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Headline News, Rebchook Real Estate CornerSilverstein – record industrial year in 2018
The three main commercial real estate food groups – office, industrial and retail – this year added what is believed to be a record 12.8 million square feet. Those are the preliminary numbers crunched by economist Patty Silverstein. “That is huge, absolutely huge,” said Silverstein, president and chief economist of Development Research Partners. Silverstein, who is also the chief economist for...
By John Rebchook143 -
Construction & Design, Headline NewsG.H. Phipps tops out Lakehouse Residences
NAVA Real Estate Development, a Colorado-based development company, announced G.H. Phipps recently topped out construction of its 12-story Lakehouse development.
By Kris Oppermann Stern250 -
Headline NewsWestfield buys central Denver industrial development site
Westfield Company Inc. has acquired the Rocky Mountain Prestress property for development of a new Class A industrial park. One of the last remaining infill sites for industrial development in central Denver, the property is located at the northwest corner of Pecos Street and West 56thAvenue. Westfield closed on the first 45 acres of the site, which will total more...
By Jill Jamieson-Nichols506 -
Headline News, Rebchook Real Estate CornerRecession coming in 2019, Arsenault predicts
More than two years ago, addressing 550 real estate experts attending a Colorado Real Estate Journal multifamily conference, Marcel Arsenault predicted the next recession in the United States would take place in 2019. Arsenault, chairman, CEO and founder of Real Capital Solutions, correctly predicted the Great Recession. Real Capital Solutions is one of the largest privately held commercial real estate firms...
By John Rebchook513 -
Headline NewsRed Robin along Jamboree sells for nearly $794 per sf
The buyer, a private, 1031 exchange investor, paid $5.73 million for the Red Robin restaurant at 1410 Jamboree Drive.
By Jennifer Hayes206 -
Headline NewsLodging for outdoor enthusiasts comes to Colorado
A boutique lodging company that’s captured the attention of the outdoor recreation industry is coming to Colorado. “Colorado is known nationwide to be a primary outdoor recreation destination,” said Johannes Arlen, CEO and co-founder of Seattle-based Loge Camps. “It’s really a matter of serving our customers, knowing that they want to go there.” Loge Camps, which launched its first facility...
By Jill Jamieson-Nichols284 -
Headline NewsWill you still benefit from a 1031 exchange partial cash out?
With the strength of our current market, investors in Colorado generally have significant capital gain when they sell real estate held for investment. Many, in addition, have little or no mortgage remaining on the property.
By CREJ237 -
Headline NewsWonderland Creek Townhomes trades in $21 million deal
A townhome-style apartment community in Boulder sold to a California buyer for $21 million, or $512,195 per unit. Wonderland Creek Townhomes, located at 3701 Paseo del Prado, was developed and sold by WCT LLC, a partnership of Scott Woodward of Boulder and Brinkman Partners. Eng-Skell Co. was the buyer, according to Boulder County records. The community was completed in 2017...
By Jill Jamieson-Nichols394 -
Headline News, Rebchook Real Estate CornerOpportunity zones’ tax-free potential
Opportunity zones can spell opportunity for real estate investors and developers in Colorado and nationwide. Congress created opportunity zones last year to jump-start economic growth in low-income and other neglected areas. Interest in the program really started to perk up after the Treasury Department issued guidelines in October on the program, which offers tax incentives for investing in both urban...
By John Rebchook293 -
Headline NewsKangaroo II jumps off the market at price of $4.95 million
Kangaroo II Self-Storage, a 73,325-square-foot storage facility in Loveland, recently sold for $4.95 million, according to Larimer County records. The property is located at 100 Valency Drive, off U.S. Highway 287 and 14th Street Southwest. Kangaroo II Self Storage LLC, a local, private entity, sold the property to CSGBSH Loveland CO I LLC, an East Coast investment fund. The LeClaire Group...
By Jill Jamieson-Nichols499