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Coldwell Plans More Office Openings

PARSIPPANY, NJ-Coldwell Banker Commercial opens 14 new offices so far this year, and more on the way. Retail trumps office as the largest transaction category so far.

By Sean Ryan | Updated on June 08, 2005

Sean Ryan is associate editor of Real Estate New Jersey .

PARSIPPANY, NJ-Coldwell Banker Commercial has opened 14 new offices this year, said George Slusser, president and COO, during the firm’s state of the brand conference call and has plans to open even more. California has five new offices, Florida and Texas each have two, and Alabama, Colorado, Kentucky, Montana, and New Jersey each have one. Slusser also says Coldwell has signed some “significant” new companies that weren’t named because they’re not open yet.

CBC’s adjusted gross commission is $104 million as of April 30, according to Jacklene Chesler, senior vice president. That total represents a 14% increase from last year, and the average sales price of a transaction is up 22% from last year.

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