Realtec changes guard in Greeley

GREELEY – Realtec Commercial Real Estate Services Inc. is beefing up its Greeley operations in an effort to capitalize on a healthy commercial real estate market.

Joe Palieri, employing broker of Realtec Loveland, will also oversee the Greeley office, where he is joined by Mark Bradley and Bernie Blach, both newcomers to the company. The trio will handle commercial real estate sales throughout Weld County.

“We believe that Weld County is a strong market with a need for good commercial brokers,´ said Steve Stansfield, president of Realtec. “There’s plenty of opportunity there, and we don’t want to miss out on what’s happening. We’ve been wanting to recruit some qualified and competent people with the sales skills to be successful, and we’ve found those people in Bernie and Mark.”

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Blach is a certified commercial investment member with more than 20 years of real estate experience in northeast Colorado, much of it in farm and ranch sales. Bradley brings more than 20 years of professional sales and business management experience to the company.

Palieri comes to the Greeley office after four years in Realtec’s Loveland office.

“Joe’s had great success in Loveland,” Stansfield said. “That office had something like 240 percent growth under his leadership. He’s really proven that he can take sales people and get them focused on an objective.”

Realtec’s Greeley office is located at 801 Eighth St.. The company has had a Greeley office since 1994. Broker Michael Ehler opened the office that year, and Jack Mackey joined him in September 1995.

Ehler and Mackey left Realtec in 1996 to join The Group Inc. Blaine Herdman, the remaining broker in the Greeley office, recently left the company to pursue other interests, and with this changing of the guard, Realtec hopes to improve the synergistic partnership among all its offices and better serve the areas’ investors.

“These changes are designed to increase our ability to provide better service and market information for our clients,” Palieri said.

Realtec has undertaken a comprehensive market survey of the Greeley market in an effort to track office-lease rates, commercial vacancy rates, property values and cap rates, Bradley explained.

“The outlook in Weld County is good,´ said Bradley, who has worked for such organizations as the American Management Association, National Technological University and The Northern Colorado Business Report. “As Larimer County puts more restrictions on growth, a lot of companies and investors will look to Weld County as a good place to do business.”

Bruce Willard, broker/manager with Austin & Austin Real Estate in Greeley, agrees that Greeley is a good place to do business – if you’re a good agent.

“We’ve been around since 1903 and seen a lot of offices come and go,” Willard said. “The offices themselves have no impact on the market and the volume of transactions. It’s the agents and how effective they are.”

Willard said that the Greeley commercial market isn’t as dynamic as the Fort Collins market, but with the residential growth occurring in and around the city comes increased commercial demand.

“I don’t expect the market to change dramatically,” he said. “But that’s not all bad. It avoids some of the big swings that come in a boom-and-bust situation.”

Willard, who handles both commercial and residential transactions, as well appraisals, said that Realtec’s move to increase its presence in Weld County doesn’t come as bad news to him.

“Competition makes everything better,” he said. The only ones worried about competition are those who can’t compete. Realtec has some sharp guys and anyone who comes in and does a good job is good for the community.”