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Arvada’s Largest Spec Industrial Development Breaks Ground

Leave a Comment / Construction, Development /

Los Angeles-based Cale Enterprises has broken ground on Mountain Gateway, a two-building industrial park in Arvada totaling 142,180 square feet, expected to be completed in Q3 2020. The project will be the largest speculative industrial project built in Denver’s supply-constrained west submarket in more than 15 years, where only 370,500 square feet of speculative warehouse/manufacturing facilities have been delivered […]

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Construction Costs in Denver Increased 4.9% Last Year

Leave a Comment / Construction, Development, Reports /

With the presidential race taking shape, the conversation about how the outcome of the election will affect the construction industry is warming up. The 2019 federal budget deficit totaled $984 billion, and the Treasury Department estimates it will hit $1 trillion in 2020. Recent developments on the international stage, such as Brexit and the volatility

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Movers and Shakers Week Ending 1.31.20

Leave a Comment / Movers and Shakers /

CBRE Promotes Jim Bolt to Vice Chairman CBRE announced the promotion of Jim Bolt to vice chairman, the highest title a sales professional can achieve at the firm. Part of CBRE’s Industrial & Logistics practice in Denver, Mr. Bolt has participated in an industry-leading number of sale and lease transactions. Notable recent deals include the record-breaking 3.75 million-square-foot

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Starbucks Anchored Retail Property in Superior Brews up Investor Interest

Leave a Comment / Brokerage, Retail /

Starbucks Shops at Superior, a 7,570-square-foot retail property, located at 100 McCaslin Blvd. in Superior, has sold for $6 million — or $793 per square foot. The property is fully occupied by Starbucks, Firehouse Subs, Bishops and T-Mobile. Drew Isaac and Ryan Bowlby, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market

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Majestic Realty Refinances Part of its Commercenter Industrial Portfolio

Leave a Comment / Construction, Development, Industrial, Investment /

Allianz Real Estate, the world’s largest investor in real estate, has signed an agreement with Majestic Realty Co. to finance part of their 9-building industrial portfolio at Majestic Commercenter in Aurora. The nine non-crossed collateralized loans amount to $135 million and follow eight additional loans already provided to Majestic. “As we continue to expand our

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Well-Being a Core Tenant of the Saunders Workplace

Leave a Comment / Construction, Feature, Health /

By Brad Marsh, vice president of Safety and Human Resources, Saunders Construction, Inc. With a tight construction labor force and one of the lowest unemployment rates in the nation, never has it been more important for Colorado employers to find creative ways to attract and retain employees. Saunders Construction, Inc., a leading commercial contractor in Colorado has

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Q4 Denver Office and Industrial Marketbeats

Leave a Comment / Industrial, Office, Reports /

Consistently ranked among the best economies and best places to live in the country, the metro continues to attract a highly skilled workforce and an increasingly diversified tenant mix as well. According to Cushman & Wakefield’s Q4 Denver Marketbeat report, the city added over 44,700 jobs year-over-year as of November and closed 2019 with an

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235-Unit Apartment Complex in Cherry Creek School District Sells for $46.2M

Leave a Comment / Brokerage, Multifamily /

Los Angeles-based Marble Partners has purchased Torrey Pines, a 15-building, 235-unit apartment community located at 7575 East Arkansas Avenue in Denver, for $46.2 million. Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets in Denver represented the seller, Vukota Capital from Greenwood Village. “Torrey Pines is well positioned for a comprehensive value-add program. The property includes modern features

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Business Development Guild Launches in Denver

Leave a Comment / Development, Events, Marketing /

The Denver Chapter of the Business Development Guild (BD Guild), an organization dedicated to building a bridge between business development and operations for companies serving the natural and built environments, will launch next month in the Mile High City. The Chapter will hold its Denver inaugural meet up on Thursday, February 6. Founded in 2017

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Office Building in Major Retail Corridor Sells for $1.85M

Leave a Comment / Brokerage, Retail /

A two-story, 30,843-square-foot office building located in the Centerpointe Plaza shopping center in Colorado Springs, has sold for $1.85 million. CBRE retail specialists Patrick Kerscher, Dan Rodriguez and Whitney Johnson based in Colorado Springs represented the seller, Office Pad, LLC, from Phoenix, Ariz. Weston Thomas and Colin Thomas of Westward Properties represented the buyer, Spackler Capital, LLC, of Colorado

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