Land market taking center stage at CREJ conferences
Land demand in the Denver area is off the charts. “On activity, it probably is record as far as buyers of land," said Mike Kboudi, a land broker with Cushman & Wakefield. Competition is fierce. "It is really hard to get a good piece of ground,” said Kboudi, who during the past five years has sold…
Kris Oppermann Stern
May 11, 2017Northern I-25 corridor steaming ahead
The Northern Colorado Interstate 25 corridor always seems to be on the verge of taking off. "That whole northern I-25 corridor is red-hot," according to a prominent commercial real estate consultant. She told me that in 2003, when I was the real estate editor of the Rocky Mountain News. Anyone who makes the drive from…
Kris Oppermann Stern
May 9, 2017Paid parking no ploy to redevelop Cherry Creek Shopping Center
Ever since I broke the story last July that the Cherry Creek Shopping Center would begin charging for parking in 2017, shoppers and many tenants in Denver’s premier mall have been, shall we say, upset. Last month, an ipetitions.com site was launched to try to convince Cherry Creek to once again provide free parking, as…
Kris Oppermann Stern
May 4, 20171031 exchanges may be axed by Trump’s tax plan
Riki Hashimoto’s phone was ringing off the hook late last week. Anxious investors had one question for the commercial real estate broker after President Donald Trump released his still skeletal outline for tax reform last Wednesday: “Are 1031 exchanges going away?” While a lot of media ink was devoted to things like the proposed 15…
Kris Oppermann Stern
May 1, 20171031 exchanges may be axed by Trump’s tax plan
Riki Hashimoto’s phone was ringing off the hook late last week. Anxious investors had one question for the commercial real estate broker after President Donald Trump released his still skeletal outline for tax reform last Wednesday: “Are 1031 exchanges going away?” While a lot of media ink was devoted to things like the proposed 15…
Kris Oppermann Stern
May 1, 2017Majestic lives up to its name with giant warehouse
Majestic Realty Co. is living up to its name with a giant warehouse on its drawing board. Consider: The warehouse is the size of almost 13 football fields; It could store 10 Statute of Liberties; The amount of steel used to construct it could build 1,883 Priuses; The asphalt required could build a 20-foot-wide road…
Kris Oppermann Stern
April 29, 2017Majestic lives up to its name with giant warehouse
Majestic Realty Co. is living up to its name with a giant warehouse on its drawing board. Consider: The warehouse is the size of almost 13 football fields; It could store 10 Statute of Liberties; The amount of steel used to construct it could build 1,883 Priuses; The asphalt required could build a 20-foot wide…
Kris Oppermann Stern
April 27, 2017Flight taking off at Taxi
Freight was the only multitenant, speculative office building under construction in Denver during the Great Recession, recalled Kyle Zeppelin, on a recent pleasant spring afternoon, as he sipped an espresso in the Black Black Coffee shop in the mixed-use Taxi development. Freight was 100 percent leased even before it opened in Taxi. Now, Zeppelin, the son…
Kris Oppermann Stern
April 25, 2017Niederman bullish on commercial real estate
There are plenty of shiny, new office towers sprouting along the southeast corridor where Peter Niederman could easily lease 25,000 square feet for his residential real estate firm. So why did Niederman, CEO of Kentwood Real Estate, one of the nation’s most successful residential real estate firms, instead decide to build his own office building,…
Kris Oppermann Stern
April 20, 2017Historic district dissent in NW Denver
Historic district dissent. Last week, West Highland neighbors filed a draft application with Denver Community Planning and Development to create another historic district in the Northwest Denver neighborhood. Although the application will likely will be revised to a certain extent, it does not sit well with Kevin O’Connell, a 22-year resident of what could become…
Kris Oppermann Stern
April 18, 2017