Denver Building Boom Reaches $4.2 Billion
Denver, CO – CBRE Research releases their latest Market Flash for the Denver construction market, which is reporting nearly $4.2 billion of commercial building in progress (excluding single-family residential, healthcare and infrastructure projects). Multifamily and hospitality projects are recorded as representing 74% of the total value. Graphic courtesy of CBRE Research Read more
Fort Collins Shopping Center Changes Hands
Fort Collins, CO – Marcus & Millichap, recently announced the sale of a 18,988-square foot retail strip that is a portion of a Mulberry & Lemay Crossings, a 328,495-square foot retail property in Fort Collins, Colo., anchored by Walmart and Home Depot. Garrette Matlock, an investment specialist in Marcus &... Read more
Marijuana Driving Up Retail Rents Commercial Real Estate Market
View here Lee and Associates’ principal, Paul Hallberg, provides insights into how marijuana retail locations are driving up rents in the retail commercial real estate market. Rental rates which are averaging $30/SF for marijuana retail locations are driven by the premium for space. Considerations for financing, the impact of... Read more
Millennial Retail Trends Impacting Design
View here Millennials continue to influence the design and construction of new spaces, including retail. This article published by GS&P focuses on how certain millennial behavioral factors should be taken into consideration by design professionals including the values of convenience, technology integration, ease of access and sense of place.... Read more
To Spring Forward, CRE Should Look Back
In theory, analysis of market research can prevent the commercial real estate industry from repeating the mistakes of the past. Left unheeded, market research can only provide numbers and statistics. by Julie Wanzer, LEED AP As we “spring forward” into the second quarter of 2016, it can be beneficial... Read more
CBRE Completes $3.95 Million Sale of Centennial Retail Center
Denver, CO – CBRE Group, Inc., recently announced the $3.95 million sale of the retail center located at 8006 East Arapahoe Road in Centennial, Colorado. BS Property Investments of Denver purchased the 14,121-square-foot, seven-tenant property in a sale that closed April 1, 2016. Matthew Henrichs and Brad Lyons, both... Read more
$13 Million Sale of Creekside Shopping Center Latest Positive Sign  for West Colfax Retail Market
Denver, CO – CBRE Group, Inc., recently announced the $13 million sale of the Creekside on Colfax retail center located at 1692 Wadsworth Boulevard and 7475, 7355 and 7205 West Colfax Avenue in Lakewood, Colorado. Brown and Associates of Westminster, Colorado, purchased the 43,863-square-foot multi-tenant center, which is shadow anchored... Read more
Transwestern Brokers Sale of Shopping Center in Denver’s Northwest Submarket
Denver, CO – Transwestern’s Denver office represented the Ann Hurley Hodgdon Trust in the sale of Independence Square, located at 4980 and 4990 Kipling St. in Wheat Ridge, Colorado. The 43,770-square-foot shopping center was acquired by an undisclosed family trust. Managing Directors Brad Cohen and Larry Thiel of Transwestern’s Denver... Read more
Marcus & Millichap Completes Sale Mimi’s Cafe
Colorado Springs, CO – Marcus & Millichap, commercial real estate investment services firm, announced the sale of a net leased Mimi’s Cafe located in Colorado Springs, Colo., according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $3,362,500. The seller, a limited liability company,... Read more
Pinkard Tops Out 8181 Arista Place Mixed Use
Broomfield, CO — Construction Manager/General Contractor Pinkard Construction Company has topped out the 8181 Arista Place project, a new mixed-use office building in Broomfield. Located in the Arista Development, 8181 Arista Place is a five-story office facility adjacent to its sister office property 8001 Arista Place, both of which... Read more