A Westminster event center is under new ownership following the previous tenant’s bankruptcy. Explorer Bradburn Property LLC purchased the 12,824-square-foot, Class A retail property, purpose-built as an event center, at 11885 Bradburn Blvd. from a 14-person tenancy-in-common group. The property traded for $3.05 million. Randy Roberts of Tributary Real Estate represented the buyer, while John […]

Three tenants newly secured at McWhinney’s Centerra Industrial campus will occupy their spaces in the coming months. Tenants Geary Pacific Supply, NORCO Volleyball Club and a major home improvement retailer, which representatives declined to name, will soon occupy spaces in buildings V and VI of Centerra Industrial. The six-building industrial campus is located at McWhinney’s…

IRET purchased the Parkhouse Apartment Homes in Thornton for a reported $144.75 million. The real estate company focused on the ownership, management, acquisition, redevelopment and development of apartment communities purchased the 465-unit community from Starlight Investments Ltd., according to public records. “We are excited to continue our growth in Denver and advance improvements in the…

At the beginning of the pandemic, there was widespread speculation around how this public health crisis would affect different commercial real estate sectors. Now several months in, it has become unmistakably

Prior to the pandemic, retail as an asset class was in the midst of significant change and a sustained period of transformation. Shopping centers were becoming gathering places for neighborhoods and featured tenant

While retailers have been impacted by the COVID-19 pandemic, year-over-year U.S. retail sales are up 0.6% (August 2019 to August 2020) including e-commerce. When excluding e-commerce, U.S. retail sales were down, but only by

COVID-19 has universally impacted all industries, and retail commercial space is no exception. Often when a disaster hits the global economy, commercial real estate feels the effects later than other industries; however, due to both the

Nationwide, apartment construction is experiencing a considerable slowdown this year with 293,000 new apartments projected to hit the market – a 12% drop compared to last year’s deliveries. The decline is primarily due to fewer

There has never been a better time to be a commercial real estate borrower. The cliché has been repeated on a loop for the last several years, but it still is truer than ever today. The Fed has signaled it is going to hold short-term