|By Marketwired .||
|March 4, 2014 11:34 AM EST||
SALT LAKE CITY, UT -- (Marketwired) -- 03/04/14 -- Kip Paul, Executive Director of Investment Sales for Cushman & Wakefield | Commerce has been named as the Top Commercial Real Estate Agent of the Year and the Top Investment Broker of the Year by the Utah Chapter of the CCIM Institute. CCIM Utah is a professional organization for commercial real estate practitioners. This is the third year in a row that Paul has been named as the Top Investment Broker of the Year.
Paul also received a third award as having completed the largest sale transaction in the State of Utah. This was for a four-office building project at the Gateway Center totaling 450,000 square feet.
"We congratulate Kip Paul for an outstanding year," said John Smith, Sponsorship Chair of the Utah CCIM Business of Excellence Awards (BEA) committee, "Kip has a stellar track record and has been at the heart of some of the state's largest commercial real estate deals over the past few years. He is a knowledgeable leader and his ability to drive success in this market is second to none. We are proud to name Kip Paul as the Top Commercial Real Estate Agent of the Year and Top Utah Investment Broker of the Year, once again."
The past year was extremely robust for investment in the State of Utah and Paul says that 2014 is shaping up to be as strong or stronger.
"I think 2014 will even eclipse 2013; It may even break a record for investment property sales," Paul said. "The only element constraining the market is product availability. Utah is now on the list of many national investment buyers. For instance, last year, two-thirds of the largest transactions were purchased by out of state investors. Half of those were repeat buyers and the other half were new entrants into the market. This shows that people who have purchased before are seeing good returns and want to continue with additional investments. Furthermore, it demonstrates that the word is getting out on a national scale that Utah is a great market, which is increasing demand."
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, an independently owned and operated member of the Cushman & Wakefield Alliance, has been the leading provider of real estate brokerage services for more than 30 years. Headquartered in Salt Lake City, the firm has offices throughout Utah, Nevada, Idaho and Washington. It offers consulting, brokerage, tenant and landlord representation, property and facilities management, and valuation services to corporations, institutions and investors throughout the Intermountain West and Pacific Northwest. For more information, and for property listings, broker information, market category reports and more visit www.comre.com.
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917 it has 243 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management through its wholly-owned subsidiary Cushman & Wakefield Investors. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.
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