Bowles Crossing

Bowles Crossing in Vestar’s wheelhouse

Long before Vestar recently paid $76.15 million for Bowles Crossing, it had its eye on the open-air retail center in Littleton. “We had our eyes on that center for a couple of years,” said David Malin, a vice president of acquisitions and developments for Phoenix-based Vestar. Why? “No. 1, we are very bullish on the…

John Rebchook

April 5, 2016
HFF

HFF team arranges $30.5 million in financing

Josh Simon and Kristian Lichtenfels of the Denver office of Holliday Fenoglio Fowler recently secured a $30.5 million construction loan for a 216-unit apartment community in Broomfield. Working on behalf of Jeffrey Sanders of Boulder-based MountainView Capital LLC, Simon and Lichtenfels placed the loan with a regional bank. The loan is for the garden-style Mountain…

John Rebchook

April 5, 2016
Mtn. West hotel supply & demand

Marcus & Millichap launches hospitality investment outlook

Marcus & Millichap has launched an annual hospitality investment forecast for 16 regions nationwide, including the Mountain West. Highlights of the inaugural report are: Moderate but steady wage growth is converging with lower gas prices to support leisure trips that require a hotel stay in 2016. Growth in key hospitality performance indicators will likely moderate…

CREJ

April 4, 2016
DCC II

Denver Tech buildings fetch $40.54 million

A Denver Tech Center office property captivated investors willing to take on big risk for the sake of reward. Denver Corporate Center II and III ended up in seemingly logical hands with DPC Development Co. and longtime partner Bridge Investment Group Partners paying $40.54 million for the buildings at 7800 and 7900 E. Union Ave.,…

Jill Jamieson-Nichols

April 4, 2016

How the next evolution of workplace builds community

For decades a symbol of achievement in the working world has included securing the coveted corner office.

CREJ

April 2, 2016
Transactions

Commercial real estate wrap-up 4-1-16

Following are recent transactions reported to CREJ. Office Cybertech Inc. leased 7,079 square feet at 2821 S. Parker Road, Suite 1105, in Aurora. Eric Gold of API Sheldon-Gold Realty Inc. represented the landlord. Kforce Inc. leased 7,900 sf at 5680 Greenwood Plaza Blvd. in Greenwood Village. Courtney Hasson, Nathan Johnson, Jamie Gard and Casey Grosscope…

CREJ

April 1, 2016
Lowry

LRA chooses Kelmore at Boulevard One in Lowry

Centennial-based Kelmore Development has developed about a million square feet of retail space since it was founded about 35 years ago. Almost all of it was in the suburbs, primarily in the southeast corridor. Now, it is tackling a high-profile urban development in Denver. Kelmore has been chosen by the Lowry Redevelopment Authority to be…

John Rebchook

March 31, 2016
Flatirons

Dean Callan Recognition Award honors Reynolds, Tebo

Boulder-based Dean Callan & Co. recently presented the 2015 Dean Callan Recognition Award to Bill Reynolds of The W.W. Reynolds Cos. and Stephen Tebo of Tebo Properties. Stephen Tebo The award is given annually to a member of the Boulder commercial brokerage community in memory of Dean Callan and in recognition of his many years…

Jill Jamieson-Nichols

March 30, 2016

Employment revision reports show considerably higher job growth

The annual benchmark revision of the Current Employment Statistics showed significant upward adjustments to annual employment for 2015 in Metro Denver, according to data released today by the Metro Denver Economic Development Corp.

CREJ

March 28, 2016
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