SALT LAKE CITY (January 12, 2014)– Coldwell Banker Commercial Intermountain announced today its decision to rename the company under the new corporate brand Coldwell Banker Commercial Advisors (CBC Advisors). The name change reflects a continued commitment to meet commercial real estate expectations with the best combination of market experts ready to advise any commercial real estate opportunity.
“We are at the forefront of economic development in this growing part of the country,” said Lew Cramer, President and CEO of CBC Advisors. “Our new name reflects not only that we are expanding beyond the intermountain region, but that we clearly see our primary role to serve as trusted advisors to our exceptional clients and the broader real estate community.”
When Brandon Fugal, Tim Simonsen, and Stuart Thain acquired Intermountain from Coldwell Banker Commercial in October 2013, the operation had facilities in Alaska, Idaho, and Utah. At the time of purchase, the company had 80 agents and approximately 30 employees.
“In just over a year, we added more than 40 new agents, dramatically expanded our presence in Utah County, and Idaho; and strengthened our position as the only national commercial office brand in Alaska,” said Cramer. “We eagerly look forward to additional expansion in the near future as we increase our geographic footprint throughout the region.”
CBC Advisors claims over 140 agents in addition to 40 staff members, and the firm’s Utah County office alone has become one of the top performing offices in the country. CBC Advisors has become the dominant commercial brokerage in the Intermountain West by maintaining its designation as the top-performing affiliate within the Coldwell Banker Commercial global brand for over 12 years.
“We have served the commercial real estate sector for over 20 as trusted advisors,” said Cramer. “Now our name reflects our dedication to that role.”