The evolution of co-working in Denver
Co-working is an unavoidable buzzword in Denver. In the few short years dedicated co-working space has had a presence in the city, the definition has evolved from a strictly communal environment to one that often embraces private offices as well as community areas. The long-term effects of what this new office environment means to the…
Kris Oppermann Stern
January 22, 2016Know your building’s risk profile
In light of recent terrorist attacks and active shooter incidents in Paris, California and Colorado Springs, the role property managers play in protecting their tenants as well as their building assets is more important than ever. “Security is really front of mind for all of our property manager customers right now,” said Steve Claton, president…
Kris Oppermann Stern
January 22, 2016Medical supplies company to build 545,000 sf in Aurora
The nation’s largest privately held health care supply company will build a 545,000-square-foot warehouse/distribution center at Majestic Commercenter in Aurora. Medline Industries Inc. bought 35.6 acres of land in the master-planned business park at Interstate 70 and Tower Road and will spend the next 18 months developing the facility. “This is a very exciting project…
Kris Oppermann Stern
January 20, 2016TruAmerica pays $105 million for Veranda Highpointe
The late Steve Jobs, the co-founder and former CEO and chairman of Apple, once said, “A lot of times, people don’t know what they want until you show it to them.” Darren Fisk, CEO and founder of the Denver-based Forum Real Estate Group, has a similar philosophy when it comes to developing apartment communities. That…
Kris Oppermann Stern
January 20, 2016Mission Trace reaches milestone: 100 percent leased
Mission Trace Shopping Center, a 200,000-square-foot shopping center in Thornton, recently hit a milestone. The center is 100 percent occupied for the first time since it was built 30 years ago. “It is unheard of for a 200,000-square-foot property to be 100 percent leased,” said Corey R. Wagner, executive vice president of Aurora-based Western Centers…
Kris Oppermann Stern
January 19, 2016Nienkerk thrives in busy management environment
To many people, managing two Class A office properties with over 550,000 square feet in the Denver Tech Center would be a daunting responsibility. Managing a family of four children, ranging from five-year-old twins to a freshman in college, is another full-time, overwhelming job. On top of that, throw in a revolving door of foster puppies and board member responsibilities for a corporate office association, and you’ve got a day in the life of Michelle Nienkerk.
Kris Oppermann Stern
January 19, 2016Class B asset near Belleview light rail fetches $19.9 million
An opportunistic real estate investment firm paid $19.9 million for a Class B office building in the thick of the action at East Belleview Avenue and Interstate 25. An affiliate of El Segundo, California-based Westport Capital Partners LLC acquired the Paragon Building at 7100 E. Belleview Ave. in Greenwood Village from a limited partnership of…
Kris Oppermann Stern
January 19, 2016Mechanical contractor buys site in Johnstown
A 103,000-square-foot manufacturing building on 13.37 acres in Johnstown changed hands in a $7.7 million transaction that also included 12 acres of adjacent ground. A U.S. Engineering affiliate bought the property at 390 Mountain View Drive to expand the company’s Rocky Mountain operations. A Kansas City, Missouri-based mechanical contractor, U.S. Engineering has offices in Westminster…
Kris Oppermann Stern
January 19, 2016How construction costs could affect your next project
Since the Great Recession ended, construction costs in Colorado have skyrocketed. The way property managers budget tenant improvement projects and building updates must be adjusted to take the rising costs into consideration. “In 2014, the costs of construction caught up with this rapid increase in demand, and we saw costs increase somewhere between 15 and 20
Kris Oppermann Stern
January 15, 2016International capital dominates CoBank deal
CoBank’s new corporate headquarters building at Village Center Station sold to a South Korean institutional investor in a record-setting deal dominated by international capital. CoBank Center, a 274,287-square-foot building at 6340 S. Fiddlers Green Circle in Greenwood Village, traded for $113.46 million, or $413.67 per sf, according to public records. That is believed to be…
Kris Oppermann Stern
January 15, 2016