November 5th, 2008 - Denver Business Journal
Chateau Lafayette apartments sold for $2.9M
The Chateau Lafayette apartments in Denver have sold for $2.9 million, according to brokers involved in the deal. The Madeleine G. Lawton Family Partnership of California bought the apartments from William T. Beeks Jr. of Seattle. The 34-unit property is located at 1350 Lafayette St., and was completed in 1970. Rents at Chateau Lafayette recently ranged from $575 to $635 a month, according to ApartmentSearch.com.
Bobby Hutchinson and Joe Hornstein at Pinnacle Real Estate Advisors LLC of Denver represented Beeks, and Pinnacle’s Jeff Johnson and Matt Ritter represented the Lawton family.
Click here to read the full article from the Denver Business Journal
October 28th, 2008 - CoStar Group
Pinnacle Real Estate Creates Retail Group
Justin Kreiger and Rob Edwards Move from Marcus & Millichap to Form New Division
Denver-based Pinnacle Real Estate Advisors added a retail division to its brokerage team. Justin Kreiger and Rob Edwards, formerly of Marcus & Millichap, were tapped to lead the Pinnacle Retail Group. Kreiger and Edwards said one of the main reasons behind their move was the opportunity to focus on private capital transactions and build a retail platform from the ground up. Pinnacle has a strong presence in the multifamily market but was looking to expand its business and better serve clients looking to diversify into retail.
Click here to read the full article from the CoStar Group
October 22nd, 2008 - Denver Business Journal
Pinnacle Real Estate starts retail group
Pinnacle Real Estate Advisors LLC, a Denver commercial real estate brokerage firm, has started a retail group that will work with buyers and sellers of retail properties, the company said Wednesday. Started in 2006, Pinnacle is involved in all aspects of commercial brokerage — from office and industrial property sales to selling car washes — but is known for apartment sales. The company recently hired Robert Edwards and Justin Krieger, former retail investment brokers at Marcus & Millichap Real Estate Investment Services Inc. in Denver, to head its new Pinnacle Retail Group. Pinnacle founders/principals Jeff Johnson and Matt Ritter also used to be with Encino, Calif.-based Marcus & Millichap’s local operation, as well as Unique Properties LLC of Denver.
Click here to read the full article from the Denver Business Journal
August 20th, 2008 - Colorado Real Estate Journal
Josh Newell, Senior Advisor at Pinnacle Real Estate Advisors contributed his expertise in this article featured in the Colorado Real Estate Journal
Class C apartment market is gaining momentum in 2008
As we all know, the foreclosure crisis has created a much stronger apartment market for the Denver metro area. Subprime issues bode well for apartment owners as would-be homeowners just three years ago are back to renting apartments. New construction for apartments remains at historically low levels. Colorado job growth continues to outpace the national average. The stock market has been no safe haven as of late. In short, demand for apartments is up and supply remains relatively low. So it is wasy to see why so many investors are getting out of other commercial product types and moving their capital to apartment buildings...
Click here to read the full article from the Colorado Real Estate Journal
July 16th, 2008 - Denver Business Journal
Apartment complex sells for $1.4M
A couple of small Denver-area apartment properties have sold recently, according to brokers involved in the deals.
Sales include:
- 1336 Corona St., Denver - Fern Bowman and Jeanne Rutledge sold this 20-unit complex built in 1930 for $1.4 million to Corona DJ LLC. The buyer is affiliated with the Merage family of Englewood, according to Colorado Secretary of State Office records.
Click here to read the full article from the Denver Business Journal
June 18th, 2008 - Colorado Real Estate Journal
Pinnacle closes six apt. deals
Pinnacle Real Estate Advisors LLC recently closed six apartment transactions in the Denver metro area, including the $1.35 Million sale of 910 Downing St.
The Downing property, located in Denver, comprises a single studio unit and 17 one-bedroom, one-bath apartments. Del L. Harmer Trust sold the community, which was built in 1962.
The buyer was 910 Downing LLC. Jeff Johnson, Kyle Malnati, and Matt Ritter of Pinnacle Real Estate represented the buyer.
The seller was represented by Jeffrey Hirschfeld of Antonoff & Co. Brokerage.
