news Archives - Viewpoints - Coldwell Banker Commercial

Dec 26, 2024

Coldwell Banker Commercial Paradise Completes $7,368,000 Sale of Former 84-Acre Citrus Grove to Pulte Homes Group

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.

Dec 20, 2024

New Urgent Care and Coffee Shop in Port Charlotte, Fla. Sells for $4M

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.

Dec 4, 2024

AJ Thoma III, CCIM, SIOR, Earns Rare SIOR Dual Endorsement

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.

Dec 4, 2024

Coldwell Banker Commercial Realty And Coldwell Banker Commercial Atlantic Facilitate Sale of 10-Unit Multi-Family Property in Miami Beach, Fla.

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.

Dec 3, 2024

Holiday Inn & Suites in Monterey Park, Calif. Sells For $38M, Part of La Metro Revitalization Plans

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.

Dec 2, 2024

Coldwell Banker Commercial Read & Co. Completes $6m Sale of Forest Hill Shopping Center in Lynchburg, Va.

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.

Nov 26, 2024

AJ Thoma III, CCIM, SIOR, Facilitates $17.5M Sale of Country Financial Campus to Illinois State University for Future Engineering Campus

AJ Thoma of CBC Devonshire facilitated the sale of 400,000sf of office space in three buildings for $17.5M to Illinois State University

Nov 18, 2024

Prime Los Angeles-Area Multifamily Investment Properties with Significant Rental Growth Potential Sold for $14.2m

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.

Oct 24, 2024

Glaskin, Leppo Of Coldwell Banker Sell Prime Somerville Site Approved For 40 Units For $5.68m

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.

Oct 22, 2024

Coldwell Banker High Country Realty Launches Coldwell Banker Commercial Division

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.