IREM comes out against Energize Denver Task Force recommendations

The Greater Denver Chapter of the Institute of Real Estate Management voiced opposition to the current recommendations of the Energize Denver Task Force in a letter to the Department of Environmental Health. "I was shocked and concerned to find out, just the day before yesterday, that the city of Denver is trying to push recommendations through without…

CREJ

July 15, 2016

Denver’s multifamily land rush

Multifamily development has been growing since the Great Recession and in points farther around the city.

Jennifer Hayes

July 15, 2016

Lee & Associates 2Q 2016 Office Market Review

JLL market update

Denver office rents continued to climb in the second quarter [vc_column width="1/3"][vc_column width="1/3"]

CREJ

July 15, 2016

The Shops on Midway in Broomfield trades in 1031 exchange

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Broomfield County Property Location: 1690-1700 W. Midway Blvd, Broomfield (1031 exchange) Property Description: 3,750-sf, two-tenant retail building, YOC 1975, masonry Land Size: 26,135 sf Sales Price: $2.1M, or $560 per sf Reception No.: 2016007883 Closing Date: 7/5 Grantor: Little Rawan LLC, Fadi Sawaged, mgr. Grantee: Michael R. Diefenderfer, 2/3 interest, & New Direction IRA Inc. FBO,…

John Winslow

July 15, 2016

Potential oil & gas setback initiative could cost Colorado up to 100,000 jobs and billions in GDP

A proposed 2,500-foot setback for new oil and gas wells in Colorado could result in the loss of up to 54,000 jobs over the first five years and up to 104,000 jobs over 15 years, according to a new study released today.

CREJ

July 14, 2016

Longtime developer lands 73.6 acres in Broomfield

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Broomfield County Property Location: W/S Interstate 25, approximately 1 mile north of Highway 7 Property Description: Vacant land Land Size: 73.6 acres Sales Price: $2.1M, or $28,533 per acre Reception No.: 2016006912 Closing Date: 6/16 Grantor: Imperial Farms LLC, Sandra D. Spano, mgr. Grantee: UF TM I LLC, Urban Frontier, Garrett Baum, 303-226-1266, & Bill Branyan,…

John Winslow

July 14, 2016

Development fees for $150 million affordable housing plan

A new developer fee is being proposed to help fund a $150 million fund for affordable housing in Denver, Mayor Michael B. Hancock and Councilwoman Robin Kniech announced on Tuesday. They released the final details of a plan to create the city’s first dedicated funding stream for affordable housing, which would help create 6,000 new […]

John Rebchook

July 13, 2016

New Jersey developer acquires Highland site for $155.71 per sf

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Denver County Property Location: 2800-2826 W. 29th Ave., Denver Property Description: Misc. improvements, plan to construct 117 units Land Size: 21,675 sf Sales Price: $3.38M, or $155.71 per sf, or $28,846 per buildable unit Reception No.: 2016089416 Closing Date: 7/6 Grantor: Carmen Real Estate LLC, by: Sagebrush Companies, Todd Heinzeroth, mgr., 303-866-0011, or Don Caster, 303-800-8152…

John Winslow

July 13, 2016

SIOR anniversary torch takes in Colorado adventures

As part of the Society of Industrial and Office Realtors’ 75th anniversary this year, an Olympic-style torch is traveling from chapter to chapter, state to state, country to country, along with a GoPro camera to capture the flavor of each chapter.

Jill Jamieson-Nichols

July 12, 2016

RiNo site for proposed micro apartments brings $112 per sf

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Denver County Property Location: North corner of Wynkoop & 36th streets, Denver Property Description: Vacant land, 84 micro apartments with a total of 37,800 sf net rentable area planned Land Size: 18,750 sf Sales Price: $2.1M, or $112 per sf, or $25,000 per buildable unit Reception No.: 2016086461 Closing Date: 7/1 Grantor: 3609 Wynkoop LLC Investors…

John Winslow

July 12, 2016