You’ve seen the signs. In most every city in the country, a new type of fitness facility has been cropping up offering specialized services. The boutique fitness concept is a major trend, and has an impact on the CRE market.
Beverly Hills-based investment firm Unilev Management has acquired a 15,800-square-foot Hollywood strip center for $13.6 million in an off-market deal.
Retail construction is leading all other property types, growing nearly 25% in 2015 over the previous year. The hard-hit retail sector is coming around, and a large portion of the building going on in retail is renovation rather than new construction. This trend is expected to continue, with estimates for retail construction growth coming in at 9% (120msf) for 2016. The added value will be about 10% ($20 billion).
The U.S. population saw overall growth of 9.7% in the years between 2000 and 2010, but growth in urban areas was higher, at 12.1%. Urbanization is a significant feature of growth around the world, and has considerable impact on commercial real estate.
The smell of warm baked cookies may help you sell your house, but not your commercial property.
We’re excited to announce that the 2017 Top 2 / Commercial Elite incentive event will take place June 11-15, 2017 at the Ritz Carlton in Amelia Island, FL.
John True and Brent Case of Coldwell Banker Commercial Atlantic International brokered a $50 million deal for five seperate multi-family communities in the Charleston area.
Brandon Fugal, Chairman of Coldwell Banker Commercial Advisors (CBC Advisors) received the EY Entrepreneur Of The Year® 2016 Award in the Commercial and Residential Services category.
Obtaining new tenants can be a costly affair for landlords. If tenants are dissatisfied, given today’s market, they can easily seek new space. It is always the preferred option to retain good tenants – those who pay their rent on time and cause little or no problems.