Capital Markets

Mark Jensen Receives ‘50 Under 40’

Mark Jensen Receives ‘50 Under 40’

Salt Lake City (October 25, 2017) – Coldwell Banker Commercial Advisors (CBC Advisors) today announced that Mark Jensen, executive vice president at CBC Advisors, was honored among Real Estate Forum’s 2017 “50 Under 40.”

The “50 Under 40 feature showcases high-achieving and innovative young professionals who have made their marks on the commercial real estate industry in various ways, from closing billions of dollars’ worth of transactions to creating products that alter future business practices. Award recipients were selected from hundreds of standout nominations from markets across the U.S.

“Mark has become a standout in the industry,” said Brandon Fugal, chairman at CBC Advisors. “His work ethic, unparalleled drive for success, and client-first mentality allow him to consistently rank among the top investment experts in the West.”

Over the course of a decade-long career, Jensen has become one of the highest-producing commercial real estate investment brokers in the Intermountain West region. He has handled more than $1 billion in total transaction volume, having closed over $120 million in transactions within the last 12 months alone. Within the past three months, he has been personally responsible for organizing 64% of the state of Utah’s brokered apartment transactions.

“Receiving recognition from Real Estate Forum is an honor,” said Jensen. “I am fortunate to work with the best clients and most talented team available. We look forward to delivering the most dominant investment brokerage platform in the West.”

CBC Advisors operates as a full-service commercial real estate brokerage, representing world-class industrial, investment, multifamily, office and retail properties nationally. The firm’s Asset Services division manages a portfolio of commercial properties in excess of 24 million square feet.

Greg Ratliff Joins CBC Advisors as Senior Vice President

Greg Ratliff Joins CBC Advisors as Senior Vice President

Salt Lake City (August 18, 2017) – Coldwell Banker Commercial Advisors (CBC Advisors) is pleased to announce that Greg Ratliff is joining the newly expanded downtown Salt Lake City office at 111 Main as senior vice president of multifamily investments.

“We are thrilled to bring such an experienced and qualified professional to our rapidly growing investment services team,” said Brandon Fugal, chairman of CBC Advisors. “Greg’s leadership adds to a dynamic momentum in our new 111 Main office.”

Ratliff joins CBC Advisors from Newmark Grubb ACRES, where he was vice president of the Apartment Properties Group. Ratliff has played an instrumental role in investment strategy for major multifamily developments including Mission Meadowbrook Apartments, The Diamond J Multihousing Portfolio, 2550 South Main Apartments, Goldstone Place Apartments, Cottonwood Apartments, FoxPoint in Old Farm and Spring Meadows Apartments. His client base ranges from partnerships, pension fund advisors, lenders/loan servicers, TIC and private investors.

“Greg’s contributions will be critical as CBC Advisors continues to build the most dominant investment brokerage platform in the Intermountain West,” said Fugal.

CBC Advisors is the largest full-service brokerage in Utah and has long been considered one of the most recognized and trusted brands in commercial real estate, holding the designation of the top performing Coldwell Banker Commercial operation globally for 14 consecutive years. CBC Advisors represents world-class office, retail, investment, industrial and multifamily projects nationwide with multiple offices in Salt Lake County along with Utah County and Southern Utah.

Canyon Culinary Inc. Concludes Historic Renovation

Canyon Culinary Inc. Concludes Historic Renovation

Canyon Culinary Inc. finished its restoration of approximately 8,400 square feet in the historic Salt Lake City Fire Station No. 8 building and opened doors to the newest Porcupine Pub & Grille located on 1300 East in Downtown Salt Lake City.

“The Restoration of Fire Station No. 8 exemplifies the quality approach to business with which Canyon Culinary Inc. operates,” said Whit Cluff, commercial broker at CBC Advisors who organized the building sale. “Whether pushing the quality limits of food, service, or real estate, Byron and Bryan exceed expectations with their incredible attention to detail.”

