Diners clamor for more and more restaurant options
Restaurateurs have an appetite for Denver, evidenced by the fact that 235 new restaurants opened in the greater metro area in 2015, according to the Colorado Restaurant Association. In 2014, approximately 300 new restaurants opened. The numbers might seem staggering, but dining trends and our desire to eat out are not only keeping many of these restaurants in business, but also allowing many to flourish.
CREJ
January 30, 2016Panorama Corporate Center fetches $190.62 million
Panorama Corporate Center has traded for $190.62 million in yet another blockbuster deal for the southeast suburban office market.
Kris Oppermann Stern
January 30, 2016Multifamily construction to remain strong in Colorado
Everyone loves Denver. And it’s a key factor in the continued construction of apartment properties across the metro area, which doesn’t show signs of slowing down in the near term, according to the multifamily forecast panel at the 2016 Development & Construction Summit presented by the Colorado Real Estate Journal. “We’re seeing an urban shift…
Jolene Wollett
January 29, 2016Colorado Springs buyer sees value in $28.1 million apartment buy
A Colorado Springs-based buyer continues to expand its portfolio with its $28.1 million acquisition of the Village at Lionstone – a purchase pointing to growing activity in the city’s southeast multifamily submarket. All Pro Capital paid $97,569 per unit to Seagate for the 288-unit gated Village at Lionstone community. “All Pro Capital’s purchase of the…
Jolene Wollett
January 29, 2016Front 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, 2016Partnership 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…
Kris Oppermann Stern
January 29, 2016Fuller 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…
Kris Oppermann Stern
January 29, 2016Are 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…
Kris Oppermann Stern
January 29, 2016Tupler, 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,…
Kris Oppermann Stern
January 27, 2016Importance 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