Melcor buys SE assets for $26.45 million
A 93-year-old real estate company expanded its Denver metro holdings with two office properties in the southeast suburban submarket.
Kris Oppermann Stern
March 15, 2016Light rail’s impact on office is undeniable
In the past five years, prices for the land surrounding light-rail stations have doubled and, in some areas, tripled on a cost per-square-foot basis. One example is the Village Center Station near the Arapahoe light-rail station. About four years ago, the land was valued around $21 a square foot, and now it’s $60 a sf, said Tim Harrington, executive managing director of Newmark Grubb Knight Frank. At the other end of the line, property downtown within proximity of light rail has skyrocketed. It now ranges from $300 to $600 a sf.
Kris Oppermann Stern
March 14, 2016Investment sales volume hits $10.3 billion
Plentiful capital, attractive market fundamentals and low interest rates contributed to more than $10.3 billion in Denver commercial real estate transactions during 2015, and 2016 should be another solid year for investments, according to CBRE Inc.
CREJ
March 7, 2016Financial services firm signs long-term lease for 31,200 sf
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Kris Oppermann Stern
March 1, 2016NAIOP Colorado Awards of Achievement announced
CBRE Inc. brokers Geoff Baukol, Mike Winn and Tim Richey garnered top honors as 2015 Investment Brokers of the Year at NAIOP Colorado’s annual Awards of Achievement Thursday afternoon. Baukol was recognized as the top individual investment broker, while Winn and Richey took honors for the leading investment team in 2015. The Winn-Richey team completed…
Kris Oppermann Stern
February 26, 2016Granite Place at Village Center gets underway
Construction of the newest speculative office building in the southeast suburban market is under way in the heart of Greenwood Village. (Photos courtesy of dovetail solutions)
Kris Oppermann Stern
February 18, 2016World Trade Center Denver picks RiNo site
The World Trade Center Denver has selected a transit-oriented development site at 38th and Blake Street in the revitalized River North Art District neighborhood for a New World Trade Center Denver Global Campus.
Kris Oppermann Stern
February 17, 2016Saunders launches development platform with new headquarters
One of Colorado’s top general contractors, which recently launched a development services platform, is planning a new $9.5 million headquarters building in Englewood.
Kris Oppermann Stern
February 15, 2016DPC switches gears with Carrara buy
DPC Development Co. switched gears with the $41.65 million purchase of a first-class Greenwood Village office building. DPC bought Carrara Place, a 237,681-square-foot building at 6200 S. Syracuse Way. Prudential Real Estate sold the Class A building for $175.23 per sf. “We think it’s one of the best buildings in that Greenwood Village submarket,” said…
Kris Oppermann Stern
February 13, 2016Point Belleview office/retail asset trades for $6.75 million
An owner who created a great turnaround story for an office/retail building in Aurora sold the property for $6.75 million, or $193 per square foot. Point Belleview, located at 5001 S. Parker Road, is a 34,806-sf, two-story building with excellent visibility along South Parker Road. The developer who completed the project in 2006 lost it…
Kris Oppermann Stern
February 10, 2016