Viewpoints

Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.

Article 11 - 20 of 189
Jul 26, 2023

Coldwell Banker Commercial Lewis Realty Group Closes Sale Of 93-Plus-Acre C4-Zoned Property In El Paso, Texas

EL PASO, TEXAS (July 25, 2023) – Coldwell Banker Commercial Lewis Realty Group is pleased to announce that it recently completed the sale of a 93.308-acre property located at the southeast corner of Zaragoza Rd. and Montana Ave. in El Paso, Texas. The listing price of the property was $24,386,000. “It was a pleasure to represent the seller, River Oaks Properties, Ltd., and the buyer, Wagner Equipment Company, in the sale of this prime property in a desirable location of El Paso,” said Tommy Lewis, principal of Coldwell Banker Commercial Lewis Realty Group. The 93-plus acre parcel is zoned C4 for commercial development. The buyer, Wagner Equipment Company, is headquartered in Aurora, Colorado. About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Lewis Realty Group, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:Kevin Guhl, kevin.guhl@cbhomeoffice.com 973-407-5916

Jul 26, 2023

Coldwell Banker Commercial Realty Represented Both Sides Of $3.25m Mixed-Use Sturcke Building Sale In Westfield, N.J.

WESTFIELD, N.J. (July 25, 2023) – Coldwell Banker Commercial Realty is pleased to announce that it represented both the buyer and the seller in the $3.25 million sale of the Sturcke building, a 14,630 square-foot, mixed-use structure offering five retail units and 13 second-floor offices. The building is located at 107-115 Quimby Street in downtown Westfield. Douglas Feigel, broker associate with Coldwell Banker Commercial Realty, represented the buyer, Ralph Rapuano, Jr., a local investor who plans to continue the legacy of the building and its use as income-producing, tenanted commercial units. The seller is undisclosed. The one-year listing was under contract in 11 months. “I was happy to work with trusted clients on both sides of the transaction,” said Feigel. “The original property owners constructed and then operated the Sturcke building for decades, followed by the latest seller who were hands-on landlords for more than three decades. Most of the tenants are local to the area and look forward to meeting the new owner. Ralph takes pride in knowing the deal is complete and expects to be hands-on like the previous ownership for many years into the future.” About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin Guhl, kevin.guhl@cbhomeoffice.com973-407-5916

Jul 18, 2023

Coldwell Banker Commercial and CompStak Form Strategic Partnership to Empower Brokers with Comprehensive Commercial Real Estate Data

Madison, N.J. (July 18, 2023) - Coldwell Banker Commercial®, a renowned name in the commercial real estate industry and Anywhere brand (NYSE: HOUS) is pleased to announce its strategic partnership with CompStak, the leading provider of commercial real estate lease and sales comp data. This collaboration brings together two powerhouses in the field, aiming to enable brokers to access accurate, reliable, and up-to-date CRE data. As brokers navigate the dynamic landscape of commercial real estate, having access to granular and vetted data is essential for making informed decisions and driving successful transactions. The partnership between Coldwell Banker Commercial and CompStak aims to address this critical need by leveraging the strengths of both companies' wide-sweeping networks of CRE professionals across the US. CompStak has established itself as a leading provider of CRE data, amassing a vast and diverse database of crowd-sourced commercial property information. Their proprietary technology and robust platform aggregate and authenticate data from a large network of 35,000+ professionals at brokerages and appraisal firms, ensuring accuracy and completeness. With millions of data points on lease comparables, sales comparables, and property information, CompStak has become an indispensable resource for brokers seeking reliable insights. Coldwell Banker Commercial, a highly respected brand with a rich history in the commercial real estate industry, brings its extensive network of brokers and market expertise to the partnership. With a presence across the United States and internationally, Coldwell Banker Commercial is well-positioned to leverage CompStak's data to benefit its brokers and clients. Through this partnership, brokers affiliated with the Coldwell Banker Commercial brand will gain access to CompStak's comprehensive data platform, giving them a competitive edge in the marketplace. Brokerage professionals can now access rental rates, terms, concessions, property details, and other essential data points quickly and conveniently, enabling them to make data-driven decisions and deliver exceptional value to their clients. "We are thrilled to partner with Coldwell Banker Commercial," said Michael Mandel, Co-Founder & CEO of CompStak. "We've had a longstanding friendship with CBC's leadership and its brokers throughout the country who have found tremendous value in our data and analytics platform for years. We're very excited to formalize that relationship and build for the future." "We are excited to join forces with CompStak," said Dan Spiegel, SVP and Managing Director of Coldwell Banker Commercial. "Their dedication to data accuracy and innovation aligns perfectly with our commitment to delivering exceptional service to our brokers and clients. By providing our brokers with access to CompStak's platform, we are further enhancing our ability to meet the evolving needs of the commercial real estate market." This partnership reflects the shared commitment of CompStak and Coldwell Banker Commercial to provide brokers with the resources necessary to thrive in an increasingly data-driven industry. Equipping brokers with accurate and quality data can enhance their market expertise, build stronger relationships with clients, close deals quicker and more efficiently, and thrive in today's ever-changing marketplace.  About CompStakCompStak is the leading platform for reliable and accurate CRE lease and sales comp data. Our data is crowdsourced from a large network of 35,000+ professionals at brokerages and appraisal firms and then rigorously verified by our team of real estate data experts. We are trusted by real estate investors, lenders, asset managers, brokers, and appraisers who rely on our data to drive their business forward.  About Coldwell Banker CommercialThe Coldwell Banker Commercial® brand provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial system comprises almost 200 offices and more than 3,000 affiliated professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.

