On 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 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.
By: National Real Estate Investment, David Bodamer
It was another year of robust growth for commercial real estate brokerage firms. Increases in investment sales and leasing activity enabled many of the firms on our list to grow their transaction volumes by 15 percent or more, with some firms experiencing particularly robust growth rates.
The top dog on our list remains CBRE Group Inc. It is the 11th consecutive year that CBRE has lead the industry in total transaction volume. The firm reported a total volume of $233.30 billion in 2013, a 17.7 percent increase over 2012’s figure of $189.80 billion. That leaves it more than $60 billion ahead of its closest competitor, the newly re-christened JLL. However, JLL nearly tripled CBRE’s growth rate in 2013. The firm reported $162.12 billion in total transactions, up 48.9 percent over 2012’s total of $108.91 billion. Meanwhile, the number three firm on the list, Cushman & Wakefield, saw its volume grow from $88.40 billion 2012 to $115.00 billion in 2013, a growth rate of 30.1 percent.
Newmark Grubb Knight Frank and Colliers International round out our top five, but the two firms swapped positions from last year. Newmark Grubb Knight Frank was able to leapfrog Colliers thanks to a 19.5 percent increase in its transaction volume, from $69.84 billion to $83.43 billion. Colliers had more modest growth, rising 5.6 percent from $71.20 billion in 2012 to $75.15 billion in 2013.
40 - Pinnacle Real Estate Advisors - Denver - $291,968,496
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Pinnacle Real Estate Advisors, LLC has been selected by CoStar Group (NASDAQ: CSGP), commercial real estate’s leading independent research firm, to receive a CoStar Power Broker Award. This annual award recognizes the “best of the best” in commercial real estate brokerage by highlighting the U.S. firms and individual brokers who closed the highest transaction volumes in commercial property sales and/or leases for the entire year of 2013 in their respective markets.
As the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market throughout the U.S. All awards are based on transaction data maintained in CoStar's commercial real estate database, which is the largest independently researched database of commercial real estate property information available online.
Pinnacle Real Estate Advisors qualified as one of the top commercial sales and leasing firms in Denver based on total transactions closed during the year. This is the fifth consecutive year that Pinnacle Real Estate Advisors has been selected for this award. In order to be selected for this honor, Pinnacle Real Estate Advisors was evaluated against other commercial real estate brokerage firms active in its region by CoStar Group, and subsequently ranked among the top firms in the market.
Pinnacle Real Estate Advisors significant commercial and apartment 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.
“We are honored to earn the distinction as a top sales firm for the fifth consecutive year in the Denver market. Pinnacle Real Estate Advisors has a great team of brokers and staff who work hard and we are proud of their accomplishments,” stated Matt Ritter, Principal at Pinnacle Real Estate Advisors.
“Pinnacle has experienced tremendous growth this past year and we pride ourselves on offering the best real estate services and solutions for our clients. Many thanks to our outstanding clients, they are truly what make this award possible,” said Pinnacle Real Estate Advisors Principal, Jeff Johnson.
The complete list of 2013 CoStar Power Broker Awards winners can be found at www.CoStarPowerBrokers.com.
Pinnacle Real Estate Advisors, LLC would like to congratulate our brokers that have been nominated for NAIOP’s Colorado Chapter Annual Awards. Each year, NAIOP Colorado hosts an awards event to recognize the “Best of the Best” in the commercial real estate industry.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-used real estate. NAIOP provides industry networking as well as education and legislation on behalf of their members.
Matt Ritter and Jeff Johnson, Principals at Pinnacle Real Estate Advisors, were nominated for multi-family broker of the year award. The Johnson Ritter team completed over 39 transactions in 2013 for a total sales volume over $82 million. Two other teams were nominated for the award as well. The awards event was held on February 27th, 2014 at the Curtis Hotel.
“We are honored to be nominated for this award through the NIAOP Colorado chapter. We've worked very hard as a team this year, and are glad to have helped so many of our clients achieve their real estate goals,” stated Jeff Johnson, Principal at Pinnacle Real Estate Advisors.
Pinnacle Real Estate Advisors, LLC would like to congratulate our brokers that have been selected as Heavy Hitters by the Denver Metropolitan Commercial Association of Realtors, better known as DMCAR. Each year, DMCAR honors the top ten commercial real estate producers in land, industrial, multi-family, office, investment, retail and small office broker categories. These top producers are known as the Heavy Hitters.
In addition, to naming Heavy Hitters, DMCAR also recognizes the top Young Brokers as well the Top Landlord companies in the office, retail and industrial categories.
DMCAR is one of the oldest and largest commercial real estate trade associations in the United States. Consisting of over 2,000 commercial real estate professionals, DMCAR provides timely industry information, effective political advocacy, and the professional designations needed to provide the best possible service to your clients.
