Virtual reality for commercial space

Virtual reality

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…

John Rebchook

April 6, 2017

Mathieson takes on critics

Mathieson

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…

John Rebchook

April 3, 2017

Senior housing event is April 20

Senior housing

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…

John Rebchook

March 30, 2017

MOB market healthy

MOB

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…

John Rebchook

March 28, 2017

Mill Creek bullish on Denver

Mill Creek

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…

John Rebchook

March 23, 2017

Silverthorne making history with downtown plans

Silverthorne

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…

John Rebchook

March 21, 2017

Millenials making it in Mile High

millennials

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…

John Rebchook

March 20, 2017

Inverness pioneer John O’Meara recalled

Inverness

“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…

John Rebchook

March 14, 2017

Hotel market racing to record room boom

Hotel

A record number of hotel rooms will be added to the Denver area hotel market this year. The market is poised to add 3,500 to 3,800 hotel rooms this year, according to Bob Benton, principal of Robert S. Benton Associates. That is about 1,000 more rooms than were added in 2015 and 2016, combined. “We’re…

John Rebchook

March 9, 2017

Multifamily run not over, Hawks says

Multifamily

Last year was the Year of the Monkey, according to the Chinese zodiac. But in Denver, 2016 was the Year of the Multifamily. The multifamily industry in the Denver area was one for the record books last year. More than $4.5 billion in apartments traded hands in 2016, according to Jeff Hawks, vice chairman of…

John Rebchook

March 8, 2017