Newly Created Commercial Real Estate Company Primed For Success in Silicon Valley Region
September 22, 2008 // Franchising.com // PARSIPPANY, N.J. -- Coldwell Banker Commercial® Affiliates, one of the world's largest commercial real estate brokerage franchise systems, today announced the addition of Coldwell Banker Commercial (CBC) Bay to its national franchise network.
CBC Bay is a newly formed commercial real estate brokerage firm that will be headquartered in San Jose, Calif., and will serve the entire Silicon Valley market. The company is owned and managed by commercial real estate veteran Mahnaz Khazan.
Khazan most recently owned a leading regional commercial real estate firm, Commercial Bay Real Estate Services, which accounted for more than $200 million in commercial listings since 2005.
CBC Bay will be a full-service commercial real estate company that will provide brokerage services for all property sectors, particularly office and retail within the region. The firm is also starting out with a culturally diverse group of 27 sales professionals in the office.
"We're excited to have CBC Bay as a part of our international network, said Rick Davidson, president and chief operating officer of Coldwell Banker Commercial Affiliates. Establishing a presence within the Silicon Valley region is a key component for our overall growth strategy," "Opening a new company with close to 30 commercial real estate professionals speaks volumes about the overall direction of the firm and CBC Bay's confidence in our platform."
"Joining the Coldwell Banker Commercial network was a natural fit for our new company, and we believe this affiliation will allow us to expand our services to the entire Silicon Valley market," said Khazan. "I have always been passionate about successfully serving a client's needs and providing top value at all times -- that philosophy will be the hallmark of CBC Bay. I'm enthusiastic about the extensive educational and marketing tools the CBC organization has to offer and look forward to utilizing these resources as we become the premier commercial real estate player in this region."
Coldwell Banker Commercial Affiliates is one of the leading franchisors of commercial real estate services through the Coldwell Banker Commercial® brand. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate LLC. Through its independently owned and operated offices, the Coldwell Banker Commercial network is a premier provider of real estate services and is a leader in the commercial real estate industry. The Coldwell Banker Commercial network of brokers serves the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance and management of all property types. The Coldwell Banker® network of commercial brokers can be found in 41 countries in North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, the world's largest real estate franchisor. For additional information on the Coldwell Banker Commercial organization, visit the brand's award winning Web site at www.cbcworldwide.com, or contact us at (800) 222-2162.