{"id":1004217216,"date":"2018-04-05T02:49:42","date_gmt":"2018-04-05T10:49:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004217216"},"modified":"2022-12-08T13:43:32","modified_gmt":"2022-12-08T21:43:32","slug":"largest-coldwell-banker-commercial-affiliate-split-up-sold","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/largest-coldwell-banker-commercial-affiliate-split-up-sold\/","title":{"rendered":"Largest Coldwell Banker Commercial Affiliate Split Up, Sold"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor <\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004217252\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/largest-coldwell-banker-commercial-affiliate-split-up-sold\/corporate-acquisition\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CORPORATE ACQUISITION\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image via Pixabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg?w=800\" class=\"alignright wp-image-1004217252 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>First Capital Real Estate Investments Inc., of New York, has acquired some of the assets of Coldwell Banker Commercial Advisors, a privately held affiliate of Coldwell Banker Commercial, for an undisclosed price.<\/p>\n<p>CBC Advisors reportedly had been both the largest commercial brokerage firm in the Coldwell Banker organization and the top-performing Coldwell Banker Commercial affiliate globally, with more than $4 billion in assets under management and a closed volume of more than $2 billion in 2017.<\/p>\n<p>The 12 CBC Advisors offices that are now part of First Capital will operate under the name Advisors Commercial Real Estate. ACRE includes more than 150 brokers and other professionals in 12 offices, in New York; Hasbrouck Heights, N.J.; Denver; Houston, Fort Worth, Arlington and Irvine, Texas; Phoenix and Flagstaff, Ariz.; and Los Angeles, Irvine, El Segundo and Ontario in Southern California.<\/p>\n<p>All 12 offices will remain in their current locations, with the same personnel. Former CBC Advisors President Rob Cord will lead the new company as president &amp; CEO.<\/p>\n<p>\u201c<em>CBC has distinguished itself as a boutique brokerage platform with custom-tailored solutions. Our approach to identifying unutilized value in dynamic secondary markets, coupled with the credibility and trust CBC Advisors has earned in the investment community, will greatly serve our investors and clients<\/em>,\u201d Suneet Singal, chairman of First Capital, said in a prepared statement.<\/p>\n<p>First Capital did not respond to <em>Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n<h2>The rest of the story \u2026<\/h2>\n<p>In the other piece of the transaction, Colliers International picked up, also under undisclosed terms, the four CBC Advisors offices in Utah, Alaska and Glendale, Calif., which now comprise Colliers International | Utah. Those locations will be headed by Chairman &amp; Lead Partner Brandon Fugal, who had been chairman of CBC Advisors.<\/p>\n<p>\u201c<em>This addition is the latest in a series of strategic acquisitions that we have completed in the U.S., all of which have strengthened and diversified our operations to better serve our clients<\/em>,\u201d Dylan Taylor, president &amp; COO of Colliers International, said in that company\u2019s prepared statement.<\/p>\n<p>Some of those acquisitions have included the purchase of tenant rep specialists Serten Advisors, in the Virginia suburbs of Washington, D.C., last October; the acquisition in April 2017 of <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-expands-in-the-midwest\/\">WelshCo LLC<\/a>, of Minneapolis\u2013St. Paul, and its brokerage, property management, facilities and architecture divisions; and the March 2017 acquisition of a <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-international-expands-michigan-footprint\/\">Colliers affiliate in Holland, Mich<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In separate deals, First Capital and Colliers International bought CBC Advisors and its 16 nationwide offices, which collectively have more than $4 billion in assets under management and closed more than $2 billion worth of transactions in 2017.<\/p>\n","protected":false},"author":882,"featured_media":1004217252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,23891,21742],"tags":[39007,32876,32763,33344,35076,35167],"class_list":["post-1004217216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-national","category-latest","tag-brandon-fugal","tag-coldwell-banker-commercial-advisors","tag-colliers-international","tag-dylan-taylor","tag-first-capital-real-estate-trust","tag-rob-cord"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Largest Coldwell Banker Commercial Affiliate Split Up, Sold - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/largest-coldwell-banker-commercial-affiliate-split-up-sold\/","og_locale":"en_US","og_type":"article","og_title":"Largest Coldwell Banker Commercial Affiliate Split Up, Sold","og_description":"In separate deals, First Capital and Colliers International bought CBC Advisors and its 16 nationwide offices, which collectively have more than $4 billion in assets under management and closed more than $2 billion worth of transactions in 2017.","og_url":"https:\/\/www.commercialsearch.com\/news\/largest-coldwell-banker-commercial-affiliate-split-up-sold\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-04-05T10:49:42+00:00","article_modified_time":"2022-12-08T21:43:32+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/largest-coldwell-banker-commercial-affiliate-split-up-sold\/","url":"https:\/\/www.commercialsearch.com\/news\/largest-coldwell-banker-commercial-affiliate-split-up-sold\/","name":"Largest Coldwell Banker Commercial Affiliate Split Up, Sold - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/CORPORATE-ACQUISITION.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004217216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004217216"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004217216\/revisions"}],"predecessor-version":[{"id":1004217363,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004217216\/revisions\/1004217363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004217252"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004217216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004217216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004217216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}