Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
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.
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.
Coldwell Banker Commercial announced five brokerages joined the brand in the first half of 2021. Nationwide growth in the first half of 2021 also includes additional leadership roles in expanding markets.
Coldwell Banker Commercial announced today that three of the brand’s brokerage professionals, Michael Salik, Virginia “Ginny” Squire and Rob Thomas, were awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, one of the leading commercial real estate associations in the world.