Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.
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. GlobeSt.com caught up with Hunter to find out more about what he’s seeing ahead of the conference.
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Recent years have seen a boost in repurposing projects for underutilized industrial properties around the country. This has positive effects on areas that had become urban “dead zones,” breathing new life into disused neighborhoods.
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%. Daniel Tyner and Scott Hook, represented the sellers in this transaction. The property is located along the major retail corridor of California Oaks Road, right off the 15 Freeway in Murrieta.
The last couple of years have seen growing participation in the U.S. commercial market by international investors. This can be attributed in part to the relative strength of the U.S economy, and the transparency of transactions here. Foreign investors, including sovereign funds, which have large amounts of capital to park in a safe place, are attracted by low interest rates and favorable spreads. Capital preservation and higher yields are the main draw for international buyers to the U.S. market.
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. This is omni-channel retail, and it is shaking things up for retailers and the logistics industry.
You’ve seen the signs. In most every city in the country, a new type of fitness facility has been cropping up offering specialized services. The boutique fitness concept is a major trend, and has an impact on the CRE market.