Commonwealth Commercial Partners, LLC

Our Hampton Roads team participated in the BON SECOURS HAMPTON ROADS HEALTH SYSTEMS INC Golf Tournament last Friday. Stanton and Gresh won a raffle prize including four rounds of golf each, for two different clubs! Thank you to everyone who helped put on this incredible event! ⛳ Kenneth E. Rodman Jr. F. Gresham Wall, III Sophie Gregoriou Noah Reyes Stanton McDuffie Bon Secours #commonwealthcommercial #ccp #cre #bonsecours #hamptonroads #vabeach #salesandleasing #brokerage #propertymanagement #rva

https://lnkd.in/gxnPVmNg Co-Star's third-quarter results show signs of investment improvement! "South: In the South, only multifamily failed to post a third-quarter gain. The region’s industrial, retail, and office indices were all positive compared to the second quarter. Industrial prices were up 1.5% quarter over quarter and put up a 4.3% annual gain. Retail prices were 1% higher quarter over quarter, while office rose 0.7%. Multifamily pricing extended its negative trend, giving back 1.8% in the quarter and 4.1% over the prior 12 months. Northeast: Industrial also stood out in the Northeast. Retail, multifamily, and office prices were down quarter over quarter the region. Multifamily and office prices dropped 1.9%. Retail had the biggest slide, falling 2.3%. Industrial grew 1.9% in the third quarter but was still down 0.7% annually. Compared to September 2023, all four property types were lower with retail, at minus 4.4%, giving up the most value. Midwest: Office prices gained in the Midwest, rising 0.3% on a quarterly basis, and now showing gains in three consecutive quarters. Multifamily prices dropped 1.9%, reversing two previous quarters of strong gains. Multifamily posted annual price increases above 3% over the past three years. Industrial prices dropped 1.8%. Retail shed 2.4% quarter over quarter. West: The West, which has seen some of the steepest price declines over the past year, posted noticeable gains in the third quarter. Industrial property prices rose 2% quarter to quarter, and office gained 0.9%. The multifamily index dropped 1.4% quarter to quarter. That's a far less steep drop, however, than losing 22.7% of its value compared to June 2022. Retail also dipped 1.4% over the previous quarter."

Thank you, Tina Burkett, for your incredible support of our Veterans! ❤️ #CCPGivesBack

Our Commonwealth Commercial Partners, LLC team had a great time at the HRACRE (Hampton Roads Association for Commercial Real Estate) Oyster Roast last week! It was a wonderful opportunity to connect with friends and colleagues, and enjoy this beautiful fall weather in Virginia! 🍂 Stanton McDuffie Sophie Gregoriou F. Gresham Wall, III Scott Keeton Edward D. Noah Reyes Michael Mayhew #commonwealthcommercial #ccp #cre #hracre #commercialrealestate #hamptonroads #vabeach

Commonwealth Commercial Partners, LLC's summer internship program is now open to current Sophomores & Juniors with a strong interest in commercial real estate! The 12-week rotational program will give interns hands-on experience with many departments in commercial real estate, including sales and leasing, property management, asset management, financial modeling, lease administration, and accounting. To apply for our 2025 internship program, please submit a cover letter and resume to careers@commonwealthcommercial.com by November 8th! For additional information, please visit our website: https://lnkd.in/eeVPxzY3 #commonwealthcommercial #ccp #cre #commercialrealestate #hiring #interns #rva

Congratulations to our Sales and Leasing team on this week's #RVA transactions! JAMSS LLC purchased 4,224 square feet at 14360 Sommerville Court in Chesterfield for $1.035 million from RKKCC. Tucker Dowdy, SIOR and Sam Edwards with Commonwealth Commercial Partners represented the seller. Nuckols Property purchased 3,783 square feet at 11541 Nuckols Road in Henrico for $1.025 million from Kaylan Plaza. Eric Hammond and Tucker Dowdy, SIOR with Commonwealth Commercial Partners represented the seller. Calyx LLC purchased 3,450 square feet at 215 W. Clay St. in Richmond for $800,000 from Robert Finley Hopper IV and Hopper Revocable Family Trust. Colton Konvicka represented the buyer. #commonwealthcommercial #ccp #cre #brokerage https://lnkd.in/eGUTy_nB

Greater Richmond Association for Commercial Real Estate (GRACRE) Trolley Tour 2024! Thank you to everyone who put this event together, especially Brian Kinnear, Michael Evranian, Jonathan Van Dyke! Our members-only tour visited QTS Data Centers in Henrico County and then had a mobile tour of Hanover from Hanover County Economic Development leaders, Brandon Turner & Armon Smith.

We had a fantastic time at the 2024 Real Estate Trends event presented by VCU Kornblau Real Estate Program! Willy Walker and Jay Bilas shared insightful real estate expertise. A huge thank you to everyone who helped put on this exceptional event. We are already looking forward to attending next year! #CommonwealthCommercial #CCP #CRE #KornblauRealEstateProgram #VCURealEstateClub #VCU #VCUSchoolOfBusiness #RVA

Please join us in welcoming Charles McDugald to the Houston team as an Assistant Property Manager. Charles, born and raised on the West Coast, relocated to Houston in early 2023 to be closer to family. We look forward to having Charles on the team and know he will be a great addition! Scott Francis, CPM, CCIM Sarah Gadson, CPM #commonwealthcommercial #ccp #cre #propertymanagement #houston #texasrealestate #rva

We are excited to share Eric Hammond's third quarter achievements for Landlord and Tenant Representation (Office/Medical) 🌟 Highlights: Total Lease Volume: 124,699 SF (399,677 SF YTD) Total Deals: 25 (77 YTD) Clients Represented: 7 (20 YTD) Properties Represented: 14 (35 YTD) Contact Eric to learn more about our Sales and Leasing Services. Eric Hammond Vice President 📞 804-793-0049 ✉️ ehammond@commonwealthcommercial.com #commonwealthcommercial #ccp #cre #brokerage #rva