Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
At last week’s CBC Western Regional Event in Long Beach, CA, Fred Schmidt, CBC President & COO, spoke with the Long Beach Business Journal about millennials and how they are affecting real estate trends: “For the next 20 to 25 years, Millennials will, for the most part, dictate where you live, work and play.”
Coldwell Banker Commercial NRT sales associates MJ Ridenour and Robert Wainland recently sold 3 single tenant net leased properties totaling $18,796,873.
George Chao of Coldwell Banker Commercial NRT has been named to Asian Real Estate Association of America’s 2016 A-List Top Producers. Congratulations, George!
David Hunter, commercial director for the Central Florida office of Coldwell Banker Commercial NRT, will join a list of expert speakers at RealShare Central Florida on Sept. 7. He’s a panelist on the Active Areas: What’s Driving Commercial Real Estate session.
Coldwell Banker Commercial SC (CBC SC) has recently announced the sale of 96 Corporate Park, a 41,585 square foot multi-tenant, creative space office building to Bomel Construction for $15,050,000. The three-story building was bought as partial owner/user investment opportunity.
CBC announced that NorthGate Realty in Columbus, OH has joined the Coldwell Banker Commercial brand and will now operate as Coldwell Banker Commercial NGR. Patrick J. Shivley Sr., managing partner, will continue to oversee the leasing, sales, and property management divisions.
Fred Schmidt, CBC President & COO, recently commented on brick-and-mortar retail for a feature story in Racked. The story, titled “The Internet Isn’t Killing Malls – Better Malls Are”, explores how retailers and malls that offer amenities, high-end stores and experiences are beating out traditional shopping malls.
Daniel Tyner and Scott Hook, of Coldwell Banker Commercial Advisors, have announced the sale of a Rite Aid property in the City of Murrieta, CA. The property which consists of a 16,708 square foot building sold for $4,700,000 at an approximate cap rate of 5.85%.
The consumers evolving behavior with regard to mobile technology and online shopping has retailers seeing the value in tying together their physical shops with their online offerings, creating a seamless customer experience that’s the best of both.
Beverly Hills-based investment firm Unilev Management has acquired a 15,800-square-foot Hollywood strip center for $13.6 million in an off-market deal.