Clarion makes $146.3M investment in downtown Boulder

Clarion Partners landed a three-building office portfolio in downtown Boulder for $146.3 million, or $621.72 per square foot. The deal included two of the largest office buildings downtown, 1050 Walnut and Canyon Center, along with 1900 15th St. The portfolio totals 235,316 sf. “Downtown Boulder is such a unique market. For someone to come in…

Jill Jamieson-Nichols

January 20, 2020

Western Union sells former HQ for $40 million

Western Union sold its former headquarters buildings in Englewood for $40 million. A Reno, Nevada-based group bought the 391,240-square-foot campus in Meridian International Business Center. It consists of two buildings, 192,779 and 198,461 sf, at 12500 and 12510 E. Belford Ave. Connected by a basement-level walkway, the buildings include office and data center space, a…

Jill Jamieson-Nichols

January 19, 2020

Large health care REIT buys medical buildings at Lowry

A pair of World War II-era buildings that have evolved to meet demand for medical services at Lowry sold to the country’s biggest dedicated owner and operator of medical office space. Healthcare Trust of America paid $18.85 million for Rampart Medical Campus at 125 and 130 Rampart Way in Denver. The three-story buildings comprise 69,280…

Jill Jamieson-Nichols

January 1, 2020

Kennedy Wilson fund acquires $116 million portfolio

Kennedy Wilson Fund VI, a commingled fund managed by Kennedy Wilson, has acquired a three-property commercial portfolio totaling 661,000 square feet of office, industrial and data center space for $116 million. The institutional-quality commercial campuses located in southeast Denver and Aurora expand Kennedy Wilson’s footprint in rapidly growing markets across the Western United States.

CREJ

December 30, 2019

Broe Group looks to redevelop prime Cherry Creek real estate

A prime piece of Cherry Creek North real estate is being targeted for new office development. Broe Real Estate Group is proposing an eight-story, 75,000-square-foot office building with ground-floor retail in the first phase of a redevelopment of 200, 210 and 216 Clayton St. A second phase could bring an additional 125,000 sf of office…

Jill Jamieson-Nichols

December 29, 2019

Denver on the cusp of becoming tier 1 tech hub

Denver has an incredible window of opportunity ahead of itself. Areas with high concentrations or clusters of rapidly growing tech firms have created economic growth and changed office market dynamics. Tech companies leased more than

CREJ

December 20, 2019

Office developers: Please look closer at Golden

First, there’s the hard data: There is 3 million square feet of office space with Golden addresses. Office vacancy stands at 5.4% with a 5% rental rate increase over the last year. Golden has had a positive 78,000 sf of absorption in the past 24

CREJ

December 19, 2019

Florida buyer adds Tuscany Village Center to portfolio

America’s Capital Partners purchased Tuscany Village Center, a standout office building next to Fiddlers Green Amphitheatre, for $64.85 million. The Florida-based company bought the 257,875-square-foot Class A building at 6312 Fiddlers Green Circle in Greenwood Village from Crescent Real Estate LLC. The price equals $251.48 per sf. Tuscany Village Center is located in the Fiddler’s…

Jill Jamieson-Nichols

December 16, 2019

How tariffs may stunt construction & leasing

Regardless of political leanings, American companies are girding for a rough ride if the tariff situation bleeds into the new year. After some 17 months, the Trump administration’s cat-and-mouse trade war with China shows few signs of resolution

CREJ

December 16, 2019

Space invaders! Tech ‘aliens’ abduct office space

Snowflake, Robinhood, Freshworks, Checkr, Udemy, Snapdocs, Fastly, Pivotal, Slack, Salesforce, Gusto, Xactly. To the naked eye, this looks like a menu of available options for Playstation or XBox. To the Denver commercial real estate

CREJ

December 15, 2019