Times of Growth for Industrial Development
View here. Denver has become a popular area for industrial real estate because of its record low residential vacancies. Developers have seized the opportunity to supply the demand by building new industrial space. The Industrial market is looking to make interstate 25 their focus due to the large plots of land... Read more
HFF Arranges $12.1M Financing for Boulder Industrial Flex Building
Boulder, CO – Holliday Fenoglio Fowler, L.P. (HFF) arranged $12.1 million in acquisition financing for a 152,002-square-foot industrial and office building in Boulder, Colorado. HFF worked on behalf of Manchester Capital Management to place the three-year, fixed-rate loan with a regional bank. Situated on 12.33 acres at 6265 Gunbarrel Avenue,... Read more
Construction Co-working Community Ready to Open its Doors to Opportunity
Denver, CO – Denver’s first construction co-working community is hosting a Grand Opening on Friday, February 24th, 2017. After several months of design and construction, Tradecraft Industries is changing the once isolated industry and bringing the co-working mentality that thrives in tech and startup space to construction. Tc creates a... Read more
Industrial Rehab Earning Reputation as Industry Sweet Spot
Denver, CO —Newmark Grubb Knight Frank (NGKF) announced 4653 Table Mountain Drive was fully leased to NFT, the Golden-based provider servicing nuclear, aerospace, automation and industrial customers, for its Corporate Headquarters and Colorado manufacturing operations. Albrook Partners, LLC acquired the 53,656-square-foot industrial asset last spring, then completed significant building... Read more
Pueblo, CO Has Highest Contact Center Concentration Market per new JLL Report
For U.S. contact centers, less really does mean more. Despite waning consumer interest in talking with a customer service rep over the phone, alternative customer service methods such as live chatting and tweeting are creating jobs in North American contact centers, according to JLL’s inaugural Contact Centers Outlook. JLL’s... Read more
Colliers International Names Denver as One of Top Emerging U.S. Industrial Markets
View here Colliers International included Denver in their recently released 10 Emerging U.S. Industrial Markets to Watch in 2017. The report cites that in terms of development in Denver, “In 2016, industrial construction activity reached its highest level in 15 years with more than 3.6 million square feet under... Read more
Pacific Acquisitions’ Affiliate Acquires 5th CO Asset, Raises Local Investment Total to More Than $56.5M
Denver, CO – CBRE Capital Markets arranged the sale of the General Electric building, a 152,218-square-foot, single tenant, office/flex facility located at 1844 Nelson Road in Longmont, Colorado, for $12.5 million. Jim Bolt of CBRE’s Denver office represented the buyer, an affiliate of Anchorage, Alaska-based Pacific Acquisitions, in the purchase,... Read more
Etkin Johnson Leases Flex Industrial Space to Sierra Nevada Corporation in CO Technology Center
Denver, CO –  Etkin Johnson Real Estate Partners leased 101,000 square feet of industrial space to Sierra Nevada Corporation (SNC). The speculative flex building, located at 2000 Taylor Avenue in the Colorado Technology Center (CTC), was completed in late 2016. The new facility has an environmentally friendly design including green features such as an... Read more
Real Estate & Construction Industries are 2 Largest Contributors to CO GDP Growth
View here The U.S. Bureau of Economic Analysis released the Q3 2016 Gross Domestic Product (GDP) rates, indicating Colorado ranked 4th overall in Percent Change in Real Gross Domestic Product for Q3 2016. Real estate and rental leasing, and construction were indicated as the two biggest contributors to Colorado’s GDP... Read more
Economic Forecast Event Predicts a Strong 2017, Recommend Maintaining Equilibrium & Hope in a Transitioning Economic Environment
Because of high housing costs in Colorado–the 16th highest in the country–and the importance for businesses to attract top talent within the growing Millennial workforce population, Silverstein says businesses will need to closely watch staffing needs and may need to increase compensation and benefits to attract new workers. Denver,... Read more