John Rebchook has been taking the pulse of the Denver-area and Colorado commercial real estate world for almost 35 years. He joined the editorial staff of CREJ in 2011. Prior to that, he was the Real Estate Editor of the Rocky Mountain News from 1983 until it closed in 2009.

Essex refinances Etkin loan

Etkin Johnson

In the fall of 2000, about 300 Denver area commercial real estate brokers gathered in a field before boarding a five-seat helicopter to provide them with an aerial view of what today is the 293,394-square-foot Lafayette Corporate Campus. “Once you’re up in the air, it’s a no-brainer,” the appeal of the industrial and flex-space campus,…

John Rebchook

May 15, 2016

ARA team sells Rolling Hills

Rolling Hills

Investors Management Group recently paid $23.8 million for the 186-unit Rolling Hills, the first institutional-quality apartment community to be built in Castle Rock. The community, at 1129 S. Eaton Court, was built in 1987. “There are only four apartment developments in Castle Rock with over 100 units,” said Shane Ozment, who was part of the…

John Rebchook

May 13, 2016

Mezzo milestone sale

Mezzo

The 15-story Mezzo was billed as the first high-rise apartment tower in Denver when it opened in 1953. At the time, it was not the Mezzo (pronounced “metzo”). It was widely known as the Sherman Tower until a previous owner changed it to Mezzo almost a decade ago. Today, it still is the one the…

John Rebchook

May 3, 2016

Brown buys Lakewood retail center

When commercial real estate investors buy a prime property, they often describe it as being at Main and Main. Sam Brown, a 45-year veteran of real estate investing in the Denver area and Colorado, had a bit different way to describe his recent $13 million purchase of the Creekside on Colfax retail center in Lakewood.…

John Rebchook

May 3, 2016

Broker: Apartment vacancy rate could hit 10%

Apartments

Apartment broker Greg Johnson did the math and has come to the conclusion there is a good chance that the Denver-area apartment market vacancy rate could hit 10 percent this year. That would be a 47 percent increase from the 6.8 percent vacancy rate at the end of the fourth quarter, according to the Apartment…

John Rebchook

April 19, 2016

Clayton Lane lands 1st class developer

San Diego-based OliverMcMillan made a big splash when it recently paid almost $170 million for Clayton Lane, the western gateway to Cherry Creek.

John Rebchook

April 19, 2016

HFF puts on the Ritz with loan

Ritz Carlton

Eric Tupler was putting on the Ritz. Putting a loan on the Ritz-Carlton Denver, that is. Tupler, a senior managing director in HFF’s Denver office, was part of the Holliday Fenoglio Fowler L.P. team that earlier this month arranged a $55.1 million in refinancing for the 202-room Ritz Carlton on a half-acre site at 1881…

John Rebchook

April 19, 2016

Arsenault: another recession could hit in 2019

Arsenault

Marcel Arsenault, like the investors in the popular “Big Short” movie based on the book of the same name by Michael Lewis, correctly predicted the housing collapse and Great Recession, and profited handsomely from betting against the housing industry. Arsenault, chairman and CEO of Louisville-based Real Capital Solutions, today is investing hundreds of millions of…

John Rebchook

April 8, 2016

Bowles Crossing in Vestar’s wheelhouse

Bowles Crossing

Long before Vestar recently paid $76.15 million for Bowles Crossing, it had its eye on the open-air retail center in Littleton. “We had our eyes on that center for a couple of years,” said David Malin, a vice president of acquisitions and developments for Phoenix-based Vestar. Why? “No. 1, we are very bullish on the…

John Rebchook

April 5, 2016

ARA handles $75 million in sales

ARA Newmark

Jackson Square Properties, a privately held investment company based in San Francisco-based, recently sold one multifamily community in the Denver area and bought another. “They sold a value-add property and traded up to a newer one,” said Terrance Hunt, who was part of the ARA Newmark team that handled both transactions. Jackson Square owns almost…

John Rebchook

April 5, 2016