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Chicago-based Investment Company Purchases Value-add Multifamily Property in Glendale

Leave a Comment / Brokerage, Multifamily /

DENVER –  A 132-unit multifamily community called The Helix, located at 1017 South Birch Street in southeast Denver’s Glendale neighborhood, has sold for an undisclosed amount. The sale attracted a lot of investor interest as a value-add opportunity and it’s prime location in urban Glendale/Cherry Creek area. CBRE’s Dan Woodward, David Potarf, Matt Barnett and Jake Young represented the seller, FPA […]

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iBrands to Construct Cannabis Grow Facility Near Durango-La Plata Airport

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

DURANGO, CO — According to iBrands Corporation, Inc. (“the Company”), a diversified holdings company, legal cannabis sales topped $1 billion in Colorado last year. From 2009 to 2014, 36 percent of new industrial tenants were marijuana businesses there and nearly four million square feet of industrial space in Denver was being used for cultivation in 2015,

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Neoera Completes Design for Art Curation Firm’s New LoHi Headquarters

Leave a Comment / Architecture, Construction, Design, Engineering, Office /

DENVER  – Neoera, a Denver-born architecture firm that delivers meaningful spaces at the intersection of design and culture, recently completed architecture and interior design for NINE dot ARTS’ new 6,400-square-foot headquarters located at 3734 Osage St. in Denver’s Lower Highlands neighborhood. NINE dot ARTS is an award-winning art curation firm offering end-to-end arts planning and procurement for a wide range of

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Industrial Build-to-Suit Facility Under Construction Near DIA

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

DENVER — Becknell Industrial has purchased a 39.8-acre site in Nexus at DIA in Commerce City. A new 540,800-square-foot build-to-suit industrial facility is slated for completion in January 2019. The site is strategically located at Quintero Road and East 81st Avenue, which is immediately adjacent to the Denver International Airport. Becknell purchased the parcel from

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Unique Properties Announces Three Metro Denver Transactions

Leave a Comment / Brokerage, Multifamily /

DENVER— Unique Properties, Inc., recently announced the following metro Denver CRE sales: 1301 North Santa Fe Drive, Denver, sold for $1,650,000. The 3,303-square-foot, colorful building was marketed as a land development opportunity and sits on 12,000 square feet of prime Denver land. The C-MX-8 zoning, plus the UO-1 & UO-2 overlays, permit a multitude of uses for the new owner.

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U.S. Senior Housing Market Facing a Supply Shortage

Leave a Comment / Development /

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,

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U.S. Labor Shortage Impacting CRE Industry, JLL Report Says

Leave a Comment / Brokerage, Construction, Education /

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

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Confluent Senior Living Completes Sale of Fort Collins Senior Living Community

Leave a Comment / Senior Housing /

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

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Strong Fundamentals Support Denver Retail in Overcoming Increased Headwinds

Leave a Comment / Brokerage, Feature, Retail /

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,

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7 Buildings in RiNo Sell for $50.86M

Leave a Comment / Brokerage, Retail /

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.

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