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.
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.
CBC discusses the short- and long-term implications of climate change on real estate, including adoption of corporate Environmental, Social & Governmental (ESG) initiatives, as well as what markets are the most vulnerable.
We were joined by 17-year commercial real estate vet, Leah Witko, and discussed career pathing, growth, leadership style, & how mentorship has been helpful to all of those facets for both the mentor and the mentee.
Climate change is slowly but surely making its devastating impact worldwide. CBC will explore how the real estate and construction sectors are making efforts to reduce their negative impact on the environment, how climate change impacts investors’ business decisions, and the implications of climate change.
The first half of the year was uncertain as the U.S. began emerging from the cloud of a global pandemic. Not only did the economy need to get re-started, but businesses across the country also sought new ways to energize their brand.