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Merged and Growing Denver Team Thrives on Skills and Service

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Merged and Growing Denver Team Thrives on Skills and Service


Above, Rike Palese, far left, and Erica Chouinard, back row standing, third from right, with their team, The Real Estate Experts of Denver.

Rike (pronounced Rick) Palese spent many a youthful weekend touring model homes in his hometown of Denver, Colorado. Fascinated by design, he skirted real estate and studied architecture, largely on the advice of his parents. He worked as an architect for eight years before his passion for real estate won out. That led him to RE/MAX Professionals more than 30 years ago, where his business partnership with Jonathan Kieler quickly reached top-producer status.

The road was equally winding for Erica Chouinard, who rode along with her real estate agent mother in Oregon well into her teens, the heavy MLS book resting on her lap. But as a young woman, she married a professional baseball player, moving several times across the country before putting down roots in Denver. In 2001, she gave up her stay-at-home-mom status to start a flourishing real estate career with RE/MAX.

When mutual admiration brought them together in 2018, they merged their thriving RE/MAX teams, each bringing four agents into Rikejon.com, newly designated The Real Estate Experts of Denver.

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Based in Englewood and co-led by Palese and Chouinard, with Kieler focused on a sales role, the team has grown to 20 agents who last year closed 279 transactions for a total of $180 million in revenue serving clients in the greater Denver area.

Barbara Pronin:  Rike, what do you and Erica look for in a new agent?

Rike Palese: A high level of integrity, primarily – and people who are tenacious and hungry, and are a good fit with our team culture. We are actively creating a family environment here, with a high level of camaraderie and a deep commitment to sharing our time and abilities.

Erica Chouinard: As leaders, Rike and I are passionate about our roles. We work closely with all our agents, whether they are new or experienced, to be certain they are growing their business by being good listeners, great negotiators, and giving every client the highest level of service at every stage of every transaction.

BP: With such a large team, how are you organized so that everyone is up to date on business?

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EC: It’s important to us that everyone is on the same page so that we are ready to cover for one another whenever needed. The entire team meets monthly for the big picture, while our second-tier managers are responsible for individual accountability and lead flow.

RP: As leaders, our goal is to keep the team inspired and motivated – to ensure they are the best they can be in every phase of the business. We want them to set goals and exceed them, to build customer relationships that last a lifetime – and our agents know our doors are always open when there are problems to be solved or issues that need to be discussed.

EC: That’s actually my favorite part of leadership – ensuring that each member of the team is coming from a place of positivity, energy, and servitude. That means tailoring meetings outside of regular sales meetings, so that every agent feels valued and secure even when discussing tangible issues.

BP: How do you keep your team positive and energized through slumps or market changes?

EC: Real estate can be a lonely industry. The first thing we want our agents to recognize is that they are never alone, and they can’t fail, because 19 people have their back. My goal was never to create a mega-team, but to share the ethics and the business knowledge that are so important to me – to do the right thing even when no one is looking…to help each client meet their goals.

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RP: In some ways, being a real estate agent means waking up unemployed every morning. You need to do something – or a series of somethingsto keep your business afloat. Our job as leaders is to help guide them. We are all life-long learners.

BP: How do you stay connected to your clients in such a relatively wide areaand how do you give back to the community?

RP: We do a client thank-you event at the end of each quarter. We also host a fall festival every Halloween featuring pancakes, pumpkins, monsters, and mini-golfand a family-oriented holiday brunch each year that draws more than 400 people. And RE/MAX agents raise over $100,000 a year for families who have children with life-threatening illness.

BP: What’s your best advice, not just to team leaders, but to agents just getting a foot-hold on this business?

RP: My personal slogan is, “Live the life you love.” Be passionate about your job and be your best self every day. Work as hard you can to help every client meet their real estate goals. But work just as hard to find a work-life balance. That’s what keeps your battery charged.

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The Real Estate Experts of Denver Team Listing

1218 S Sherman Street, Denver, CO 80210

“This contemporary townhome offers the perfect blend of modern design and luxurious finishes creating a comfortable and stylish living experience.” Click here for the full listing information

Building Area Total (SqFt Total): 3,219

$1,595,000

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Family: Injured firefighter improving after deadly wrong‑way crash on I‑25 in Denver

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Family: Injured firefighter improving after deadly wrong‑way crash on I‑25 in Denver


DENVER — A lieutenant with Berthoud Fire who was injured after he was struck head-on by a wrong-way driver in Denver last month is making progress, according to a Tuesday update.

The wrong-way driver, identified as 25-year-old Kevem Dos Santos, was killed in the May 17 crash inside the barrier-separated HOV lanes on Interstate 25.

Ken Bradley, the Berthoud Fire lieutenant, was traveling to work when the crash occurred. He was transported to the hospital with serious injuries.

