BrokerageOffice

Transworld Business Advisors – Rocky Mountain Relocating to New Space in Lakewood

DENVER — Transworld Business Advisors – Rocky Mountain, the largest business brokerage firm in Colorado and part of the international Transworld Business Advisors organization, recently  closed on a 1,800-square-foot office condo at 215 South Wadsworth St. in Lakewood.  The purchase will allow Transworld to continue to expand its Colorado operations to better …

READ MORE →
BrokerageMultifamily

Chicago-based Investment Company Purchases Value-add Multifamily Property in Glendale

DENVER –  A 132-unit multifamily community called The Helix, located at 1017 South Birch Street in southeast Denver’s Glendale neighborhood, has sold for an undisclosed amount. The sale attracted a lot of investor interest as a value-add opportunity and it’s prime location in urban Glendale/Cherry Creek area. CBRE’s Dan Woodward, David Potarf, Matt Barnett and Jake …

READ MORE →
BrokerageConstructionDevelopmentIndustrial

Industrial Build-to-Suit Facility Under Construction Near DIA

DENVER — Becknell Industrial has purchased a 39.8-acre site in Nexus at DIA in Commerce City. A new 540,800-square-foot build-to-suit industrial facility is slated for completion in January 2019. The site is strategically located at Quintero Road and East 81st Avenue, which is immediately adjacent to the Denver International Airport. …

READ MORE →
BrokerageMultifamily

Unique Properties Announces Three Metro Denver Transactions

DENVER— Unique Properties, Inc., recently announced the following metro Denver CRE sales: 1301 North Santa Fe Drive, Denver, sold for $1,650,000. The 3,303-square-foot, colorful building was marketed as a land development opportunity and sits on 12,000 square feet of prime Denver land. The C-MX-8 zoning, plus the UO-1 & UO-2 overlays, permit a multitude …

READ MORE →
BrokerageConstructionEducation

U.S. Labor Shortage Impacting CRE Industry, JLL Report Says

DENVER — A JLL report called “Where are all the workers?” states that the country’s current labor shortage is having a significant impact on the commercial real estate industry, resulting in higher vacancy rates, lower asking rents and greater concessions across markets. As of January 2018, roughly 6.3 million positions remained …

READ MORE →
BrokerageFeatureRetail

Strong Fundamentals Support Denver Retail in Overcoming Increased Headwinds

By Drew Isaac, First Vice President Investments and Ryan Bowlby, Senior Associate, Marcus & Millichap. Denver’s retail market is benefitting from healthy employment growth, rising incomes and fundamentally sound new developments. Employers in energy, telecom and IT are creating well-paying positions, leading to an increase in disposable income and a boost to local retailers. In 2017, retail …

READ MORE →
BrokerageRetail

7 Buildings in RiNo Sell for $50.86M

DENVER — EDENS, one of the nation’s leading retail real estate owners, operators and developers, recently announced its acquisition of nearly 120,000 square feet of retail in RiNo for $50.86 million. According to the Denver Business Journal, the buildings sold as follows: 2601 Walnut St. sold for $12,162,800. 1336 27th St. sold …

READ MORE →
BrokerageDevelopmentMultifamilyRetail

Land on Broadway Sells for $12M

DENVER— 99 South Broadway, a 2.36-acre land site on the northwest corner of Bayaud Avenue and Broadway in the Baker neighborhood has sold for $12M. Vancouver, Washington-based Holland Partner Group will build a 238-unit apartment community on the land that will be the first Class A residential project to be built on that …

READ MORE →
BrokerageIndustrialRetail

Majority of Denver’s Warehouse Inventory is Inadequate for E-Commerce, CBRE Says

DENVER — According to a new report from CBRE, momentum for additional construction of U.S. warehouses is not likely to wane because the vast majority of the country’s warehouse stock is decades old and ill-suited for the demands of e-commerce. Denver’s warehouse age is even older than the U.S. average, coming in …

READ MORE →
BrokerageMultifamily

Value-Add Multifamily Property in Broomfield Sells for $50M

DENVER – Willow Run Village multifamily community located at 12621 Zuni Street in Broomfield has sold for $50 million. According to CBRE specialist, continued investor interest in value-add multifamily opportunities is driving competition for available properties and strong pricing. CBRE’s Dan Woodward, David Potarf and Matt Barnett represented the seller, Griffis/Blessing of Colorado …

READ MORE →