Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
From August through October 2021, total sales were up 15.4% from the same period a year ago. U.S. retail and food service sales for October alone were $638.2 billion, up 1.7% from the previous month despite rising inflation and supply chain disruptions.
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.
This was a BUSY month to say the least at CBC. Listen to this episode for updates on Operation Pathfinder, upcoming events, thought leadership content, new marketing products and more!
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.