Click here to read the full article from the Colorado Real Estate Journal
March 31st, 2008 - Denver Business Journal
Josh Newell, Senior Advisor at Pinnacle Real Estate Advisors contributed his expertise in this article featured in the Denver Business Journal
Financing today requires taking a new approach
Getting financed just isn't what it used to be. Ask any real estate investor about that one. They've become intimately familiar with the term "credit crunch" and its devastating effects on both lenders and buyers in residential and commercial markets. Even investors or homeowners with good, solid credit are being turned away by skittish mortgage lenders, just not willing at this point to loosen their underwritting standards. A New York Times editorial late last summer noted that "$1.2 trillion of subprime housing mortgages originated in 2005 and 2006 alone," and that the credit crisis "is still largely ahead of us..."
Click here to read the full article from the Denver Business Journal
February 22nd, 2008 - Colorado Real Estate Journal
We proudly congratulate our 2007 Top Producers
Together, Bobby Hutchinson and Joe Hornstein had a record breaking year, closing twenty-one commercial real estate transactions totaling $27,198,000 to earn the 2007 TOP PRODUCER awards. Kyle Malnati received the 2007 ROOKIE OF THE YEAR award for an extraordinary year, closing ten commercial real estate transactions totaling $9,849,400 in volume. Pinnacle Real Estate Advisors saw considerable growth not only in sales volume but also in terms of brokers. In 2007, five new brokers and two new support staff joined the company, bringing the company to a total of 22 people. 2008 is poised to be a phenomenal year for Pinnacle. Today we welcome two experience brokers to our team, Josh Newell and Chad Miller. Having been tough competitors at a large national firm they are guaranteed to elevate Pinnacle to even greater heights...
Click here to read the full page from the Colorado Real Estate Journal
January 25th, 2008 - Denver Business Journal
Will Metcalf, Senior Advisor at Pinnacle Real Estate Advisors contributed his expertise in this article featured in the Denver Business Journal
Adaptive reuse can have wide real estate investment appeal
Adaptive reuse is one of those hot topics that strikes a chord with a wide range of business proffesionals. And although its stature is growing as part of of the nation's New Urbanism, adaptive reuse has been a viable component of commercial real estate investing for decades. According to Wikipedia, the term is defined as "the process of adapting old structures for new purposes." In comercial circles, that may mean an outdated or distressed hotel is adapted and remodeled for use as a nursing home. Or a vacant industrial space near an expanding downtown core is converted to a restaurant or retail space...
Click here to read the full article from the Denver Business Journal
October 26th, 2007 - Denver Business Journal
Joe Hornstein, Senior Advisor at Pinnacle Real Estate Advisors contributed his expertise in this article featured in the Denver Business Journal
Lending fallout can benefit the multifamily market
Already solidly on the rebound to recovery, metro Denver's apartment market is getting an unexpected shot in the arm from ailing lenders and overextended homeowners. It's not as if single-family and multifamily markets aren't already intertwined. They are. In fact, industry experts refer to the apartment market as a "hybrid" sector. It falls under the residential side obviously, because people reside in apartments. But it is also a very agile investment market. And fundaments in one market can dramatically affect those in the other...
Click here to read the full article from the Denver Business Journal
October 17th, 2007 - Colorado Real Estate Journal
Ritter delights in role in helping clients succeed
In the midst of a roomful of corporate white shirts, Matt Ritter isn't in his prefered element. But among a group of individual private owners, he's right at home. Ritter, principal and founding partner of Pinnacle Real Estate Advisors, relishes the opportunity to work directly with a transaction's decision makers as more than just a broker. "We see ourselves as a service business. We are consultants, advisors working with the key decision makers," said Ritter, who specializes in private capital investment in multifamily product...
Click here to read the full article from the Colorado Real Estate Journal
October 3rd, 2007 - The Denver Post
Congratulations on another succesful month!
People on the move
Pinnacle Real Estate Advisors LLC: Recognized Kyle Malnati for closing more than $6 million in one month.
September 19th, 2007 - Colorado Real Estate Journal
Pinnacle Real Estate arranges $10.13 in apt. transactions
Pinnacle Real Estate Advisors recently handled $10.13 million in apartment sales in the Denver Metro area. The highest-price sale was that of the Leetonia, a mixed-use community at 1510-1515 Vine St. in Denver. The Leetonia comprises 25 studio apartments, seven one-bedroom, one-bath apartments, and five retail spaces, Leetonia Investments LLC purchased the property from Leetonia LLC for $2.88 million. Jeff Johnson and Matt Ritter of Pinnacle Real Estate Advisors LLC represented the buyer in the transaction. The Property was built in 1930.
