Gershman Mortgage Finances $6.5M in Medical Office Building and Practice Loans in Cherry Creek
DENVER – PRNewswire – Gershman Mortgage recently arranged and closed a financing structure for a medical office building at 36 Steele St. in Cherry Creek, bringing together two prominent plastic surgeons into a single, well-appointed space. It was the second leg of a previously closed purchase and renovation of the space... Read more
City Council to Lease Additional Space in The Denver Post Building
View here On Monday night, the Denver City Council signed a lease agreement to occupy nearly 47,000-square-feet of additional office space inside The Denver Post building. An 87-month, $11.2 million sublease amendment means that the city will also occupy the entire eighth floor as soon as Dec. 1, when The Post’s... Read more
Chicago-Based Waterton Acquires Greenwood Plaza
DENVER – Chicago-based Waterton, a U.S. real estate investor and operator, today announced it has acquired Greenwood Plaza, a 266-unit rental community located in Centennial — approximately 15 miles southeast of downtown Denver. Built in 1996, Greenwood Plaza includes a mix of one-, two- and three-bedroom apartments in a highly... Read more
Suburban Denver at The Top of U.S. Markets For Prime Office Occupancy Cost Increases
DENVER — Suburban Denver had the highest increase in prime office occupancy costs—which reflect rent, plus local taxes and service charges for the highest-quality, “prime” office properties—from Q1 2016 through Q1 2017, among the U.S. markets studied in CBRE Research’s latest annual Global Prime Office Occupancy Costs report. In addition to topping... Read more
Warehouse Lease Pre-Commitments Reach New High in Denver
DENVER – Almost half of the 167 million square feet of U.S. warehouse space currently under construction—72 million square feet—is already pre-committed to tenants, primarily e-commerce, third-party logistics and retail users, according to a new report from CBRE Group, Inc. At 3.2 million square feet, Denver is ranked tenth in the nation... Read more
Colorado Bidding Rules for Contractors
View here An article published by The National Law Review outlines some rules that all contractors should be aware of, before bidding on a project in Colorado. Rules relating to licensing, bonding, bid preferences for local contractors, local employment rules, bid shopping rules, bid mistakes, and bid protest issues are... Read more
JLL Secures $66M Refinancing of Fiddler’s Green Center I & II
DENVER – JLL’s Capital Markets experts today announced the firm secured $66 million for the refinancing of Fiddler’s Green Center I & II. The loan was secured on behalf of The John Madden Company, the builder of the two Class A office buildings in Greenwood Village, Colorado. The loan structure was a... Read more
JLL Secures 30,000 SF Space in Westminster for Swisslog Healthcare Solution’s Global Headquarters
DENVER – JLL recently secured a 10-year lease on new office space for Swisslog Healthcare Solution’s headquarters at Circle Point 2, 11080 Circle Point Drive, part of the Circle Point Corporate Campus in Westminster, Colorado. The 29,731-square-foot office space was the final piece in completing Swisslog Healthcare’s goal to relocate... Read more
RiNo Investors Purchase $8M Warehouse Property
View here Tributary Real Estate and Charles Street Investment Partners have purchased 2 acres of land at 3600 and 3695 Wynkoop St., home to a 38,000-square-foot warehouse and another smaller warehouse. Tributary has. purchased 11 other nearby parcels in the last 15 months for a mixed-use redevelopment. The seller is Gary Giambrocco, owner... Read more
Merger of Two Boulder-Based CRE Brokerage and Property Management Firms
View here According to BizWest, W.W. Reynolds Cos. has acquired Freeman Myre Inc., a commercial real estate brokerage and property-management firm, from Andrew Freeman. Freeman started Freeman Myre Inc. a subsidiary of Freeman Myre Inc. back in 2000 and completed several large transactions with companies such as Lockheed Martin Corp., Sierra... Read more