Colorado State Land Board RFP November 2020 728 x 90

Headline News

Westminster event center sells for $3M

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 […]

Jenna Walters

November 23, 2020

McWhinney secures multiple tenants to Centerra Industrial

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…

Jenna Walters

November 23, 2020

IRET pays $144.75 million for Parkhouse Apartment property

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…

Jennifer Hayes

November 23, 2020

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Building Dialogue

5 Reasons the Denver Metro Area Will be a Post-Pandemic ‘Winner’

For months, our communities, our nation and the world have hit an unprecedented pause. The full economic impact has yet to be felt and for some sectors – retail and hospitality in particular – the COVID-19 shutdown has already been highly damaging. Many businesses are left wondering: Will this get worse before it gets better?…

Building Dialogue

November 22, 2020

CREJ Quarterlies

Five Points embraces community-driven concepts

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

CREJ

November 23, 2020

Landlords, tenants adapt as we await a vaccine

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

CREJ

November 20, 2020

What does the future hold for retail?

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

CREJ

November 16, 2020

Retrofitting retail users in a post-COVID-19 world

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

CREJ

November 16, 2020

U.S. construction is down, Denver decreases 51%

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

CREJ

November 9, 2020

The menu of lenders & loan programs is bigger than ever

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

CREJ

November 6, 2020