CREJ retail conference coming
Denver's retail scene stacks up well compared to other trendy cities across the country. The latest CBRE retail report compared Denver, by a number of metrics, to other cities as well as to the U.S. “Compared to peer markets, Denver’s retail growth is reasonable and its absorption of space is hearty,” according to the CBRE…
Kris Oppermann Stern
December 17, 2018JJK blazes social impact RE trail
JJK Places, a “hybrid” development company, hopes to do well by doing good. JJK Places, a “social impact real estate” development and consulting company, is headed by veteran real estate developer Will Kralovec. Before founding JJK and serving as its president and managing partner, Kralovec was the director of master site development at the Denver…
Kris Oppermann Stern
December 14, 2018Ridge at Thornton acquired by Chicago investor
Adams County Property Location: 3650 E. 103rdAve., Thornton, “Ridge at Thornton” Property Description: 280-units in 10 two-story apartment buildings, YOC 2016, & eight three-story buildings, YOC 2018, rentable sf is 299,436, brick/frame Land Size: 11.89 acres Sales Price :$72M, or $257,143 per unit, or $240.45 psf Density: 23.55 units per acre Reception No.: 80940, 80942…
John Winslow
December 14, 2018Silverstein – 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…
Kris Oppermann Stern
December 12, 2018Belmar apartments sell for $143.5 million
Jefferson County Property Location: 7301 W. Ohio Ave., Lakewood, “Ashford Belmar Apartments” Property Description: 512-unit, 24-building apartments with 615,080 sf rentable area, YOC 1988/1993, brick & frame construction, 27,000-sf clubhouse, Land Size: 26.31 acres Sales Price: $143.5M, or $294,531 per unit, or $304.50 psf Reception No.: 2018104265 Density: 19.46 units/acre Closing Date: 11/14 Grantor: Ashford Belmar LLC,…
John Winslow
December 12, 2018Recession 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…
Kris Oppermann Stern
December 10, 2018Opportunity 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…
Kris Oppermann Stern
December 7, 2018Winter 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…
Kris Oppermann Stern
December 4, 2018Thankful 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…
Kris Oppermann Stern
November 15, 2018Larson 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…
Kris Oppermann Stern
November 12, 2018