In honor of the annual CREW conference, Coldwell Banker Commercial (CBC) facilitated a discussion about what it takes for a woman to build a successful career in the industry. At Realogy, parent company of Coldwell Banker Commercial, women executives make up 25% of the Top 20 Women Leaders on the 2018 Swanepoel Power 200, a leading industry ranking. Coldwell Banker Commercial is a brand with strong women who dominate in their market places, and we were lucky to get a little perspective from some of them this week. We talked with Suzanne Hill from Coldwell Banker Commercial MECA in Charlotte, NC a rising star in the brand; and with CBC top producers Cathy Holmes from Coldwell Banker Commercial Brokers of the Valley in Napa, CA, and Debbie Cowart from Coldwell Banker Commercial Arnold and Associates from Beaumont, TX to find out what it takes to be successful in commercial real estate.
Growing up in a small town on the East Coast, the corner service station was a refuge where the neighborhood kids could congregate and chat over an ice-cold Coke. Our parents trusted the mechanics, the attendants filled their tanks, and everyone knew each other’s names. Fast forward to today, and small filling stations have all but disappeared, replaced by large chains, some of which boast cult-like followings. Service bays have been replaced by convenience stores, fast food chains, and even roadside stops that more closely resemble department stores.
Across the United States, there are a number of eyesores that are hard to miss. One of these is the abandonment of shopping malls and other huge “big box” stores that were once industry giants, such as Toys R Us. These types of abandoned buildings are the perfect visual representation of the current shift in the retail landscape – consumers are pulling their dollars from shopping malls and, instead, are spending more and more of their dollars online.
The following article features contributions from Virginia Wilson (affiliated with Coldwell Banker Commercial Caine) and Dan Stiebel (affiliated with Coldwell Banker Commercial Schmidt)
As any commercial real estate professional will tell you, the industry has been witness to a number of changes, being subject to the impacts of the economy, industry trends, market challenges, and more. When looking at commercial real estate, it is crucial to focus not only on generational activity, but also lifestyle trends.
In today’s environment, many markets are experiencing rising downtown office vacancy coupled with changing tenant preferences and demands. As such, landlords and building owners are having to think outside the box when it comes to strategies they can implement to help fill space and keep their buildings occupied.
Watching the latest season of Stranger Things, one cannot help but reminisce about the mall in its glory days. In the 1980s, the mall did to Main Street what the internet has done to almost all brick and mortar. All too familiar eye-grabbing headlines have now become commonplace when reading about today’s retail climate. Retailageddon. Mallpocalypse. While there is no doubt that there has been a seismic shift of the retail landscape, all may not be doom and gloom for the favorite teen hangout of the 80s. As retail bankruptcies soar and store closures continue, mall developers and owners are creatively transforming their assets into housing, hotels, and even multi-faceted entertainment venues. The underlying goal is to get people to go back to (what was) the mall.
It’s no secret that one of the most impactful additions to recent Tax Code has been the creation of a specific investment incentive program under the 2017 Tax Cuts and Jobs Act. This program, which focuses on certain low-income communities known as Opportunity Zones, is designed to help spur economic development and growth in otherwise distressed areas by enabling savvy real estate investors to delay taxation on capital gains until December 31, 2026 – but only when they invest the gains into one of these Qualified Opportunity Zones. What’s more, this particular program has additional tax breaks built in for real estate investments that are held for 5, 7, and 10 years.
These days, we’re expected to be connected to our office and projects all the time. And, the population of remote workers is increasing. Therefore, it’s ultra-important to be able to stay connected to our “desks” while we’re on the go or working away from the traditional office space.
Co-living, a new housing option within the family of alternative asset class, aims to strike a balance between privacy and community. The idea of co-living is based on a community-centered environment by offering high standards of accommodation with added services thereby providing not only privacy in living arrangements but also promoting social contact through a sense of community.