Saturday, June 2, 2012

Pedal to Properties takes on partner, plans expansion - Memphis Business Journal:

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Founded and headed by Matt Kolb, Pedal to Propertiezs is a residential real estatr firm that gives clients the option of looking at homes by The company maintains a fleet of 50 Electra Cruiser bikes. Kolb has sold a 50 percent stake in the companyt for an undisclosed sum to attorney Tim who specializes in taking regional retaillbusinesses national. As a partner in Pedal to Majors will work out ofthe company’zs Boulder office. Majors, who’s originally from Perth, approached Kolb about investing in the real estatre firm after looking at Boulder propertieby bicycle.
“We certainly plan to incorporatee [Tim’s] national and international branding expertise to expand Pedal to Propertieds inother markets,” Kolb said in a statement. Pedal to Properties plans to look at openinv branch offices in unspecified U.S. markets. In May, the company launchedr a licensee designation for brokers interested in usin theBoulder business’ operationao formula in their markets. The Coloradi company already is working to expand quicklyy in its hometown by adding more space and agents indowntow Boulder.
“I believe Pedal to Properties is in a perfecf position to meet the evolving social and demographic changes going on in the United States with Majors said ina statement.

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