CBRE Americas Investor Survey

Denver ranks high among investors, says CBRE

Denver ranked among the top 10 markets in the Americas for commercial real estate investment in 2016, according to a new report by CBRE Inc. The CBRE Americas Investor Intentions Survey 2016 captured investment sentiment and expected activity of nearly 500 investors focused on the Americas. Most expect to remain very active this year in…

Jill Jamieson-Nichols

March 28, 2016
stats

Strong employment, rising rents bode well for retail

Strong employment growth, decreasing vacancies and rising rents indicate a positive 2016 retail market, as demographic trends attract investors to the area, according to Marcus & Millichap. Marcus & Millichap’s 2016 Retail Investment Forecast provides these Denver observations:

CREJ

March 25, 2016
Apartment

Canadian company makes Denver debut

A Canadian company, in its first Denver-area purchase, recently paid $47.88 million for the 228-unit Carrick Bend apartment community in Northglenn.

John Rebchook

March 24, 2016
Transactions

Commercial real estate wrap-up

Following are recent office and industrial transactions reported to CREJ. Office The General Services Administration renewed its lease for 19,076 sf at 56 Inverness Drive East in Englewood. Jeremy Reeves and Bill Woodward of Inverness Properties handled the transaction. Lerch Bates leased 12,985 sf at 9780 S Meridian Blvd., in Englewood. Jeremy Reeves of Inverness Properties LLC and…

CREJ

March 23, 2016
Arvada

CBRE sells Arvada community

Arvada increasingly is becoming an attractive target for apartment investors. No sale better reflects that than the recent purchase of the 264-unit Panorama at Arvada Ridge at 5654 Kipling Parkway. Seagate Properties, based in San Rafael, California, purchased the community for $58.5 million, records show. That equates to a sales price of $221,591 per unit…

John Rebchook

March 17, 2016
SkyHouse with video

SkyHouse Denver time-lapse video

[vc_video link="https://www.youtube.com/watch?v=oBOlHr7l-q8"]SkyHouse Denver, being built by a joint venture between Batson-Cook Construction and Swinerton Builders, is targeting an August opening.SkyHouse Denver is a 26-story, cast-in-place luxury apartment building featuring 354 apartments, 460 structured parking spaces and 6,900 square feet of ground-level retail at 18th and Broadway. The project is being developed by Novare Group, Simpson…

CREJ

March 16, 2016
Colleagues

CBRE leases downtown space for new ‘free-address’ offices

Subscriber Content   CBRE is moving its downtown Denver offices to the top two floors of Seventeenth Street Plaza, which will be a showcase for its global Workplace360 initiative. Currently scattered in several spaces in the building at 1225 17th St., the company will occupy the entire 32nd floor and a portion of the 31st…

Jill Jamieson-Nichols

March 15, 2016
Kelmore

Kelmore tapped at Lowry

Centennial-based Kelmore Development has developed about a million square feet of retail space since it was founded about 35 years ago.

John Rebchook

March 15, 2016
Office Plaza at Inverness

Melcor buys SE assets for $26.45 million

A 93-year-old real estate company expanded its Denver metro holdings with two office properties in the southeast suburban submarket.

Jill Jamieson-Nichols

March 15, 2016
ARA Newmark

Record year for apartments

Last year was one for the Denver-area multifamily housing record book. Investors paid a record $4.44 billion for apartment communities in the metro area last year, topping the previous record set in 2014 by $903 million, a 25.5 percent jump. The record pace is becoming a bit of a broken record, albeit a welcome one…

John Rebchook

March 15, 2016