Commercial Update

Overall the commercial real estate industry continues to struggle nationally with high interest rates and restricted lending still the main headwinds to our business.


While the commercial business is down from previous years, the Schmidt Family of Companies commercial business on a relative basis is performing better than our peers. 


REA (green street) ranks CBC #13 nationally and MSCI ranks CBC #17 nationally through the first half of 2023. 


Click on image previews below to open full PDFs of reports.

Property Management Update

The property management group continues to thrive and expand and grow its businesses: the single family housing rental business, the association management business, the vacations/short term rental business and our multi-family property consulting and management business.



Ocean Village, a part of Paradise Vacation Rentals located in Hutchinson Island, FL, recently launched a brand new website and app for their agents and customers. Click on PDF's below for details.

Featured Listings
Coldwell Banker Commercial Paradise - View All Listings

3040 Industrial 33rd Street 1

Fort Pierce, FL


$55,800 | 4,800 SF

Industrial

The Strazzulla Team

1323 21st Street

Vero Beach, FL


$20,00/SF/YR (Gross) | 3,600 SF

Office

The Kite Team

670 8th St.

Vero Beach, FL 32960


$1,675,000 | 3.6 Acres

Land

Jeff Luther

Coldwell Banker Commercial Premier Properties - View All Listings

104 Liberty Center Place

Saint Augustine, FL


$13.50/SF/YR | 10,800 SF

Industrial

Adam Lanteigne & Bob Buckmaster

2255 Dunn Ave Builiding 500

Jacksonville, FL


$1,999,999 | 11,900 SF

Retail

Christie Maimo

North Vilano Beach Lot

Saint Augustine, FL


2,200,000 | 1 Acre

Land

Bob Buckmaster & Bill Miller

Coldwell Banker Commercial Sunstar - View All Listings

1133 Bal Harbor Blvd.

Punta Gorda, FL


$499,000 | 2,566 SF

Retail

Missy McAmis

12354 SW Cp Rpad 769

Lake Suzy, FL


$1,275,000 | 5 Acres

Lisa Wargo

15880 Summerlin Rd. 106

Fort Myers, FL


$349,000 | Fine Jewelry Store & Business Opportunity

Missy McAmis

Coldwell Banker Commercial Woodland Schmidt - View All Listings

222 S River Ave. 206

Holland, MI 


$27.60/SF/YR | 200 SF

Office/Retail

Brett Zeerip

4756 136th Ave.

Hamilton, MI


2,195 SF | $2,500 Monthly 

Office

Caleb Driesenga & Bernie Merkle

513 E 8th Street 15

Holland, MI


$7.80/SF | 3,000 SF

Office

Jim Edewaard

Coldwell Banker Commercial Schmidt Realtors - View All Listings

415 E Front Street 2nd & 3rd Floors

Traverse City, MI


$24/SF/YR | 4,890 SF

Honor Bank

Dan Stiebel

4763 39 1/4 Road

Cadillac, MI


$599,900

Two 5 Acre Parcels Across from Cadillac Industrial Park

Daniella Bell & Kent Mueller

1322-C W State Rd.

Belding, MI 48809


$10.00/SF/YR (NNN) | 1,980 SF

Todd Roesler & Bruce Johnson

Roesler RE Group

Coldwell Banker Commercial Schmidt Realty - View All Listings

35, 43 & 51 Center Road

Bedford, OH


$419,999 | 5,259 SF

Multifamily

Deborah Kruis

9215 Madison Ave

Cleveland, OH


$250,000 | 1,410 SF

Retail - Auto

Wes Purvis

715 E Main Street

Kent, OH


$449,900 | 1,316 SF

Retail

James Horovitz

Coldwell Banker Commercial Schmidt Family of Companies - View All Listings

476 S Main Street

Andover, OH 44003


$750,000 | 7,913 SF

Turk-key medical building

Robin Brower & Daniel Popovich

405 Tallmadge Rd.

Cuyahoga Falls, OH 4421


$12.00/SF/YR | 39,721 SF

Medical Office/Nursing School

Robin Brower & Daniel Popovich

1066 Lost Nation Road, Willoughby, OH, 44094


$2,500,000 | 1.2 Acres

Robin Brower

Coldwell Banker Commercial St. Croix & St. Thomas - View All Listings

40 AND 40A Strand Street CH

St. Croix, USVI


$5,000,000 | 17,000 SF

Waterfront Investment Property

Team Land-de Wilde

51 ABC Company Street CH

St. Croix, USVI


$2,200,000 | 6,907 SF

The Quin House

Team Land-de Wilde

10 STRAND STREET FR

St. Croix, USVI


$2,400,000 | 3,000 SF

Unique Opportunity to become the new landlord of non-profit Caribbean Museum Center

