MIAMI—Coldwell Banker Commercial (CBC) Alliance has opened a Miami office. Commercial real estate brokerage veteran Jim McCoy will lead the charge as managing principal.
McCoy brings an in-depth understanding and expertise of the commercial real estate market in Miami. With a primary focus in investment sales throughout his career, McCoy has executed transactions in all major property categories with values ranging from just under a million to in excess of $55 million.
McCoy also served two terms as Miami-Dade municipal mayor, giving him what CBC calls “valuable market insights and key community relationships throughout the region.” His leadership on the Miami Shores Village council ran from 2003 to 2007, as well as a current four year term started in 2011.
“As an emerging East Coast market with a long-standing connection to New York, Miami has been a key target for CBC Alliance as we continue our national expansion,” says Obie Walli, CEO for CBC Alliance, a national real estate services firm backed by leading New York City based investment manager Waterfall Asset Management. “We recognize the uniqueness of Miami and the importance of partnering with a strong, experienced leader to develop our platform. With these objectives in mind, Jim provided us with the necessary skill set to execute our strategy.”
Miami marks the sixth major market location for CBC Alliance. Miami is also CBC’s first foray into the Southeastern U.S. region for the company since its launch in August 2012, joining partner offices in New York City, Los Angeles, Orange County, Denver, and Dallas/Fort Worth. The Miami office will be based on Brickell Avenue, in South Florida’s prominent financial district.
“If you step back and take a look at our objectives of bringing together some of Miami’s top talent, under a recognizable global brand, and have it backed by significant resources with the ability to execute entrepreneurially, I think it’s reasonable to be optimistic,” says McCoy. “Launching with the right business foundation as Miami’s emergence continues both domestically and internationally, provides us an opportunity to impact the market substantially.”
The CBC Alliance Miami office will offer a full menu of commercial real estate brokerage services for investors and small to mid-cap corporate users of commercial real estate. Similar to other CBC Alliance locations nationwide, the Miami office is implementing an aggressive growth plan, including the assemblage of a 20 to 25 broker team of top industry professionals over the next 18 to 24 months. The operation currently has a financial lending arm and expects to acquire a local real estate management company over the next 10 months.
“As Miami evolves, the need for critical insights and sound strategies will remain vital when identifying market opportunities,” McCoy says. “We’re confident the CBC Alliance platform will be of significant value to those looking to succeed in South Florida.”