In the world of commercial real estate, investing, and beyond, “ESG” is becoming a frequent topic of discussion. But what exactly is ESG? Why is everyone talking about it? And what does it mean for your business? ESG stands for Environmental Social and Governance, and refers to the three key factors when measuring the sustainability and ethical impact of an investment in a business or company. More specifically, ESG is a generic term often used in capital markets and is commonly practiced to evaluate the behavior of companies, as well as consider their future financial performance. We are seeing investors take social responsibility seriously by diligently researching companies’ ESG profiles and using ESG criteria to screen potential investments. The graph below describes what falls under the ESG umbrella.
On June 24th, 2021, Coldwell Banker Commercial hosted its second CBC Chatter, a virtual quarterly series hosted by Managing Director Dan Spiegel to discuss hot topics in the world of commercial real estate. This event focused on cannabis and how the industry is warming up to the trend.
New green rush? While the Western states mature from the early green rush, cannabis legalization is surging on the Eastern part of the country as states look for economic recovery in the wake of the pandemic. While local laws vary, medical marijuana is legal in 36 states and recreationally allowed in 17 states. Tracking $26 billion in sales for 2021, the legal cannabis industry is expected to reach $46 billion by 2025 (per Marijuana Business Factbook) driven by new markets. States legalizing cannabis are likely to affect neighboring states that don’t want to lose this revenue to someone else. With NJ and NY having just legalized recreational marijuana, the east coast states of CT, DE and RI could follow suit.
As we all know, 2020 was an incredibly challenging year. A variety of industries were greatly impacted by the changes present by the COVID-19 pandemic, commercial real estate included. For the first time, employees started working from home, meetings were hosted via zoom, and all events were cancelled. As the economy stalled, many businesses and property owners found themselves negotiating with both tenants and lenders on rent relief and loan modifications.
On this call we talk about accelerated marketing with David Lowry. David is new to Coldwell Banker Commercial, but not new to the accelerated marketing world. He is very excited about creating an accelerated marketing team within the CBC framework. This will allow brokers to leverage technology partners, like Ten-X, which creates a broader marketing campaign to reach more buyers and achieve higher prices for their clients.
Towson, Md. (June 7, 2021) – Coldwell Banker Commercial is pleased to announce that David Lowry has joined Coldwell Banker Commercial NRT in the Mid-Atlantic region and partnered with Coldwell Banker Commercial NRT agent Roman Tsimberg.
South Pasadena, Calif. (June 3, 2021) – Coldwell Banker Commercial NRT represented the buyer of a 16-unit, multifamily property located at 150 — 154 Monterey Rd. in South Pasadena, Calif. The property sold for $6.1 million. Robert Ip , a commercial real estate professional with Coldwell Banker Commercial NRT, was the broker on the transaction. The buyer intends to add the property as part of their investment portfolio.
This month we highlight a few learning programs that took place in the month of May for Coldwell Banker Commercial as well as new events happening in the coming weeks. We also share some news on upcoming Marketing releases and product adjustments.
Allston, Mass. (May 26, 2021) – Coldwell Banker Commercial is pleased to have represented the buyer in the acquisition of an office building located at 280 Lincoln St. in Allston, Mass. The transaction was valued at $2.5 million.