Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
This is a story about two family trees in commercial real estate that are stronger and growing because of bifurcation, or in human terms, multi-generations working together to provide enriched services to their customers.
If your organization is like most others, you have multiple team members in different locations or working remotely from home or another area. Whatever the case, these remote team members usually interact with your in-office employees, making it crucial to have systems in place to allow this communication.
Since COVID-19 is spread largely by people coming into close contact with one another (within 6 feet), apartment buildings and multifamily dwellings are at higher risk, with an increased risk of an infected tenant unintentionally spreading the virus to neighbors and other residents. This phenomenon is known as community spread.
The coronavirus has devastated the restaurant industry in a way that was not anticipated. Businesses have closed, curtailing their income streams and employment. Restaurants have contracted with their lenders and landlords based on an economic model that will likely no longer exist.
No matter where you turn to get your news, you’re likely to be bombarded by anything and everything related to COVID-19 right now. The full impact of this novel virus on our world has yet to be fully understood. You’ve probably heard the term “unchartered water” more than once, perhaps the best way to describe today’s environment.
This Mother’s Day, we celebrated our mother, Carol Lewis, who isn’t just our mom but our business partner at Coldwell Banker Commercial Lewis Realty Group. To honor her, we want to share the story of our business and the invaluable lessons she taught us about integrity and dedication.
Chicago is well known for being nicknamed “the windy city.” Some say it is because of the cold winds coming off Great Lake Michigan. Others say the nickname originated from the residents who allegedly were well-known for being braggarts. Yet, some say the real reason Chicago is the windy city is because of the hot air and tall tales uttered from the mouths of politicians.
When purchasing any commercial property, it is important to know its history and find out if there might be environmental contamination that could impact the property's plans or the occupants. Conducting a Phase 1 Environmental Site Assessment (ESA) is important to thoroughly evaluate a property.
Rural landscapes are changing, and those changes are impacting commercial real estate. Living in a rural community has unique issues, obstacles and benefits when it comes to commercial real estate. The secret is diversification, according to Ben Bates, broker/owner of Coldwell Banker Ben Bates.
Midlife often triggers change. This may mean changing your car to a sporty model, changing your hair to a new color and style, and, on occasion, changing your career. Coldwell Banker Commercial is an ideal landing space for those considering such a move.