Kentwood new office dazzles
Kentwood Real Estate's new DTC office is a mere nine-minute drive from the old space it was leasing in the Denver Tech Center. But the new space, in a brand-new $25 million office building at 4949 S. Niagara St. in the One DTC West district west of the tech center, is an entirely new experience…
Kris Oppermann Stern
June 22, 2018West End 38 breaks ground in Wheat Ridge
West End 38 recently broke ground on a key corner in Wheat Ridge. West End 38 also is a groundbreaking development in Wheat Ridge. “This is the first new market-rate, mixed-use project of any size in Wheat Ridge since the early 1990s,” said Tyler Downs, a principal of Denver-based Wazee Partners, the developer of the $40…
Kris Oppermann Stern
June 20, 2018Ultra Petroleum moving HQ to Inverness
Ultra Petroleum Corp., a battered oil-and-gas exploration company, with little fanfare, recently announced it is moving its headquarters to the Denver area from Houston. Later this year, Ultra Petroleum, which trades on NASDQ under the symbol UPL, will close its Houston office and most likely move to an existing building in the Inverness Business Park…
Kris Oppermann Stern
June 14, 2018Loup, Meranski ink a deal
Loup Development and Western Centers are a lot alike. Both Loup and Western Centers are longtime family owned commercial real estate firms with decades of history of owning and managing small shopping centers and other properties in the Denver area and Colorado. Both firms have a reputation for treating tenants in their shopping centers like…
Kris Oppermann Stern
June 12, 2018Mill Creek multifamily – Modera West Wash Park, Modera LoHi
Mill Creek Residential is on a roll in Denver, with luxury apartment towers under construction at the edge of two ends of downtown. Dallas-based Mill Creek, the nation’s second largest apartment developer in 2017, also recently sold the 275-unit Modera Observatory Park apartment community near the University of Denver for $92.5 million. I spoke to…
Kris Oppermann Stern
June 8, 2018REDI to tackle 64-acre Sheridan corridor
REDI, or the Real Estate Diversity Initiative, in the coming months will be ready to help to redefine and redevelop a 64-acre parcel along South Sheridan Boulevard that was once a bustling retail site but now is a largely desolate swath in southwest Denver. REDI, an MBA-like real estate development for women and minorities, will…
Kris Oppermann Stern
June 4, 2018Bell Tower site under contract
Bell Tower, if it had been built, arguably would have been the most architecturally unique tower ever to have graced Denver’s skyline. “The striking design and highly visible location will make it an instant landmark,” Ken Schroeppel, the creator of DenverInfill.com, told me in February 2009, when I was the real estate editor of the Rocky…
Kris Oppermann Stern
May 16, 2018Capital Markets conference coming June 5
Capital markets in commercial real estate, which has been on a bull run in Denver and nationwide, will be in the spotlight at a halfday conference June 5. More than 300 industry leaders are expected to attend the 2018 Emerging Trends in Capital Markets Summit & Expo from noon until 4:45 p.m. The conference is…
Kris Oppermann Stern
May 14, 2018Development dilemma: CREJ conference explores ‘What Would I Develop’
Development question: Does it make any sense to bring more apartments, offices, retail projects to the Denver area today? “What would I develop?" is an especially intriguing question in the Denver area today, given the number of construction cranes dotting the landscape, rising labor and land costs, and increasing opposition to development from neighborhood groups…
Kris Oppermann Stern
May 10, 2018Prologis deal for DCT second largest ever
Prologis made a true blockbuster announcement this week when it said it would pay $8.4 billion for Denver-based DCT Industrial Trust. It appears to be the second-largest industrial real estate transaction ever. Ironically, the only bigger industrial deal occurred in 2011, when AMB Property Corp. paid $8.7 billion in stock for the larger Prologis. AMB,…
Kris Oppermann Stern
May 3, 2018