Headline News

Value-add office portfolio fetches $49 million

A San Francisco buyer collected six office buildings from Louisville to Englewood in a $49 million value-add portfolio deal. While the name of the buyer wasn’t released, records show entities affiliated with global institutional asset management company Farallon Capital Management LLC bought the portfolio, which comprises 418,495 square feet. One of the buildings, 105 Technology Drive in Broomfield, is 100% leased, but overall occupancy was far less, presenting an opportunity to add value through lease-up. “Across the board, the portfolio was hovering around 60% occupancy – some buildings were more leased than others. Generally, the play here was the opportunity to lease it up to stabilization,” commented Jenny Knowlton, vice president of CBRE’s Capital Markets Institutional Properties team in Denver. SteelWave and Colony Capital sold the portfolio at a price of $117.09 per sf. The assets are: 400 Inverness Parkway in Englewood, a 112,244-sf, four-story building built in 1997 that was 84% occupied at the time of the sale; Highland Park at 9359 E. Nichols Ave. in Englewood, a single-story, 72,121-sf building also built in 1997, and vacant at the time of the sale; 5350 S. Roslyn St. in Greenwood Village, four stories, 63,828 sf, built in 1982 and 70%…

Jill Jamieson-Nichols

July 19, 2019

Partnership pays $41.15M for Springs apts.

Jennifer Hayes

July 19, 2019

Renaissance Downtown Lofts wins ULI, Gold Nugget nods

The Urban Land Institute selected Denver’s Renaissance Downtown Lofts as one of 19 finalists in its Global Awards of Excellence.  Envisioned and designed by Christopher Carvell Architects PC for the Colorado Coalition for the Homeless, ULI chose the project as “an extraordinary development that’s making a lasting difference.” 

Kris Oppermann Stern

July 19, 2019

Who’s News

    Zoellner to chair Colorado District Council of Urban Land Institute

    Mike Zoellner of ZF Capital will become chair of the Colorado District Council of the Urban Land Institute. He succeeds Tracy Huggins, executive director of the Denver Urban Renewal Authority, who served in that role since July 1, 2017.    Before forming ZFC in 2017, Zoellner was a founding partner of RedPeak Properties (16 years) […]

    Jennifer Hayes

    July 14, 2019

    Mueller wins medal from ARES

    Dr. Glenn Mueller won the David Ricardo Medal at the 35th annual meeting of the American Real Estate Society in honor of his major research contributions in real estate market cycles and real estate investment trusts. The Ricardo medal is ARES’ highest recognition of scholarly work in the real estate discipline.  His seminal 1995 article […]

    Jennifer Hayes

    July 6, 2019

    Holcomb joins Stream Realty Partners

    Blake Holcomb joined Stream Realty Partners as managing director of its Denver office. In this new capacity, Holcomb’s primary focus will consist of leasing office properties for both institutional and local property owners. He also will provide other service offerings to his clientele, including tenant representation, site selection analysis, investment sales, strategic planning and ancillary […]

    Jennifer Hayes

    June 30, 2019

    Bakke joins Cresa as project manager

    Rebecca Bakke joined the Denver office of Cresa as a project manager. Bakke has six years of project and construction management experience with JLL, Rand Construction and Robinson Development Group, where she managed land development projects as well as tenant build-outs for an office portfolio. She has a bachelor’s degree from Denison University and a […]

    Jennifer Hayes

    June 22, 2019

    Revious joins Pinnacle Real Estate Advisors

    Darrin Revious joined Pinnacle Real Estate Advisors as a senior adviser. He has more than 30 years of experience in the commercial real estate industry. Starting in 1988, Revious worked as a vice president at Grubb and Ellis. In 2001, he was recruited as managing director at Frederick Ross Co., where he was awarded Realtor […]

    Jennifer Hayes

    June 15, 2019

Subscriber Content


Building Dialogue

The Future of Cities: Embracing Inclusiveness, Diversity

Cities are deceptive places. Walk down a sidewalk in a city such as Denver and it feels a lot like a geological formation – a canyon or a steep ravine. And like geological formations, cities change. The photographer John Fielder’s wonderful book “Colorado” demonstrates this vividly. 

Building Dialogue

July 19, 2019

CREJ Quarterlies

The Future of Cities: Embracing Inclusiveness, Diversity

Cities are deceptive places. Walk down a sidewalk in a city such as Denver and it feels a lot like a geological formation – a canyon or a steep ravine. And like geological formations, cities change. The photographer John Fielder’s wonderful book “Colorado” demonstrates this vividly. 

Building Dialogue

July 19, 2019

The morphing tenancy of health care real estate

Health care mergers and acquisitions are well beyond a common discussion. While the long-term economic and patient-care impact is unveiling at a slow, complicated trickle, the influence on real estate owners is nothing short of immediate and profound.

CREJ

July 14, 2019

Senior construction shows signs of a slowdown

In 2018 there were 754,000 residents aged 65 and older in Colorado, who comprised 13.4% of the total population. This is below the national average of 15.3%. The baby boomer generation includes all people born between 1946 and 1964. Boomers are now between 55 and 73 years of age. A decade from now, when all the boomers will be 65 and older, they will comprise over 18% of the total population.

CREJ

July 14, 2019

It’s Time for a New Workplace Narrative: Moving Past Open Versus Closed Spaces

Today’s organizations are challenged with creating work environments for employees that stretch over five generations, that attract and retain the best talent and, above all, provide a great experience at work. The debate around workplace environments continues to generate significant attention.

Building Dialogue

July 14, 2019

The Evolution of Denver Plazas, Private to Public

In the early 1980s, a development trend made popular in Chicago and New York, known commonly as the “plaza bonus,” made its way to Denver. This tower-in-a-park philosophy was created in larger cities to encourage developers to provide useable public space at the street level by providing incentives allowing buildings to exceed heights and square footage limits, typically governed by zoning.

Building Dialogue

July 7, 2019

Technology solutions to aid process documentation

At its core, property management is all about communication, and there is plenty of room for improvement.

CREJ

July 5, 2019