fla—the property sold for $5.8 million. Frank J. Strazzulla and Philip P. Strazzulla, commercial real estate professionals with Coldwell Banker Commercial Paradise, represented the buyer.
The significant spike in build-for-rent demand has made the single-family residential rental product the fastest-growing trend in homebuilding today. According to the Pew Research Center, more U.S. households are occupied by renters than at any point since the 1960’s.
Coldwell Banker Commercial represented the seller in selling a Parkway Pointe retail property in Springfield, Ill—the property sold for $2.25 million. Blake Pryor, a commercial real estate professional with Coldwell Banker Commercial Devonshire Realty, represented the seller.