Woodspear makes unusual swap

Woodspear Properties decided it was time to sell The Orchards shopping center in Greenwood Village. And Woodspear ended up selling the prized 73,904-square-foot center in a novel way. But more details of that later. The Orchards, at 5926 S. Holly St., at the key intersection of Orchard Road and Holly Street, is the type of…

John Rebchook

October 11, 2017

Front Range focus of CREJ conference

[vc_column width="2/3"]Front Range commercial real estate stretches from Northern Colorado to Colorado Springs. And while the geographic markets, like asset types, are at different stages on the scale, no area is hitting a truly sour note. “Our entire Front Range market is in a really good place right now,” said Mike Kboudi, a managing director…

John Rebchook

October 9, 2017

Hawks – CREJ apartment conference coming Oct. 19

Jeff Hawks would be disappointed if he listed a Denver area apartment community and didn't receive at least 10 offers. Hawks is seldom disappointed these days. “To a lot of people’s surprise, the apartment market is holding up fairly well. Everyone believed that we were overbuilding” and Denver’s red-hot apartment market was cooling, said Hawks,…

John Rebchook

October 4, 2017
Cherry Creek

Cherry Creek Safeway closing this month

The Safeway adjacent to the Cherry Creek Shopping Center will close its doors permanently in the coming weeks, months before its Jan. 4 deadline, the Colorado Real Estate Journal has learned. “We are planning to close the store at the end of the month,” said Kris Staaf, director of public affairs for Safeway. CREJ had…

John Rebchook

October 4, 2017

Ursini – No stopping 1,000-foot Denver tower

I first started talking to New York City-based developer Mike Ursini last March about his plans to build the tallest building in Colorado. Our agreement was that by sitting on his blockbuster $400 million development at 650 17th St., he would give the story to me first. https://www.youtube.com/watch?v=lloqw7_wWck Six months later, it didn’t work out…

John Rebchook

October 2, 2017

Hutchison heads fast-growing Mission Rock

Patricia Hutchison, president of Mission Rock Residential, just returned from a weeklong trip to Houston, surveying the damage of apartment communities her Denver-based company manages in the wake of Hurricane Harvey. Thankfully, only two of the communities suffered any damage, it wasn’t as bad as she feared, and she returned to Denver. Colorado is the…

John Rebchook

September 27, 2017

Amazon prime sites

Amazon Prime. Amazon prime time in Denver, that is. You know what I’m talking about. Everyone in the Denver area is buzzing about the possibility that Amazon could plant its $5 billion flag - a second headquarters - in the Denver area. The New York Times even opined that Denver is the best choice for…

John Rebchook

September 25, 2017

Meridian bike sharing launched

Bill Pauls once casually mentioned to me that soon after he bought the sprawling Meridian International Business Center in Douglas Count, he wondered if he had made a mistake. Pauls, now head of the Pauls Corp., bought Meridian just in time to watch the local economy crash with falling energy prices, putting on hold the…

John Rebchook

September 20, 2017
Phillips 66

Phillips 66 Louisville site under contract to Bancroft

The company that developed the Peloton in Boulder has the prized 432-acre property in Louisville under contract that is owned by energy giant Phillips 66, the Colorado Real Estate Journal has learned. Bancroft Capital, based in Manhattan Beach, California, appears to have agreed to pay $50 million for the land off U.S. 36, which is…

John Rebchook

September 19, 2017
Cherry Creek

Safeway Cherry Creek to close, host new tenants

After more than a half century in the heart of the Cherry Creek neighborhood, the Safeway next to the Cherry Creek Shopping Center will be closing its doors by the first week of January, officials announced today. The 51-year-old Safeway with approximately 50,000 square feet  at 3100 E. First Ave., has been notified by the Taubman…

John Rebchook

September 15, 2017