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Movers and Shakers Week Ending 12.17.21

Leave a Comment / Movers and Shakers /

Rowland+Broughton Architecture/Urban Design/Interior Design Principal Sarah Broughton to Serve as President-Elect on the AIA Colorado 2022 Board of Directors  Rowland+Broughton Architecture/Urban Design/Interior Design announced that firm Principal Sarah Broughton, AIA, NCIDQ, has been chosen to serve as president-elect on the American Institute of Architects (AIA) Colorado 2022 Board of Directors. Along with the entirety of the […]

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Demand for New Lab Space More Than Double Available Supply in Denver

Leave a Comment / Health, Healthcare, Reports /

Demand for new life sciences lab space is outpacing speculative construction, according to a new CBRE report on the booming U.S. life sciences market. In the Denver-Boulder area, over 35 tenants are seeking nearly 1.5 million square feet of lab space, compared to a construction pipeline of 635,000 square feet. Voracious demand is pushing lab vacancy

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Denver Rents Spike as Vacancy Dips to Lowest Point Since 2015

Leave a Comment / Development, Multifamily, Rent, Reports /

According to Northmarq’s Q3 Multifamily Market Report, the Denver multifamily market is benefitting from a rapid rebound in the local economy with vacancies tightening, rent growth spiking, and absorption levels remaining high. Unprecedented renter demand in Denver in recent quarters has fueled significant rent growth in the last six months. Absorption levels to this point in

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New Report: Commercial Real Estate Stands to Benefit from Inflation

Leave a Comment / Brokerage, Investment, Reports /

Cushman & Wakefield recently published a report, What Rising Inflation Means For CRE Investing, that looks at the factors contributing to rising prices in the U.S., how long elevated inflation rates are likely to continue, the role of the Federal Reserve, which is having to walk a narrower path than in prior economic expansions, as

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Denver Ranks No.7 in 2021 City Clean Energy Scorecard, Beats Aurora and Colorado Springs

Leave a Comment / Energy, Reports /

The 2021 City Clean Energy Scorecard, released today by the American Council for an Energy-Efficient Economy (ACEEE), ranks 100 major U.S. cities on efforts including reducing energy waste in homes and buildings and moving toward a cleaner power grid—and doing so equitably. It identifies the leading cities, the most improved, and those with ample room for

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Pecos Logistics Park Sells to J.P. Morgan for Over $300M

Leave a Comment / Brokerage, Industrial /

According to CBRE, Pecos Logistics Park, a new 1.15-million-square-foot Class A industrial development located at the northwest corner of 56th Avenue and Pecos Street in Denver, has sold for more than $300 million to institutional investors advised by J.P. Morgan Global Alternatives. An exact sales figure was not disclosed. Tyler Carner, Jeremy Ballenger, Jessica Ostermick and Jim Bolt

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Modern Warehouse Startup Saltbox Opens First Location in Denver

Leave a Comment / Industrial, Office /

Serving as the “coworking” equivalent for digital commerce companies, Saltbox, the modern warehouse company, has expanded to the Denver market to offer its unique logistics enablement solution to small and medium-sized businesses. Located at 4800 Dahlia St. in the Park Hill neighborhood, Saltbox’s Denver space will offer over 102,000 square feet, including more than 125 flexible warehouse

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National Western Center to Celebrate Construction Milestone

Leave a Comment / Construction, Development, Events /

The first National Western Center campus building and associated Stockyards are complete and will be officially turned over to the National Western Center Authority. on Wednesday, Dec. 15, to begin year-round programming. This construction milestone celebrates a monumental moment for the National Western Center in advance of the 2022 Stock Show. Denver Mayor Michael B. Hancock

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Resident Process Delivers Inclusive Vision for Park Hill Golf Course

Leave a Comment / Development, Land Sales, Recreation /

After a year of working with residents in the neighborhoods around the Park Hill Golf Course, Denver Community Planning and Development and Denver Parks and Recreation has released a “Prevailing Vision” document that summarizes the input received from residents and outlines the next steps for planning a new future for this land. Beginning in January 2021,

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Sale of Historic Apartments in Uptown Denver Shows Demand for Studio Apartments

Leave a Comment / Brokerage, Multifamily /

A 25-unit apartment building located at 1729 Pennsylvania Street in Denver’s Uptown neighborhood has sold to a confidential buyer for $5.1 million. Erik Toll with CBRE’s Denver office represented the seller, a private investor, who initially purchased the property in 2018 for $1.8 million. “When my client acquired the property, it was comprised of 18

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