Success of new, newly renovated Denver buildings
Office investors continue to ask themselves where they can find opportunity in the metro’s rapidly developing markets.
CREJSeptember 15, 2019
Elitch redevelopment to change Denver – but before the cycle ends?
In December 2018, Denver City Council approved a rezoning for the 62-acre parcel that is currently home to the Elitch Gardens amusement park, the first step toward realizing a massive urban reconfiguration that developer Revesco Properties is calling “The River Mile.”
CREJSeptember 15, 2019
Where are large blocks of urban office space?
Since the market began to rebound in 2011, Denver’s landscape has changed significantly, both economically and physically.
CREJSeptember 15, 2019
Denver Corporate Center II & III fetch $71.71 million price
Florida-based TerraCap Management LLC entered the Denver market with the $71.71 million purchase of Denver Corporate Center II and III. “We feel there are some great opportunities in Denver, particularly with these assets,” said Steve Good, TerraCap partner and director of acquisitions. “We like both the short- and long-term growth aspects of the market and…
Jill Jamieson-NicholsSeptember 15, 2019
Partnership to acquire, finish The Offices at Victory Ridge
A partnership is set to bring a Colorado Springs office property across the finish line. Tulsa, Oklahoma-based Carpathia and Colorado Springs based Mission Hill Capital have gone under contract on The Offices at Victory Ridge. The unfinished office property, located at 10855 Hidden Pool Heights, at the intersection of Voyager and Interquest parkways in northern…
Jennifer HayesSeptember 15, 2019
Granite Properties buys Regency Plaza for $71.25 million
Granite Properties has acquired Regency Plaza, a 319,000 square-foot, Class A, LEED Gold certified office building in the Denver Tech Center. Granite will reposition the building through significant planned improvements to enhance the customer experience. Tim Richey, Mike Winn, Jenny Knowlton, Charley Will and Chad Flynn of CBRE represented the seller, Barings, one of the world’s largest diversified real estate investment managers, on behalf of institutional investors. Stephanie Lawrence, senior managing director, Paul Bennett, senior director of investments, and Patrick Miller, investment associate, of Granite Properties represented Granite. Bob Whittelsey and Abby Patillo of Colliers International will lead the leasing of Regency Plaza. “Regency Plaza is a trophy asset with an incredible presence in the Denver Tech Center,” said Lawrence. “We look forward to repositioning Regency Plaza through a significant improvement plan designed to meet the needs of today’s workforce,” she added.
Jill Jamieson-NicholsSeptember 12, 2019
DPC to jazz up retail corner at latest Cherry Creek building
DPC Cos. already is at work on its latest acquisition in Cherry Creek – the 122,788-square foot office building at 400 S. Colorado Blvd. in Glendale. “Literally the day we closed we went in and started demoing the tired, obsolete spaces,” said DPC President Chris King, whose company has repositioned three other Cherry Creek assets.…
Jill Jamieson-NicholsSeptember 7, 2019
Office condos to offer ‘home away from home’ in CTC
What if work were a home away from home? That’s the idea behind a luxury office condominium development in Louisville, a place with percolating ponds, expansive Front Range views and a “grotto” versus a lobby. Michael Eisenstein of Land Capital LLC, in partnership with Jason Collier, expects to break ground in approximately nine months on…
Jill Jamieson-NicholsSeptember 6, 2019
The Hub: RiNo’s Biggest, Newest Office Buildings Fit Right In
Denver’s gritty and funky River North neighborhood, one-time warehouse district now hipster central, has been going through a makeover for the last decade. But, after last month’s $86 million sale of 13-acres in Denargo Market for a “game-changing development,” it’s clear that RiNo’s pace of grunge-to-upscale might be kicking into overdrive.
Building DialogueAugust 30, 2019
Equus buys, updates Gateway Centre
Gateway Centre, a four-building office park at the doorstep of Denver International Airport, changed hands for $45.6 million. An affiliate of Equus Capital Partners Ltd., a Pennsylvania-based private real estate investment fund manager, bought the 299,614-square-foot property from EQ Office in a deal that piqued interest from private, domestic funds due to the quality, location…
Jill Jamieson-NicholsAugust 21, 2019