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.
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.
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.
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.
What Moves Her presented by Coldwell Banker Commercial is hosting three-part series on "Women in CRE Investing and Beyond". The first part is entitled "The Current State of Women Investing in CRE" and features Beth Azor. Affectionately known as ‘The Canvassing Queen®’, Beth Azor is the founder and CEO of Azor Advisory Services (AAS), a leading commercial real estate advisory and investment firm based in Weston, Florida. As its principal, Beth currently owns and manages six shopping centers in Florida valued at over $100 million. She travels the U.S. consulting with, brokering deals for and training associates in the commercial real estate industry.
MONTEREY PARK, CALIF. (Oct. 19, 2022) – Coldwell Banker Commercial George Realty is pleased to announce that it represented both the buyer and seller in the sale of 507 N Chandler Ave., three single-story buildings comprising 7,200 square feet on a 1.3-acre parcel in Monterey Park. The sale price was $8.5 million.
JACKSONVILLE, FLA. (Oct. 19, 2022) – Coldwell Banker Realty is pleased to announce that it has facilitated the sale of 6225 and 6255 Lake Gray Blvd. in Jacksonville, a 95,000 square-foot industrial/office property in the Lake Gray Commerce Center. The sale price was $8.1 million.
SAN FRANCISCO (Oct. 19, 2022) – Coldwell Banker Commercial Realty is pleased to have facilitated the sale of 2222-2254 Polk St., a 42-unit multifamily property with five ground-floor retail spaces situated on a 17,500 square-foot lot in San Francisco. The sale price was $33,100,000.
Despite uncertainty and volatility that cloud the economy, there’s reason to be a bit upbeat these days. A recent commercial property price report from researchers at MSCI’s RCA division shows the RCA CPPI National All-Property Index climbed 18.5% in June 2022 from a year prior. That’s close to the pricing growth rates of recent months and not far from the 19.5% record pace seen at the start of 2022. The index rose 1.3% from May.
STAFFORD, VA. (Oct. 12, 2022) – Coldwell Banker Commercial Elite is pleased to announce it represented Germanna Community College’s Real Estate Foundation in the organization’s purchase of two properties located at 10 and 25 Center Street in Stafford. The sale price was $11.5 million.