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Colorado Springs Office Market Posts Positive Year-end Net Absorption for Ninth Straight Year

Leave a Comment / Office, Reports /

According to CBRE’s Colorado Springs Office MarketView H1 2020, the Colorado Springs office market recorded positive market fundamentals in H1 2020, despite the on-going economic impacts of COVID-19. The Colorado Springs economy is largely supported by the military installations which will help support continued office-using employment growth in the defense contractor, cybersecurity and financial technology (fintech) industries. According to the report, the

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Well-Positioned Strip Mall in Westminster Sells for $1.6M

Leave a Comment / Brokerage, Retail /

A four-tenant strip center located at 2751 West 120th Avenue, Westminster, has sold for $1,641,000. Built in 2006, the 6,173-square-foot retail center is occupied by Edward Jones, Peak Physical Therapy, and Allied Healthcare Services. According to Peter Peluso, vice president, Legend Investment Group (LIG), a division of Legend Partners, who represented the seller, a local private investor, Covid-19

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New Denver Developer Focused on Quality of Life

Leave a Comment / Development, Multifamily /

A new Denver-based real estate development company has pledged to do development differently. MVRK (pronounced “mav(ǝ)rik”) promises tenants a high quality of life (QOL), taking a sociological approach to identifying the right opportunities in Denver, Colorado Springs, Boise, Spokane, and other high-QOL markets. By putting people at the center of their decision-making process, they’re able

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Hensel Phelps Awarded $212M Design-Build Contract for Convention Center Expansion

Leave a Comment / Construction, Development /

The Denver City Council approved last week a $212 million design-build contract with Greeley-based Hensel Phelps Construction for the Colorado Convention Center expansion project. The expansion includes a new 80,000-square-foot multi-purpose room and outdoor rooftop terrace with sweeping views of the city skyline and mountains. On the ground floor, there will be lobby renovations. The

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Rodeway Inn Hotel in Loveland Sells During COVID Shutdown

Leave a Comment / Brokerage, Hospitality, Investment /

The Rodeway Inn, a 48-room hotel in Loveland, has sold for $2,875,000. The sale took place during the COVID-19 pandemic, which made the financing “extremely difficult,” according to Neville Rustomjee, first vice president investments at Marcus & Millichap’s Denver office. “Many SBA lenders will not finance new hotel acquisitions, and those that do are asking for

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Stantec Designs City and County of Broomfield’s New Service Center

Leave a Comment / Architecture, Design, Development, Office /

The City and County of Broomfield recently celebrated the completion of a new Service Center, which expands the offerings for its Public Works division. The project, designed by global design firm Stantec, includes an administration building with utilities maintenance shops and storage bays and police storage. Other features include a new fleet maintenance building, heated

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Majestic Realty Co. Signs Subaru to 550,000-Sq.-Ft. Build to Suit

Leave a Comment / Development, Industrial /

Majestic Realty Co., the largest privately owned industrial developer in the U.S., has signed a long-term lease agreement with Subaru of America for a 550,000-square-foot build-to-suit building at Majestic Commercenter, a 1,600-acre master-planned park located at the intersection of I-70 and Tower Road in Aurora. Subaru will relocate from a smaller existing location less than 2 miles

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Movers and Shakers Week Ending 08.07.20

Leave a Comment / Movers and Shakers /

Nonprofit Arts Exhibition Space Union Hall Names New Executive Director   Union Hall, a nonprofit arts exhibition space and emerging artist platform located on the ground level of The Coloradan, today announced that they have selected Emma Perez Steuer to serve as its new executive director. Drawing on her extensive fundraising background, Perez Steuer will advance the

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Transwestern a Best Place to Work for Millennials

Leave a Comment / Awards, Brokerage /

Great Place to Work® and Fortune magazine have named Transwestern Real Estate Services (TRS) one of the Best Workplaces for Millennials for the fourth time. Transwestern is the only third-party, full-service commercial real estate firm to be recognized. “To be recognized for our culture of empowerment, inclusion and innovation,” said Tom Lawyer, president of Transwestern Real

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City of Arvada Launches Interactive Development Map

Leave a Comment / Development /

The City of Arvada has launched a new interactive map that lists developments under review by the Community and Economic Development Department. The new map is designed to make it easier for community members to learn about projects that are divided into four categories: Upcoming public hearings; Applications under review; Projects under construction; and Variances. Properties that are under review and pending

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