CBRE Americas Investor Survey

Denver ranks high among investors, says CBRE

Denver ranked among the top 10 markets in the Americas for commercial real estate investment in 2016, according to a new report by CBRE Inc. The CBRE Americas Investor Intentions Survey 2016 captured investment sentiment and expected activity of nearly 500 investors focused on the Americas. Most expect to remain very active this year in…

Jill Jamieson-Nichols

March 28, 2016
Transactions

Commercial real estate wrap-up

Following are recent office and industrial transactions reported to CREJ. Office The General Services Administration renewed its lease for 19,076 sf at 56 Inverness Drive East in Englewood. Jeremy Reeves and Bill Woodward of Inverness Properties handled the transaction. Lerch Bates leased 12,985 sf at 9780 S Meridian Blvd., in Englewood. Jeremy Reeves of Inverness Properties LLC and…

CREJ

March 23, 2016
140 S. Union

Hotel company buys Union Square property for redevelopment

An industrial property in a changing part of Lakewood will undergo its own transformation following its $3.1 million sale. An affiliate of Provo, Utah-based Lodging Dynamics bought the 46,075-square-foot building on 2.76 acres at 140 S. Union Blvd. in Lakewood. It likely will raze the building to construct a hotel but will offer the building…

Jill Jamieson-Nichols

March 14, 2016

Investment sales volume hits $10.3 billion

Plentiful capital, attractive market fundamentals and low interest rates contributed to more than $10.3 billion in Denver commercial real estate transactions during 2015, and 2016 should be another solid year for investments, according to CBRE Inc.

CREJ

March 7, 2016
Summit at CTC

Summit at CTC to deliver spec small-bay industrial product

Class A industrial space for small users is coming to the Colorado Technology Center in Louisville. Summit at Colorado Technology Center will provide new space to tenants as small as 9,600 square feet. The 62,400-sf building is one of the first speculative projects for small users to break ground this development cycle. Erik Abrahamson “Over…

Jill Jamieson-Nichols

March 1, 2016
4201 Brighton Blvd.

Westfield buys 2.92 acres on Brighton Blvd. for $5.3 million

A redevelopment project in River North has grown by 2.92 acres.

Jill Jamieson-Nichols

February 29, 2016

NAIOP Colorado Awards of Achievement announced

CBRE Inc. brokers Geoff Baukol, Mike Winn and Tim Richey garnered top honors as 2015 Investment Brokers of the Year at NAIOP Colorado’s annual Awards of Achievement Thursday afternoon. Baukol was recognized as the top individual investment broker, while Winn and Richey took honors for the leading investment team in 2015. The Winn-Richey team completed…

Jill Jamieson-Nichols

February 26, 2016
Warehouse Central

Warehouse Central sells in rare central Denver investment deal

A San Francisco-based firm put up $24 million for the rare chance to buy a large, central Denver industrial property. An affiliate of Stockbridge Capital Group LLC paid $73.65 per square foot for Warehouse Central, a 325,858-sf building at 2400 W. Fifth Ave. The asset is 100 percent leased.

Jill Jamieson-Nichols

January 31, 2016
Majestic Commercenter

Medical supplies company to build 545,000 sf in Aurora

The nation’s largest privately held health care supply company will build a 545,000-square-foot warehouse/distribution center at Majestic Commercenter in Aurora. Medline Industries Inc. bought 35.6 acres of land in the master-planned business park at Interstate 70 and Tower Road and will spend the next 18 months developing the facility. “This is a very exciting project…

Jill Jamieson-Nichols

January 20, 2016
U.S. Engineering buys property in Johnstown

Mechanical contractor buys site in Johnstown

A 103,000-square-foot manufacturing building on 13.37 acres in Johnstown changed hands in a $7.7 million transaction that also included 12 acres of adjacent ground. A U.S. Engineering affiliate bought the property at 390 Mountain View Drive to expand the company’s Rocky Mountain operations. A Kansas City, Missouri-based mechanical contractor, U.S. Engineering has offices in Westminster…

Jill Jamieson-Nichols

January 19, 2016