• California dreaming at Marcus & Millichap

    California dreaming. If you are a Denver-based apartment broker, you don’t need to be a Mommas and the Poppas fan to be tuned in to the importance of California investors. “I think last year 26 percent of our deals from our office were from California,” said Tyler Stevens, who recently joined the Denver office of Marcus & Millichap as Brian...

  • Condo colossus coming downtown

    Condo colossus. A Miami developer has unveiled plans for a $500 million condominium development that would bring 800 condominium units to downtown Denver in two, 40-story towers. The towers, on a 55,000-square-foot property at 1901 Arapahoe St., would represent the single largest condo project ever built in Denver. Units are anticipated to be priced from the mid-$200,00 to more than...

  • Virtual reality for commercial space

    I entered the commercial real estate Matrix. I donned the virtual reality goggles, and the 2,000-square-foot office that Walkthrough leases with another company in Lower Downtown was replaced by office furniture supplied by one of Walkthrough’s customers, Interior Environments. A virtual, green-lined grid, which reminded me of the Matrix, kept me from walking into the walls of Walkthrough’s office on...

  • Mathieson takes on critics

    Developer Michael Forbes Mathieson could write a book. Mathieson, a Denver infill developer, recently posted a flurry of missives on social media sites responding to critics of his $12 million, five-story, 47-unit apartment building under construction in Denver’s increasingly trendy Berkeley neighborhood. From last fall to last month, Mathieson has posted at least 3,422 words on Denver Fugly on Facebook...

  • Senior housing event is April 20

    There is no simple answer to sum up the state of the senior housing industry along the Front Range. “It’s a big market with 10 different product types,” Elisabeth Borden told me. Borden, principal of The Highland Group, a consulting group in Boulder that provides research, planning and marketing solutions for senior housing and care communities, will have the daunting...

  • MOB market healthy

    The Denver area medical office building market, by almost every metric, is not only healthy, but also in tip-top shape. Last year, $105.2 million in medical office buildings, or MOBs, traded hands, a 20.9 percent jump from 2015, according to a CBRE analysis of the MOB market. Catholic Health Initiatives sold the Lansing Point building in the Meridian International Business Center for...

  • Mill Creek bullish on Denver

    Mill Creek Residential, a privately held apartment developer, has been planting its flag in some of Denver’s trendiest neighborhoods. Together, the privately held, Dallas-based company has more than 1,300 units owned, under construction or on the drawing board in Denver neighborhoods My back-of-the-envelope estimate is that the total sales value of the communities would top $460 million in today’s market;...

  • Silverthorne making history with downtown plans

    Teams from Milender White and the St. Charles Town Co. recently made the 67-mile trip to Silverthorne to make pitches on redeveloping the heart of the downtown of the Summit County community. Milender White and the St. Charles Town Co. were the two group that responded to a request for proposals to redevelop about 3.25 acres in Silverthorne, which was incorporated...

  • Millenials making it in Mile High

    Millennials. Every city wants them. Denver is actually getting them. A fair share of the 10,000 or so people moving to the Mile High City every month are in the coveted demographic group. Many of these millennials are renters, good news for the Denver area multifamily market. “Millennials are the biggest generation ever” and also are the most educated group...

  • Inverness pioneer John O’Meara recalled

    “There will never be a better day.” Friends of the late John O’Meara merely had to repeat that quote,  “There will never be a better day,” and everyone knew exactly what they were talking about. Those seven words captured the spirit and drive of O’Meara. O’Meara, also known as “Mr. Inverness,” a pioneer of the Inverness Business Park, died last...