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Coworking Rebounds as Alternative to Traditional Leases [CommercialEdge Report]

Leave a Comment / Office, Reports /

CommercialEdge just released its August office report analyzing the US office market’s performance through July 2022. At the beginning of the pandemic, many thought coworking will be the least resilient asset class. But, as treatment and prevention options have become more effective, shared spaces are bridging the gap between office use and work-from-home setups as […]

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Aurora Apartment Community in Prime Location Fetches $34.4M

Leave a Comment / Brokerage, Multifamily /

The Fitz on 14th, a 176-unit multifamily property located in Aurora, has traded for $34.4 million, or $195,455 per unit, according to Marcus & Millichap (NYSE: MMI). “The Fitz on 14th’s premier location was a driving force behind a highly competitive sales process,” said Jason Hornik, first vice president of investments in Marcus & Millichap’s

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CBRE Releases Mid-Year Reports for Colorado Springs

Leave a Comment / Brokerage, Construction, Industrial, Office, Retail /

CBRE has released its Mid-Year 2022 Reports for the Colorado Springs market. The retail market posted record-high sales volume through the first half of 2022, while industrial activity remained strong and office absorption was robust. Industrial Highlights Nearly 333,000 sq. ft. of positive net absorption was recorded in the first half of the year, a large increase from

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Brinkman Real Estate Sells Denver Multifamily Community for $24.65M

Leave a Comment / Brokerage, Multifamily /

Real estate investment company, Brinkman Real Estate, sold Denver multifamily community, Windom Peak Apartments, last week for $24.65 million, or $262,234 per unit. The company purchased the property in 2019 for $20.6 million.  Windom Peak is a Class B/C workforce housing property located in Metro Denver built in 1964 with 94 units. The property design

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Denver Multifamily Market Sees Highest Absorption in More Than 20 Years

Leave a Comment / Investment, Multifamily, Reports /

Multifamily investors continue to focus on the Denver market, where rent growth reached 16.5% over the past year, ending with Q1 2022. According to a Mid-Year Multifamily Review by The Laramar Group, a leading national real estate investment and property management company based in Denver, the Denver multifamily market is expected to remain resilient through

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JHL Constructors Completes Woodland Elementary in Aurora

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

On August 11, JHL Constructors celebrated the milestone completion of Cherry Creek School’s Woodland Elementary with an official ribbon-cutting celebration shared with school administration, students, and staff in Aurora. “Hard to believe that just 13 months ago this was just a vacant lot. In the past year, this team has stepped up to overcome a challenging project

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CRE Industrial Trends_Taylor Cole

Industrial Commercial Real Estate Market Cooling Off, NAIOP Forecasts

Leave a Comment / Industrial, Reports /

According to the latest NAIOP Industrial Space Demand Forecast, released today, nationally, the industrial real estate market is showing signs of slowing following a period of unprecedented expansion. “Amid lower pressure on global supply chains, increasing inventory carrying costs, a cooling economy, and a decrease in the rate of e-commerce expansion, retailers and logistics firms

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BOMA Volunteers Renovate Mile High Behavioral Healthcare Center in Aurora

Leave a Comment / Construction, Healthcare, Renovation /

Denver Metro Building Owners and Managers Association (BOMA) members joined together in August to renovate the Mile High Behavioral Healthcare Center (MHBHC) in Aurora, for its annual workday program. This year 14 businesses donated more than $50,000 in goods and labor to renovate the building and more than 45 volunteers representing 27 different BOMA organizations

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6010 N Carefree Circle-Co Springs_Credit Virtuance

Retail Property Sales in Colorado Springs Up More Than 300% Y-O-Y

Leave a Comment / Brokerage, Retail /

Two shopping centers in Colorado Springs have sold. Colorado Springs Ranch at 6010-6080 N Carefree Circle sold for $8.3 million, while Peterson Square at 6809 Space Village Avenue sold for $5.55 million in a separate transaction. According to CBRE research, in Colorado Springs retail property sales over $500,000 totaled $233.8 million for the first half of 2022, up more

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Corporate Housing Franchise Provider Appears on Inc. 5000 List

Leave a Comment / Awards, Brokerage, Finance, Investment, Property Management /

AvenueWest Global Franchise, a real estate partner for property investors and the corporate housing community, with an office in Lakewood, has been named one of the fastest-growing companies by Inc. magazine in 2022. AvenueWest ranked no. 1901 on the annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies, and No.

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