In what it's billing as a first-of-its-kind intermediary service, a Santa Clara, Calif.-based company is helping residential specialists place commercial leads with qualified commercial brokers.
Commercial sectors are looking healthy these days, according to information culled from numerous reports put out by the E & Y Kenneth Leventhal Real Estate Group, San Francisco.
With assets exceeding $120 billion, real estate investment trusts (REITs) are emerging as a dominant force in the commercial market. And they're changing the way real estate investment is regarded on Wall Street and Main Street.
With the struggling retail industry desperate to attract a shrinking pool of free-spending consumers, national chains are looking to new avenues to reach shoppers.
Today, we're told, more than 20 million American employees work out of their home offices. That's enough to dismay any commercial broker. After all, the teleworking trend could translate into a significant decrease in the need for commercial office space.
Coldwell Banker Commercial will compete with CB Commercial, formed in 1989 when Coldwell Banker's former owner, Sears Roebuck and Co., Hoffman Estates, Ill., sold off its commercial practice. But the folks at CB Commercial say they're not planning a name change anytime soon.