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, 2016Hord 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…
Jolene Wollett
January 23, 2016Pinkard 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…
Jolene Wollett
January 23, 2016Private 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…
Jolene Wollett
January 23, 2016The evolution of co-working in Denver
Co-working is an unavoidable buzzword in Denver. In the few short years dedicated co-working space has had a presence in the city, the definition has evolved from a strictly communal environment to one that often embraces private offices as well as community areas. The long-term effects of what this new office environment means to the…
Kris Oppermann Stern
January 22, 2016Know your building’s risk profile
In light of recent terrorist attacks and active shooter incidents in Paris, California and Colorado Springs, the role property managers play in protecting their tenants as well as their building assets is more important than ever. “Security is really front of mind for all of our property manager customers right now,” said Steve Claton, president…
Kris Oppermann Stern
January 22, 2016Medical supplies company to build 545,000 sf in Aurora
The nation’s largest privately held health care supply company will build a 545,000-square-foot warehouse/distribution center at Majestic Commercenter in Aurora. Medline Industries Inc. bought 35.6 acres of land in the master-planned business park at Interstate 70 and Tower Road and will spend the next 18 months developing the facility. “This is a very exciting project…
Kris Oppermann Stern
January 20, 2016TruAmerica pays $105 million for Veranda Highpointe
The late Steve Jobs, the co-founder and former CEO and chairman of Apple, once said, “A lot of times, people don’t know what they want until you show it to them.” Darren Fisk, CEO and founder of the Denver-based Forum Real Estate Group, has a similar philosophy when it comes to developing apartment communities. That…
Kris Oppermann Stern
January 20, 2016Mission Trace reaches milestone: 100 percent leased
Mission Trace Shopping Center, a 200,000-square-foot shopping center in Thornton, recently hit a milestone. The center is 100 percent occupied for the first time since it was built 30 years ago. “It is unheard of for a 200,000-square-foot property to be 100 percent leased,” said Corey R. Wagner, executive vice president of Aurora-based Western Centers…
Kris Oppermann Stern
January 19, 2016Nienkerk thrives in busy management environment
To many people, managing two Class A office properties with over 550,000 square feet in the Denver Tech Center would be a daunting responsibility. Managing a family of four children, ranging from five-year-old twins to a freshman in college, is another full-time, overwhelming job. On top of that, throw in a revolving door of foster puppies and board member responsibilities for a corporate office association, and you’ve got a day in the life of Michelle Nienkerk.
Kris Oppermann Stern
January 19, 2016