Headline News

World Trade Center full-steam ahead for 2021 opening

Jill Jamieson-Nichols

July 16, 2019

Newmark Knight Frank arranges $81 million loan for 255 St. Paul

Jennifer Hayes

July 14, 2019

Milender White breaks ground on $78M Parkside @ City Centre

Milender White broke ground on the construction of Parkside @ City Centre. A future transit-orientated community located at 14531 E. Alameda Ave., Parkside will feature 216 market-rate, multifamily apartments and 36,000 square feet of retail on 5.6 acres.

Kris Oppermann Stern

July 14, 2019

Who’s News

    Zoellner to chair Colorado District Council of Urban Land Institute

    Mike Zoellner of ZF Capital will become chair of the Colorado District Council of the Urban Land Institute. He succeeds Tracy Huggins, executive director of the Denver Urban Renewal Authority, who served in that role since July 1, 2017.    Before forming ZFC in 2017, Zoellner was a founding partner of RedPeak Properties (16 years) […]

    Jennifer Hayes

    July 14, 2019

    Mueller wins medal from ARES

    Dr. Glenn Mueller won the David Ricardo Medal at the 35th annual meeting of the American Real Estate Society in honor of his major research contributions in real estate market cycles and real estate investment trusts. The Ricardo medal is ARES’ highest recognition of scholarly work in the real estate discipline.  His seminal 1995 article […]

    Jennifer Hayes

    July 6, 2019

    Holcomb joins Stream Realty Partners

    Blake Holcomb joined Stream Realty Partners as managing director of its Denver office. In this new capacity, Holcomb’s primary focus will consist of leasing office properties for both institutional and local property owners. He also will provide other service offerings to his clientele, including tenant representation, site selection analysis, investment sales, strategic planning and ancillary […]

    Jennifer Hayes

    June 30, 2019

    Bakke joins Cresa as project manager

    Rebecca Bakke joined the Denver office of Cresa as a project manager. Bakke has six years of project and construction management experience with JLL, Rand Construction and Robinson Development Group, where she managed land development projects as well as tenant build-outs for an office portfolio. She has a bachelor’s degree from Denison University and a […]

    Jennifer Hayes

    June 22, 2019

    Revious joins Pinnacle Real Estate Advisors

    Darrin Revious joined Pinnacle Real Estate Advisors as a senior adviser. He has more than 30 years of experience in the commercial real estate industry. Starting in 1988, Revious worked as a vice president at Grubb and Ellis. In 2001, he was recruited as managing director at Frederick Ross Co., where he was awarded Realtor […]

    Jennifer Hayes

    June 15, 2019

Subscriber Content


Building Dialogue

It’s Time for a New Workplace Narrative: Moving Past Open Versus Closed Spaces

Today’s organizations are challenged with creating work environments for employees that stretch over five generations, that attract and retain the best talent and, above all, provide a great experience at work. The debate around workplace environments continues to generate significant attention.

Building Dialogue

July 14, 2019

CREJ Quarterlies

The morphing tenancy of health care real estate

Health care mergers and acquisitions are well beyond a common discussion. While the long-term economic and patient-care impact is unveiling at a slow, complicated trickle, the influence on real estate owners is nothing short of immediate and profound.

CREJ

July 14, 2019

Senior construction shows signs of a slowdown

In 2018 there were 754,000 residents aged 65 and older in Colorado, who comprised 13.4% of the total population. This is below the national average of 15.3%. The baby boomer generation includes all people born between 1946 and 1964. Boomers are now between 55 and 73 years of age. A decade from now, when all the boomers will be 65 and older, they will comprise over 18% of the total population.

CREJ

July 14, 2019

It’s Time for a New Workplace Narrative: Moving Past Open Versus Closed Spaces

Today’s organizations are challenged with creating work environments for employees that stretch over five generations, that attract and retain the best talent and, above all, provide a great experience at work. The debate around workplace environments continues to generate significant attention.

