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VOL. 129 | NO. 35 | Thursday, February 20, 2014

Deadline Nears for Pinnacle Awards

By Amos Maki

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The deadline for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony is fast approaching.

The deadline for Commercial Council members to enter the Pinnacle Awards, an event that brings commercial real estate industry professionals together and honors them for their accomplishments in the previous year, is Friday, Feb. 21, at 5 p.m. Winners will be honored at an April 3 ceremony at Memphis Botanic Garden.

A supplement announcing the winners will be given out after the ceremony and be featured in the April 4 issues of The Daily News and The Memphis News. The Daily News Publishing Co. Inc., parent company of The Daily News and The Memphis News, is a Pinnacle Awards sponsor.

Started in 2002, the Pinnacle Awards honor the highest-producing commercial real estate brokers in Memphis for the previous year in a variety of divisions.

“These awards offer recognition not only on the night of the event, but for years to come,” said Katie Shotts, communications and MAAR Commercial Council director.

Applicants must have produced new real estate brokerage business of $2 million or more during 2013. It’s based off of the actual lease value created per broker or the cumulative total of larger sales. For instance, a five-year lease for 10,000 square feet and $20 per foot would yield a lease value of $200,000.

The MAAR Commercial Council will again be celebrating the Pinnacle Producers Club, as well as the Pinnacle Producers Club Life Members – those who have been elected to the Top 25 Pinnacle Awards List for any five years.

The top producers will be recognized as Brokers of the Year for their area of production (retail, office, industrial, land and investment).

Five new categories have been added, including “The Grit Grind Broker of the Year” award, which recognizes the brokers with the most sales and leasing transactions, regardless of size or category type. This year’s event also marks the return of the Top 25 honors, which recognizes the overall top 25 producers.

All commercial brokers who hold Commercial Council membership are encouraged to submit an application by Friday’s deadline. Details on the event, including rules and application form, are available at maar.org/pinnacleawards. An application fee of $40, which is down from $75, must be submitted with each application. This fee covers the cost of the Pinnacle Awards reception ticket.

“We wanted a lower ticket price to encourage more participation – for brokers to bring spouses and guests,” said Tanis Hackmeyer, president of the Commercial Council. “This event is not meant to be a parade of awards show; this is meant to be a party – a celebration of our commercial real estate and all of those who participate.”

Applications, which must be signed by the principal broker, are confidentially submitted to Buddy Dearman of Dixon Hughes PLLC, 999 S. Shady Grove Road, suite 400, Memphis, TN 38120. A signed PDF may also be emailed to Dearman at buddy.dearman@dhgllp.com.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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