Majestic sees big demand for small product in Aurora
Majestic Realty Co. went small and saw big demand for a series of new buildings in Aurora. “Our general M.O. around the country and here in Aurora is to build the largest spec building that any given market can sustain, and we’re longterm holders as well,” said Majestic Realty Vice President Michael Kapoor. In the company’s 1,500-acre Majestic Commercenter in Aurora, that’s been generally anywhere from 150,000 to 700,000 sf. Michael Kapoor A long, narrow site at the developer’s 1,500-acre Majestic Commercenter wasn’t suitable for a large building, however. “So, we kind of looked around the market in our area and saw there are really no buildings in this size range – 25,000 to 45,000 square feet – for sale,” Kapoor said. While lease rates didn’t support the cost of construction, he explained, there were economies of scale in building multiple for-sale buildings. Majestic laid out plans for four buildings on the site, located on North Lisbon Street. OmniCable, a wire and cable supplier, quickly came along with a 46,612-sf build-to-suit requirement. It closed on the building at 3350 N. Lisbon upon completion late last year for a price of $5.86 million, or $125.80 per sf. Chris Nordling “They have…
Jill Jamieson-NicholsJanuary 23, 2020
Clarion makes $146.3M investment in downtown Boulder
Clarion Partners landed a three-building office portfolio in downtown Boulder for $146.3 million, or $621.72 per square foot. The deal included two of the largest office buildings downtown, 1050 Walnut and Canyon Center, along with 1900 15th St. The portfolio totals 235,316 sf. “Downtown Boulder is such a unique market. For someone to come in…
Jill Jamieson-NicholsJanuary 20, 2020
Vertix Builders breaks ground on Parker medical office building, tops out WY surgery center
Vertix Builders began construction recently on the new Parker MOB III medical office building on the Parker Adventist Medical Campus. As a health care construction specialist, Vertix Builders will be working with a team that includes RTA Architects, Med Development and Parker Adventist.
Kris Oppermann SternJanuary 20, 2020
ABC Rocky Mountain appoints Johnson as president, CEO
The Associated Builders and Contractors Rocky Mountain Chapter board of directors announced the appointment of Joanna Johnson as the organization’s new president and CEO.
Jennifer HayesJanuary 19, 2020
NewMark Merrill Cos. names Staneski VP of leasing and acqusitions
Alex Staneski was named vice president of leasing and acquisitions in NewMark Merrill Cos.’ Longmont office.
Jennifer HayesJanuary 12, 2020
Tributary Lending names Lederhos managing partner
Dave Lederhos was named managing partner of Tributary Lending, the newly launched commercial real estate lending division of Tributary Real Estate.
Jennifer HayesJanuary 6, 2020
Avison Young names Serieno principal
Joe Serieno was named principal at Avison Young.
Jennifer HayesDecember 30, 2019
In Modern Age, Buildings are Collections of Stories
When we study new languages, idiomatic phrases and linguistic similarities can drive us crazy. This study can also bring into perspective the idiosyncrasies of our native tongue and how baffling it can be for the newcomer. Homographs, for example, are words that are spelled the same but have different meanings offering a barrel of confusion…
Building DialogueJanuary 20, 2020
Fostering a healthy animal-people dynamic
Jami MohlenkampPrincipal and senior living practice leader, OZ Architecture The newest accommodations at the Senior Star at Weber Place retirement community near Chicago were built for a couple named Snowflake and Licorice, and come with excellent open-air views of the outdoors, hand-fed meals and plenty of opportunities to socialize. Snowflake and Licorice have made fast…
CREJJanuary 19, 2020
New initiatives launched to complement LEED
In November, U.S. Green Building Council and its partner Informa Connect held the 18th annual Greenbuild International Conference & Expo in Atlanta. Greenbuild is the largest green building conference and expo in the world and brings
CREJJanuary 13, 2020
Mentors and protégés: Are they relics or relevant?
In today’s fast-paced and younger-by-the-day mentality, do we need the skills and efforts of a mentor, or is this just another bothersome task that Alexa can solve for us more quickly and with less effort? Having spent most of my adult life as both a
CREJJanuary 12, 2020
Air-tightness testing requirement comes to Denver
Have you heard the building codes news from the city of Denver? Denver will soon join the city of Fort Collins (which introduced air-tightness testing into its code in 2014) as a Colorado building jurisdiction that requires air-tightness testing
CREJJanuary 6, 2020
Tips to address maintenance staffing challenges
If you are struggling to recruit and retain facilities management positions at your company, you are not alone. Denver’s erupting growth is making property management staffing a challenge, particularly in facilities management. And it’s not
CREJJanuary 5, 2020
Higher premiums in 2020: 4 ways to reduce insurance costs
Many real estate insurance carriers found themselves under water at the end of 2019 – literally. An onslaught of claims from recent hurricane and hail catastrophe disasters as well as other attritional losses from fire and water damage have come
CREJDecember 29, 2019