According to a new report from CBRE, tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking rent growth to new highs. Asking rents increased a record 8.3% year-over-year in Q4 2020 and 7.1% in Q1 2021—well above the five-year annual growth average of 6.8%.
Increased Demand for Industrial Space Driving up Rental Rates, CBRE Report Read More »
On Wednesday, June 30, Pikes Peak – America’s Mountain celebrated the grand opening of the Pikes Peak Summit Visitor Center with a ribbon-cutting ceremony. The event was emceed by John Register, Paralympic silver medalist and combat veteran, and included remarks by Colorado Governor Jared Polis and Colorado Springs Mayor John Suthers. General contractor GE Johnson broke
Grand Opening: Pikes Peak Summit Visitor Center Read More »
Underscoring the strength of the Colorado industrial market, EverWest Real Estate Investors has preleased a 121,000-square-foot speculative industrial building currently under construction at its 25 North industrial park in Thornton. Founded in 1936, Colorado-based Sashco manufacturers caulks, sealants and stains. It will relocate and expand into the new building, which is located at 14802 Grant
EverWest Signs Full-Building Lease at New 25 North Spec Denver Industrial Project Read More »
Architecture, engineering and survey firm Galloway & Company is moving their headquarters to 5500 Greenwood, a 71,000-square-foot office building located in Greenwood Village. The firm’s showcase headquarters will occupy 48 percent of the building in the 34,000-square-foot space. The company expects to move in by the end of 2021. Transwestern’s Senior Vice President, David Shapiro,
Architecture and Engineering Firm Moves Headquarters to Greenwood Village Read More »
CIM Group has acquired The Lex at Lowry, one of only seven apartment properties with more than 700 units in the Denver metropolitan area. The 710-unit apartment community is set on approximately 26 acres located at 240 S. Monaco Pkwy. in Denver. The acquisition expands CIM Group’s Denver-area residential portfolio to more than 1,300 units. A
CIM Group Acquires One of Denver’s Largest Multifamily Properties Read More »
According to Rider Levett Bucknall’s Q2 2021 construction cost report, national construction costs saw their biggest quarter-to-quarter increase in more than 20 years. National average construction costs increased approximately 4.35 percent between April 2020 and April 2021. Denver construction cost increase was recorded below the national average at 1.49 percent. With data current to mid-Q2 2021 and
Denver Construction Cost Increase Below National Average in Q2 Read More »
Mapleton Hill Investments LLC has received $29.7 million in commercial property-assessed clean energy (C-PACE) financing for its continuing care retirement community Academy Mapleton Hill, located at 311 Mapleton Ave. in Boulder. Imperial Ridge Real Estate Capital, a national private commercial real estate capital provider based in Colorado, provided the financing—one of the largest C-PACE financings in
Boulder Retirement Community Receives Largest C-PACE Financing in Colorado History Read More »
“We’re thrilled with Medtronic’s investment in Colorado,” said Governor Jared Polis during the groundbreaking of the medical technology manufacturer’s new 400,000-square-foot campus in Lafayette. “This campus will allow for good jobs, innovation, and employee wellness, all of which are critical to powering the Colorado Comeback.” Developed in partnership with Ryan Companies US, Inc.—a national developer, designer, builder,
Medical Technology Company Strengthens Commitment to Colorado with New Campus Read More »
Continuum Partners, a Denver-based real estate developer specializing in building urban, mixed-use projects, announced today the opening of the Residences at Market Station, the residential component of the highly anticipated mixed-use redevelopment of the former RTD central bus terminal in downtown Denver. The Residences feature two distinct styles in one community: The Flats offers 171 efficient, European loft-inspired apartments;
Residences at Market Station Bring New Living Options to Downtown Denver Read More »
TriVista on Speer, a 322-unit, seven story multifamily property located at 1350 Speer Boulevard in the Golden Triangle neighborhood of Denver, has sold to Manulife Investment Management for $144.5 million. The recently completed class A building features large floorplans with average unit sizes of 985 square feet, which includes an attractive mix of one studio unit, 179
TriVista on Speer Sells for $144.5M Read More »
