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.

CREJ

April 26, 2016
A Line info graphic

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…

CREJ

April 21, 2016
Mile High Greyhound Park

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…

CREJ

April 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.

CREJ

April 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.

CREJ

April 18, 2016

April monthly economic indicators

The Metro Denver Economic Development Corp. recently released its April Monthly Economic Indicators report.

CREJ

April 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…

CREJ

April 8, 2016
Self-storage Vacancy Trends

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…

CREJ

April 5, 2016
Mtn. West hotel supply & demand

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…

CREJ

April 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.

CREJ

April 3, 2016

Edited by the Colorado Real Estate Journal staff.