Building Dialogue

July 14, 2019

The Evolution of Denver Plazas, Private to Public

In the early 1980s, a development trend made popular in Chicago and New York, known commonly as the “plaza bonus,” made its way to Denver. This tower-in-a-park philosophy was created in larger cities to encourage developers to provide useable public space at the street level by providing incentives allowing buildings to exceed heights and square footage limits, typically governed by zoning.

Building Dialogue

July 7, 2019

Technology solutions to aid process documentation

At its core, property management is all about communication, and there is plenty of room for improvement.

CREJ

July 5, 2019

Achieve net zero energy use in existing buildings

Energy-efficient building, particularly in the commercial space, is a trend that isn’t going away. According to 2018 data from the U.S. Green Building Council, new commercial construction continues to lead in green building projects, with 51 percent of global respondents planning such projects. Respondents overwhelmingly praised rating systems such as LEED as helpful with the development of high-performing buildings, not surprising given their many environmental and operational benefits. But with so much focus on new construction, it’s easy to see that a significant opportunity is being missed. What about the sustainability opportunities for those commercial buildings already in existence? What’s the best path to improved energy efficiency, and ultimately net zero energy use, for those buildings? Achieving an ambitious goal requires setting an ambitious plan into motion. These recommendations are tailored specifically to commercial building owners and managers who want to make a serious dent in their energy use, thereby reaping the myriad benefits of energy efficiency – for their tenants, themselves and the planet. 1. Track and monitor energy use. In order to reduce energy consumption in an existing commercial building, the first action must be an evaluation of current energy usage. To finish a race, one must know the starting point. At our firm, we look at every current and future project for energy use management and optimization. Specifically, we track energy and utility electrical demand minute by minute. We use metrics like Energy Star to keep track of our energy usage over time and spot operational problems in advance. We also take the time to understand the utility rate structure so we can analyze our bills effectively. This monitoring process begins with an initial evaluation and continues in perpetuity because new questions and concerns can always arise. If we don’t know where a building’s usage stands, we don’t know how to improve it. 2. Upgrade to new technologies. Once building owners have a gauge on their day-to-day energy usage, it’s time for an audit of current technologies and systems. Are you already using variable frequency drives for supply air fans? Do you use digital or analog systems for operating your heating, ventilation, air-conditioning and natural gas systems? What software do you use to track your building’s energy and operations over time? Have you considered water-cooled air-conditioning systems? What about LED lighting with digital controls? These technologies may sound more like “nice to have” upgrades than vitally necessary investments, but studies have shown that these upgrades more than pay for themselves over time thanks to the energy and operational cost savings. In buildings we manage, these technologies are always under serious consideration, if not active implementation, simply because of the financial and sustainability benefits they offer in the long term. 3. Utilize retro-commissioning. It also may be worth exploring retro-commissioning as an option for your building. Utility companies are supporting retro-commissioning services for existing structures, as the process can create substantial savings (varying between 5% and 35%) for a relatively low cost. To get started, it’s necessary to begin a conversation with your utility provider. We recently implemented this process at 10 of our properties and subsequently predicted a future savings over 10 years of $3.6 million. In order for these programs to work best, the building in question must have a direct digital control system. At the highest level, reduced energy consumption represents an opportunity to lessen the harmful impact we have on our natural environment while making the world a little more pleasant and secure for our communities. Beyond the environmental impact, building owners and managers specifically benefit from the increased building value, utility cost savings and the community impact recognition. Meanwhile, building tenants also benefit from the reduced costs of energy, operations and maintenance. Some companies see an added bonus in enhanced recruitment opportunities, given the fact that so many members of today’s talented workforce are actively seeking positions with environmentally conscious companies. These benefits are ripe for the plucking, yet are only available to those commercial building owners and developers who invest in smart energy practices. For existing commercial buildings, there is a proven path to optimized energy consumption – and even net zero usage – but it requires careful evaluation, monitoring, investment and investigation.

CREJ

July 5, 2019