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CRE Industrial Trends_Taylor Cole

Black Creek Industrial REIT Acquires 48 Industrial Assets for $920M

Leave a Comment / Brokerage, Industrial /

Ares Management Corporation announced today that its managed fund, Black Creek Industrial REIT IV, has closed on the acquisition of 48 industrial properties totaling 8.3 million square feet. The properties were purchased from affiliates of real estate investment trust Prologis, Inc. for approximately $920 million. “This transaction demonstrates our continued commitment to the industrial sector, which is […]

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Local Developer Receives $50M Construction Financing for Broomfield Apartment Project

Leave a Comment / Brokerage, Construction, Development, Multifamily /

Boulder-based developer Mountain View Capital has received a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built, luxury, garden-style multi-housing community in Broomfield. Senior Director Kristian Lichtenfels with JLL represented Mountain View Capital, in arranging a five-year, floating-rate loan with a national bank. With an anticipated completion date of January

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Alliance Construction Solutions Breaks Ground on Stanley Residential

Leave a Comment / Architecture, Construction, Development, Multifamily /

Alliance Construction Solutions (Alliance) has broken ground on Stanley Residential—a collaboration between Westfield, Shears Adkins Rockmore (SAR+), and Alliance. The 190,000-square-foot project, located just south of Stanley Marketplace in Aurora, will provide two 4-story buildings and include 168 Class A apartments with a boutique approach to amenities targeting the workforce housing demographic. “The Alliance team is

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Denver Ranks 12th on CBRE 2021 Tech Talent Report

Leave a Comment / Office, Technology /

North American tech-talent employment weathered the pandemic better than most other professions, according to CBRE’s 2021 Scoring Tech Talent report. Despite slipping from its No.7 position in 2020, Denver currently has the 12th largest tech talent labor pool nationally with 114,900 tech workers and remains a top choice for tech companies. “With an expanding talent pool, strong

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New Construction Company Forms in Colorado Springs

Leave a Comment / Construction, Design, Development /

Saunders Construction and Norwood Development Group have formed a new construction company—Saunders Norwood Construction (SNC)—focused solely on building within the Pikes Peak Region including the counties of El Paso, Teller, Fremont, Pueblo. Headquartered in Colorado Springs, SNC will offer construction management, general contracting and design-build services for commercial, institutional, K-12 and higher education, healthcare, municipal, non-profit,

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Multifamily and Light Industrial Emerge as Hottest Asset Classes

Leave a Comment / Industrial, Investment, Multifamily /

Multifamily and light industrial have emerged as the hottest asset classes for commercial real estate funding post-pandemic, according to Dan Page, president of Boulder Equity Partners LLC, a nationwide lender for all commercial real estate loans. “We see growth and security (stability) in these sectors and are willing to be more flexible as a result,”

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Leveling Up Multifamily Design for the Next Generation of Apartment Users

Leave a Comment / Feature, Health, Multifamily, Rent /

By Ashley Stiles Multifamily development was on a strong growth trajectory well before the COVID-19 pandemic upended the world economy, but the product type is seeing more demand than ever in some urban markets as for-sale housing becomes even more difficult and expensive to come by. Nationwide, 518,000 multifamily units have been absorbed in the last 12 months,

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Tributary Real Estate Purchase Recently Renovated Denver Office Building

Leave a Comment / Brokerage, Office, Renovation, Retail /

Denver-based Tributary Real Estate has purchased Globe4Hundred, a recently repositioned office building located at 400 West 48th Ave. in Denver. JLL Capital Markets team represented the seller, NAS Properties, and the seller, Tributary Real Estate. The team was led by Managing Directors Larry Thiel and Jason Schmidt who sold their second off-market office building in the

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CBRE Denver Office MarketView Q2 : Leasing Activity Improves as Tenant Demand Picks Up

Leave a Comment / Office, Reports /

According to CBRE’s research report, Denver Office MarketView Q2 2021, the Denver office market exhibited encouraging fundamentals in Q2 2021, posting negative direct net absorption of 430,422 sq. ft. This marks the fifth straight quarter of negative absorption, although this figure has vastly improved upon last quarter’s negative 1.1 million sq. ft. absorbed. Class B office properties were the catalyst

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