The average rent in Colorado reached $1,519 in December, increasing 2.9 percent, according to data provided by Yardi Matrix. Out of the 22 cities analyzed, rent prices declined in only two markets, by 0.2 percent. Nationally, apartments were renting for $1,474 on average at the end of 2019, after the slowest annual rise in the past 17 months (3 […]
Average Rent in Denver Jumped $36 in December, says Report Read More »
Aragon Holdings, LLC’s national portfolio of apartment properties has sold to Harbor Group International (HGI), a global real estate investment and management firm, for $1.85 billion. The transaction is the largest multifamily sale since 2016 and the fifth largest ever recorded in the U.S. Newmark Knight Frank (NKF) represented Aragon in the sale and HGI
NKF Closes Fifth-Largest Multifamily Portfolio Sale in U.S. History Read More »
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek area of Lakewood, the asset includes 472 units. Gelt now owns nearly 2,500 units in six
Gelt, Inc. Expands Denver Presence with $145.5M Acquisition Read More »
Cresa Promotes Three Including Scott Churchley to Principal Cresa, the world’s only global commercial real estate firm that exclusively represents occupiers of space, announced three promotions this week including, Scott Churchley to principal, Rachel Trice to senior vice president and Matt Burton to vice president. “Scott keeps his head down and does whatever it takes
Movers and Shakers Week Ending 01.17.20 Read More »
CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around slowing population growth, high housing
Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong Read More »
Saunders Construction, Inc., has opened a new corporate office in the historic Struby-Estabrook building in Denver’s LoDo. Saunders completed tenant improvement services for the space, located at 1660 17th St., Suite LL1, at the end of December. Saunders will continue to manage its main operations out of its headquarters, located in Englewood, Colorado. However, some key business functions, including Saunders
Saunders Construction Opens New LoDo Office Read More »
Denver-based St. Charles Town Company, LLC has closed on financing to construct St. Mark Village, a 216-unit workforce housing community on 97th Avenue and Federal Boulevard in the City of Westminster. The community will replace a vacant lot that is adjacent to the long-serving and much beloved Wishbone Restaurant. Construction has begun and is expected to
Construction of $55M Workforce Housing Community Begins in Westminster Read More »
The super-successful franchise Orangetheory Fitness has signed a 3,500-square-foot lease at Edgewater Marketplace, on Sheridan Boulevard and West 17th Avenue across from Sloan’s Lake Park. This shopping center is anchored by strong national tenants like King Soopers and Target to serve the Sloan district. As one of the world’s fastest-growing franchise companies, Orangetheory is backed by
Orangetheory Fitness to Open Sloans Lake Location Read More »
Chicago-based architecture firm Goettsch Partners submitted plans last week on behalf of the developer, Chicago-based Riverside Investment & Development, for a 30-story office tower to be built at 1901 Arapahoe. The undeveloped parcel of land is currently occupied by a surface parking lot owned by Paradise Land Company. Plans are preliminary but call for 9,500 square feet
30-Story Office Tower Proposed for 1901 Arapahoe Read More »
New York-based coworking company Industrious, will open its second Denver location at the Cherry Creek Shopping Center in late 2020. The 25,000-square-foot retail space will feature shared workplaces and private offices with room for approximately 250 members. “Denver has been a strong market for Industrious; our location in the city’s Central Business District has been at
Industrious to Add Second Denver Location at Cherry Creek Mall Read More »
