Western Union signs lease, another coming
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Kris Oppermann Stern
September 18, 2017The capital stack: PACE finance vs. mezzanine debt
Commercial real estate capital stacks have become more complex in recent decades, allowing project sponsors and investors alike to fine-tune the level of risk they are comfortable tolerating,
CREJ
September 18, 2017NexGen acquires property at heart of future ‘downtown’
The center features a mix of regional and national tenants, including Great Clips, GNC, O’Reilly Auto Parts and Marco’s Pizza. Broomfield Marketplace is anchored by a former Safeway grocery store, now owned by the city and county of Broomfield.
Jolene Wollett
September 17, 2017New industrial park to go head-to-head with I-70 corridor
Metro Denver’s next big industrial park will be in Brighton. The 122-acre 76 Commerce Center will create up to 1.8 million square feet of speculative Class A industrial space on the Interstate 76 corridor, starting with a 266,240-sf building to break ground this year. Going head-to-head with Denver’s Interstate 70 industrial corridor, the development is…
Kris Oppermann Stern
September 17, 2017Briargate apartments trade for $44.5M in record-setting deal
New York City-based Rivendell Global Real Estate paid $44.5 million, or $229,381 per unit, for the Commons at Briargate – the highest price per unit ever recorded regardless of vintage for the sale of a Colorado Springs apartment community.
Jolene Wollett
September 11, 2017Westcore parts with longtime DTC asset
With a major tenant settled in, a high-image office building in the Denver Tech Center found a new owner for $40.5 million. Mountain View, California-based Rees Properties Inc. bought 8181 E. Tufts Ave. from Westcore Properties, which has a long history with the 185,256-square foot asset and will continue to manage it. “It was a…
Kris Oppermann Stern
September 4, 2017Does your GC have a strong relationship with subcontractors?
Subcontractors account for 90 percent of the cost on most projects and are the true tradesmen who create each building. One of the most important factors in evaluating a prospective general contractor is the strength of its relationships with subcontractors.
CREJ
September 4, 20175 important changes for the new 2016 ALTA Commitment form
After a decade of use by real estate professionals, the American Land Title Association, the title trade association that creates and distributes forms used in real estate transactions, is decertifying
CREJ
September 4, 2017Unico acquires Colorado Square tower
Seattle-based Unico Properties LLC made its entry into the Colorado Springs market with its acquisition of Colorado Square, a 14-story office tower in the heart of downtown.
Jolene Wollett
September 4, 2017Office building off U.S. 36 & Pecos sells for $6.95 million
A six-story office building off U.S. Highway 36 and Pecos Street in Denver traded for $6.95 million, or $109.69 per square foot. GPA Tower LLC sold the 63,357-sf building on 3.53 acres at 7475 Dakin St. to 7475 Dakin LLC, according to Adams County records. The building was 100 percent leased, with Pima Medical Institute…
Kris Oppermann Stern
September 4, 2017