Median rental rates vary by $100s across city
Three years ago, about 30 percent of renters in the Denver area paid rents below $1,000. That number now sits at 11 percent, as of the last Multifamily Housing Council survey. While rent increases are widespread, not all neighborhoods are experiencing the same effects as the macro environment. Using 21,000 available apartments listed on Zumper over the end of 2015, we examined which areas felt the greatest effects.
CREJFebruary 13, 2016
DPC switches gears with Carrara buy
DPC Development Co. switched gears with the $41.65 million purchase of a first-class Greenwood Village office building. DPC bought Carrara Place, a 237,681-square-foot building at 6200 S. Syracuse Way. Prudential Real Estate sold the Class A building for $175.23 per sf. “We think it’s one of the best buildings in that Greenwood Village submarket,” said…
Jill Jamieson-NicholsFebruary 13, 2016
Unico redevelops 1738 Pearl Street, earns LEED Platinum Core & Shell
Unico Properties LLC’s redevelopment of 1738 Pearl St. is coming up platinum. The 41,000-square-foot mixed-use office and retail building at 1738 Pearl St. in Boulder was awarded the U.S. Green Building Council’s LEED Platinum certification for Core & Shell. With the certification, 1738 Pearl St. is Boulder’s first privately owned LEED Platinum building and it is 26 percent more energy efficient than a standard building for its same size, type and location.
Jennifer HayesFebruary 12, 2016
Lowry completes mobility study
The Lowry Redevelopment Authority has completed a mobility study for the 1,866-acre community that includes homes, apartments, retail and office space. Development of the former Air Force base began in 1994 and is now almost complete. The study assesses the current multimodal network at Lowry along with planned and recommended improvements. “Lowry was carefully planned…
John RebchookFebruary 11, 2016
Point Belleview office/retail asset trades for $6.75 million
An owner who created a great turnaround story for an office/retail building in Aurora sold the property for $6.75 million, or $193 per square foot. Point Belleview, located at 5001 S. Parker Road, is a 34,806-sf, two-story building with excellent visibility along South Parker Road. The developer who completed the project in 2006 lost it…
Jill Jamieson-NicholsFebruary 10, 2016
Looking back: The architects and architecture that have influenced Colorado
Although most people are unaware of the degree to which architecture affects their lives, the built environment exerts a strong cultural influence on society, therefore shaping our values and determining the future.
CREJFebruary 9, 2016
15-story tower planned for La Loma site
L&L Developments Inc. has filed a preliminary site plan with Denver Community Planning and Development for a 15-story, 713-unit multifamily tower on the La Loma Mexican restaurant site in the Jefferson Park neighborhood in Northwest Denver. The developer could not be reached for comment. However, Rafael Espinoza, who not only represents Jefferson Park, but lives…
John RebchookFebruary 4, 2016
Sidford Capital bets neighbors’ rising rents will benefit Uptown
An Uptown Denver office building that’s been under the same ownership for 18 years sold to a local group that expects to capture smaller tenants priced out of neighboring office submarkets.
Jill Jamieson-NicholsFebruary 3, 2016
Warehouse Central sells in rare central Denver investment deal
A San Francisco-based firm put up $24 million for the rare chance to buy a large, central Denver industrial property. An affiliate of Stockbridge Capital Group LLC paid $73.65 per square foot for Warehouse Central, a 325,858-sf building at 2400 W. Fifth Ave. The asset is 100 percent leased.
Jill Jamieson-NicholsJanuary 31, 2016
The resurgence of urban food markets
Urban food markets are having a moment. Following the August 2013 opening of The Source in River North, this year will see the opening of two new urban food markets – The Central Market at 2669 Larimer St., and Stanley Marketplace at 2501 Dallas St., in Aurora. Additionally, The Source’s marketplace is adding 20,000 square feet of space along with a 7,000-sf roof-deck beer garden and pool, as well as a 100-key connected hotel.
Michelle AskelandJanuary 30, 2016