Geller: 1,000-foot skyscraper deal dead
The deal for an 81-story, 1,000-foot skyscraper proposed to be developed in the heart of downtown Denver is dead, the owner of the land said Thursday afternoon. Buzz Geller, whose Paradise Land Co. is the owner of the 25,047-square-foot parcel at 1650 17th St., said he has put the land back on the market for…
Kris Oppermann Stern
March 2, 2018Tower at 1670 Broadway hits market
Tower power. The 36-story 1670 Broadway office tower is on the market. The tower is being listed by the CBRE team of Mike Winn, Tim Richey, Chad Flynn, and Jenny Knowlton. The office building is a true trophy tower. Indeed, a 4:14 minute video of 1670 Broadway describes it is as a “coveted Class A…
Kris Oppermann Stern
March 1, 2018CREJ’s single-tenant NNN conference on tap
Single-tenant triple-net (NNN) investments are “like the bonds of commercial real estate investing,” according to Drew Isaac. And with the stable income generated by leases from national tenants such as Walgreens and Starbucks, they are increasingly popular with investors seeking higher yields than they can achieve from Treasurys and many other fixed-income vehicles, but with…
Kris Oppermann Stern
February 19, 2018Multifamily conference coming March 8
Multifamily mystery. Stock market volatility. Interest rates rising. Tax law changes. These are just three macroeconomic variables that could impact the multifamily market in the Denver area as well as the nation. The impacts of this trifecta of changes are likely to be topics touched upon by more than a dozen experts who will address…
Kris Oppermann Stern
February 15, 2018Roof replacements to cost a lot of green
Roof replacements in Denver rolled out to what may have been a record in 2017. The city of Denver issued 18,475 permits for new roofs last year, 54.6 percent more than the 12,016 in 2016, according to data from Denver Community Planning and Development. Overall, permit activity in Denver was up 17 percent in 2017…
Kris Oppermann Stern
February 13, 2018Condo boutiques like Ivy next wave in Denver
Condo fever is sweeping the Denver area market in the wake of legislators addressing the construction defect issue almost a year ago. JK – just kidding, as my daughter used to say when she was in elementary school. Last year and in 2016, condo construction represented a mere 6.7 percent of the residential homebuilding activity…
Kris Oppermann Stern
February 5, 2018Amazon – Denver’s chance to land a Blue Whale
Amazon is amazing. I admit it. I’m an Amazon junkie. I use Amazon Prime almost daily, it seems, to order everything from organic dog food to solar-powered lights. I’ve binged on Amazon originals like "The Man in the High Castle" and "The Marvelous Mrs. Maisel." I only wish I had followed the old Peter Lynch maxim to…
Kris Oppermann Stern
February 1, 2018Conference examines changing face of retail
Retail, in Denver and across the U.S., faces perhaps the biggest challenges of any of the commercial real estate food groups. Multifamily, office and industrial are impacted by supply and demand, as well as economic fundamentals, as is retail. But retail also has unique challenges from e-commerce, especially from Amazon. After all, people will always need…
Kris Oppermann Stern
January 22, 2018Property management conference to draw 500+
Property management has evolved a lot during the past 15 years. And during that time period, thousands of property management experts have learned and benefitted from the knowledge of experts in the field at Colorado Real Estate Journal property management conferences. “This is going to be our 15th anniversary,” Steve Sessions said about the upcoming property…
Kris Oppermann Stern
January 17, 2018Stevinson driving force behind Denver West
Denver West was perhaps a decade old in the early 1980s when I toured the office park with its founder, Chuck Stevinson. With my reporter notebook in hand, I sat in the passenger seat of Stevinson’s brand-new Jaguar. His son, Greg, sat in the backseat. The elder Stevinson said that the Jaguar was a bit…
Kris Oppermann Stern
January 15, 2018