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Light 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, 2016

Investment 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, 2016
7926 S. Platte Canyon Road

Financial services firm signs long-term lease for 31,200 sf

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

March 1, 2016

NAIOP 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, 2016

Granite 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, 2016
World Trade Center

World 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, 2016
Saunders headquarters

Saunders 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, 2016
Carrara Place

DPC 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, 2016
Point Belleview

Point 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

Sidford Capital bets neighbors’ rising rents will benefit Uptown

An Uptown Denver office building that’s been under the same ownership for 18 years sold to a local group that expects to capture smaller tenants priced out of neighboring office submarkets.

Kris Oppermann Stern

February 3, 2016