Crossroads office building sells at near-record price per sf
An 11,978-square-foot office building in eastern Loveland sold for $4.05 million, representing a near-record price of $338.37 per sf. SRI Investments/Stucco Rite Inc., a Colorado-based investment company, sold the multitenant, Class A building at 4090 Clydesdale Parkway to First American Exchange Co. Jared Goodman “The beautiful building has attracted quality tenants and is at the…
Kris Oppermann Stern
April 2, 2020Crescent pays $16.25 million for Flatiron Park building
Crescent Real Estate LLC added to its sizable portfolio in Flatiron Park with the $16.25 million acquisition of a two-story office building. Crescent, through GPIF 5777 Flatiron LLC, bought 5777 Central Ave. from BMC Properties LLC, a Chrisman Commercial affiliate. The acquisition brings Crescent’s Flatiron Park portfolio to more than 900,000 square feet in some…
Kris Oppermann Stern
March 30, 2020DPC Cos. buys 4601 DTC from longtime owner LBA Realty
LBA Realty parted with a Class A office building that it had owned for more than 20 years. LBA sold 4601 DTC Blvd. to Denver-based DPC Cos. for $46 million. The 249,449-square-foot building is located in the northern end of the Denver Tech Center, an area in which DCP has been active over the last…
Kris Oppermann Stern
March 30, 2020TerraCap buys Cherry Creek Plaza at $54.5 million
TerraCap Management LLC continues to build its Denver portfolio, acquiring Cherry Creek Plaza I and II for $54.59 million, or $162.93 per square foot. The 335,059-sf office property is the Florida-based company’s third acquisition in just over six months. TerraCap bought Denver Corporate Center II and III for $71.71 million last August, following up with…
Kris Oppermann Stern
March 29, 2020Rapidly increasing tax assessments hit real estate
As property values throughout Colorado continue to soar, property taxes now are higher than ever. Commercial property in Denver is taxed at a 29% assessment rate, multiplied by the mill levy.
CREJ
March 23, 2020Rising construction costs impact capital markets
Denver is in the midst of strong development in nearly all commercial real estate asset types. In conjunction with high development demand comes increased, and still increasing, construction pricing.
CREJ
March 20, 2020Keeping Denver on the menu
After enjoying consecutive years as one of the hottest markets in the country for investment and corporate real estate relocations and expansions, it appears there is a sense of market maturity among
CREJ
March 16, 20202020 vision: Economic forecast for metro Denver
Is our vision crystal clear or clouded by contradictory information in 2020? Slower growth in China and other key trading partners, tariffs and trade disputes, market disruptions due to COVID-19 and
CREJ
March 16, 2020Howell Construction completes Comcast’s corporate office renovation in Denver
Howell Construction completed Comcast’s occupied, 135,000-square-foot corporate interior renovation, as well as the removal and replacement of the parking lot at its Denver Iliff location. Howell worked with Comcast, JLL and Acquilano to develop a project plan that executed the client’s vision on time and within budget.
Kris Oppermann Stern
March 15, 2020Technology sector influences creative office space
Over the past few decades, technology has grown explosively, becoming ubiquitous in our professional and personal lives. As an economic engine, the technology sector is potent – a fast-growing, high-wage,
CREJ
March 15, 2020