On this episode, Dan Spiegel hosts Dennis Pruitt ,Vice President of Business Development at the Missouri Partnership, about the role of economic development specialists in attracting business growth and how they work closely with the Commercial Real Estate community.
Last week’s blog touched on the Americans’ approach to work, and where it fits in our daily lives, has evolved over the past several years. For many people, the mandatory hiatus from in-person work trigged a re-evaluation of the type of work they want to do and where they want to do it.
TALLAHASSEE, FLA. (Nov. 7, 2022) – Coldwell Banker Commercial Realty is pleased to announce that it has closed the sale of the Comfort Inn & Suites located at 1978 Village Green Way in Tallahassee. The sale price was $11.25 million.
There’s no denying that the pandemic has changed the way we view work and how it fits into our lives. Broader pressures such as inflation, goods shortages and housing prices, combined with growing concerns about overall health, quality of life, compensation and work satisfaction, have driven countless workers to make more demands of their employers. Meanwhile, employers in virtually every industry have found themselves without much leverage, given the condition of the current employment market.
On this episode of ICYMI, we review some recent events as well as shed light on a few upcoming ones that are both virtual and in person. We share some new features that are apart of Buildout and some recognition in the industry for Coldwell Banker Commercial.
ROCKLIN, CALIF. (Nov. 1, 2022) – Coldwell Banker Commercial Atlantic is pleased to announce it represented Strikes Unlimited Sports Complex and Family Entertainment Center in the sale of its business assets, including an 8.9-acre parcel with a 64,000 square-foot building at 5681 Lonetree Blvd. in Rocklin. The entertainment center opportunity was offered for sale at $20.5 million.
BOSTON (Oct. 21, 2022) – Coldwell Banker Commercial Realty is pleased to announce that it facilitated the sale of 581 Boylston St., a 40,000-plus square-foot, eight-story office building with ground floor retail space positioned on a premier spot in Boston’s high-end Back Bay shopping district. The sales price was $19.5 million.
Commercial real estate activity remains elevated in 2022, which is a promising sign considering record-highs were reached last year. Market activity is being paced by three property types, multifamily, industrial, as well as a strong rebound in retail. A new Mid-Year Report from Coldwell Banker Commercial shows investors were eager to unlock cash flow and pushed cap rates to record-lows in 4Q21 and 1Q22 across most sectors. It is anticipated that demand for real estate will continue to be strong for high-growth markets. These positive signs comes despite widespread supply chain disruptions, inflation and political uncertainty around the war in Ukraine.
On October 12th, 2022, Coldwell Banker Commercial hosted its sixth CBC Chatter, a virtual quarterly series hosted by Senior Vice President and Managing Director Daniel Spiegel to discuss hot topics in the world of commercial real estate.
What Moves Her presented by Coldwell Banker Commercial hosts a three-part series on "Women in CRE Investing and Beyond" to help shrink the gender gap in the commercial real estate industry for professionals and investors alike. The second part of this series is entitled, " How and Where to Start Investing in CRE " and features DeLea Becker, founder & broker for Beck-Reit Commercial Real Estate & Beck-Reit Asset Management. Her "Boots on The Ground" experience is shared with all the Brokers at Beck-Reit making the team ideal to work with in the sale/purchase of property specifically specializes in the East Austin area. Some of her projects focus on buying commercial properties that are income-producing or that need to be gutted, rehabbed, and repositioned in the market; this strategically leverages her 3 companies. As Broker & Developer, her professional accomplishments have led her to investing in CRE herself, and she is a loud champion in that regard.