Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.
The Coldwell Banker Commercial brand recently rolled out a new client facing website. Listen to this episode to hear insights from Co-Founder and CEO of Brevitas, Ardian Zagari, as he shares insights he learned building a successful commercial real estate business, how we are taking those best practices and applying them to CBC as well as what is in store for the future development of CBCWorldwide.com
On this month’s ICYMI, we recap our successful Global Conference, share details on the upcoming CBCWorldwide.com website and highlight some Thought Leadership resources now available.
The 2023 Coldwell Banker Commercial® Global Conference was an incredible event where attendees had the chance to brush up on their commercial real estate knowledge and skills, brush elbows with professionals from all over the country, and have some fun, too. X CBC professionals and guests attended the three-day conference in Chicago’s Swissotel Hotel from March 28-30, 2023. The conference featured world-class industry and CBC speakers, learning breakout sessions, networking opportunities and more.
WESTLAKE VILLAGE, CALIF. (April 7, 2023) – Coldwell Banker Commercial Quality Properties is pleased to announce that it represented the seller in the sale of an approximately 4,000 square-foot building on an area of approximately 1.06 acres, located at 530 Hampshire Road in Westlake Village, California. The transaction closed for $2.7 million.
The Real Estate Round Table recently released its 2023 Q1 Sentiment Survey, a comprehensive measure of industry experts’ confidence and expectations regarding the commercial real estate environment. As we’ve observed throughout the first quarter of 2023, the real estate market has been uncertain and incredibly volatile due to the historic increases in short-term interest rates and soaring inflation.
Although opportunities to acquire distressed CRE have been few and far between thus far, conditions may lead to a significant uptick in the sale of troubled office assets in the coming years. It’s long due, as industry observers have been anticipating a wave of distressed office listings since the pandemic’s onset first unsettled the office market.
MADISON, N.J. (March 30, 2023) – Coldwell Banker Commercial®, an Anywhere (NYSE: HOUS) brand, announced its 2022 award recipients across numerous Coldwell Banker Commercial leadership categories at this year’s annual Global Conference held in Chicago.
HOUSTON (March 30, 2023) – Coldwell Banker Realty is pleased to announce that it has facilitated the lease for 5636 Richmond Avenue in Houston, which will be opened as the newest location for Views Bar and Grill. The 10-year lease has an estimated gross value of $3.5 million. The 8,700 square-foot retail space is located in Houston’s Galleria shopping district.
CANOGA PARK/CHATSWORTH, CALIF. (March 27, 2023) – Coldwell Banker Commercial Quality Properties is pleased to announce that it represented both the buyer and seller in the sale of an approximately 48,550 square-foot, multi-tenant industrial property located in the communities of Chatsworth and Canoga Park, Los Angeles.
As we discussed in part 1 of our Adaptive Reuse Deep Dive, this trend is understandably becoming more and more desirable for cities and developers alike. In part 2, we are outlining the appeal of adaptive reuse for developers, the environmental and economic benefits and the way it better serves the community compared to new construction and gentrification.