Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
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.
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.
The new look is a reminder to clients that Coldwell Banker Commercial professionals are not only committed to providing premium service through consistent professionalism but are still innovative and focused on identifying outstanding outcomes for their clients’ needs.
CBC is pleased to have facilitated the off-market transaction of the former Corey Hill Nursing Home, located at 249 Corey Rd. in Boston. The transaction was valued at $9.5 million. The buyers, GFC Development and 249 Corey Acquisition LLC intend to replace the nursing home site with a 34-unit multifamily property and two single-family homes.
Coldwell Banker Commercial is pleased to represent the buyer in acquiring a 16-unit multifamily complex in Chicago’s Humboldt Park neighborhood for $3.85 million. The four-building, four-story properties, located at 3126-34 W. Walton St., were built in 2010 and mainly comprised of two- and three-bedroom units.
Coldwell Banker Commercial represented the seller in the sale of The Lodge Apartments in Pascagoula, Miss. The property was listed for $10.1 million. The two-story, 209-unit building at 2816 Eden St. was built in 1973 and renovated in 2010. It is situated on 9 acres of land and comprises one—and two-bedroom units.
oldwell Banker Commercial is pleased to have represented the seller, KCCP Charitable Remainder Trust, in the disposition of an office building in Sebastopol, Calif. The property, as part of a 1031 exchange for the buyer, sold for $3,050,000.