DENVER — Seniors in the United States are facing a housing dilemma stemming from the diminishing unit supply as well as climbing rent rates nationwide. The growth of the U.S. senior population is continuously outpacing the development of unit supply – a gap that may grow significantly year over year. This is creating longer wait lists for applicants, […]
U.S. Senior Housing Market Facing a Supply Shortage Read More »
DENVER — A JLL report called “Where are all the workers?” states that the country’s current labor shortage is having a significant impact on the commercial real estate industry, resulting in higher vacancy rates, lower asking rents and greater concessions across markets. As of January 2018, roughly 6.3 million positions remained open but unfilled in the
U.S. Labor Shortage Impacting CRE Industry, JLL Report Says Read More »
DENVER – Confluent Senior Living, a subsidiary of Denver-based real estate investment and development firm, Confluent Development, recently announced the sale of its MorningStar of Fort Collins senior living community. Previously the owner of the project, Confluent Senior Living co-developed the community with its operating partner MorningStar Senior Living. MorningStar will maintain its role as
Confluent Senior Living Completes Sale of Fort Collins Senior Living Community Read More »
By Drew Isaac, First Vice President Investments and Ryan Bowlby, Senior Associate, Marcus & Millichap. Denver’s retail market is benefitting from healthy employment growth, rising incomes and fundamentally sound new developments. Employers in energy, telecom and IT are creating well-paying positions, leading to an increase in disposable income and a boost to local retailers. In 2017, retail sales soared by 6.5 percent,
Strong Fundamentals Support Denver Retail in Overcoming Increased Headwinds Read More »
DENVER — EDENS, one of the nation’s leading retail real estate owners, operators and developers, recently announced its acquisition of nearly 120,000 square feet of retail in RiNo for $50.86 million. According to the Denver Business Journal, the buildings sold as follows: 2601 Walnut St. sold for $12,162,800. 1336 27th St. sold for $11,540,620. 2601 Larimer St.
7 Buildings in RiNo Sell for $50.86M Read More »
DENVER — PCL Construction has achieved Blue Level status from the Occupational Safety and Health Administration (OSHA) for the 13th consecutive year. The status rating is an outcome of a program created via a partnership between OSHA and the Associated General Contractors of America (AGC) to improve workplace safety among contractors and reduce illnesses, injuries and fatalities
PCL Construction Achieves OSHA Blue Level Status for 13th Consecutive Year Read More »
DENVER — The NAIOP 16th Annual Rocky Mountain Real Estate Challenge presented by Land Title, was held on Thursday, May 3., at the Hilton Denver City Center. Students of Colorado University and Denver University, commercial real estate industry professionals from almost 300 companies and special guests, gathered to find out which school would take home the prestigious NAIOP Cup. The
The Winner of the 16th Annual Rocky Mountain Real Estate Challenge is… Read More »
Marcus & Millichap Represents Purchasers of Northern Colorado Apartments for $15M Marcus & Millichap announced the Le Deauville apartments, a 100-unit apartment community in Longmont, sold for $15 million ($150,000 per unit). Nick Steele and Jacob Steele, in the firm’s Denver office, represented the buyer in the transaction, a LLC comprised of local investors, who plan
Transactions Report Week of 04.30.18 Read More »
JLL Expands Western Multifamily Presence Multifamily assets continue to be a target for investors, ending 2017 with nearly $140 billion in transaction volume in the U.S. alone. To keep pace with demand, JLL recently announced the expansion of its leading multifamily platform with the addition of 15 professionals across Denver, Phoenix and Seattle. “JLL is
Movers and Shakers Week of 04.30.18 Read More »
DENVER — Vertix Builders, a culture-focused construction company, has begun construction of the Greeley Skilled Nursing Facility, located at 4356 24th Street Road. As a healthcare construction specialist, Vertix Builders will once again be working with Veritas, an operator of skilled nursing facilities. The developer of the project is Somerset CPA. “This will be
Skilled Nursing Facility Coming to Greeley Read More »
