Store closures spell opportunities in tight market
Despite national headlines of store closure and, locally, the bankruptcy of Sports Authority, the Denver retail real estate market has been largely unaffected.
Michelle AskelandAugust 1, 2016
Purviance-Anderson shares management’s evolution
Judy Purviance-Anderson has many titles – Building Owners and Managers Association International Fellow, local BOMA past-president, licensed broker, general manager
Michelle AskelandJuly 4, 2016
Shrinking units become a growing trend
Apartments are getting smaller and the mix of units is getting less diverse as the multifamily market tries to balance demand from population growth with relatively stagnant income growth.
Michelle AskelandMay 15, 2016
Beverage production makes its mark on retail
As the alcohol-beverage production industry becomes a larger economic contributor to the state, its commercial real estate footprint increases exponentially. And as this industry evolves to embrace a robust front-of-house as well as production, the retail component becomes more important.
Michelle AskelandMay 2, 2016
How to make your spec suite investment successful
Spec suites – spaces that are built out by a building owner for the purpose of marketing a vacant suite or floor – are growing in popularity and in size, with new projects devoting entire floors and buildings to spec space.
Michelle AskelandApril 4, 2016
Light rail’s impact on office is undeniable
In the past five years, prices for the land surrounding light-rail stations have doubled and, in some areas, tripled on a cost per-square-foot basis. One example is the Village Center Station near the Arapahoe light-rail station. About four years ago, the land was valued around $21 a square foot, and now it’s $60 a sf, said Tim Harrington, executive managing director of Newmark Grubb Knight Frank. At the other end of the line, property downtown within proximity of light rail has skyrocketed. It now ranges from $300 to $600 a sf.
Michelle AskelandMarch 14, 2016
The resurgence of urban food markets
Urban food markets are having a moment. Following the August 2013 opening of The Source in River North, this year will see the opening of two new urban food markets – The Central Market at 2669 Larimer St., and Stanley Marketplace at 2501 Dallas St., in Aurora. Additionally, The Source’s marketplace is adding 20,000 square feet of space along with a 7,000-sf roof-deck beer garden and pool, as well as a 100-key connected hotel.
Michelle AskelandJanuary 30, 2016
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…
Michelle AskelandJanuary 22, 2016
Know 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…
Michelle AskelandJanuary 22, 2016
Nienkerk 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.
Michelle AskelandJanuary 19, 2016