Vacant space chart

Front Range retail shines in 2015, into 2016

Wow, 2015 was yet another strong year in the Denver retail market as the state continues to attract retailers from all over the nation. Our well-diversified economy, increase in population, almost record-low unemployment and increases in salaries contribute to the growth of Denver. It is the sixth fastest-growing city in the nation and the second-best city to start a new business, according to Forbes.

CREJ

January 29, 2016

Partnership pays $8.04 million for MeadowView Village Center

A southwestern Longmont office/retail property sold to a local partnership for $8.04 million. Meadowview Center LLC paid $144.01 per sf for MeadowView Village Center, a three-building property at 600 S. Airport Road. The center consists of a two-story office/retail building and two single-story buildings with office, medical office and retail tenants, for a total of…

Jill Jamieson-Nichols

January 29, 2016
Ken-Caryl retail

Fuller brokers sell Ken-Caryl retail center

Dennis Carruth, the master-developer of Ken-Caryl Ranch, recently sold a retail center he developed in the master-planned community. Sageo LLC, headed by Oliver and Ann McBryan of Boulder, paid $3.75 million for the 14,390-square-foot Sagewood III center at 10065-10125 W. San Juan Way, just off Kipling Street, near C-470. The sales price equates to $260.60…

John Rebchook

January 29, 2016
Apartment construction

Are Denver apartments overbuilt?

The Denver-area apartment market, which has benefitted by an unprecedented stretch of rising rents and falling vacancies, may finally be showing signs of falling back to earth. However, no one is predicting the type of apartment bust that followed other boom periods, two experts recently addressed the potential that more supply is being added than…

John Rebchook

January 29, 2016
Villas at Parker.

Tupler, Simon arrange $31 million loan

Eric Tupler and Josh Simon of the Denver office of Holliday Fenoglio Fowler LP recently arranged a $31.2 million acquisition loan for Miami-based Advenir Inc. for its purchase of the 345-unit Villas at Parker. Records indicate Advenir paid $39 million for the community at 1090 S. Parker Drive in Denver. Records show that the seller,…

John Rebchook

January 27, 2016
Denver Union Station

Importance of well-designed, concentrated urban mixed-use projects

As Colorado’s Front Range population and urban density multiply, appealing locations and escalating land values demand creative and often complex development offerings. Returns on investment are enhanced by a synergistic combination of experiential activities or uses. The Crawford Hotel at Denver Union Station is an internationally recognized leader in urban mixed-use projects, having been awarded the 2015 Urban Land Institute Global Award for Excellence and the 2015 Colorado AIA Design Award for Built Architecture. It is a transformational project in the city of Denver that magnetizes urban activity. Our team’s design credo to produce “Denver’s Living Room” best describes the historic building’s role in downtown Denver now and in the future as the transportation hub spawns more armatures.

CREJ

January 26, 2016
Rent trends chart

Pre-1990 construction cap rates closing the gap

The vitality and distinctiveness of the Denver economy are driving new businesses and households to relocate to the metro, propelling apartment demand at a rate greater than supply growth. Drawn by the strong job market and high quality of life, new residents boosted population growth in the last year to more than double the national average.

CREJ

January 25, 2016
Hord Coplan

Hord Coplan Macht receives award for Emily Griffith Campus

Hord Coplan Macht, formerly SlaterPaull Architects, received the Mountains and Plains Award for Planning from the Rocky Mountain Chapter of the Association for Learning Environments for the Emily Griffith Campus in Denver. The award was given to the firm for its master planning and programming work to convert the former office building at 1860 Lincoln…

Jennifer Hayes

January 23, 2016
The Edge

Pinkard Construction breaks ground on The Edge project

Loveland Housing Authority, with Pinkard Construction Co. and OZ Architecture, broke ground in November on LHA’s newest project, The Edge. The Edge is a 68,000-square-foot, ground-up facility with 70 units of affordable housing for income-qualified individuals and homeless veterans. The facility consists of six three-story wood-framed buildings and a single-story clubhouse. Sixty of the units…

Jennifer Hayes

January 23, 2016
Woodmen Commons

Private investor buys Woodmen Commons for record $35 million

Woodmen Commons recently traded for $35 million in what is believed to be the highest-priced retail sale to close in Colorado Springs in 2015. A private investor, identified as TKG Woodmen Commons LLC, an entity of The Kroenke Group by public records, purchased the 156,010-square-foot center from Rosenbaum-Dean, which developed Woodmen Commons. Situated at 1706-1790…

Jennifer Hayes

January 23, 2016