Breaking will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sean Ryan is associate editor of Real Estate New Jersey.

PARSIPPANY, NJ-Coldwell Banker Commercial has opened 14 new offices this year, said George Slusser, president and COO, during the firm’s state of the brand conference call and has plans to open even more. California has five new offices, Florida and Texas each have two, and Alabama, Colorado, Kentucky, Montana, and New Jersey each have one. Slusser also says Coldwell has signed some “significant” new companies that weren’t named because they’re not open yet.

CBC’s adjusted gross commission is $104 million as of April 30, according to Jacklene Chesler, senior vice president. That total represents a 14% increase from last year, and the average sales price of a transaction is up 22% from last year.

Retail edged out office as Coldwell’s largest source of transactions, with retail’s 25% of business to office’s 23%. Industrial properties accounts for 15%, multifamily has 8%, mixed use was 3%, hotels, were 0.5%, land was 13.5%. Other transactions made up the remaining 12%.

The office market was the hardest hit of all real estate during the economic recession, says Randy Fuchs, a principal and commercial real estate analyst from Boxwood Means. Its recovery is under way, with the first overall round of rent increases for the office market in 15 quarters.

Fuchs doesn’t anticipate a bubble in the commercial side of the real estate business, citing the historic lack of real estate price declines, as well as its modest gains in the past few years. On the single-family end, Fuchs isn’t as optimistic. “When you see Cushman & Wakefield announce a joint venture with Orvis, the purveyor of sporting and outdoor equipment–as they did last week–to enter the residential space and sell ranch and recreational properties together, just maybe its time to take some of those residential chips off the proverbial table,” he said.

Two new regional vice president of growth positions were appointed by Coldwell. Jeff Maher will handle the east and Kyle King will head up the west. Additionally, the sales force is being doubled from six to 12.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.