Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Coldwell Banker Tony Hubbard Realty has launched Coldwell Banker Commercial CFL, a new commercial real estate company in Clermont, Florida, providing sales, leasing, and representation services across Central Florida. Broker/owner Kaley Hansen, who took over from her father Tony Hubbard, leads the team, continuing the family legacy with a focus on exceptional client service and community involvement.
Coldwell Banker Commercial Realty has announced the $3.9 million sale of a 14,626-square-foot warehouse space in Charlotte, North Carolina. Represented by Ryan Pilsy, the seller GROR LLC successfully closed the off-market transaction with IG Logistics LLC, who plans to use the property for Industrial Outside Storage (IOS) and as a triple net (NNN) lease.
Coldwell Banker Commercial Paradise has announced the $7,368,000 sale of an 84-acre tract in Vero Beach, Florida, approved for a 175-lot subdivision by Pulte Homes Group. This sale marks a significant transformation from citrus groves to residential development, reflecting broader trends in Florida's evolving real estate landscape.
Coldwell Banker Realty has successfully brokered the $4 million sale of a newly constructed urgent care facility and coffee shop at 19580 Cochran Blvd., Port Charlotte, Florida. Represented by Doris J. Parham, PA, the buyer secured the property with a 6.08% cap rate in an all-cash transaction, closing within 45 days.
Coldwell Banker Commercial Devonshire Realty proudly announces that AJ Thoma III has earned the prestigious SIOR Dual Endorsement for office and industrial real estate, a distinction held by only 181 professionals globally. Thoma, a top producer with over $265 million in transactions, continues to lead in Central Illinois commercial real estate.
Coldwell Banker Commercial Realty and Coldwell Banker Commercial Atlantic successfully brokered the $2.78 million sale of a multi-family property at 2025 Calais Drive in Miami Beach's Normandy Isle. The buyer, 2D Homes LLC, plans to develop the property into a thriving multi-family rental community, meeting the high demand for quality rental units in the area.
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.