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Hawks, Andrews honored as Heavy Hitters

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Highlights:

  • Heavy Hitters announced last week.
  • Awards are given by DMCAR.
  • ARA team sold $971 million in apartments last year.
Scott Peterson, left, with DMCAR President Austin Kane.

Scott Peterson, left, with DMCAR President Austin Kane.

Jeff Hawks and Doug Andrews last year each sold about $293 million in apartment communities last year, once again making them the top apartment brokers in the Denver area.

Last week, the principals of Denver ARA received the Heavy Hitters Multi-Family award from the Denver Metropolitan Commercial Association of Realtors.

They are no strangers to the award.

It was the 21st time in the past 22 years they have been designated as Heavy Hitters.

Even though last year, the 23 apartment communities they sold accounted for almost $600 million in dollar volume, 2013 wasn’t their best year.

Last year, the ARA team, which also includes Terrance Hunt and Shane Ozment, sold $971 million in apartment. Hunt’s and Ozment’s share equated to $120.4 million each, putting them in fourth place.

Jordan Robbins of HFF was second, with $224.8 million in apartment transactions last year.

In third place, was the CBRE team of Dan Woodward and David Potarf with $126.5 million each, or a combined total of $253 million.

In 2012, the ARA team sold a record $1.2 billion in apartment communities.

“Both last year and 2012 were amazing years,” Hawks said.

They also have gotten off to a good start this year, with the four members of the ARA team having already sold $400 million in apartments.

Heavy Hitters last Friday also were named in land, industrial, office, investment, retail, and small office broker categories. In all of the categories, including multi-family, they sold about $3 billion in commercial real estate properties in 2013.

In addition, DMCAR recognized a Young Broker of Denver, Top Landlord companies in the office, retail and industrial categories and paid tribute to Scott Peterson of Counsel Realty Group as its Broker of the Year.

Originally recruited to get more involved with the organization in 2007, Peterson has taken on a variety of leadership roles over the past seven years and is credited as being an instrumental player in helping DMCAR become a stand-alone organization beginning in 2013.

“I was extremely proud of the way our leadership team came together and made some very sound decisions,” Peterson said.

“We have a group of forward thinking, visionary people who helped propel DMCAR to a stand-alone entity focused exclusively on the needs of Denver’s commercial brokers,” he continued.

“Coupled with a tremendous staff, we’re well positioned to deliver expanded and improved services to our growing membership,” he added.

DMCAR’s success can be measured in many ways including, a renewed energy among members, leadership and staff, the caliber of the professionals volunteering to serve the organization and the industry, a growing network of affiliates and service partners and, most important, membership growth, according to other board members.

“Scott is one of those consummate professionals that can handle even the toughest situations with style and grace,” said DMCAR CEO Katie Kruger.

“He is an exceptional listener who will take the time to gather all of the information available before making thoughtful and fair decisions with the help of his fellow leaders and staff. He’s earned the respect of his peers and he’s done it in a very natural way that encourages camaraderie and gets results.”

Meanwhile, other Heavy Hitters, by category, include:

  • Top Investment Brokers –– Tim Richey and Mike Winn, Cushman & Wakefield, Inc. – The Winn Richey Team completed 18 deals in 2013 totaling $497.9 million each in production, for a total of $995.8 million. It was their 11th Heavy Hitters in Investment title in the past 12 years.
  • Top Office BrokersTy Ritchie and Doug Bakke, CBRE, Inc. – the team completed 234 transactions in 2013 totaling $244.2 million each in personal production.
  • Top Industrial BrokerJim Bolt, CBRE, Inc. – a 30-year veteran of the commercial real estate industry, he completed 110 transactions in 2013 totaling $172.6 million in personal production.
  • Top Land BrokersMike Kboudi and Jim Capecelatro, Cassidy Turley – the team completed 42 transactions of multiple size in 2013 with personal production totaling $69.9 million each.
  • Top Retail BrokerJon Weisiger, CBRE Inc. – a 24-year industry professional, he completed 74 deals totaling $50.6 million in personal production in 2013 that included the opening Cherry Hills Marketplace opening of Trader Joe’s.
  • Top Small Office BrokerPatricia Wassik, Health Connect Properties, Inc. – a 32-year industry veteran, Wassik closed 28 deals in 2013 totaling $22.6 million in personal production.

Young Broker

 DMCAR’s 2013 Young Broker of Denver is Jeremy Ballenger of CBRE Inc.

Selected from a group of young professionals with less than three years of experience, Ballenger, in his first year of brokerage, worked with partner Tyler Carner to significantly grow their industrial practice.

Working deals up and down the front range, including two large industrial transactions in Colorado Springs and Fort Collins, Ballenger completed 17 deals totaling $12.9 million in personal production.

DMCAR also recognized the 2013 Top Landlords in the Office, Retail and Industrial categories. Association members were asked to submit nominations for their top choices in the submarket that the individual broker practices.

Winners were:

2013 Top Office Landlords:

  • Brookfield Office Properties.
  • LBA Realty.
  • Legacy Partners

2013 Top Retail Landlords:

  • Robert L. Naiman & Co.
  • CNA Properties.
  • Cole Real Estate.
  • Principal Global Investors.
  • Sperry Equities .
  • Provident Realty Advisors .

2013 Top Industrial Landlords:

  • Prologis.
  • First Industrial.
  • Etkin Johnson Group.

Have a story idea or real estate tip? Contact John Rebchook at  JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.