EverWest, Invesco acquire 25 North spec industrial project
Denver-based EverWest Real Estate Investors purchased 25 North, a speculative industrial project designed to meet North Denver’s need for move-in-ready, Class A space. EverWest purchased the two-building, 219,200-square-foot property as […]
Jolene Wollett
August 10, 2020Brinkmann Constructors completes Kärcher’s HQ, designed by Ware Malcomb
Ware Malcomb announced construction is complete on Kärcher’s new North America headquarters facility, which is located at 6398 N. Kärcher Way in Aurora. Ware Malcomb provided architecture, interior design, civil engineering and land surveying services for the project. Brinkmann Constructors was the general contractor.
Kris Oppermann Stern
August 10, 2020Single-tenant Denver portfolio sells for $6.95 million
A Denver retail portfolio consisting of three Brakes Plus-leased properties sold for a combined $6.95 million in an all-cash transaction. Kathleen Ann Ross Trust, an instate investor, purchased the retail […]
Kris Oppermann Stern
August 7, 2020Local shared workspace provider opens office in Littleton
Shift Workspaces, a shared workspace provider, opened its third location in Colorado and became operational at the beginning of July. Shift Workspaces’ new 28,000-square-foot building, at 2679 Main St. in […]
Kris Oppermann Stern
August 7, 2020Broomfield plans for $95M mixed-use site
A national, full-service real estate firm announced plans to develop a large mixed-use business park in Broomfield. St. John Properties plans to develop Simms Technology Park, a 600,000-square-foot business park […]
Kris Oppermann Stern
August 3, 2020Louisville industrial property sells for $49M
A fully occupied multitenant industrial property in Louisville sold for $49 million. Berkeley Partners purchased the 411,485-square-foot building at 333-335 Centennial Parkway from sellers DPC Cos. and Long Wharf Capital. […]
Kris Oppermann Stern
August 3, 2020Durango Town Center sells for $13.35M
Durango Town Center sold in the second-largest shopping center transaction in Colorado in 2020. A private local investor paid $13.35 million for the 41,781-square-foot center – the second-highest-priced transaction to […]
Jolene Wollett
August 3, 2020Denver’s decade-long rent growth ends in second quarter
For the first time in more than a decade, the Denver apartment market saw declining year-over-year rent growth, according to the Apartment Association of Metro Denver’s quarterly Denver Metro Area Apartment Vacancy and Rent Survey. The second-quarter survey, conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management Associates, noted that compared to second-quarter 2019, average rent decreased to $1,506 per month, a $30 monthly decrease and a $360 annual decrease. This represents an inflation-adjusted 2.1% decrease in rents. The last time rents were lower than the period 12 months earlier was in the first quarter of 2010.
Jolene Wollett
August 3, 2020Swinerton tops out Block 162 spec. building in downtown Denver
Swinerton topped out Block 162, a 606,000-square-foot speculative office building, located at 675 15th St. in downtown Denver. Gensler designed the project. Block 162 is a joint venture led by Patrinely Group and USAA Real Estate.
Kris Oppermann Stern
August 2, 2020Activity, leasing ramping up at Majestic Commercenter
Shamrock Foods has begun construction on its 1.3-million square-foot complex at Majestic Commercenter – part of more than 2 million sf of industrial warehouse and distribution activity at the nearly […]
Jolene Wollett
July 27, 2020