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Majority of Denver’s Warehouse Inventory is Inadequate for E-Commerce, CBRE Says

Leave a Comment / Brokerage, Industrial, Retail /

DENVER — According to a new report from CBRE, momentum for additional construction of U.S. warehouses is not likely to wane because the vast majority of the country’s warehouse stock is decades old and ill-suited for the demands of e-commerce. Denver’s warehouse age is even older than the U.S. average, coming in at 36 years old. While

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Cigna Moving Headquarters to Colorado Blvd.

Leave a Comment / Architecture, Development, Engineering, Healthcare, Office /

DENVER – Cigna, the global insurer and health service company, is moving their headquarters from Greenwood Village to Denver’s Colorado Center. The Connecticut-based company has signed a lease for 135,800 square feet in the recently completed Tower 3 of the complex at 2000 S. Colorado Blvd, developed by ASB Real Estate Investments (ASB) and Dallas-based Lincoln Property Company.

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Construction Underway on MOB at Dry Creek Medical Campus

Leave a Comment / Architecture, Construction, Development, Healthcare, Office /

DENVER  – Vertix Builders, a culture-focused construction company, has started construction of the new 145 Inverness Drive East medical office building (MOB) located at the Dry Creek Medical Campus in the Inverness Business Park. As a healthcare construction specialist, Vertix Builders will be working with long-term client Development Solutions Group, a company that prides itself

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Rent for High-end Buildings in Denver Increases

Leave a Comment / Multifamily /

DENVER — A recent RentCafé study shows that the number of high-end rentals increased significantly in cities across the country. The nationwide apartment search website looked at average rent prices for high-end apartments, across 30 largest US cities. The national average rent in a high-end building is around $1,640 per month. Key findings in Denver: Change in

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Value-Add Multifamily Property in Broomfield Sells for $50M

Leave a Comment / Brokerage, Multifamily /

DENVER – Willow Run Village multifamily community located at 12621 Zuni Street in Broomfield has sold for $50 million. According to CBRE specialist, continued investor interest in value-add multifamily opportunities is driving competition for available properties and strong pricing. CBRE’s Dan Woodward, David Potarf and Matt Barnett represented the seller, Griffis/Blessing of Colorado Springs. The buyer, Hamilton Zanze of

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Commercial Millwork Provider Signs 65,000-Square-foot Lease at Colorado Trade Center

Leave a Comment / Brokerage, Industrial /

DENVER — Freelance Enterprises, a manufacturer of premium custom commercial millwork, has signed a 65,126-square-foot lease at the Colorado Trade Center, a 700,000-square-foot industrial complex located near the intersection of I-25 and I-70 in central Denver. The move to the new location at 5151 Bannock Street is approximately one mile east of Freelance Enterprises’ current site at 1851 West 52nd

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Six Additional Retailers Announced for Dairy Block

Leave a Comment / Hospitality, Retail /

DENVER – Six additional restaurants, retailers and bars have signed on to join Dairy Block, Denver’s vibrant new micro-district in the heart of LoDo. Developed by McWHINNEY, Sage Hospitality and Grand American, Inc., Dairy Block is the Mile High City’s newest destination where you can dine, drink and explore, an entire downtown block connected by Denver’s

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New York-based Investment Firm Acquires Fourth Denver Metro Property within 16 Months

Leave a Comment / Investment, Multifamily /

LAKEWOOD — New York-based Castle Lanterra Properties (CLP) continues to expand its multifamily portfolio in the Denver metro area with the acquisition of its fourth property within the last 16 months. The firm recently purchased the 201-unit property, The Ranch at Bear Creek, bringing its total unit count to more than 1,100. Located at 3324 S. Field

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Saunders Construction a Top Place to Work

Leave a Comment / Awards, Construction /

DENVER – Saunders Construction has been ranked No. 9 on the list of 2018 Top Workplaces awarded by The Denver Post. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage, LLC (formerly WorkplaceDynamics), a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects

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CBRE Release Q1 Reports for Metro Denver’s Industrial, Retail and Office Sectors

Leave a Comment / Brokerage, Industrial, Office, Retail /

DENVER — CBRE just released their first quarter 2018 research reports covering the office, industrial and retail sectors for the metro area. The industrial market looks exceptionally strong. Five projects delivered in Q1 2018, adding 517,547 sq. ft. of new space to the Denver industrial market. Total sales volume exceeded $400 million. Denver’s office market posted 260,889 sq. ft. of positive net

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