Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Coldwell Banker Commercial Devonshire Realty has announced the $11.5 million sale of a 182,084-square-foot warehouse in Champaign, Illinois. Represented by AJ Thoma III, the property, intended for use by an agricultural chemical company, successfully closed after navigating tenant relocation delays and a period of vacancy.
Coldwell Banker Commercial Realty has announced the $21 million sale of Coventry Square Apartments in Upland, California. Represented by Endri Hoxha and Philip Batlin, the off-market transaction highlights MJW Investments' commitment to value-add opportunities, while the sellers, represented by Sarah Hillhouse, were impressed by the smooth and professional process.
Coldwell Banker Realty has announced the $3.3 million sale of a five-acre parcel on SW 328th Street in Homestead, Florida, set to be rezoned for light industrial use. Represented by Marvin Arrieta, the property offers prime development potential near the Homestead Park of Commerce and major companies like Amazon.
The Coldwell Banker Commercial brand recognizes and celebrates the top affiliated award winners across multiple categories in the past year.
Coldwell Banker Tony Hubbard Realty has launched Coldwell Banker Commercial CFL, a new commercial real estate company in Clermont, Florida, providing sales, leasing, and representation services across Central Florida. Broker/owner Kaley Hansen, who took over from her father Tony Hubbard, leads the team, continuing the family legacy with a focus on exceptional client service and community involvement.
Coldwell Banker Commercial Realty has announced the $3.9 million sale of a 14,626-square-foot warehouse space in Charlotte, North Carolina. Represented by Ryan Pilsy, the seller GROR LLC successfully closed the off-market transaction with IG Logistics LLC, who plans to use the property for Industrial Outside Storage (IOS) and as a triple net (NNN) lease.
Coldwell Banker Commercial Paradise has announced the $7,368,000 sale of an 84-acre tract in Vero Beach, Florida, approved for a 175-lot subdivision by Pulte Homes Group. This sale marks a significant transformation from citrus groves to residential development, reflecting broader trends in Florida's evolving real estate landscape.
Coldwell Banker Realty has successfully brokered the $4 million sale of a newly constructed urgent care facility and coffee shop at 19580 Cochran Blvd., Port Charlotte, Florida. Represented by Doris J. Parham, PA, the buyer secured the property with a 6.08% cap rate in an all-cash transaction, closing within 45 days.
Coldwell Banker Commercial Devonshire Realty proudly announces that AJ Thoma III has earned the prestigious SIOR Dual Endorsement for office and industrial real estate, a distinction held by only 181 professionals globally. Thoma, a top producer with over $265 million in transactions, continues to lead in Central Illinois commercial real estate.
Coldwell Banker Commercial Realty and Coldwell Banker Commercial Atlantic successfully brokered the $2.78 million sale of a multi-family property at 2025 Calais Drive in Miami Beach's Normandy Isle. The buyer, 2D Homes LLC, plans to develop the property into a thriving multi-family rental community, meeting the high demand for quality rental units in the area.