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Fully Leased Industrial Asset in Louisville Sells for $49M

Leave a Comment / Brokerage, Industrial /

Berkeley Partners has purchased a multi-tenant industrial building, located at 333-335 Centennial Parkway in Louisville, for $49 million. The 411,485-square-foot building is fully leased to six tenants. Tyler Carner, Jeremy Ballengeh, Jim Bolt, Jessica Ostermick and Jeremy Kroner with CBRE’s Denver and Boulder offices represented the sellers, DPC Companies and Long Wharf Capital. “333-335 Centennial Parkway is one of the largest

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Capitol Hill Multifamily Property Sells in All-Cash Transaction

Leave a Comment / Brokerage, Investment, Multifamily /

CBRE has arranged the $1.145 million sale of 1159 Corona Street, a 3,724-square-foot multifamily property in Denver. Robert Bratley with the Denver office represented the buyer, a private local investor, who plans to fully renovate the building. “Denver’s multifamily market remains strong, but cash is still king as evident by this all-cash transaction, which closed in 23

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JLL Predicts 30% of Office Space will be Flexible by 2030

1 Comment / Office, Reports /

The flexible space market experienced significant changes as a result of the COVID-19 crisis, immediately reducing the need for short-term desks. JLL’s latest research shows the need for flexible space is not only here to stay, it’s likely to increase. predicting that 30 percent of all office space will be consumed flexibly by 2030. Accounting for

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Metro Denver Industrial Holds Steady in Q2 as Office Market Activity Stalls

Leave a Comment / Industrial, Office, Reports /

This week, CBRE released its Q2 reports for metro Denver’s office and industrial sectors. The Denver office market felt the impact of the recession brought on by the COVID-19 pandemic. For the first time in 13 quarters, the market saw negative absorption activity of 84,706 square feet in Q2 2020. Conversely, the industrial sector held steady this

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McKinstry, Denver Public Schools Launch Energy Performance Contract Project

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

McKinstry and Denver Public Schools, in consultation with the Colorado Energy Office, have started work on an Energy Performance Contract project to upgrade 27 schools in the district — totaling more than 3.8 million square feet — to improve the learning environment, address maintenance challenges, reduce utility costs through efficiency improvements, and fund capital upgrades. As

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CIM Group Completes Upgrades to LoDo Towers

Leave a Comment / Construction, Office, Renovation /

CIM Group recently completed a number of renovations at the LoDo Towers office buildings, including the addition of a 10,000-square-foot tenant amenity center and comprehensive common area upgrades. LoDo Towers consists of the 13-story, approximately 225,000-square-foot tower at 1331 17th Street (“1331”) and the 16-story, approximately 196,000-square-foot tower at 1401 17th Street (“1401”) in LoDo,

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New Coffee Bar Occupies Rare Drive-Thru Location in DTC

Leave a Comment / Development /

Portland-based Black Rock Coffee Bar recently opened its second Colorado location in the Denver Tech Center. The walk-in/drive-through coffee shop occupies the entire 2,700-square-foot, stand-alone building at 7850 East Union Avenue. Black Rock’s first location is in Castle Rock. 7850 East Union Avenue is also currently up for sale; Newmark Knight Frank Executive Managing Directors Riki Hashimoto and Dan

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Two New CBD Manufacturing Facilities Open in Greeley

Leave a Comment / Development, Health, Industrial /

Two new state-of-the-art CBD-hemp extraction facilities are now operational in Greeley. The GMP compliant manufacturing facilities will enable Vantage Hemp Co. to process up to a tonne of biomass using CO2 extraction and four tonnes of biomass per day using hydrocarbon extraction. The facilities support large scale winterization and high volume distillation to produce high-quality science-driven extracts,

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Safe Harboring the 26% Solar Investment Tax Credit in 2020

Leave a Comment / Development, Energy, Feature, Sponsored Content /

By John Shaw, Commercial & Industrial Solar Developer at Namasté Solar Since it was enacted in 2006, the federal solar investment tax credit (ITC) has helped support the growth of solar energy across the country by more than 10,000 percent, according to the Solar Energy Industries Association. This tax credit, as opposed to a deduction,

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Affordable Housing Community in Vail Refinanced

Leave a Comment / Affordable Housing, Brokerage /

Middle creek Village, a 142-unit affordable housing community located in the heart of Vail, has been refinanced. CBRE arranged the $23.52 million financing on behalf of developer Coughlin & Company, in a transaction that closed July 1. Located at 145 Frontage Road West just across from downtown Vail, Middle Creek Village is a deed restricted affordable housing community that

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