Pinnacle Real Estate Advisors had six brokers recognized as Heavy Hitters in the multi-family product type: Josh Newell (Pinnacle Real Estates Advisors 2013 Top Producer), Joe Hornstein, Matt Lewallen, Kevin Calame, Jeff Johnson and Matt Ritter (Principals at Pinnacle Real Estate Advisors).
“Our top sales professionals have worked very hard this past year and we are proud of their achievements. The DMCAR Awards allow us to honor our commercial real estate brokers that are top performers in their area of expertise,” stated Jeff Johnson, Principal at Pinnacle Real Estate Advisors.
“Since our inception in 2007, Pinnacle has experienced tremendous growth and we are proud of our top producing brokers,” said Pinnacle Real Estate Advisors Principal, Matt Ritter.
Denver-based commercial real estate firm, Pinnacle Real Estate Advisors finished the year strong and posted its best year since the company was founded seven years ago.
Pinnacle’s 2013 sales volume is up 38.7 percent from 2012. Pinnacle brokers closed 265 sales and lease deals, up 26 percent from the 211 they completed in 2012. “We had a record breaking fourth quarter this year, up 32 percent from last year,” stated Jeff Johnson, principal and co-founder of Pinnacle.
“Denver’s commercial real estate market has officially rebounded,” said Matt Ritter, principal and co-founder of Pinnacle. “Denver’s multi-family investment properties have done particularly well in 2013 and we have seen aggressive growth in the office, industrial and retail sectors as well.”
Senior Advisors Josh Newell and Joe Hornstein closed the largest transaction of the year. Villages by the Park closed in March and sold for $19.6 million or $68,269 per unit. Josh Newell, who received Pinnacle’s Top Producer Award of 2013, represented the Seller in the transaction and Joe Hornstein represented the buyer.
“As reported by Costar, for apartment transactions between $1-$10 million in the 5 county metro Denver region, data shows that 2013 was the best year in terms of sales volume by almost $100 million, reaching over $300 million for the first time,” stated Matt Ritter, principal and co-founder of Pinnacle.
Pinnacle’s record-breaking year pushed gross income up 30 percent compared with 2012.
Pinnacle Real Estate Advisors, LLC would like to congratulate Josh Newell in receiving this year’s top producer award. Josh has been Pinnacle’s top producer five out of the last six years. In the last eight years, Josh has completed over 134 multifamily investment transactions totaling over $180,000,000. In 2013, he closed 26 deals with a sales volume of $55,456,800. Josh’s largest transaction this year was the sale of 10701 Pecos Street, which sold for $19,661,400. Josh Newell also earned the top multifamily award. “Josh is committed to growing and improving his business each year. This year his average deal size increased 11 percent year-over-year, while the number of deals increased by 18 percent,” stated Jeff Johnson, principal at Pinnacle Real Estate Advisors.
Mark Goodman was awarded the top industrial broker award. In 2013, Mark completed 16 sales and 7 commercial leases. His largest deal this year was 20100 E 32nd Parkway which sold for $2,995,000. Mark has been awarded the top industrial broker award three years in a row.
The top office broker award goes to Eric Shaw. Over the past year, Eric has completed 6 sales and 6 commercial leases. His largest deal of the year was the sale of 9595 E Arapahoe Road located in Greenwood Village, Colorado. Eric Shaw also won the top office broker award in 2011.
Justin Krieger won the top retail broker award. His largest transaction of the year was the sale of 5891 Tennyson Street which sold for $5,125,000. Justin has won the top retail broker award the last two out of three years.
The most improved broker award goes to Jim Knowlton, a multifamily broker. Jim has been in the business for over 4 years. In 2013, Jim closed 25 deals with an average deal size of $1,889,648.
Pinnacle Real Estate Advisors, LLC is pleased to announce that Bryce Ballew has joined our team as an Associate Advisor. Prior to Pinnacle, Bryce worked with Jordy construction where he completed over 200 projects worth approximately $28 million. Bryce graduated from Colorado State University and is a licensed Colorado contractor as well as a LEED accredited Professional. He brings his knowledge as a design build project manager to Pinnacle, where he focuses on retail, office, and restaurant leasing, purchasing and sales. His knowledge, spanning from interior tenant improvement projects to multi-million dollar ground up construction, is available to every client as he explains not only the building lease, but also the site and consultant selection process.
Click Here to View Bryce's Bio
Pinnacle Real Estate Advisors, LLC is pleased to announce that Justin Brockman has joined our team as a Senior Advisor. Justin has over 15 years of real estate experience working with municipalities, developers, owners, and tenants in Colorado and throughout the country. Prior to Pinnacle, Justin served as the Managing Director at the Miller Frishman Group in Denver and worked as a Senior Leasing representative at THF Realty. Justin has extensive experience in retail development, retail leasing and commercial and multifamily investment sales.
Justin is a graduate of University of Michigan, and relocated to Denver from St. Louis, MO in 2009.
Click Here to View Justin's Full Bio