Denver CRE market in 2020: Where do we go from here?

Steig SewardVice president, client services and analytics,Colliers International “Lower for longer” and “growing but slowing” have been used to describe the direction of the economy and commercial real estate market in 2020. But are these just catchy phrases used by optimistic economists and brokers, or are they describing a new reality? Historically people have looked…

CREJ

February 21, 2020

Renewable energy company takes 23,215 sf in Windsor

A second renewable energy company leased space in a 62,280-square-foot industrial building in Diamond Valley Tech Center in Windsor. Bold Renewables, an Advanced Energy carve-out that services and maintains solar central inverters, signed a seven-year lease for 23,215 sf at 840 Diamond Valley Parkway. Vestas Wind Systems also is a tenant in the building. Bold…

Jill Jamieson-Nichols

February 20, 2020

Earth Treks building in Englewood sells for $16.15 million

A 92,080-square-foot building that houses North America's largest climbing gym and two industrial tenants sold for $16.15 million. Monterey, California-based Call Family Trust bought the building at 1050 W. Hampden Ave. in Englewood from Ogilivie Properties. The building, formerly Sports Authority's headquarters, was fully renovated in 2018. It is 100% leased to Earth Treks, which…

Jill Jamieson-Nichols

February 19, 2020

KTGY designs Downtown Superior’s Main Street, being constructed by CFC

Downtown Superior’s Main Street, a walkable mixed-use development being developed by Ranch Capital and Morgan Holdings in Boulder County, is set to add a mixed-use component. It is being designed by KTGY Architecture + Planning and will be built by Colorado First Construction.

Kris Oppermann Stern

February 17, 2020

Longmont’s South Main Station takes shape

South Main Station Apartments is opening its doors in downtown Longmont, building on significant investments – and paving the way for additional amenities – in that part of the city. The 253-unit apartment community, with frontage on Main Street, is a major milestone for South Main Station, the redevelopment of the 26-acre former Butterball turkey…

Jill Jamieson-Nichols

February 17, 2020

Progressive joins Offices at Victory Ridge development

The first Class A speculative office development in more than a decade in Colorado Springs now has its first tenant. Progressive Casualty Insurance Co. signed an 18,089-square-foot lease at The Offices at Victory Ridge, a two-building, 145,053-sf office and retail development at 10855 Hidden Pool Heights. “The Offices at Victory Ridge is the first Class…

Jennifer Hayes

February 16, 2020

Boulder buyer adds to collection of assets in south Longmont

A Boulder company stepped up its commitment to the southern Longmont flex/industrial market with the acquisition of three buildings for $7.4 million. Chernoff Boulder Properties, a hands-on, boutique commercial real estate development firm, bought the buildings at 1801, 1811 and 1821 Lefthand Circle. Totaling 20,000 square feet each, they are located in the Campus at…

Jill Jamieson-Nichols

February 14, 2020

Luxe at Mile High apts. sell for $145 million

A 382-unit community located in the shadow of Empower Field at Mile High Stadium sold for $145 million, or $379,581 per unit. OZH Holdings 2 LLC, according to public records, purchased Luxe at Mile High at 3200 W. Colfax Ave. in Denver. “Luxe at Mile High was an interesting transaction because it sold before it…

Jennifer Hayes

February 10, 2020

Gelt pays $145.5M for Lakewood apts.

A Los Angeles-based real estate investment and asset management firm boosted its metro Denver apartment portfolio with its $145.5 million buy of the Kallisto at Bear Creek community. Gelt Inc. paid $308,263 per unit for the 472-unit community at 2605 S. Miller Drive in Lakewood. “Gelt has been attracted to the Denver market because the…

Jennifer Hayes

February 10, 2020

Porteos blazes trail for industrial development at DIA

A business park that initially received little notice within the Denver industrial real estate community has proven itself worthy of national attention. Walmart, Kärcher North America, Costco and Ryder are among companies that have acquired land for industrial development at Porteos, a 1,287-acre commercial mixeduse site 2 miles south of Denver International Airport’s main terminal.…

Jill Jamieson-Nichols

February 10, 2020