April monthly economic indicators

The Metro Denver Economic Development Corp. recently released its April Monthly Economic Indicators report.

CREJ

April 13, 2016
Arsenault

Arsenault: another recession could hit in 2019

Marcel Arsenault, like the investors in the popular “Big Short” movie based on the book of the same name by Michael Lewis, correctly predicted the housing collapse and Great Recession, and profited handsomely from betting against the housing industry. Arsenault, chairman and CEO of Louisville-based Real Capital Solutions, today is investing hundreds of millions of…

John Rebchook

April 8, 2016

Office rents up, absorption down, according to JLL summary

While Denver’s economy – and rental rates for office space – remain strong, the office market saw negative absorption in the first quarter of the year, largely due to sublease space becoming vacant, according to JLL’s Office Insight summary. The average direct asking rate for office space in the Denver metro continued to climb in…

CREJ

April 8, 2016
Self-storage Vacancy Trends

Self-storage vacancies drop, rents climb

Vacancies in self-storage properties in the Denver metro area and nationally will continue to decrease and rents will climb, according to Marcus & Millichap’s recently released 2016 Self-Storage Investment Forecast. The report says after three years of near-level vacancy in the Denver market, a drop of 110 basis points to 9.2 percent is expected by…

CREJ

April 5, 2016
3D Systems Technology Park at Mountain West

C-470 office/flex park hits ground running

An office/flex park on the C-470 corridor in Littleton recently landed an anchor tenant and is rolling out additional speculative buildings. A leading provider of three-dimensional printing solutions, 3D Systems Inc. leased a 70,000-square-foot building at the new 3D Systems Technology Center at Mountain West. The company provides 3-D printing design-to-manufacturing solutions, including 3-D printers,…

Jill Jamieson-Nichols

April 5, 2016

Denver industrial market: Is the party winding down?

The party may be winding down for Denver’s industrial market. The vacancy rate for industrial space increased for the first time in six years in the last quarter of 2015, and around 3.5 million square feet of speculative industrial space is being built – a million sf more than was delivered last year. “One-off” players…

Jill Jamieson-Nichols

April 5, 2016
Winslow Report

The Winslow Report 4-5-16

The Winslow Report, authored by John V. Winslow, CRE, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of…

John Winslow

April 5, 2016
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