Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
CBC is pleased to represent the seller in the Watermark of Gulf Breeze Assisted Living Facility sale at 101 McAbee Ct. in Gulf Breeze, Fla—the property sold for $8.2 million. The sales team was able to attract over 6353 buyers with 138 Confidentiality Agreements signed and 16 fully approved bidders before the auction day,
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.
On this episode we are joined by Dan Wagner, senior vice president of government relations for The Inland Real Estate Group of Companies, Inc. to discuss Delaware Statutory Trusts as an alternative or addition to the traditional 1031 exchange.
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.
Society of Industrial and Office Realtors (SIOR)’s latest Q3 2021 broker survey reveals that on-time transactions are at their highest level since the start of the pandemic, while cancelled and on-hold deals are at their lowest level.
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.
If you wondered where all the people moving out of cities’ urban cores are going, the answer is the populace has discovered suburban settings. Recent data from the Census Bureau reveals that American suburban markets are expanding and have experienced a gain of 4.7 million residents between 2010 and 2019.