MCALLEN, TEXAS (July 22, 2021) – Coldwell Banker Commercial Rio Grande Valley, one of South Texas’ largest commercial real estate firms, is continuing its expansion by joining forces with McAllen-based commercial real estate brokerage Pointer Realty. This was jointly announced by Daniel Galvan, SIOR, CCIM, principal broker at Coldwell Banker Commercial Ro Grande Valley, and Harry Urey, Jr., principal owner of Pointer Realty. Financial terms of the deal were not disclosed.
The combining of the brokerages, effective August 1, 2021, is believed to be one of the largest in significance in recent McAllen real estate industry history, according to Galvan. Along with Urey, Jr., Pointer Realty commercial real estate professionals Benny Dominguez and Rafael “Felo” Guerra will also be joining Coldwell Banker Commercial Rio Grande Valley.
“The addition of Pointer Realty creates an even larger powerhouse for Coldwell Banker Commercial, the most dominant brand for commercial real estate in The Rio Grande Valley,” said Dan Spiegel, managing director of Coldwell Banker Commercial. “We are very excited that, with the combining of the firms, Coldwell Banker Commercial Rio Grande Valley will continue to provide the excellent support that agents and their clients expect, while providing the resources afforded to an internationally recognized brand with a large local presence. We are committed to ensuring that all our clients receive best-in-class service and our agents are afforded every opportunity to optimize their business potential.”
“We are proud and excited to bring the Pointer Realty team on board with us. They bring an extensive amount of industry knowledge and market experience to Coldwell Banker Commercial Rio Grande Valley and we look forward to our brokerage’s continued success,” said Galvan.
The combined brokerage, to be located at 508 E. Dove Ave. in McAllen, Texas, is now one of the largest real estate companies in South Texas providing an array of commercial real estate services including development, sales, leasing, tenant representation, and property management.
Coldwell Banker Commercial Rio Grande Valley, founded in 2008, has more than 11 full time agents.
The newly expanded Coldwell Banker Commercial Rio Grande Valley is expected to be involved with some of the largest transactions in the valley. In 2020, the firms completed nearly 200 sales and lease transactions valued at $125,000,000.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Rio Grande Valley is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbworldwide.com