Archives - Page 18 of 66 - Viewpoints - Coldwell Banker Commercial

Aug 24, 2022

COLDWELL BANKER COMMERCIAL BROKERS SALE OF MULTI-TENANT OFFICE BUILDING IN LA MESA, CALIF. FOR $3.5 MILLION

LA MESA, Calif. (August 24, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the sale of a multi-tenant office property located at 7840 El Cajon Blvd. in La Mesa, Calif. in a transaction valued at $3.5 million.

Aug 23, 2022

Is Neighborhood an Amenity? Left Lane Ventures Discusses How It Can Be

On this Episode, Tom Hershey is joined by Michael Pink, the President of Left Lane Ventures, a developer of boutique, multi-family, urban infill projects ranging in size from 12 to 75 units. Michael discusses how Left Lane’s unique development strategy is benefiting communities and businesses alike.

Aug 23, 2022

Inflation in the Economy Impacting Commercial Real Estate

Inflation has been on everyone’s minds lately as increased prices are affecting the entire economy and driving up costs for food, consumer goods, labor, housing, and commercial real estate. To help curtail inflation, the Federal Reserve Bank has been raising the target interest rate with three increases since March of this year for a total increase of two full percentage points. By increasing interest rates, the fed works to cool demand for products and services (by dissuading borrowing) which helps prices come back down to a more normalized growth rate. That means payments normally made with borrowed funds, such as real estate, become even more expensive. In fact, the 2% increase in interest rates equates to about 40% higher payments for borrowers of commercial real estate who typically borrow funds with a 20-year amortization rate. I was recently listening to the Commercial Investment Real Estate Podcast produced by the CCIM Institute and Martha Peyton, PhD., who is the global head of real estate research at Aegon Asset Management. Peyton shared some interesting observations on inflation and its effect on commercial real estate. Through analyzing historical data, she noticed that when inflation hits, people look to purchase CRE as an inflation hedge. While this is a fact supported by past transactions, she delved deeper to find out why. One of the main reasons that CRE is a sound investment during inflationary periods is that commercial leases have escalation clauses giving the landlord the ability to pass along common area maintenance (CAM) costs to the tenant, so as costs increase, net income remains strong. Short-term leases, such as apartment leases which are often one-year, are especially good because rents and terms can be adjusted easily. This is exactly what Redfin reported as happening, with asking prices for rental housing increasing an average of 17% this year nationally.

Aug 22, 2022

COLDWELL BANKER COMMERCIAL BROKERS LEASE OF SPACE FOR RADIO STATION IN PANAMA CITY BEACH, FLA.

PANAMA CITY, Fla. (August 22, 2022) Coldwell Banker Commercial is pleased to announce the lease execution of 1,974 square feet of space used for radio broadcasting for WGSX-FM Gold Standard Broadcasting Inc., d/b/a 104.3 ESPN Northwest Florida, the local affiliate for ESPN. The space is located at 204 Ellen Ln, Ste. B in Panama City Beach, Fla.

Aug 16, 2022

How Green is the Office Space in Your City?

CBC frequently discusses real estate’s impact on the environment. In the past, the CBC team has researched ESG (Environmental, Social, Governance) initiatives and how to incorporate those values into a business model, the negative impact real estate has on climate change mitigation, and steps many companies are taking to reduce their carbon footprint. Fortunately, we are seeing investors and developers become increasingly interested in improving the quality of our built environment. According to a new report by 42Floors, as many as half of the top office projects in the U.S. due for completion in 2022 reflect that interest in sustainability-oriented building practices. In this blog, we will discuss the three cities in the U.S. that have the greenest office space with data from 42Floor’s “How Green is U.S. Office Space? Mapping Top Cities & Tracking 10 Years of Development (2010-2020)” report.

Aug 15, 2022

COLDWELL BANKER COMMERCIAL BROKERS SALE OF LANDMARK, MEDICAL OFFICE BUILDING IN EDINBURG, TEXAS

Photos Courtesy of Coldwell Banker Commercial Rio Grande Valley: Download Images

Aug 10, 2022

COLDWELL BANKER COMMERCIAL BROKERS SALE OF MULTIFAMILY BUILDING IN SAN JOSE, CALIF. FOR $7.85 MILLION

Photos by Coldwell Banker Commercial Realty: Download Images

Aug 9, 2022

2022 MID-YEAR UPDATE: Appetite Still Strong

Following record-highs from 2021, commercial real estate activity has remained elevated in 2022 – led by multifamily

Aug 9, 2022

Growth and Franchising

On this episode, Christina Balas is joined by Matt Kornfeind, Senior Director of Growth at Coldwell Banker Commercial. With over 15 years in the industry, he is driven and deeply cares for his clients' successes. Moreover, he has witnessed changes in the commercial franchising landscape and is an expert of how to best leverage a brand to grow in the commercial real estate space.

Aug 9, 2022

The Hottest Rental Markets in 2022

Since the start of 2022, there’s been a massive wave of new residents streaming into Florida. Remote work, warm weather, and looser COVID restrictions have played a significant role in the Sunshine State becoming the most sought-after region by renters this year. Miami specifically is considered the hottest rental market in the nation. In fact, demand for apartments in Southern Florida is stronger than ever, making it difficult for apartment hunters to find a place to call home. According to a report by RentCafe, this is due to high occupancy, low supply, and record-high lease renewal rates.