New research from Yardi Matrix indicates average apartment rents increased by $10 in July 2022, their lowest rate since January. According to the latest Multifamily Report, the average rent in the U.S. was a record $1,717 last month. Still, year-over-year growth decelerated by 110 basis points to 12.6 percent, 260 basis points off the February peak of 15.2 percent.
DAYTONA BEACH, FLA. (Oct. 7, 2022) – Coldwell Banker Commercial Benchmark is pleased to announce that it facilitated the sale of 1530 and 1540 Cornerstone Boulevard, a pair of Class-A office buildings in Daytona Beach totaling 95,908 square feet. The sale price was $15.95 million.
SAN FRANCISCO (Oct. 7, 2022) – Coldwell Banker Commercial Realty is pleased to announce that it facilitated the sale of 1155 Mission St., a three-story, boutique office building encompassing approximately 15,700 square feet that is centrally located in San Francisco’s “South of Market” warehouse district. The sale price was $9.5 million.
Montgomery, Ill. (Sept. 28, 2022) – Coldwell Banker Commercial Real Estate Group represented the buyer in the purchase of US 30 Self Storage, located at 1400 Bohr Ave., Montgomery, Ill. in Kane County, in a transaction valued at $3.4 million. The transaction closed on August 1, 2022.
MURRIETA, CALIF. (Sept. 29, 2022) – Coldwell Banker Commercial SC is pleased to announce that it facilitated the sale of 38415 Innovation Court, a 36,120 square-foot multi-tenant industrial building in Murrieta, California. The sales price was $6.8 million.
A majority of adults in the United States currently have access to cannabis, whether medically or recreationally. As of this year, 19 states have legalized recreational cannabis use, while 39 states have legalized medical marijuana use. Over the years, the general perception of cannabis has evolved. Once seen as a danger to communities and to younger children, cannabis is now more readily available and marijuana sales produce taxable income for local economies.
On this month’s ICYMI we cover the upcoming CRE Win program, we highlight a few virtual events upcoming including our Virtual Fall Summit, and showcase new marketing materials that are available to help build your social presence.
On this episode, Christina Balas is joined by Ofo Ezeugwu, the CEO and Founder of WYL (WhoseYourLandlord) and a 2022 Forbes 30 Under 30 lister for his work in social impact. Ofo was recently named to Forbes’ #Next1000 List, recognized as the Young Professional of the Year by the African American Chamber of Commerce, and was named one of BET's #30Under30 as well as a Modern Man by Black Enterprise. Ofo has given lectures on tech, entrepreneurship, and leadership skills at prestigious institutions like The White House during the Obama Administration, Harvard University, Princeton University, Columbia University, The Wharton School of the University of Pennsylvania, among others. We discussed why WYL was launched, the gap it fills, and the benefits real world feedback on home-providers is actionable and how it can be truly beneficial for both parties.
The industrial market has stood as one of the hottest commercial real estate property sectors in the U.S. for several years. In fact, CommercialEdge just released its July national industrial report, analyzing?the U.S. industrial market’s performance through June 2022.?
On this episode, we are joined by Josh Best, Director of Learning at Coldwell Banker Commercial. With experience in training and development, educational technology, team building, fundraising, and adult learning, Josh comes to the organization with a wealth of knowledge that is bound to bolster L&D at CBC. He shared stories of his own journey and opportunities he sees for commercial real estate professionals in his network.