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

Pickard Chilton-designed 1144 Fifteenth garners national attention as top 10 project

Pickard Chilton’s 1144 Fifteenth, a 40-story, 1.2 million-gross square-foot office tower project in Colorado that the firm designed for Hines, has been ranked fifth on Emporis’ 2018 Top Ten Skyscrapers List.

Kris Oppermann Stern

December 9, 2019

Perlmutter launches office building in River North

Paradigm River North, with 192,000 square feet of creative space, is the latest office building planned for River North. The eight-story building by Jordon Perlmutter & Co. is targeted for a 31,255-sf site at 3400 Walnut St. It will feature 25,000-sf floor plates, 12,000 sf of curated ground floor retail/restaurant space, and extensive private terraces and balconies.

Jill Jamieson-Nichols

December 7, 2019

Nurturing talent at heart of Schnitzer West office towers

Schnitzer West has announced plans for three 16-story office towers designed to appeal to millennial workers migrating to the suburbs in search of housing and easy commutes. Westray, born from the idea of looking west, will consist of approximately 850,000 square feet of Class A office space on 11 acres at 6363 Greenwood Plaza Blvd. in Centennial. The site is across the street from Fiddler’s Green Amphitheatre and just west of the Arapahoe at Village Center lightrail station.

Jill Jamieson-Nichols

December 4, 2019

Meadows office/retail center changes hands at $9.62M

A 1031 exchange buyer paid $9.62 million, or $369.53 per square foot, for Meadows Town Center I, a 26,033-sf office/retail property in Castle Rock. Located at 3911 Ambrosia St., at the entrance to The Meadows community, Meadows Town Center I includes two buildings connected by a second-floor hallway. The buildings are 100% leased to five…

Jill Jamieson-Nichols

December 1, 2019

Lowe pays $62.25M for 7979 E. Tufts Ave. in Denver

Los Angeles-based Lowe purchased 7979 E. Tufts, an 18-story office tower in the Denver Tech Center, for $62.25 million, according to Denver County records. Also known as Stanford Place II, the 366,184-square-foot Class A office building is located off Interstates 25 and 225. Western Union is a major tenant. “Denver is a solid office market…

Jill Jamieson-Nichols

November 30, 2019