Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Coldwell Banker Commercial is pleased to have represented the seller in the disposition of 210 Highland Ave., a multistory office building in Needham, Mass. The transaction was valued at $2.67 million. The three-story building totals 6,600 square feet and is on a 0.35 acres lot.
Are you looking to start a business or invest in a new market? Factors such as job opportunities, population growth, crime rates, housing affordability, quality of life, employment rates, higher education, and cost of living are crucial when choosing a new market to invest in as a business owner, tenant, or property owner.
Coldwell Banker Commercial represented the buyer and seller in selling an ambulatory surgery center (ASC) located at 1325 36th St., Ste. B, in Vero Beach, Fla., in a transaction valued at $2.96 million. The property went under contract in less than three months from listing.
Coldwell Banker Commercial aided the seller in the disposition of Bayberry Apartments, a 28-unit multifamily property in Salem, Ore—the property sold for $4 million. Alex Rhoten and Kelsi Sands, with Coldwell Banker Commercial Mountain West Real Estate, represented the seller, a private investor, in the transaction.
On this podcast Julie Appleton and Tom McGovern from Realogy Holdings join us to discuss commercial real estate leasing, and how the both the process and physical leases have morphed due to pandemic pressures.
Gentrification is a controversial topic in many markets in the U.S. because it can significantly impact specific areas and residents in those communities. According to Million Acres, some of the poorest and most distressed urban neighborhoods across the country have experienced revitalization via gentrification and redevelopment.
Coldwell Banker Commercial represented the buyer in the acquisition of Silver Creek Apartments, a 224-unit multifamily property in Las Vegas. The property sold for $35 million.
Coldwell Banker Commercial is pleased to have represented the buyer in acquiring a student housing complex in Los Angeles adjacent to the University of Southern California—the property sold for $8.9 million. With Coldwell Banker Commercial NRT, Robert Ip represented the buyer in the transaction.
Coldwell Banker Commercial is pleased to have represented both the buyer and the seller in the sale of Rim Forest Lumber Co., located in Rimforest, Calif. The business sold for $3.8 million, and the five properties the business operated out of sold for $3.6 million, for a combined $7.4 million.
Coldwell Banker Commercial represented the seller in the off-market disposition of a vacant 103,000-square-foot retail anchor building in the Valle Vista Mall in Harlingen, Texas. The sale price was undisclosed. Daniel Galvan, CCIM, SIOR, principal broker of Coldwell Banker Commercial Rio Grande Valley, represented the seller.