One of the several terms in commercial real estate that the industry could use a refresher on includes defeasance. According to Eitan Weinstock, a senior analyst at AST Defeasance, a CMBS loan defeasance consulting firm, “In commercial real estate, defeasance is the process of releasing a commercial property from the lien of a mortgage and […]
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Colorado Springs, CO – Farnsworth Group, Inc., a national full‐service engineering, architecture and survey firm, announced that Dave Buesser, PE, has been named a Principal of the company. Buesser is a Professional Engineer and joined Farnsworth Group in 2012 as part of the company’s acquisition of Colorado Springs‐based Systems Engineering. Since joining Farnsworth Group, Buesser has emerged
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Aurora, CO – UCHealth is excited to bring a new hospital and advanced health services to residents in Highlands Ranch and Douglas County. The six-story hospital, opening in 2018, is projected to cost almost $315 million and will have room to expand in the future as the needs of the growing community change. The architect
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If the industry buzz is true that there will be at least two more interest rate increases, and these increases are above 6.5%, these costs [for paying a Yield Maintenance penalty] will be even higher. By: Eitan Weinstock, Senior Analyst at Yield Maintenance Consultants There is talk in the industry and media about a June interest
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Denver, CO – Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 864 Santa Fe located in Denver, Colorado. The 4,023 SF office building sold on April 28th, 2016 for $975,000 or $242.36 per square foot. Eric Shaw, Senior Advisor with Pinnacle Real Estate Advisors, represented the seller in the transaction. “This
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“Architecture has a serious problem today in that people who are not alike don’t communicate.” Rem Koolhaas By: Korey D. White, AIA, NCARB, Licensed Architect at RNL Design AIA National Associates Committee Vice Chair 2016/Chair 2017 Annually, 20,000 architects gather at the AIA Convention. AIA Philadelphia hosted the 2016 AIA Convention this year, and while the Convention theme
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View here The 1,000 acres in Commerce City currently housed by the Rocky Mountain Arsenal, where nerve gas was produced during WWII, could be open in the near future for development of retail, office and multi-family buildings. Coined as Victory Crossing, this development requires an amendment to the Defense Authorization Act for fiscal year 2017. [Editor’s
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Denver, CO – Transwestern’s Denver office recently announced that it held its happy hour event on May 18 to round out its fundraising efforts for the firm’s national philanthropy partner, Make-A-Wish®. Approximately 100 people attended the event at the Pub on Pearl, where 60 percent of the proceeds went directly to Make-A-Wish to help grant wishes
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Denver, CO – At a time when local media are frequently compelled to chase clicks and cut jobs, digital news startup Denverite will provide original reporting that prioritizes context over calamity, and clarity over stuffy tradition. Denverite, which launches with a daily newsletter in June, will break news and offer explanations that matter to people who
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Fort Collins, CO – Just before classes let out for the summer, Haselden Construction held a celebration commemorating the construction progress on CSU’s new biology building – the first new science lab built for the biology department in many years. Students and faculty were encouraged to grab a green or gold pen and sign the
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