Heavy-hitters in the Colorado Springs commercial real estate community gathered Wednesday night to celebrate their successes selling and leasing commercial property in the region.
At their first formal gathering since forming last year, nearly 100 members of the Southern Colorado Commercial Brokers met to distribute “Deal Maker Awards 2015” as the organization’s inaugural event.
The SCCB replaces the former professional organization, the Realtor Commercial and Industrial Society, in the Pikes Peak region. The agent members of the SCCB left the Pikes Peak Association of Realtors last year because the PPAR requires its sales agents to be Realtors, a specialty designation of brokers and sales agents.
“We wanted to form a group that supported both,” sales agents who are Realtors and those without that designation, said Weldon Shaver, Weichert Commercial Affiliates agent.
The switch involves the organization changing its database provider to Xceligent. This change should save commercial brokers $1 million annually, Shaver said. He and Nicola Myers-Murty of CBRE helped form the SCCB, “because we wanted to form an organization that was all-inclusive,” she said.
The Deal Maker Award winners were:
- Legacy award, George Jury. Jury began his career as city engineer in the early 1970s and is a licensed civil engineer and land surveyor. He worked with development company Col-Terra Investments Ltd., and its developments included Vista Grande, Homestead and others. It is estimated that those developments totaled 2,500 acres with sales at $500 million, said Shaver, who served as moderator of the event. Jury and others formed Fidelity Real Estate and Development in the 1980s. Since then, he has continued to broker deals and mentor young professionals entering the business.
- Rookie of the year, Caleb David of Cameron Butcher. In the 18 months he’s been in business, he’s completed five sales, 10 retail leases, 27 office leases and four industrial leases.
- Office transaction of the year, Evicore. This was a 10-year lease of 96,000 square feet organized by Myers-Murty and Randy Miller of CBRE and Michael Palmer of Quantum Commercial.
- Industrial transaction of the year, Airport Square. The nonprofit Silver Key purchased 67,800 square feet of office and warehouse space. Completing the transaction were Steve Hunsinger of Olive Real Estate, and seller’s brokers were David Bacon and Aaron Horn of Colorado Springs Commercial/Cushman and Wakefield.
- Land transaction of the year, Crest at Woodmen. This project involves redeveloping the 77-acre, 660,000 square feet Current Inc. property. Brokers involved were all from CBRE, Whitney Johnson, Marty Johnson and Patrick Kerscher.
- Retail transaction of the year, Lincoln Center. This project will transform a former elementary school into a business center that will include retail space, a barber, a brewery, a CrossFit and more, said buyer and developer John Rodgers of Peak Commercial.