Crescent pays $16.25 million for Flatiron Park building

Crescent Real Estate LLC added to its sizable portfolio in Flatiron Park with the $16.25 million acquisition of a two-story office building. Crescent, through GPIF 5777 Flatiron LLC, bought 5777 Central Ave. from BMC Properties LLC, a Chrisman Commercial affiliate. The acquisition brings Crescent’s Flatiron Park portfolio to more than 900,000 square feet in some…

Jill Jamieson-Nichols

March 30, 2020

DPC Cos. buys 4601 DTC from longtime owner LBA Realty

LBA Realty parted with a Class A office building that it had owned for more than 20 years. LBA sold 4601 DTC Blvd. to Denver-based DPC Cos. for $46 million. The 249,449-square-foot building is located in the northern end of the Denver Tech Center, an area in which DCP has been active over the last…

Jill Jamieson-Nichols

March 30, 2020

TerraCap buys Cherry Creek Plaza at $54.5 million

TerraCap Management LLC continues to build its Denver portfolio, acquiring Cherry Creek Plaza I and II for $54.59 million, or $162.93 per square foot. The 335,059-sf office property is the Florida-based company’s third acquisition in just over six months. TerraCap bought Denver Corporate Center II and III for $71.71 million last August, following up with…

Jill Jamieson-Nichols

March 29, 2020

Rapidly increasing tax assessments hit real estate

As property values throughout Colorado continue to soar, property taxes now are higher than ever. Commercial property in Denver is taxed at a 29% assessment rate, multiplied by the mill levy.

CREJ

March 23, 2020

Rising construction costs impact capital markets

Denver is in the midst of strong development in nearly all commercial real estate asset types. In conjunction with high development demand comes increased, and still increasing, construction pricing.

CREJ

March 20, 2020

Keeping Denver on the menu

After enjoying consecutive years as one of the hottest markets in the country for investment and corporate real estate relocations and expansions, it appears there is a sense of market maturity among

CREJ

March 16, 2020

2020 vision: Economic forecast for metro Denver

Is our vision crystal clear or clouded by contradictory information in 2020? Slower growth in China and other key trading partners, tariffs and trade disputes, market disruptions due to COVID-19 and

CREJ

March 16, 2020

Howell Construction completes Comcast’s corporate office renovation in Denver

Howell Construction completed Comcast’s occupied, 135,000-square-foot corporate interior renovation, as well as the removal and replacement of the parking lot at its Denver Iliff location. Howell worked with Comcast, JLL and Acquilano to develop a project plan that executed the client’s vision on time and within budget.

Kris Oppermann Stern

March 15, 2020

Technology sector influences creative office space

Over the past few decades, technology has grown explosively, becoming ubiquitous in our professional and personal lives. As an economic engine, the technology sector is potent – a fast-growing, high-wage,

CREJ

March 15, 2020

Medical office building in Denver West trades for $5.7M

Denver West’s owners sold a medical office building within the 83-acre office park for $5.7 million, or $150.44 per square foot. Denver West MOB LLC, an affiliate of Texas-based Pinecroft Realty, bought Building 55, a 37,890-sf building at 13772 Denver West Parkway in Lakewood, from a partnership of DPC Cos. and Bridge Investment Group. Chris…

Jill Jamieson-Nichols

March 15, 2020