Flywheel to start spec office development

The first speculative office development in nearly a decade in Colorado Springs is set to break ground in January. Flywheel Capital plans to break ground on Peak Technology Campus, a 210,000-square foot, Class A project in Peak Innovation Park, the 900-acre master-planned business park at the entrance of the Colorado Springs Airport. The spec development […]

Jennifer Hayes

November 30, 2020

Two-property DTC portfolio sells for $28M

A national investment management company acquired two Denver Tech Center office properties in a $28.7 million portfolio sale. TerraCap purchased a two-building, Class A office portfolio totaling 181,000 square feet at 5575 DTC Parkway and 4949 S. Syracuse St. from seller CapRidge Partners. Tim Richey, Charley Will, Jenny Knowlton and Chad Flynn of CBRE represented […]

Jenna Walters

November 30, 2020

Developers secure first office tenant at 9+CO project

An oil and gas company will occupy more than half of the office space at a new mixed-use development at the intersection of East Ninth Avenue and Colorado Boulevard. NGL Energy Partners leased 48,000 square feet of office space at 9+CO, the 26-acre urban infill project at the site of the former University of Colorado […]

Jenna Walters

November 16, 2020

Patriot Park VI office sells for $24.25 million

A Virginia-based private investment group made its first Colorado acquisition with its record-setting purchase of Patriot Park VI. The 103,970-square-foot office building at 655 Space Center Drive in Colorado Springs sold for $24.25 million, according to public records – setting what is believed to be a high-water mark for an office building in the Springs’ […]

Jennifer Hayes

November 2, 2020

Re/Max of Cherry Creek buys office, will relocate next year

After 40 years in business, Re/Max of Cherry Creek has purchased its first office asset with plans to relocate its operations to the property next year. Under the entity name Cherry Tree Ventures LLC, Re/ Max of Cherry Creek and its investment partner, Orange Coast Title, purchased the 6,935-square-foot, Class B office building at 100 […]

Jenna Walters

October 19, 2020

Greenwood Village office asset sells, will undergo rebranding

An out-of-state buyer expanded its Colorado portfolio with the purchase of a value-add office asset in Greenwood Village. Pantheon Viewpoint LLC purchased Syracuse Hill III, the 46,187-square-foot, Class B office property at 6161 S. Syracuse Way, from seller T&S Properties for an undisclosed amount. John Witt and Ben Swanson of Quiver Investments represented the buyer, […]

Jenna Walters

October 5, 2020

How properties are managing through COVID-19

As the repercussions of COVID-19 began to unfold, CBRE – and the world – saw building after building close in quick succession. Property managers rushed skillfully in the flurry of closings to identify crisis procedures and plan what

CREJ

October 4, 2020

Health, safety take center stage with new initiatives

As an office building owner with five high-quality office buildings in Denver, we consider the health and wellness of our customers a top priority. This is why our company launched a comprehensive program entitled “Inspire Wellness”

CREJ

September 25, 2020

Market snapshot: Tenant considerations for office

While the pandemic has changed many aspects of our society in a short amount of time, the substantial impact on the office market is among the most staggering for the commercial real estate industry. Within days of shelter-in-place

CREJ

September 21, 2020

2020 election: 1031 exchange on the chopping block?

It’s the time of year when politicians are outlining their vision for the future and plans to get there. One such plan recently introduced by a 2020 presidential candidate has caused some uncertainty around the future of capital gains

CREJ

September 18, 2020