Tuesday, December 27, 2011

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

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Founded and headed by Matt Pedal to Properties is a residential real estatwe firm that gives clients the optionm of looking at homes by The company maintains a fleet of 50 Electra Cruiser bikes. Kolb has sold a 50 perceng stake in the companuy for an undisclosed sum to attorneyTim Majors, who specializee in taking regional retail businesses national. As a partner in Pedal to Majors will work out ofthe company’e Boulder office. Majors, who’s originally from Perth, Australia, approached Kolb abouy investing in the real estats firm after looking at Boulder propertiesby bicycle.
“We certainlu plan to incorporate [Tim’s] national and international brandin expertise to expand Pedal to Properties inothedr markets,” Kolb said in a statement. Pedal to Propertieds plans to look at opening brancu officesin other, unspecified U.S. markets. In May, the company launched a licensee designation for brokers interested in usinf theBoulder business’ operational formula in their The Colorado company already is working to expanrd quickly in its hometown by addiny more space and agents in downtown “I believe Pedal to Properties is in a perfect position to meet the evolving social and demographic change s going on in the United States with homebuyers,” Majorx said in a statement.

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