CBC Alliance Merges with CBC Advisors to Form Largest Real Estate Affiliate
Miami (Aug 1, 2016) – A 110-year legacy has earned Coldwell Banker Commercial its place as the most recognizable brand in commercial real estate. Further solidifying that reputation, the top performing Coldwell Banker Commercial affiliates have merged, forming the largest independent commercial real estate operation in the world.
Together, Coldwell Banker Commercial Advisors (CBC Advisors) and Coldwell Banker Commercial Alliance (CBC Alliance) comprise 500 professionals in 10 states. The combined network operates 30 office locations coast to coast with a transaction volume exceeding $3.7 billion.
The combination of the number one and number two Coldwell Banker Commercial organizations made sense. Both entities ran flagship offices in their respective areas of operation, implementing a full-service approach to commercial brokerage. CBC Advisors and CBC Alliance share an aggressive entrepreneurial culture built on a broker-centric delivery model. The impressive growth of both organizations stems from a fundamental commitment to provide commercial real estate professionals the best available tools and resources. Each management initiative empowers the broker to deliver maximum value for client assets.
Prior to the merger, CBC Advisors was named the fastest growing mid-sized commercial real estate brokerage in the nation. Based in Salt Lake City, CBC Advisors has become the dominate force within the Coldwell Banker Commercial brand, having held the number one affiliate title for 13 years running.
CBC Alliance brings major markets to the Advisors service platform, including New York, Miami, Los Angeles, Dallas/Ft Worth, Orange County, CA and Denver. Executing an accelerated growth plan, the Alliance became the number two CBC affiliate organization within a four-year sprint.
With the latest brokerage tools and resources, CBC’s flagship Brickell office continues to deliver high-caliber brokerage to the South Florida market. “From a customer service point of view, this merger allows for significant increases to platform, resources and footprint,” Miami’s managing principal and a former two-term municipal mayor in Miami-Dade County Jim McCoy shares. “For our brokers and team, the merger allows for us to maintain our quick and nimble entrepreneurial culture without the bureaucracy and limitations you’d typically find in larger firms.”
“We are particularly excited about the Miami market and its potential under Jim’s leadership,” said Lew Cramer, CEO of CBC Advisors and former Director General of the United States Commercial Service. “This merger brings together the two largest entities fully committed to elevating the 110-year-old CBC brand to its original prominence.”
All ten CBC Alliance offices in primary and dynamic secondary markets will transition to the Advisors platform effective immediately. The union further strengthens a professional network that has quadrupled in size over the last three years, while maintaining a world-class, award-winning level of service. CBC Advisors commits to aggressive expansion throughout South Florida as the firm identifies further opportunity within the market.