First Southeastern Market Location for Rapidly Expanding National Real Estate Brokerage
MIAMI, Feb. 6, 2014 /PRNewswire/ — Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm backed by leading New York City-based investment manager Waterfall Asset Management, continues its rapid expansion with the launch of a new Miami, Florida brokerage and advisory services operation under the direction of commercial real estate brokerage veteran, Jim McCoy.
Mr. McCoy, managing principal for the office, brings an in-depth understanding and expertise of the commercial real estate market in Miami. With a primary focus in investment sales throughout his career, Mr. McCoy has executed transactions in all major property categories with values ranging from just under a million to in excess of $55 million. Additionally, Mr. McCoy's service as a two-term Miami-Dade municipal mayor has yielded valuable market insights and key community relationships throughout the region. His leadership on the Miami Shores Village council ran from 2003 to 2007, as well as a current four-year term started in 2011.
CBC Alliance Miami is the sixth major market location and the first foray into the Southeastern U.S. region for the company since its launch in August 2012, joining partner offices in New York City, Los Angeles, Orange County, Denver and Dallas/Fort Worth. The Miami office will be based on Brickell Avenue, in South Florida's prominent financial district.
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. Similar to other CBC Alliance locations nationwide, the Miami office is implementing an aggressive growth plan, including the assemblage of a 20 to 25 broker team of top industry professionals over the next 18 to 24 months. The operation currently has a financial lending arm and expects to acquire a local real estate management company over the next 10 months.
"As an emerging East Coast market with a long-standing connection to New York, Miami has been a key target for CBC Alliance as we continue our national expansion. We recognize the uniqueness of Miami and the importance of partnering with a strong, experienced leader to develop our platform. With these objectives in mind, Jim provided us with the necessary skill set to execute our strategy," shares Obie Walli, CEO for CBC Alliance.
"If you step back and take a look at our objectives of bringing together some of Miami's top talent, under a recognizable global brand, and have it backed by significant resources with the ability to execute entrepreneurially, I think it's reasonable to be optimistic," explains McCoy. "Launching with the right business foundation as Miami's emergence continues both domestically and internationally, provides us an opportunity to impact the market substantially."
"As Miami evolves, the need for critical insights and sound strategies will remain vital when identifying market opportunities. We're confident the CBC Alliance platform will be of significant value to those looking to succeed in South Florida."
The Coldwell Banker Commercial Alliance Miami office is currently located in the 801 Brickell Avenue building, while it negotiates new space along Brickell Avenue. For more information about Coldwell Banker Commercial Alliance Miami, please contact Jim McCoy at Email.
About Jim McCoy
Jim McCoy is the Managing Principal at Coldwell Banker Commercial Alliance overseeing the firm's full service commercial real estate brokerage.
Mr. McCoy has a proven track record of investment sales that has yielded collaborative strategies with investment funds and sophisticated private investors. His knowledge of the Miami market has been utilized by organizations and institutions in consultant and advisory capacities and his success has led to industry engagements as a speaker, panelist and expert witness.
Mr. McCoy's service as a two-term Miami-Dade municipal mayor has allowed him to develop critical market insights and key community relationships throughout the region. He has provided leadership on many regional civic, service and chamber of commerce boards and received a degree in Human Resource Management from Trinity University.
About Coldwell Banker Commercial (CBC) Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City, dedicated to serving private investors, owners, and small/mid-cap corporate users of real estate. The firm currently has offices in New York, Los Angeles and Orange County, Calif., Dallas, Miami, and Denver, 150 professionals, $800 million in closed transaction value and over six million square feet under management. The company is also an independently owned and operated affiliate of the international Coldwell Banker Commercial® organization and one of the top offices in the firm's global network of over 200 offices and 3,000 brokers.
CBC Alliance was founded by Waterfall Asset Management (Waterfall), an investment manager with approximately $3.0 billion in client assets under management. Waterfall has also acquired more than $1 billion of small-balance commercial loans nationally for its clients.
Media inquiries, contact:
Tom Nolan – Email
212-741-2977