Porcupine Pub & Grille opened its first location at the mouth of Big Cottonwood Canyon in 1998 with the vision of creating the perfect gathering place for skiers, mountain bikers, outdoor enthusiasts, families, and friends to come relax and enjoy great food while meeting new friends and experiencing exceptional service. The porcupine believes strongly in supporting the local community and has taken the time to establish a menu and bar offering that reflect local culture. The restaurant produces homemade food and taps 24 locally crafted brews. The Porcupine at Fire Station will serve the same menu as the Porcupine in Cottonwood Heights.

Fire Station No. 8, the second oldest visually intact fire station in Salt Lake City, is historically significant in documenting the expansion and development of the firefighting service in Salt Lake City. The building was constructed in 1930 to serve the east bench area, one of the fastest growing residential areas at that time. The sale of Fire Station No. 8, which had been listed at $1.5 million, about $500,000 under appraisal, was finalized in early 2014. Partners, Byron Loveall and Bryan O’Meara, led restoration efforts to infuse the modern style of the Porcupine Pub & Grille into the 85-year-old building while preserving many original Fire Sation No. 8 features that had faded away as the property passed through a series of owners.

“A big congratulations to this group for the accomplishments achieved during 18 challenging months of development,” said Cluff. “This new Porcupine location marks an opportunity to create a landmark establishment for the community while creating more opportunity to reward a talented staff.”[/vc_column_text][/vc_column][/vc_row]

CBC Brokers Landmark American Fork Transit Oriented Development

CBC Brokers Landmark American Fork Transit Oriented Development

Coldwell Banker Commercial Intermountain today announced a transit oriented development (TOD) occupying 16.2 acres directly adjacent to the American Fork FrontRunner station. The area will permit up to 65 dwelling units per acre and becomes the highest density residential and commercial zone in American Fork history.

“This monumental milestone demonstrates the city’s immense development potential,” said Mary Street, Vice President of Land and Investment Sales at Coldwell Banker Commercial Intermountain. “Many consider American Fork the hub of Utah Valley, and introducing transit-oriented development only further solidifies that position.”

Speculation of an American Fork Frontrunner TOD began well before Utah Transit Authority (UTA) broke ground for the station in 2009. Initially proposals faced severe delays due to economic downturn and public skepticism. After nearly seven years of negotiation, American Fork City, UTA and landowners reached the mutual agreement to commence development.

Since the inception of FrontRunner, TODs have grown in popularity amongst the business community throughout the Wasatch Front. Station Park, Vista Station, Draper Pointe and Thanksgiving Park have experienced rapid growth within the corporate sector attracting major anchor tenants, such as Apple, Microsoft, eBay, Vivint, Pluralsight and AtTask.

“As businesses continue to grapple with a highly competitive labor market, companies will place even greater emphasis on transit-oriented developments to enhance employee recruitment and retention,” said Lew Cramer, President and CEO of Coldwell Banker Commercial Intermountain. “This is the future of commercial real estate.”

American Fork City finalized the Station Area Plan last month. Preliminary zoning is underway, and site maps are available.

Commercial Real Estate Veterans Phillip Dunn & Pete Williams Join Coldwell Banker Commercial

Coldwell Banker Commercial (CBC) today announced two new commercial real estate professionals have joined the international brokerage’s Salt Lake City office to meet client demand and growth expectations: Phillip Dunn and Pete Williams.

Hired as a vice president of Investments at CBC, Phillip Dunn has over 25 years of experience as a retail and industrial investment specialist, having acquired, leased, developed or sold over 10 million square feet during his commercial real estate career. Dunn is a licensed broker in a number of states and will specialize in distressed property acquisition and redevelopment at CBC.

Since 1981, Pete Williams has built a progressive career in the development, acquisition, asset management, brokerage, and divestiture of large-scale commercial real estate properties, and has had direct involvement in the brokerage of over $350 million in investment property. Williams has led several successful firms involved with commercial development and brokerage, in addition to starting a profitable home building enterprise in Phoenix, Arizona. At CBC, Williams will concentrate on investment sales across all disciplines of commercial real estate, as well as offer his expertise in Development Services.

“We are excited to expand our presence in the Rocky Mountain region with the addition of these two seasoned, commercial real estate agents,” said CBC Chief Operating Officer Randy Owen. “It’s a pleasure to have Phillip and Pete on board in the Salt Lake City office.”