Denver tops retail square feet decline
Denver, or perhaps Dallas, has more square feet of retail space per capita than any other city in the U.S. I first heard that when I was the real estate editor of the Rocky Mountain News in the early 1980s. I heard that Denver was either No. 1 or No. 2 multiple times in the…
Kris Oppermann Stern
October 17, 2018Emerging Trends ranks Denver in top 10
Denver made the Top 10 list in the latest Emerging Trends in Real Estate 2019 report, which was released Wednesday. Denver was ranked No. 8 of 79 metropolitan statistical areas in the comprehensive Emerging Trends report released by PwC US and the Urban Land Institute. In the Rocky Mountain region, Denver ranked first of eight…
Kris Oppermann Stern
October 11, 2018John Blumberg of Black Creek remembered
“Frankly, most people in the business probably don’t know we’re out there,” John Blumberg told me 18 years ago. I was the real estate editor of the Rocky Mountain News and Blumberg was thrilled that a business-to-business site that facilitated the private placement of commercial real estate capital and was owned by his Denver-based Black…
Kris Oppermann Stern
October 10, 2018Colorado State Bank Building hits the market
The Colorado State Bank building, a 26-story office tower that takes its name from its anchor tenant, has hit the market. The 445,595-square-foot Colorado State Bank Building is owned by LBA Realty, based in Irvine, Calif. “LBA Realty started buying distressed properties around 2002” and continued its buying spree for the next decade, according to…
Kris Oppermann Stern
October 9, 2018EKS&H headlines CREJ tax reform conference
Executives from accounting firm EKS&H will dominate the upcoming tax reform conference sponsored by the Colorado Real Estate Journal. Denver-based EKS&H is a nationally recognized professional services firm providing audit, […]
Kris Oppermann Stern
October 3, 201810,000 making waves in apartment circles
Ten Thousand Waves is a world-class resort on a mountain road in Santa Fe. But what is really making waves in Denver apartment circles is the number 10,000. Specifically, the observation by apartment guru Cary Bruteig that developers can’t build much more than 10,000 units in the Denver area has given developers much more confidence…
Kris Oppermann Stern
October 1, 2018Look at last Union Station development site
The clock is ticking on an opportunity to buy a parking lot at 19th Street and Walnut Place that is described as the last development parcel available near Denver Union Station. Offer are due this Thursday, Sept. 27, for the 16,091-square-foot parking lot at 2001 19th St. and 1903 Chestnut Place. The property, which is zoned for a…
Kris Oppermann Stern
September 26, 2018Flywheel Capital assembles key site
Flywheel Capital, a Denver-based private real estate investment group created slightly more than a year ago, recently completed an assemblage of almost 4 acres on the southwest corner of East Evans Avenue and south Interstate 25. “It’s Main and Main,” said Ben Hrouda, founder and managing partner of Flywheel. In total, Flywheel and its development…
Kris Oppermann Stern
September 24, 2018Kairoi loves Denver
Kairoi (pronounced KY-roy) is a Greek word that means moments in time when opportunities are seized. Kairoi also is the new name of a San Antonio-based multifamily developer that has a growing presence in Denver. Kairoi is the perfect name change for Lynde, according to Sam Kasparek, a managing partner at Lynd and now at Kairoi.…
Kris Oppermann Stern
September 17, 2018Buyer drills Bell Park site
The mystery buyer who has the prominent “Bell Park” site along Speer Boulevard under contract has taken a preliminary, but necessary, step in buying one of the most high-profile sites in downtown Denver. The unidentified buyer hired the firm Terracon Co., which on Monday was boring 80 feet under the surface of the site to…
Kris Oppermann Stern
September 11, 2018