Office rents up, absorption down, according to JLL summary
While Denver’s economy – and rental rates for office space – remain strong, the office market saw negative absorption in the first quarter of the year, largely due to sublease space becoming vacant, according to JLL’s Office Insight summary. The average direct asking rate for office space in the Denver metro continued to climb in…
CREJ
April 8, 2016The Winslow Report 4-5-16
The Winslow Report, authored by John V. Winslow, CRE, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of…
John Winslow
April 5, 2016How to make your spec suite investment successful
Spec suites – spaces that are built out by a building owner for the purpose of marketing a vacant suite or floor – are growing in popularity and in size, with new projects devoting entire floors and buildings to spec space.
Kris Oppermann Stern
April 4, 2016Denver Tech buildings fetch $40.54 million
A Denver Tech Center office property captivated investors willing to take on big risk for the sake of reward. Denver Corporate Center II and III ended up in seemingly logical hands with DPC Development Co. and longtime partner Bridge Investment Group Partners paying $40.54 million for the buildings at 7800 and 7900 E. Union Ave.,…
Kris Oppermann Stern
April 4, 2016The office ‘fun’ factor: Why does it matter?
I recently moderated a panel at the Colorado Real Estate Journal’s 13th Annual Property Management Symposium. The panel, comprising Doug Wulf of Cushman & Wakefield, Jamie Gard of NGKF and Alec Wynne of Avison Young, was focused on the competitive nature of office spaces in the current market.
CREJ
April 3, 2016How the next evolution of workplace builds community
For decades a symbol of achievement in the working world has included securing the coveted corner office.
CREJ
April 2, 2016Commercial real estate wrap-up 4-1-16
Following are recent transactions reported to CREJ. Office Cybertech Inc. leased 7,079 square feet at 2821 S. Parker Road, Suite 1105, in Aurora. Eric Gold of API Sheldon-Gold Realty Inc. represented the landlord. Kforce Inc. leased 7,900 sf at 5680 Greenwood Plaza Blvd. in Greenwood Village. Courtney Hasson, Nathan Johnson, Jamie Gard and Casey Grosscope…
CREJ
April 1, 2016Denver ranks high among investors, says CBRE
Denver ranked among the top 10 markets in the Americas for commercial real estate investment in 2016, according to a new report by CBRE Inc. The CBRE Americas Investor Intentions Survey 2016 captured investment sentiment and expected activity of nearly 500 investors focused on the Americas. Most expect to remain very active this year in…
Kris Oppermann Stern
March 28, 2016Commercial real estate wrap-up
Following are recent office and industrial transactions reported to CREJ. Office The General Services Administration renewed its lease for 19,076 sf at 56 Inverness Drive East in Englewood. Jeremy Reeves and Bill Woodward of Inverness Properties handled the transaction. Lerch Bates leased 12,985 sf at 9780 S Meridian Blvd., in Englewood. Jeremy Reeves of Inverness Properties LLC and…
CREJ
March 23, 2016CBRE leases downtown space for new ‘free-address’ offices
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Kris Oppermann Stern
March 15, 2016