The Coldwell Banker Commercial® brand(CBC) is a worldwide leader in the commercial real estate industry, and is part of the oldest and most respected national real estate brand in the country, Coldwell Banker Real Estate. Coldwell Banker Commercial is an Anywhere (NYSE: HOUS) brand, a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
Commercial real estate (CRE) is a key driver of the U.S. economy, contributing $2.5 trillion to GDP in 2024 and supporting 14.2 million jobs. Beyond asset values and cap rates, CRE fuels local economies, supports diverse industries, and anchors community financial health, while adapting to rising capital costs, shifting space utilization, and labor challenges.
Coldwell Banker Commercial®, announced its 2024 award recipients across specialty categories and leadership awards at this year's annual Global Conference in Plano, Texas.
The recent push to bring workers back to the office has sparked optimism in the commercial real estate industry, but the office sector's recovery remains uncertain. Despite improved attendance in some markets, high vacancy rates and significant job cuts, particularly from federal cost-cutting measures, continue to challenge the market. The aggressive reduction of government-leased office space further complicates the outlook, though some investors see potential opportunities amid the disruption.
In this episode of the CRE with CBC Worldwide Podcast, Ashley Wilson speaks with Bob Rand, principal broker of CBC Benchmark in Ormond Beach, Florida. Bob shares his journey into commercial real estate, the current market trends in his area, and the impact of technology and the space industry on local growth. He discusses strategies for winning business, the importance of client relationships, and the challenges posed by insurance and natural disasters. The conversation also highlights the value of networking at industry conferences and Bob's predictions for the future of the market.
Kathi Constanzo and Bill Ukropina of Coldwell Banker Commercial Realty are excited to announce the listing of 2214 N. Windsor Avenue, a fully permitted 54-unit mixed-use development site, for $6,250,000. This project, supported by the City of Altadena, marks a significant milestone in the community's rebuilding efforts following the Eaton Fires.
Brent Case, CCIM, President and Broker in Charge of Coldwell Banker Commercial Atlantic, has been invited to join The Counselors of Real Estate (CRE®), recognizing his exceptional ethics, expertise, and experience in real estate counseling. With over 25 years in the industry, Brent's commitment to strategic, forward-thinking solutions has earned him numerous accolades and a prominent role in the Charleston commercial real estate community.
The transformation of retail spaces into industrial warehouses and logistics hubs is a significant trend in commercial real estate, driven by the e-commerce boom and the need for efficient last-mile delivery. This shift is revitalizing underutilized malls and big-box stores, offering prime locations, existing infrastructure, and faster market entry for developers and investors.
Adaptive reuse is revolutionizing commercial real estate (CRE) by transforming vacant buildings into modern, functional spaces like residential units and mixed-use complexes. Driven by sustainability, economic incentives, and shifting market demands, this trend reduces construction waste, revitalizes urban areas, and enhances community vibrancy, despite challenges like zoning regulations.
Coldwell Banker Commercial Devonshire Realty has announced the $11.5 million sale of a 182,084-square-foot warehouse in Champaign, Illinois. Represented by AJ Thoma III, the property, intended for use by an agricultural chemical company, successfully closed after navigating tenant relocation delays and a period of vacancy.
Coldwell Banker Commercial Realty has announced the $21 million sale of Coventry Square Apartments in Upland, California. Represented by Endri Hoxha and Philip Batlin, the off-market transaction highlights MJW Investments' commitment to value-add opportunities, while the sellers, represented by Sarah Hillhouse, were impressed by the smooth and professional process.