• 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...

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  • New wood-frame codes allow for more flexibility

    From the construction of tenements in the 1800s to the high-rise steel and concrete luxury residential towers built today, for-rent housing has come a long way. But one constant is the use of wood to build rental housing. Over the years, architects and engineers have pushed the limits of what wood can do, and the adoption of the 2015 International...

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  • Out-of-state buyers show affinity for Colorado

    Purchasing an apartment building in Colorado has proven to be challenging due to the growing number of buyers lining up to acquire a limited number of available properties. For certain assets, it is not uncommon to receive upward of 20 offers.

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  • 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.

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  • The 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 office property market has yet...

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  • Know 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 of Universal Protection Service, Western...

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  • Hoping for the Best, Resilient Design Plans for the Worst

    If you’ve grown weary of the ever-expanding use and interpretation of the word “sustainability,” you may want to add the term “resiliency” to your lexicon. Equally broad and important in its intent; resilient design looks beyond energy modeling (and point-chasing) in favor of what the Resilient Design Institute defines as “the intentional design of buildings, landscapes, communities, and regions in...

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  • Nienkerk 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...

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  • Landlords, property managers: Beware of the ‘flip factor’

    Many property managers are discovering that closing up an open-office floor plan after a tenant vacates the property can be challenging, especially if the original build-out was for a more traditional company. Open-plan characteristics can vary widely, but most consist of 12-foot ceilings (or higher); exposed ductwork; perimeter windows, if available; very low or no walls; and concrete slab or...

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  • How construction costs could affect your next project

    Since the Great Recession ended, construction costs in Colorado have skyrocketed. The way property managers budget tenant improvement projects and building updates must be adjusted to take the rising costs into consideration. “In 2014, the costs of construction caught up with this rapid increase in demand, and we saw costs increase somewhere between 15 and 20

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