Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Commercial real estate professional Bruce Heller has been named REALTOR of the Year by the Northern Illinois Commercial Association of REALTORS. Heller is affiliated with Coldwell Banker Commercial NRT. With more than 34 years of experience, Heller successfully meets the needs of his clients in the Chicago area.
The new look is a reminder to clients that Coldwell Banker Commercial professionals are not only committed to providing premium service through consistent professionalism but are still innovative and focused on identifying outstanding outcomes for their clients’ needs.
CBC is pleased to have facilitated the off-market transaction of the former Corey Hill Nursing Home, located at 249 Corey Rd. in Boston. The transaction was valued at $9.5 million. The buyers, GFC Development and 249 Corey Acquisition LLC intend to replace the nursing home site with a 34-unit multifamily property and two single-family homes.
Coldwell Banker Commercial is pleased to represent the buyer in acquiring a 16-unit multifamily complex in Chicago’s Humboldt Park neighborhood for $3.85 million. The four-building, four-story properties, located at 3126-34 W. Walton St., were built in 2010 and mainly comprised of two- and three-bedroom units.
Coldwell Banker Commercial represented the seller in the sale of The Lodge Apartments in Pascagoula, Miss. The property was listed for $10.1 million. The two-story, 209-unit building at 2816 Eden St. was built in 1973 and renovated in 2010. It is situated on 9 acres of land and comprises one—and two-bedroom units.
oldwell Banker Commercial is pleased to have represented the seller, KCCP Charitable Remainder Trust, in the disposition of an office building in Sebastopol, Calif. The property, as part of a 1031 exchange for the buyer, sold for $3,050,000.
Coldwell Banker Commercial announced today that Coldwell Banker Commercial’s Thomas Casey, Justin Nelson, Kyle Schlichenmayer, Deniz Senyurt and Carrie Tatreau were awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, one of the leading commercial real estate associations in the world.
Coldwell Banker Commercial is pleased to have represented the seller in the disposition of 210 Highland Ave., a multistory office building in Needham, Mass. The transaction was valued at $2.67 million. The three-story building totals 6,600 square feet and is on a 0.35 acres lot.
Coldwell Banker Commercial represented the buyer and seller in selling an ambulatory surgery center (ASC) located at 1325 36th St., Ste. B, in Vero Beach, Fla., in a transaction valued at $2.96 million. The property went under contract in less than three months from listing.
Coldwell Banker Commercial aided the seller in the disposition of Bayberry Apartments, a 28-unit multifamily property in Salem, Ore—the property sold for $4 million. Alex Rhoten and Kelsi Sands, with Coldwell Banker Commercial Mountain West Real Estate, represented the seller, a private investor, in the transaction.