New FHA guidelines encourage affordable housing development
Population growth has helped spur construction of new high-end multifamily properties but the state is struggling with a shortage of affordable and workforce housing.
CREJApril 26, 2016
RTD A Line: Corridor of Opportunity
The Regional Transportation District's A Line just opened, creating a "Corridor of Opportunity" for catalytic residential and commercial real estate development. See CBRE Research's 'infographic" showing what's happening along the corridor, where the built environment will continue to transform. According to CBRE: • RTD expects average ridership of 24,000 people on weekdays. There will be 4,329 parking…
CREJApril 21, 2016
Commerce City OK’s development agreement for Mile High Greyhound Park
Commerce City’s Urban Renewal Authority and City Council concluded 20 months of negotiations Monday night, approving a master development agreement with REGen LLC for the former Mile High Greyhound Park site. The agreement marks a new milestone for the redevelopment project, which will begin the zoning and land-use process, and urban renewal planning consistent with new…
CREJApril 19, 2016
Creating value for multiple stakeholders
Tourism is one of the strongest economic drivers for the state of Colorado and thrives as a multibillion-dollar industry that supports some 150,000 jobs and contributes close to a billion dollars in local and state tax revenues.
CREJApril 18, 2016
A basic guide on what it takes to accomplish a zoning change
An owner (or buyer) of real estate may wish to change a property’s zoning in cases where the zoning disallows the intended or desired use of the property.
CREJApril 18, 2016
April monthly economic indicators
The Metro Denver Economic Development Corp. recently released its April Monthly Economic Indicators report.
CREJApril 13, 2016
Office rents up, absorption down, according to JLL summary
While Denver’s economy – and rental rates for office space – remain strong, the office market saw negative absorption in the first quarter of the year, largely due to sublease space becoming vacant, according to JLL’s Office Insight summary. The average direct asking rate for office space in the Denver metro continued to climb in…
CREJApril 8, 2016
Self-storage vacancies drop, rents climb
Vacancies in self-storage properties in the Denver metro area and nationally will continue to decrease and rents will climb, according to Marcus & Millichap’s recently released 2016 Self-Storage Investment Forecast. The report says after three years of near-level vacancy in the Denver market, a drop of 110 basis points to 9.2 percent is expected by…
CREJApril 5, 2016
Marcus & Millichap launches hospitality investment outlook
Marcus & Millichap has launched an annual hospitality investment forecast for 16 regions nationwide, including the Mountain West. Highlights of the inaugural report are: Moderate but steady wage growth is converging with lower gas prices to support leisure trips that require a hotel stay in 2016. Growth in key hospitality performance indicators will likely moderate…
CREJApril 4, 2016
The office ‘fun’ factor: Why does it matter?
I recently moderated a panel at the Colorado Real Estate Journal’s 13th Annual Property Management Symposium. The panel, comprising Doug Wulf of Cushman & Wakefield, Jamie Gard of NGKF and Alec Wynne of Avison Young, was focused on the competitive nature of office spaces in the current market.
CREJApril 3, 2016