Chris and Christie Powers

We are very excited to welcome Audrey Starcher, Missy McAmis, Crosland Polk, Sam Sanders, Sandy Lopez, Melissa Musick, and Lisa Wargo to Coldwell Banker Commercial Sunstar Realty! They will be working out of our Punta Gorda office in Florida. A special thanks to Jaha Cummings, Managing Broker, for recruiting these agents to our company.


We are also very excited to welcome Sheetal Thakur to Coldwell Banker Commercial Premier Properties in St. Augustine, Florida! A Special thanks to Eric Maimo, Senior Associate, for recruiting Sheetal to our company.

Register for the Coldwell Banker Commercial Fall Summit on November 15 from 2 – 3 p.m. ET / 11 a.m. PT virtually. The CBC Fall Summit is a virtual event that brings together all Coldwell Banker Commercial professionals to hear brand updates as well as hear from a special guest, Manus Clancy, senior managing director at Trepp Inc. on the current state of CRE and the economy.


As the Senior Managing Director and the leader of Applied Data, Research, and Pricing departments, Manus Clancy has been a driving force behind the development of Trepp products and services with over 30 years of experience in modeling structured finance transactions. Read more about our guest speaker here.

To register and learn more, visit cbcfallsummit.com.


Register here to join virtually.

NAR C5 + CCIM Global Summit Discount

As the Coldwell Banker Commercial brand's preferred educational partner, CCIM is offering a special discount to all CBC-affiliated professionals. The code for the discount is: EARLYC5T, which will allow you to purchase a registration at the early bird price of $550 ( a $200 discount.) Click here to register. 

Share CRE Content on Your Social Pages

Social media is an important tool for building your image and communicating with clients and prospects. Increase your social media engagement by sharing curated content found in this month’s social media content calendar now available. In the calendar you’ll find market trend news stories, Coldwell Banker Commercial network highlights, CBC deal promotions, helpful articles/advice for readers (Money, CRE, investing, etc.), and much more. Simply copy the content found in the calendar and paste it onto your social media pages on the corresponding dates for a steady flow of content all month long.


View the CBC Social Calendar here.

Purchase Branded Supplies in September


Throughout the month of September, visit the Coldwell Banker Commercial Swag Store to get 20% off select business and office supplies. Get yours today to showcase the CBC brand name. But hurry, the offer is only valid for the month of September.



Visit ColdwellBankerCommercialStore.com to purchase yours today!

Enjoy The Benefits of The CCIM & Coldwell Banker Commercial Educational Partnership

The CCIM Institute offers premier education for commercial real estate professionals in online, virtual, and classroom formats. As part of the Coldwell Banker Commercial® brand's partnership with the CCIM Institute, you now have access to a host of learning courses, such as Foundations for Success in Commercial Real Estate, CI 101, CI 102, CI 103, CI 104, and Negotiations at a discounted rate.

 

Visit the CCIM Institute + Coldwell Banker Commercial page to get started. Use our promo code CBCEDU to receive a $100 USD discount off the non-member rate. Members receive exclusive pricing on these courses.

 

CBC network professionals also enjoy preferred pricing on not just all the CCIM Designation courses, but Institute Candidate membership as well. Candidate membership is appropriate for most commercial real estate practitioners pursuing the CCIM Designation. Learn more here.

 

If interested, you can become a candidate member with no application fee and annual dues of just $645 USD (a $100 USD combined savings) by using the promo code CBCMEMB when joining.

 

Click here to begin taking advantage of the learning opportunities available to you as part of Coldwell Banker Commercial.


Looking to keep up with your social media, email marketing, website? Looking to grow your online presence? Our Commercial Digital Accelerator Program offers digital marketing solutions personalized to you and your business.


Learn more: https://www.schmidtresources.com/commercial-dap-program

Watch Informational: https://www.youtube.com/watch?v=Q1EPHf5K6RY

Stay connected on LinkedIn, Instagram, and our commercial Facebook Group!

Linkedin  Instagram  Facebook  

Thank you,

Todd Vezza