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Pinnacle Post - Commercial Real Estate in Denver

Pinnacle Real Estate Advisors provides up-to-date information on commercial real estate news in Denver. Our commercial real estate blog delivers market data and market trends for all product types including: office, industrial, multifamily, land, retail and student housing.

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Inflation in Colorado and the West takes a break, but annual price gains still high

  
  
  

By: Mark Harden, Denver Business Journal  

Consumer prices in Colorado and other western states rose 0.1 percent in June from the previous month, a much smaller month-over-month rise than May's 0.6 percent monthly gain, federal officials reported Tuesday.

But prices in the West rose 2.3 percent over the 12 months ending in June, the same year-over-year increase as in May and tied for the highest annual gain since October 2012, the U.S. Department of Labor's Bureau of Labor Statistics said.

The good news was that the upward trend of inflation in the western states was halted last month, at least temporarily. The rate of year-over-year gains in the Consumer Price Index (CPI) had been rising over the last few months.

Click Here to Read the Full Article l Denver Business Journal 

Denver-area home prices exceed pre-recession peak, says Zillow

  
  
  

Home values in the Denver metro area have gone above and beyond their highest pre-recession levels, and are predicted to keep rising, according to the data released Monday by Zillow.com.

In addition to exceeding their previous peak, home values are expected to continue their upward trend, growing by 1.8 percent over the course of the next year, from first-quarter 2014 to the same period in 2015.

Nationally, home values are expected to increase by 4.2 percent over the next year.

Click Here to Read the Full Article | Denver Business Journal 

Colorado gains 3,000 jobs; sharp drop in unemployment

  
  
  

Colorado gained 3,000 payroll jobs in June from the previous month, and the state's unemployment rate dropped three-tenths of a point, to 5.5 percent, the Colorado Department of Labor and Employment reported Friday.

But the Colorado job gain was driven by increased government hiring, with public sector payroll jobs increasing by a net 3,300 last month and private sector positions declining by 300, CDLE, monthly report said.

And while the drop in the state's unemployment level brought that closely followed measurement to its lowest point since October 2008, the decline was partly driven by a 1,600 decrease in the state's labor force (defined as working people plus unemployed people actively seeking work). But the state also gained thousands of jobs in June, CDLE said.

Click Here to Read the Full Article | Denver Business Journal 

Pinnacle Real Estate Advisors Volunteers at Brother’s Redevelopment 36th Annual Paint-A-Thon

  
  
  

On Friday, Pinnacle Real Estate Advisors, LLC spent the day volunteering at Brother’s Redevelopment 36th annual Paint-A-Thon and painted a home for an elderly woman in South Denver.  Brother’s Redevelopment Paint-A-Thon works with sponsors to help paint the homes of income-qualified senior and disabled homeowners in cities across the Front Range.

 

Click Here to learn more about Brothers Redevelopment, Inc.


Pinnacle Real Estate Advisors Welcomes Brent Hubbell

  
  
  

describe the imagePinnacle Real Estate Advisors, LLC is pleased to announce that Brent Hubbell has joined our team as an Associate Advisor.  Prior to Pinnacle, Brent worked as a Vice President with FirstBank where he was responsible for originating, underwriting and managing commercial relationships. Brent’s experience as a commercial loan officer enables him to understand real estate transactions from both the real estate side as well as the financing side. Brent graduated from the University of Colorado at Boulder with a degree in finance.  He will focus in the multifamily product type in Colorado Springs and Pueblo. 

Click Here to View Brent's Bio

Happy Fourth of July From Pinnacle Real Estate Advisors

  
  
  

 Happy Fourth of July From Pinnacle Real Estate Advisors    

4th July

Pinnacle Real Estate Advisors is Hiring!

  
  
  

Receptionist/Marketing Assistant

Receptionist/Marketing Assistant needed for a local, high growth, dynamic, energetic commercial real estate firm.

Looking for a hard working, trustworthy, and organized person, with a strong ability to multi task. A can‐do attitude is a must, along with the ability to learn quickly, and adapt to a demanding and changing work environment.

View Full Job Description Here

Pinnacle Real Estate Advisors Supports Camp Out for Kids

  
  
  

Camp Out For Kids WebPinnacle Real Estate Advisors supported Camp Out for Kids this past weekend. 

Pinnacle Real Estate Advisors Volunteers at Food Bank for the Rockies

  
  
  

FoodBankRockiesOn Friday, Pinnacle Real Estate Advisors, LLC spent the afternoon volunteering at Food Bank for the Rockies packing food in their warehouse. Food Bank of the Rockies is the largest private hunger-relief organization in the state of Colorado.  

Click Here to learn more about Food Bank of the Rockies. 

Pinnacle Real Estate Advisors, LLC Named 2014 Top Brokers by National Real Estate Investor

  
  
  

2014 top brokersPinnacle Real Estate Advisors, LLC has been named a 2014 Top Broker Firm by National Real Estate Investor (NREI).  Nationally, it was another robust year for commercial real estate brokerage firms. Most firms saw an increase in both leasing and sales activity over the past year allowing significant growth in revenues.

Pinnacle Real Estate Advisors ranked 40th nationally in the National Real Estate Investor’s 2014 Top Broker survey, with a global transaction volume of $291,968,496. In order to be selected as a top firm, a survey was done asking brokerage firms to provide their total dollar volume of sale and lease transactions. They are then ranked against other commercial brokerage firms on a national level.

Pinnacle Real Estate Advisors significant transactions that closed in 2013 included a 288-unit apartment building located in Northglenn, Colorado, which traded at a price of $19,661,400; and Flats at Sky Village, a 105-unit multifamily property that traded for $10,070,000. Pinnacle real estate brokers closed 265 sale and lease deals in 2013, up 26 percent from 2012.

“Pinnacle has experienced tremendous growth this past year and we have seen an increase in activity in both leasing and sales transactions. We pride ourselves on offering the best real estate services and solutions for our clients,” said Pinnacle Real Estate Advisors Principal, Jeff Johnson.

“We are honored to earn a spot as a top firm by National Real Estate Investor.  Pinnacle Real Estate Advisors has a great team of brokers and staff who work hard throughout the year and we are proud of their accomplishments,” stated Matt Ritter, Principal at Pinnacle Real Estate Advisors.

 The complete list of 2014 Top Broker Firms can be found at http://nreionline.com/2014-top-brokers.

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