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.
Commercial real estate markets appear to be looking beyond the immediate challenges and are considering income prospects over the long term. The industrial sector is lifting prices across global regions in anticipation of further income growth as supply chains adjust to new ways of connecting with consumers worldwide.
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Coldwell Banker Commercial Sunstar Realty, Member of the Schmidt Family of Companies, represented both the buyer and the seller in the sale of a fully insulated metal industrial building in Port Charlotte, Fla. The property was sold for $3.5 million.
Coldwell Banker Commercial is pleased to have represented the seller in the disposition of an outpatient cosmetic surgical/medical office building located at 330 Frontage Rd. in Northfield, Ill. The property sold for $2 million.
Coldwell Banker Commercial has announced the sale of 4260 Capital Circle, located in Janesville, Wis., in a transaction valued at $12.15 million. The industrial property, totaling 150,000 square feet, was built in 2016 and is situated on approximately 13.04 acres.
Many view this infrastructure bill as a generation-defining piece of legislature that when combined with the passing of the reconciliation budget will likely produce a building boom across the U.S. not seen since the New Deal in the 1930s.
Coldwell Banker Commercial represented the buyer and seller in selling a 25-unit multifamily building at 1015 Pierce St. in the San Francisco Alamo Square neighborhood. The transaction was valued at $9.88 million. The acquiring entity purchased the apartment complex to add to its portfolio of holdings.
Coldwell Banker Commercial represented the seller in the disposition of Fairview Estates, a 39-unit multifamily property in St. Paul, Minn., for $5.96 million. The four-story property, located at 1776 St. Clair Ave., was built in 1961 and is mainly comprised of one and two-bedroom units.
The RCA CPPI composite index shows that both global deal volume and commercial property prices climbed to new highs in the third quarter of 2021. Economists at RCA point to this confluence as a sign that buyer expectations are adjusting upward as the market moves past the lows of the worst parts of the pandemic.
Escrow closed last week on a 3,596-square-foot retail space at 1260 N. Town Center Drive in Summerlin. The building sold for $3,710,000 and underwent a hefty renovation to accommodate the current tenant, Starbucks, and the coffee giant’s new prototype store design.