CBRE Research forecasts solid growth, strong appetite for Denver assets
Growth in Denver's economy and most commercial real estate product types will continue through 2017, according to CBRE Research's 2017 Denver Market Outlook. In the office sector, more than 2.2 million square feet of speculative construction is expected to deliver in 2017, 1.9 million sf of it in suburban markets. With just 26 percent of new product preleased at…
CREJ
March 28, 2017
Colorado School of Mines strikes gold with acquisition of 1600 Jackson St.
Jefferson County Property Location: 1600 Jackson St., Golden Property Description: *32,416-sf, three-story office building, YOC 1981 Land Size: 46,146 sf Sales Price: $4.9M, or $151.16 psf Reception No.: 2017028896 Grantor: Pres Jackson LLC, Ronald Katz, mgr., St. Helena, CA 94574 Grantee: The Colorado School of Mines Closing Date: 3/20 Financing: Cash Comments: See APN: 30-342-11-027 & 30-342-11-065. Property…
John Winslow
March 27, 2017
Silverthorne making history with downtown plans
Teams from Milender White and the St. Charles Town Co. recently made the 67-mile trip to Silverthorne to make pitches on redeveloping the heart of the downtown of the Summit County community. Milender White and the St. Charles Town Co. were the two group that responded to a request for proposals to redevelop about 3.25 acres…
Kris Oppermann Stern
March 21, 2017
Millenials making it in Mile High
Millennials. Every city wants them. Denver is actually getting them. A fair share of the 10,000 or so people moving to the Mile High City every month are in the coveted demographic group. Many of these millennials are renters, good news for the Denver area multifamily market. “Millennials are the biggest generation ever” and also…
Kris Oppermann Stern
March 20, 2017
Developers plan to break ground on The Aurora Highlands
An investment group called Aurora Highlands LLC plans to begin developing The Aurora Highlands, a 2,900-acre mixed-use, master-planned community in 2017, pending final approval and support from the city of Aurora and Adams County. The community will be an integral piece of the larger 21,000-acre Aerotropolis development currently being planned south of Denver International Airport.…
CREJ
March 15, 2017Washington named market director for JLL’s Rocky Mountain Region
Paul Washington, executive director of the Denver Office of Economic Development, has accepted the role of JLL market director for the Rocky Mountain Region. Paul Washington “As head of the Denver Office of Economic Development, part of my mission was to provide resources to help Colorado businesses and communities thrive, and I see this new…
CREJ
March 14, 2017
Inverness pioneer John O’Meara recalled
“There will never be a better day.” Friends of the late John O’Meara merely had to repeat that quote, “There will never be a better day,” and everyone knew exactly what they were talking about. Those seven words captured the spirit and drive of O'Meara. O’Meara, also known as “Mr. Inverness,” a pioneer of the…
Kris Oppermann Stern
March 14, 2017
Cascades marks $63 million entrance into Denver market
A suburban Class A office building that has seen a surge of leasing activity has been acquired for $63 million, an impressive increase over the price it achieved last year. America’s Capital Partners bought the Cascades, a 348,760-square-foot building at 6300 S. Syracuse Way in Centennial, from Alliance Bernstein for $180.64 per sf. The asset…
Kris Oppermann Stern
March 13, 2017
NGKF: Rates for first-class office space top $50 per sf
Rates top $50 per sf in Denver for first time Denver’s office market ended the year with 631,642 square feet of absorption, and vacancy stands at 14 percent. In the CBD, ask rates in some of the super premium buildings have breached $50 per square foot, a level never before seen in Denver. In Cherry Creek, Class…
CREJ
February 28, 2017
Schroeppel addresses urban issues
Denver seems to be getting a bad rap for new ugly buildings.
Kris Oppermann Stern
February 28, 2017