Jun 20, 2023

Experienced Broker Keren Mizrahi Affiliates with Coldwell Banker Commercial Realty In Sarasota

SARASOTA, FLA. (June 16, 2023) – Coldwell Banker Commercial Realty is pleased to announce that esteemed broker Keren Mizrahi has affiliated with the company, serving its clients in the Sarasota area. With a successful track record spanning over a decade, Mizrahi has been assisting commercial real estate investors on the west coast of Florida since 2010. Her extensive expertise and comprehensive understanding of the market have earned her a stellar reputation as a trusted advisor. Throughout her career, Mizrahi has effectively represented buyers, sellers, tenants, and landlords in a wide range of domestic and international transactions. Her unparalleled knowledge and firsthand experience in managing her own investments have equipped her with the skills to handle even the most complex real estate deals. Born and raised in Jerusalem, Israel, Mizrahi served in the Israeli Defense Army as a combat soldier. She brings a unique multicultural perspective to her work and is fluent in both Hebrew and English, allowing her to serve clients from diverse backgrounds. In her free time, Mizrahi prioritizes her family and actively engages in the local community. As a dedicated mother of three, she has a vested interest in the success of the local school systems and passionately supports youth competitive sports, as well as YMCA training. Mizrahi's exceptional qualifications and commitment to professionalism are reflected in her impressive education and designations. She holds a bachelor’s degree in communications and business management from the College of Management Studies in Israel. Additionally, she is a Certified Commercial Investment Member (CCIM) and holds designations as an Accredited Commercial Professional and Short Sales and Foreclosure Specialist. Mizrahi is an active member of prominent industry organizations such as the Commercial Real Estate Alliance, Florida CCIM Chapter - West Coast District, REALTOR® Association of Sarasota and Manatee, the National Association of REALTORS®, and the North Port Area Chamber of Commerce. As a commercial broker associate, Mizrahi specializes in various investment opportunities within the Sarasota area. Her areas of expertise include office spaces, investment properties, medical facilities, and multifamily properties. Mizrahi's unparalleled market knowledge, combined with her dedication to achieving clients' goals, make her an invaluable asset to the Coldwell Banker Commercial Realty team. To get in touch with Keren Mizrahi and benefit from her expertise, please contact her at 941.726.3816 or via email at keren.mizrahi@cbrealty.com. About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin GuhlEmail: kevin.guhl@cbhomeoffice.com 
Phone: 973.407.5916

Jun 13, 2023

Coldwell Banker Commercial Realty Represented Both Sides of $3.3M Retail Building Sale in North Hollywood

NORTH HOLLYWOOD, CALIF. (June 12, 2023) – Coldwell Banker Commercial Realty is pleased to announce that it represented both the buyer and the seller in the $3.3 million sale of a single-story, 10,192 square-foot single-tenant NNN retail property on 0.29 acres of land at 6522-6528 Laurel Canyon Blvd. in North Hollywood. Eric Sackler, a broker associate with Coldwell Banker Commercial Realty, represented the seller of the “Shoe City” property - a family who has owned the property for more than 50 years. According to Sackler, his three-week marketing period generated 16 offers and closed escrow with an all-cash offer five weeks later. “The tenant is paying below-market rent in an expanding market with only three years left on their lease, providing the buyer an opportunity to either occupy the building themselves or re-tenant it at much higher rents,” said Sackler. “This is a high-traffic corridor of Laurel Canyon in the city of North Hollywood, surrounded by retailers such as Target, Smart & Final, Ross, and Burlington.” About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.  ###Media Contact:
Kevin GuhlEmail: 
kevin.guhl@cbhomeoffice.com
Phone: 973-407-591

May 18, 2023

The Metro Boston Group Expands Reach Into Greater Boston Neighborhoods and South Shore Markets

