Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Many view this infrastructure bill as a generation-defining piece of legislature that when combined with the passing of the reconciliation budget will likely produce a building boom across the U.S. not seen since the New Deal in the 1930s.
Coldwell Banker Commercial represented the buyer and seller in selling a 25-unit multifamily building at 1015 Pierce St. in the San Francisco Alamo Square neighborhood. The transaction was valued at $9.88 million. The acquiring entity purchased the apartment complex to add to its portfolio of holdings.
From August through October 2021, total sales were up 15.4% from the same period a year ago. U.S. retail and food service sales for October alone were $638.2 billion, up 1.7% from the previous month despite rising inflation and supply chain disruptions.
Coldwell Banker Commercial represented the seller in the disposition of Fairview Estates, a 39-unit multifamily property in St. Paul, Minn., for $5.96 million. The four-story property, located at 1776 St. Clair Ave., was built in 1961 and is mainly comprised of one and two-bedroom units.
This was a BUSY month to say the least at CBC. Listen to this episode for updates on Operation Pathfinder, upcoming events, thought leadership content, new marketing products and more!
The RCA CPPI composite index shows that both global deal volume and commercial property prices climbed to new highs in the third quarter of 2021. Economists at RCA point to this confluence as a sign that buyer expectations are adjusting upward as the market moves past the lows of the worst parts of the pandemic.
Escrow closed last week on a 3,596-square-foot retail space at 1260 N. Town Center Drive in Summerlin. The building sold for $3,710,000 and underwent a hefty renovation to accommodate the current tenant, Starbucks, and the coffee giant’s new prototype store design.
CBC is pleased to represent the seller in the Watermark of Gulf Breeze Assisted Living Facility sale at 101 McAbee Ct. in Gulf Breeze, Fla—the property sold for $8.2 million. The sales team was able to attract over 6353 buyers with 138 Confidentiality Agreements signed and 16 fully approved bidders before the auction day,
Commercial real estate professional Bruce Heller has been named REALTOR of the Year by the Northern Illinois Commercial Association of REALTORS. Heller is affiliated with Coldwell Banker Commercial NRT. With more than 34 years of experience, Heller successfully meets the needs of his clients in the Chicago area.
On this episode we are joined by Dan Wagner, senior vice president of government relations for The Inland Real Estate Group of Companies, Inc. to discuss Delaware Statutory Trusts as an alternative or addition to the traditional 1031 exchange.