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.
Coldwell Banker Commercial SC (CBC SC) has recently announced the sale of 96 Corporate Park, a 41,585 square foot multi-tenant, creative space office building to Bomel Construction for $15,050,000. The three-story building was bought as partial owner/user investment opportunity.
CBC announced that NorthGate Realty in Columbus, OH has joined the Coldwell Banker Commercial brand and will now operate as Coldwell Banker Commercial NGR. Patrick J. Shivley Sr., managing partner, will continue to oversee the leasing, sales, and property management divisions.
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%.
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.
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.
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.