BOSTON (May 17, 2023) – The Metro Boston Group, a leading real estate firm, is proud to announce the expansion of its commercial sales services into the Greater Boston neighborhoods and South Shore markets. This expansion comes in response to recent successes and client demand for a greater presence in these areas. To lead this expansion, Karim Evans has been appointed as commercial sales advisor. With his wealth of experience in investment acquisition, sales, leasing and asset management, Evans is well-suited to support local businesses and help The Metro Boston Group target the highest and best-use potential of its clients. “Our efforts are dedicated to assisting small to mid-size clients who are often overlooked by larger national and regional real estate companies. Traditionally, these are non-institutional owners, investors, family-owned trusts with generational assets, and developers who are searching for the full level of service they deserve,” said Albert Bouchie, broker advisor of The Metro Boston Group at Coldwell Banker Commercial. “Karim's skills and commitment to building thriving local economies align perfectly with our goal of serving Main Street-Down the Street commercial property owners and investors and helping them reach their full potential.”Evans will be responsible for expanding The Metro Boston Group’s brand awareness by leveraging his extensive market knowledge and client base. He is committed to generating long-term capital appreciation for his clients’ investment portfolios and is always available to answer any questions about the commercial real estate market."We are excited to have Karim on board as our commercial sales advisor,” said Bouchie. “His personal interest in supporting local businesses and dedication to customer service make him a valuable asset to our team.” For more information about The Metro Boston Group's commercial sales services, please contact Karim Evans at (857) 763-7771 or karim.evans@cbrealty.com. For more information about The Metro Boston Group, please visit www.cbcboston.com.About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   ###

May 3, 2023

COLDWELL BANKER COMMERCIAL REALTY FACILITATES SALE OF FORMER BANK OF AMERICA BRANCH IN POMPANO BEACH TO CLARIDGE HOMES

POMPANO BEACH, FLA. (April 26, 2023) – Coldwell Banker Commercial Realty is pleased to announce that it has facilitated the sale of 101 S. Ocean Blvd. in Pompano Beach, formerly a Banker of America branch. The 4,864 square-foot building on .77 acres was sold for $4,522,222.

Apr 18, 2023

Coldwell Banker Commercial paves the way for the future of commercial real estate with new website

MADISON, N.J. (April 18, 2023) – Coldwell Banker Commercial®, an Anywhere (NYSE: HOUS) brand, announces the launch of their all-new website, www.cbcworldwide.com. The new website introduces new ways for commercial real estate users and investors to search for property as well as introduces a new experience for Coldwell Banker Commercial clients and affiliated professionals as they work on transactions. The new search features and tools are housed within an easy to navigate user experience.  “The new Coldwell Banker Commercial website reflects the future of the company and completes our global rebrand,” said David Marine, chief marketing officer of Coldwell Banker Commercial. “We developed this site with the goal of creating a seamless suite of tools that will connect our professionals and allow them to deliver value with just a few clicks. Since our founding in 1906, we have been at the forefront of the commercial real estate industry and with the launch of this new website, we will reaffirm our leadership position.”The new site aims to educate and reinforce the differentiating qualities of the Coldwell Banker Commercial brand. Exclusive to the Coldwell Banker Commercial affiliated brokers and professionals, the new site will offer seamless accessibility and customization, allowing these individuals to provide the best possible service to their clients. Highlights include a personalized dashboard that will allow for lead capture and direct communication in a private deal room, analytics on one’s individual listing(s) as well as the ability to edit listings directly on the website.   Clients and individuals will also have an enhanced visitor experience. They will be able to create their own accounts on the website and setup specific search alerts and notifications based on property type, geographic area and/or industry and interact directly through the website with the Coldwell Banker Commercial affiliated professionals.   “The Coldwell Banker Commercial brand has always been a leader in real estate, we have been pathfinders since 1906,” said Dan Spiegel, SIOR, senior vice president and managing director, Coldwell Banker Commercial. “We will do whatever it takes to ensure that Coldwell Banker Commercial affiliated professionals have access to innovative tools and technology to create exceptional experiences for their clients. Our new website enables our highly collaborative community of professionals to work together with each other and their clients, because when we work together, we win together.”  In addition, the site will feature an updated news section called Viewpoints, where the brand publishes market outlook reports and articles about trending CRE topics, as well as host the brand’s popular podcast – CRE with CBC Worldwide, the Coldwell Banker Commercial Podcast. For more information, visit www.cbcworldwide.com. To watch a video that highlights the new website’s key features, visit https://www.youtube.com/watch?v=NN3tu4sZKb0For Media Inquiries:Curich & WeissCBC@curichweiss.com

Apr 11, 2023

4,000 SQ. FT. BUILDING ON MORE THAN ONE ACRE SELLS FOR $2.7M IN WESTLAKE VILLAGE, CALIFORNIA

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.

Mar 30, 2023

COLDWELL BANKER REALTY FACILITATES 10-YEAR LEASE FOR NEW VIEWS BAR AND GRILL LOCATION IN HOUSTON

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.

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