Denver’s Cannabis Cultivation Grows to 4.2 Million Square Feet
View here Denver’s Marijuana grows occupied 4.2-million-square-feet of industrial space at the end of 2016, up a reported 14 percent since the second quarter of 2015. However, the growth is expected to stabilize due to Denver’s decision to cap the number of grow operations in the city. Read more
California Investor Acquires Office Property in Fort Collins
Fort Collins, CO – Commercial real estate investor Cress Capital, LLC, headquartered in Newport Beach, California, recently acquired more than 800,000-square-feet of office and flex industrial space in Colorado and Southern California in two transactions for total consideration of approximately $110 million. Cress acquired the Prospect Portfolio, a 23-building office... Read more
Boulder Biopharmaceutical Facility Expanding
View here KBI Biopharma (KBI), a North Carolina-based biopharmaceutical contract company, is planning a $30 million expansion of its Boulder facility.”These expansions support our vision for growth and create the opportunity to better serve our customers in all areas of the biopharmaceutical industry,” said KBI President Tim Kelly. Courtesy of Google... Read more
Coors to Break Ground on $50M Milwaukee Brewery Expansion
View here Denver’s Molson Coors Brewing Co. will break ground on a $50 million expansion of its Milwaukee brewery on Friday. Construction plans include adding a 119,328-square-foot packaging and warehousing facility as well as 11,360-square-feet of new space on the existing brewhouse building, mostly for storing new brewing tanks. Read more
Two Innovative Tech Companies Sign Leases at Summit at Colorado Technology Center
DENVER – Two ingenious research and development companies have signed leases at the new industrial/flex development Summit at Colorado Technology Center, a new development bringing Class A industrial space to small-bay users in Boulder County — a market seeing a lot of demand but not a lot of development.... Read more
Fort Collins Budweiser Brewery to Receive $28M Investment
View here Anheuser-Busch InBev SA, the world’s largest brewer, will reportedly invest $2 billion through 2020 on major capital expenditures to its U.S. breweries and distribution facilities. Fort Collins Budweiser brewery will receive a $28 million investment – one of the largest in the U.S. — to expand production of... Read more
1,300 New Apartment Units in Denver Plus More Industrial Space
View here Five new complexes totaling nearly 1,300 units were added to the Denver Business Journal’s Crane Watch map, including McWhinney’s 12-story complex called Sova at 19th and Grant and a permit for a 375-unit apartment complex called Vue at Mile High, in the West Colfax neighborhood.Trammell Crow Co. and DCT... Read more
Colorado Cannabis Industry Could “Take a Hit” from Property-Tax Reassessments
View here With commercial property valuations expected to increase by an average of 20 percent, many Colorado Marijuana business owners will be unpleasantly surprised by the valuations of their 2017 property tax reassessments. Read more
Arvada Manufacturing Company Raises $40M
View here ARVADA, CO – Prescient, a 5-year-old manufacturing company that uses software to design and build commercial buildings, including apartment and hotels, said it’s closed on a Series D funding round that raised $40 million. The firm has built 3 million square feet of buildings in five states since 2013 and... Read more
Colorado’s Largest Spec Industrial Building to Break Ground
View here Aurora, CO – Colorado’s largest-ever single-building speculative industrial development in Aurora, is expected to break ground in June. Majestic Realty Co., the largest privately owned industrial developer in the U.S., will build the 701,500-square-foot building near Interstate 70 and Tower Road. Read more