• Silverstein – record industrial year in 2018

    The three main commercial real estate food groups – office, industrial and retail – this year added what is believed to be a record 12.8 million square feet. Those are the preliminary numbers crunched by economist Patty Silverstein. “That is huge, absolutely huge,” said Silverstein, president and chief economist of Development Research Partners. Silverstein, who is also the chief economist for...

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  • Recession coming in 2019, Arsenault predicts

    More than two years ago, addressing 550 real estate experts attending a Colorado Real Estate Journal multifamily conference, Marcel Arsenault predicted the next recession in the United States would take place in 2019. Arsenault, chairman, CEO and founder of Real Capital Solutions,  correctly predicted the Great Recession. Real Capital Solutions is one of the largest privately held commercial real estate firms...

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  • Opportunity zones’ tax-free potential

    Opportunity zones can spell opportunity for real estate investors and developers in Colorado and nationwide. Congress created opportunity zones last year to jump-start economic growth in low-income and other neglected areas. Interest in the program really started to perk up after the Treasury Department issued guidelines in October on the program, which offers tax incentives for investing in both urban...

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  • Winter Park development taking off

    Winter Park is at ground zero of a development blitz. Developments that are either about to take off or are on the drawing board are expected to put the ski resort that serves the Front Range on the map. What is happening at Winter Park reminds developer Walter “Buz” Koelbel of the growth around Union Station in Denver. “There was a...

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  • Thankful commercial RE experts

    Thanksgiving is a time to be thankful for all of your blessings…and to eat too much turkey! One thing is for certain, though. Denver’s commercial real estate market is no turkey. With Thanksgiving just around the corner, I thought a holiday Rebchook Real Estate Corner column should be on the table. With a nod to Thanksgiving, I asked a broad-range...

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  • Larson fields retail questions

    Since David O. Larson launched his storied career as a retail broker, the Denver area’s population has almost doubled, rising by 92.56 percent. The days of Denver being known as  “cow town,” are in the rearview mirror since Larson began his retail career in 1982 at SullivanHayes Cos. And Amazon was just a river during the early days of his...

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  • Mayor Design Award winners

    Steam on the Platte, the Ramble Hotel and the Punch Bowl Social in Stapleton are among the 17 eclectic projects that are being honored as winners of the 2018 Mayor’s Design Awards. Mayor Michael B. Hancock on Thursday night honored the projects for excellence in architecture, design and placemaking. About 200 people attended the award event at the Chambers Grant...

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  • Firmspace plants coworking flag in Denver

    Firmspace, a luxury coworking suite concept, with little fanfare planted it Denver flag on the entire 16th floor at the Class A office tower at 1401 Lawrence St. “We opened in June without any premarketing or preleasing,” said Kristin Kirk, the hospitality director for Austin, Texas-based Firmspace. Firmspace picked Denver as its first city outside of Austin for its concept after...

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  • Western Asset Services launched

    Western Development Group, a developer of premier mixed-use and residential properties in Cherry Creek North, has created a new property management company, Western Asset Services. While Western Asset Services is just hitting the ground, Western Development Group is not a new kid on the block as far as property management. Western Development has been “in the business of managing its...

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  • Essex names Williams as president

    Essex Financial Group, which will close an estimated $750 million in commercial real estate loans this year, is changing the guard. J. Jeffrey Riggs, who founded the firm 26 years ago, is passing the baton to Cooper Williams, who has spent his entire professional career at Essex. “We are proud to announce that Cooper Williams, effective Nov. 1, is going to...

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