The Coldwell Banker Commercial® brand(CBC) is a worldwide leader in the commercial real estate industry, and is part of the oldest and most respected national real estate brand in the country, Coldwell Banker Real Estate. Coldwell Banker Commercial is an Anywhere (NYSE: HOUS) brand, a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
The U.S. Census Bureau also reported overall retail sales in November were up 0.3 percent seasonally adjusted from October and up 18.2 percent year-over-year. That compares with increases of 1.8 percent month-over-month and 16.3 percent year-over-year in October.
Coldwell Banker Commercial is pleased to have represented the buyer, TDB Land Holdings, Ltd., in the acquisition of 683 acres of vacant land located in the vicinity of the City of Laredo, Texas. The sale price was undisclosed. The buyer plans to develop an industrial park on the site called World Industrial Park.
CBC represented the buyer in acquiring The Flamingo Garden, a multifamily property at 3711 Cogswell Rd. in El Monte, Calif. as part of a 1031 exchange. The property sold for $12.4 million. Situated in the San Gabriel Valley and east of Los Angeles, the three-story, 58-unit complex was built in 1987.
The U.S. travel industry welcomed all vaccinated international visitors back to the Country after 19 months of pandemic-related border restrictions. This long-anticipated milestone marks the rebuilding of international inbound travel at air, land, and seaports of entry and across destinations nationwide.
Blue Origin, a spaceflight company controlled by Amazon’s Jeff Bezos’, along with partners Boeing and Sierra Space, plan to build a commercially developed, owned, and operated space station in low Earth orbit. The project is being called Orbital Reef and is envisioned as a mixed-use business park.
Coldwell Banker Commercial is pleased to announce the lease execution of 38,908 square feet of industrial space located at 7253 Grayson Rd, Suite 309, in Harrisburg, Penn.
Coldwell Banker Commercial is pleased to have represented the buyer in the acquisition of Kiddie Academy®, located at 188 Woods Dr. in Mechanicsburg, Penn. The transaction value was $3.7 million.
Construction of nonresidential building projects accelerated in October in the United States, according to a new report by Dodge Construction Network. The Dodge Momentum Index increased 10% in October to 181.2 from the revised September reading of 164.6.
Commercial real estate markets appear to be looking beyond the immediate challenges and are considering income prospects over the long term. The industrial sector is lifting prices across global regions in anticipation of further income growth as supply chains adjust to new ways of connecting with consumers worldwide.
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