Coldwell Banker Howard Perry & Walston Launches Full-Service Commercial Division With Strategic Raleigh Headquarters
50-Year North Carolina Residential Powerhouse Expands into Commercial Brokerage to be known as Coldwell Banker Commercial HPW Select
Raleigh, NC (August 2026) – Coldwell Banker Howard Perry & Walston announces the launch of its full-service commercial real estate division, HPW Select, opening with 14 commercial professionals and a flagship office at 1001 Wade Avenue, Suite 111, in Raleigh, North Carolina. The expansion represents a natural and strategic progression for one of North Carolina's most trusted residential real estate agencies, building on more than 50 years of market leadership, 15 statewide offices, and a network of over 700 residential agents.
"Our agency's expansion into a full-scale commercial division reflects the same principles that have guided us for more than 50 years: leadership, reach, and a commitment to delivering real value," said Chris Walston, President of Coldwell Banker Howard Perry & Walston. "With our statewide reputation, long-standing relationships with investors and developers, and a proprietary 360-degree land analysis platform, we are uniquely positioned to serve the Raleigh metro market most important specialty sectors, from development land and large tract assets to private equity investments, build-to-rent syndications, and innovative investment models shaping today's market. Above all, we remain committed to helping our clients as a trusted partner in Raleigh’s next era of expansion.”
The commercial division launches during one of the strongest growth cycles in North Carolina's real estate history, with recent research indicating rapid expansion across industrial, office, mixed-use, and large-scale development sectors. North Carolina consistently ranks among the highest growth business environments in the nation, continuing to attract national corporate migration and sustain population growth, two trends that create dynamic opportunities for sophisticated investors and developers.
Coldwell Banker Commercial HPW Select will serve private equity groups, build-to-rent syndications, private funds, and other investment models reshaping the market. The division will leverage an innovative dual affiliation pathway, allowing qualified residential agents to expand into commercial practice while maintaining their existing relationships, support systems, and access to the agency's powerful in-house referral network.
"The commercial real estate market is at an inflection point, and Coldwell Banker Commercial HPW Select is uniquely equipped to lead during this transformational period,” said Daniel Spiegel, SIOR, Senior Vice President and Managing Director of Coldwell Banker Commercial. “Our partnership offers the tools needed to scale rapidly while maintaining the trust and personalized service clients expect. This is the type of strategic expansion that strengthens our entire commercial ecosystem."
"The Coldwell Banker brand represents the best industry-leading practices, global reach, and technological excellence," added Randy Cox, CEO of Coldwell Banker Howard Perry & Walston. "Partnering with Coldwell Banker Commercial was a natural progression after decades of residential success. Their management standards, technology solutions, and operational support give us a competitive advantage, positioning us to scale rapidly, operate with excellence, and deliver value to our agents and clients."
"By harnessing the global strength of Coldwell Banker Commercial, the reputation and reach of HPW residential, and our detailed understanding of the North Carolina markets, we will deliver institutional-quality and highly trusted service to every commercial real estate transaction we support” said Don Croteau, Broker in Charge of HPW Select.
The Raleigh headquarters will serve as the anchor office for Coldwell Banker Commercial HPW Select statewide commercial expansion, leveraging the agency's existing network of 15 offices and multi-regional presence to connect clients with commercial opportunities across North Carolina's most important markets.
For more information, please reach out to Jay Nelson, HPW Chief Marketing Officer; nelsonj@hpw.com
About HPW Select
HPW Select is the new commercial division of Coldwell Banker Howard Perry and Walston (HPW), one of North Carolina's leading real estate companies. Built on a foundation of integrity, innovation, and exceptional client service, HPW has helped generations of buyers, sellers, investors, and businesses achieve their real estate goals while remaining deeply committed to the communities it serves. Established in 1972, HPW has consistently been ranked #1 as the largest residential real estate company in the region by Triangle Business Journal.
About Coldwell Banker Commercial
Coldwell Banker Commercial a trusted leader in commercial real estate, delivering expert solutions across office, retail, industrial, and multifamily properties globally. Serving owners and occupiers with specialized leasing, acquisition, and disposition services, Coldwell Banker Commercial brings over a century of proven expertise to every transaction. Founded in 1906 in San Francisco, the company has grown to include a network of 182 independently owned and operated affiliates as well as owned brokerage and 3,330 professionals. Ranked No. 1 in local market presence and expertise according to CRE professionals, the company spans 50 countries, offering clients personalized, results-driven services tailored to meet diverse real estate needs. Trailblazers in the industry, Coldwell Banker Commercial boasts a long-standing reputation for dedication, integrity, and transparency while continuing to rank among the Top 15 commercial real estate brands in the U.S. based on sales volume. Coldwell Banker Commercial is a part of Compass International Holdings (NYSE: COMP), a global real estate services company with a presence in every major U.S. city and in approximately 120 countries and territories. For more information, visit cbcworldwide.com.
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