Arlington, Texas (August 8, 2016) – Coldwell Banker Commercial Alliance DFW has joined in the recent merger of the two largest CBC affiliates in the nation.
“We have benefited greatly from our affiliation with Coldwell Banker Commercial since we joined in January 2014. Our name will change slightly and our platform will expand, but it will still be the same experienced team of professionals carrying the flag,” says Gary Walker, managing principal of CBCA DFW. Going forward, the local full-service brokerage firm will be called Coldwell Banker Commercial Advisors (CBC Advisors).
The merger also is enabling the local affiliate to expand its presence. Among other expansions, CBC Advisors has acquired a Houston office. “We will be working closely with the Houston affiliate,” Walker emphasizes. “In addition, we plan on opening a third office in North Texas on the Dallas side of the metro.”
Senior management in DFW includes COO Carol Coffman-Sosebee and Theron Bryant, principal of the Fort Worth office. The brokerage team consists of 12 seasoned professionals with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail and seven support staff. The firm is headquartered at 255 N. Center St., Arlington, and has a Fort Worth office at 1300 S. University Dr.
CBC Advisors bought the Alliance about three months ago from New York-based Sutherland Asset Management. The DFW office has just completed the process to join the network, which totals 30 offices in first-tier markets in Alaska, Arizona, California, Colorado, Florida, Idaho, New York, Nevada, Texas and Utah. CBC Advisors grew revenue 308% from 2013-15 and 406% this year since the acquisition.
The merger’s objective is to create a powerful national platform in primary and dynamic secondary markets in the U.S. CBC Advisors’ innovative brokerage platform is built on an agent-centric approach, offering tools and resources ranging from private aviation and upscale culture to institutional-grade asset services and proprietary market intelligence. It is an entrepreneurial culture led by local principals within a best-in-class national platform focused on the middle market and private clients.
“By harnessing the talent and capability of both organizations, we will deliver the most effective solutions as a trusted advisor to clients on a local, national and international basis,” Lew Cramer, CEO of CBC Advisors, said at the time of the merger.