Click here to read the full article from the Colorado Real Estate Journal
June 26th, 2007 - Denver Business Journal
Pinnacle Real Estate Advisors were mentioned in the most recent DBJ for their role in the sale of two apartment buildings last week.
Several Denver-area apartment properties have sold recently. The deals include:
3150 W. Louisiana Ave.
553 S. Forest. St.
Click here to read the full article from the DBJ
April 27th - May 3rd, 2007 - Denver Business Journal
Bobby Hutchinson, Senior Advisor at Pinnacle Real Estate Advisors contributed his expertise in this article featured in the Denver Business Journal.
Infill development a good match for multifamily investors
It's not as easy as it sometimes looks to predict the next great investment opportunity. On the real estate side, investors mitigate risk by tracking market fundamentals and assessing development potential. And sometimes they just make gut decisions.
Click here to read the full article from the DBJ
April 18th - May 1st, 2007 - Colorado Real Estate Journal
Jeff Johnson, principal at Pinnacle Real Estate Advisors was featured in the most recent edition of the Colorado Real Estate Journal.
Clients drive Johnson to excel in real estate business
Duty, honor, country. It is the striking expression of the U.S. Military Academy at West Point's values and the ideals that PInnacle Real Estate Advisors LLC's prinicpal Jeff Johnson devotes himself to in commercial real estate. "I really take concepts like honesty, trust, and strong work ethic to heart in this business and my personal life," said Johnson, a graduate of West Point who served six years as an infantry officer in the U.S. Army.
Click here to read Jeff Johnson's full profile featured in the Colorado Real Estate Journal
March 16th - 22nd, 2007
Congratulations on another year in the finals!
To be considered for the annual DMCAR Heavy Hitters awards competition applicants must be licensed Realtors, current members of the Denver Metro Commercial Association of Realtors and practicing brokers of commercial real estate in the Denver area. JB Hochman, Matt Ritter, and Jeff Johnson were all recognized as DMCAR's 2007 Heavy Hitters, this award is given to the top ten brokers in their field in a given year. This is JB's first year in the top ten and Matt and Jeff's sixth consecutive year as Heavy Hitters. Congratulations to JB, Matt, and Jeff on there success in 2006.
January 26th, 2007
Jeff Johnson, Principal at Pinnacle Real Estate Advisors contributed his expertise in this article featured in the Denver Business Journal
Investors shouldn't rest on laurels
Most good business owners are keenly intuitive about the market cycles they operate in. When times are good, some owners enjoy the profits, build wealth for their companies. Others are perpetually re-investing, regardless of market or economic conditions.
Click here to read the full article from the DBJ
January 12th - 18th, 2007 - Denver Business Journal
It was snow problem
Four brokers with Denver-based Pinnacle Real Estate Advisors LLC took their customer-service skills to a new level. On Dec. 21, in the aftermath of the pre-Christmas blizzard, Jeff Johnson, Matt Ritter, J.B. Hochman and Scott Mehlman navigated through the snow to pick up the sellers and buyers of a Denver apartment building and bring them to the closing table.
A 13-unit complex at 1520 Trenton St. sold for $590,000. The seller was 1520 Trenton LLC. The buyer was Jorge Esparza.
Ritter and Johnson were at it again the next day, closing the sale of a 10-unit apartment building at 1465 Elm St. in Denver.
The property, built in 1945, sold for $1 million. The seller was Elm Street LLC. The buyer was Alexandria Investments LLC.
Both are local investors.
Click here to read the full article from the DBJ
September 20th - October 3rd, 2006 - Colorado Real Estate Journal
Opportunity fuels new company
The desire to unite the culture of a boutique brokerage firm with the advantages of a corporate brokerage house has propelled a pair of brokers to strive to reach new "heights."
Jeff Johnson and Matt Ritter, who last year closed more than $30 million in commercial transactions, recently founded Pinnacle Real Estate Advisors, where they plan to combine the best aspects of corporate and boutique brokerage firms.
Click here to read the full article from the CREJ
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