Coldwell Banker Commercial Alliance Opens New Miami Office
- Feb 07, 2014
Coldwell Banker Commercial Alliance has opened a new brokerage and advisory services operation in Miami, with commercial real estate brokerage veteran and former Miami-Dade municipal mayor Jim McCoy at its helm.
“The partnership created an opportunity to team with a high-caliber group of very intelligent, motivated individuals, who understood the value of investing the resources necessary to pursue an accelerated growth strategy,” McCoy told Commercial Property Executive. “It’s an exciting time as the Miami market matures and we now have an opportunity to bring together brokers I’ve respected through the years to build a full service firm that’s special.”
Serving as managing principal for the office, McCoy brings an in-depth understanding and expertise of the commercial real estate market in Miami. Over his career, he has executed transactions in all major property categories with values ranging from just under a million to in excess of $55 million.
According to McCoy, his two terms as a Miami-Dade municipal mayor has served him well in his commercial real estate career. As was his leadership on the Miami Shores Village council, which ran from 2003 to 2007, and a current four-year term which started in 2011.
“The years of community leadership have provided me a critical understanding of the regional market developments and trends, as well as a broad range of relational resources that have been of significant benefit,” he said.
CBC Alliance Miami is the sixth major market location and the first foray into the Southeastern U.S. region for the company, backed by leading New York City-based investment manager Waterfall Asset Management. Since its launch in Manhattan in 2012, the company has been expanding at a rapid pace with offices in major national markets including L.A., Orange County, Denver and Dallas.
The CBC Alliance Miami office will offer a full spectrum of real estate brokerage services for investors and small to mid-cap corporate users of commercial real estate. The operation currently has a financial lending arm and expects to acquire a local real estate management company over the next 10 months.
“The Miami market was always a key growth target for the company because of the region’s performance and its strong connection with New York City, where the company is headquartered,” McCoy added. “Launching with the right business foundation as Miami’s emergence continues both domestically and internationally, provides us an opportunity to impact the market substantially.”