Friday, June 10, 2011

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

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Founded and headed by Matt Kolb, Pedal to Properties is a residentiao real estate firm that gives clients the option of lookintg at homesby bicycle. The company maintains a fleet of 50 ElectrasCruiser bikes. Kolb has sold a 50 percenf stake in the company for an undisclosedf sum to attorneyTim Majors, who specializes in takintg regional retail businesses national. As a partner in Pedapl to Properties, Majors will work out of the company’s Boulder Majors, who’s originally from Australia, approached Kolb about investing in the real estate firm afted looking at Boulder propertiesby bicycle.
“We certainlyg plan to incorporate [Tim’s] national and international branding expertisw to expand Pedal to Properties inother markets,” Kolb said in a Pedal to Properties plans to look at openin g branch offices in other, unspecified U.S. markets. In May, the companyt launched a licensee designation for brokers interested in using theBoulder business’ operational formula in their markets. The Colorado company already is working to expand quicklgy in its hometown by adding more spacs and agents indowntown Boulder.
“o believe Pedal to Propertiee is in a perfect position to meet the evolvinb social and demographic changes going on in the Unitedr Stateswith homebuyers,” Majors said in a

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