Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Coldwell Banker Commercial George Realty successfully brokered the $38 million sale of the newly constructed Holiday Inn & Suites at 400 S. Atlantic Blvd. in Monterey Park. This 136-room hotel, part of the Atlantic Times Square project, enhances the rapidly developing area with its modern amenities and prime location.
Coldwell Banker Commercial Read & Co. successfully brokered the $6 million sale of Forest Hill Shopping Center in Lynchburg, VA, a prime 82,000 sq. ft. value-add property. The new owner, Swintstorage Conversion Fund, LLC, plans to transform the space into a mixed-use facility with indoor and outdoor storage, including RV and boat storage.
AJ Thoma of CBC Devonshire facilitated the sale of 400,000sf of office space in three buildings for $17.5M to Illinois State University
Coldwell Banker Commercial West successfully marketed and sold two multifamily properties in Bellflower, California for $14.2 million. Representing both the seller and buyer, Tom Papoulias highlighted the significant rental growth potential of the 1959-constructed buildings, which attracted six offers within 10 days.
Coldwell Banker Commercial Realty’s Todd Glaskin and Gregg Leppo closed a $5.68M deal for a 0.27-acre site at 13-17 Allen Street, Somerville, approved for 40 residential units. The prime location, steps from Union Square and near Cambridge, attracted strong interest despite rising interest rates.
Coldwell Banker High Country Realty today announced that it has launched a commercial real estate division and will be known as Coldwell Banker Commercial High Country Realty, providing commercial real estate services and support for sales and leasing of commercial properties, as well as representation of owners and occupiers, across the Northeast Georgia, Western North Carolina, Southeastern Tennessee market.
Coldwell Banker Commercial Quality Properties is proud to announce the $2.6 million sale of 8727 Tampa Avenue in Northridge, a multi-tenant office/retail space in the San Fernando Valley.
Coldwell Banker Commercial expands its services in Missoula, MT by affiliating with Coldwell Banker Commercial Drew Warne Advisory Group, led by John Drew. Located at 121 Hickory Street, the team offers expert commercial real estate services backed by a global network.
Coldwell Banker Commercial Blair successfully sold eight fourplexes in Redondo Beach for $14,040,000, with the Multi-Family Team facilitating a seamless exchange into out-of-state triple net options. This transaction doubled the sellers’ net-operating income and eliminated management responsibilities, showcasing the team’s expertise in high-value multifamily deals.
Coldwell Banker Commercial Realty, in collaboration with Jayne Friedberg of Coldwell Banker Realty Brookline, has successfully represented the seller in selling a premier mixed-use property at 43-45 Harvard Street in Brookline Village. This transaction highlights the strength of the Brookline market and the ongoing demand for mixed-use properties in strategic, high-traffic locations.