The crash left Bradley with multiple fractures in both legs, fractures to his left arm, a dislocated right shoulder, several broken ribs, and a collapsed lung.

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Bradley’s family said he is now able to get in and out of his wheelchair on his own. But he faces additional surgeries this week to reconstruct his ankles and feet.

His family thanked the more than 800 donors who have contributed $85,000 to his GoFundMe and said he remains in good spirits.

Police have not said how Dos Santos managed to access the gate-controlled HOV lanes, leaving many questions unanswered.

Coloradans making a difference | Denver7 featured videos

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Denver7 is committed to making a difference in our community by standing up for what’s right, listening, lending a helping hand and following through on promises. See that work in action, in the videos above.





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Denver City Council approves $15.5 million tax break for Rossonian Hotel development

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Denver City Council approves .5 million tax break for Rossonian Hotel development


Denver will reimburse developers working on reviving the Rossonian Hotel up to $15.5 million in sales and property taxes after the council approved the urban development proposal during its meeting Monday.

The decision comes after Denver Urban Renewal Authority found that the site was “blighted,” meaning there are unsafe living or working conditions and environmental contamination.

DURA recommended the city allow “tax increment financing,” or TIF, to remediate those problems and get the project off the ground.

“This tax increment financing is one of the final pieces that makes the Rossonian possible. Without it, this project does not happen,” said Paul Books, one of the owners of the building. “But with it, we are working through the last remaining steps to break ground this summer.”

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The project, in the Five Points neighborhood, is part of the Welton Corridor Urban Redevelopment Plan. The six-parcel property is in the namesake intersection of Welton, 27th and Washington streets.

The building, once called the Baxter Hotel, was a popular event space for jazz performances between the 1930s and 1950s. Performers such as Duke Ellington, Ella Fitzgerald and Billie Holiday took the stage there. It is on the National Register of Historic Buildings. The building has been vacant since the 1990s.

Palisade Partners, who purchased the property in 2017, plan to build 126 hotel rooms, a restaurant and an event space. They will also construct a new 8-story building between the Rossonian and the Hooper building as part of the redevelopment.

“We’ve concluded that the project does require assistance in order for it to be delivered as it has been contemplated,” said Bill Pruter, executive director of DURA.

Tax-increment financing, which is essentially a tax break or subsidy, allows developers to freeze how much is paid in property or sales taxes at a base level for up to 25 years, and then reinvest what would be paid above that back into certain elements of their projects.

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For this project, the developers will be able to reinvest up to $15.5 million — which would otherwise go to the city’s bank account — into their project.

The city will reimburse the tax dollars for specific project costs mostly related to rehabilitation of the building. That includes up to $6.7 million on the plumbing and HVAC work in the new building and up to $2.3 million on the visible structure of the Rossonian Hotel.



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Broncos’ Salary Cap Picture Just Got a Lot Better

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Broncos’ Salary Cap Picture Just Got a Lot Better


A roster move the Denver Broncos made back in March to clear cap space has come to fruition, as linebacker Dre Greenlaw’s post-June 1 designation release has taken effect.

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As it turns out, the Broncos did gain more cap space with the move. While it appeared that the Greenlaw release had already been accounted for on sites such as Over The Cap, it actually had not.

Broncos’ Cap Space Grows

Instead, it turns out the $18.8 million in cap space the Broncos had prior to June 1 did not account for Greenlaw’s release. The Broncos now have more cap space than before, with $25.7 million available with his release in effect.

This means the Broncos have less need to cut players simply to create cap space. They can afford to keep the players they have on the roster until training camp starts, then make roster decisions based on what happens in the preseason.

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The additional cap space will also help with accommodating any extensions the Broncos decide to give to players with expiring contracts. Players such as wide receiver/returner Marvin Mims Jr. and cornerbacks Ja’Quan McMillan and Riley Moss are among the younger players who might be in line for extensions, depending on how the Broncos value them and what they are seeking in a new deal.

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Not to mention veterans, like backup quarterback Jarrett Stidham and left guard Ben Powers, both of whom are entering a contract year.

Potential for More Cap Carryover

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Denver Broncos GM George Paton and head coach Sean Payton. | Gabriel Christus/Denver Broncos

The cap space also helps with the potential for more salary-cap carryover heading into 2027. Right now, the Broncos are projected to have just $2 million in cap space, but that does not account for carryover.

If the Broncos are wise with how they manage the cap in the coming months, they could carry over a significant amount of cap space into 2027. That alone will help alleviate the team’s cap situation next year.

Some might wonder whether the Broncos try to make another big move before training camp, but doing so would mean giving up cap space or draft capital that could be useful when it comes to improving the roster in 2027. We can’t rule out a trade, of course, but the added cap space doesn’t guarantee a trade is coming.

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But the good news is the Broncos will be in a better cap position than before. We’ll see what moves come next and how that impacts cap space.

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