For Immediate Release
Mar. 15, 2016
Michael Sullivan, GOED Communications Director
Alaska to Miami and Salt Lake to New York, Commercial Real Estate is Hot for CBC
Coldwell Banker Commercial Advisors merges into seventh largest commercial real estate firm in U.S.
SALT LAKE CITY—In a recently announced merger, Coldwell Banker Commerical Advisors (CBC Advisors) cements Utah as a leader in commercial real estate and one of the fastest growing brokerage firms in the nation. With national recognition of the “Silicon Slopes” metro areas as one of the hottest entrepreneurial enclaves, and the Lehi-Orem area in particular standing out for billion dollar companies, commercial real estate is anticipated to continue on a fortuitous path forward.
“We’re proud to see Utah companies continuing to grow and pave a path forward for our economy,” said Val Hale, executive director of the Governor’s Office of Economic Development. “As long as we support business that are willing to push the envelope, Utah can stay strong and solidify our economic dynasty.”
CNN Money recently praised the Provo area for having a job market that is on fire. In order to accommodate growth, many companies are undertaking new projects at Point of the Mountain, and CBC Advisor notes they currently have 16 projects in the Thanksgiving Point area.
“Point of the Mountain is one of the hottest real estate areas in the nation,” said Lew Cramer, president and CEO of CBC Advisors. “Having a strong presence in high growth areas of Utah and other states will continue to showcase our state and CBC Advisors as a leader and example to the rest of the nation on infrastructure, planning and corporate real estate.”
The headquarters for CBC Advisors remains in Salt Lake City and employs 450 agents and staff across 27 offices nationwide.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission.