MOB market healthy
The Denver area medical office building market, by almost every metric, is not only healthy, but also in tip-top shape. Last year, $105.2 million in medical office buildings, or MOBs, traded hands, a 20.9 percent jump from 2015, according to a CBRE analysis of the MOB market. Catholic Health Initiatives sold the Lansing Point building in the…
Kris Oppermann Stern
March 28, 2017
Mill Creek bullish on Denver
Mill Creek Residential, a privately held apartment developer, has been planting its flag in some of Denver’s trendiest neighborhoods. Together, the privately held, Dallas-based company has more than 1,300 units owned, under construction or on the drawing board in Denver neighborhoods My back-of-the-envelope estimate is that the total sales value of the communities would top…
Kris Oppermann Stern
March 23, 2017
Silverthorne making history with downtown plans
Teams from Milender White and the St. Charles Town Co. recently made the 67-mile trip to Silverthorne to make pitches on redeveloping the heart of the downtown of the Summit County community. Milender White and the St. Charles Town Co. were the two group that responded to a request for proposals to redevelop about 3.25 acres…
Kris Oppermann Stern
March 21, 2017
Millenials making it in Mile High
Millennials. Every city wants them. Denver is actually getting them. A fair share of the 10,000 or so people moving to the Mile High City every month are in the coveted demographic group. Many of these millennials are renters, good news for the Denver area multifamily market. “Millennials are the biggest generation ever” and also…
Kris Oppermann Stern
March 20, 2017
Swisslog Healthcare to relocate to Broomfield
Swisslog Healthcare Solutions is preparing to move its North American headquarters from Denver to Broomfield. The company reportedly is working with United Properties to develop an approximately 56,000-square-foot building at Interpark, located at West 112th Avenue and Main Street. It hopes to double in size over the next five years. Part of global robotics company…
Kris Oppermann Stern
March 17, 2017
Inverness pioneer John O’Meara recalled
“There will never be a better day.” Friends of the late John O’Meara merely had to repeat that quote, “There will never be a better day,” and everyone knew exactly what they were talking about. Those seven words captured the spirit and drive of O'Meara. O’Meara, also known as “Mr. Inverness,” a pioneer of the…
Kris Oppermann Stern
March 14, 2017
Airways buildings trade for $36.43 million
A Denver-based real estate investment trust landed 423,412 square feet of Class A industrial product in a $36.43 million transaction. Industrial Property Trust acquired Buildings 1 and 3 at Airways Business Center, a multiple building industrial park at Airport Boulevard and East Smith Road in Aurora. Built in 2003 and 2004, the high image buildings…
Kris Oppermann Stern
March 13, 2017
Tenant makes move to 17,044 square feet in Longmont
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Kris Oppermann Stern
March 13, 2017
Cascades marks $63 million entrance into Denver market
A suburban Class A office building that has seen a surge of leasing activity has been acquired for $63 million, an impressive increase over the price it achieved last year. America’s Capital Partners bought the Cascades, a 348,760-square-foot building at 6300 S. Syracuse Way in Centennial, from Alliance Bernstein for $180.64 per sf. The asset…
Kris Oppermann Stern
March 13, 2017
Bow River sells asset for $16M after short hold period
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Kris Oppermann Stern
March 13, 2017
