“Radically Inclusive” Coffee Shop to Open First Colorado Store in Boulder
Bitty & Beau’s Coffee will open its first Colorado store along Pearl Street Mall in Boulder this fall. The self-proclaimed “radically inclusive” chain of coffee shops is run by people with disabilities. Bitty & Beau’s Coffee was founded in 2016 in Wilmington, North Carolina, by Amy and Ben Wright. The …
DPC Companies Sells Northpark Industrial Property in Colorado Springs
An affiliate of Denver-based DPC Companies, a long-term investor in Colorado Springs, New Northpark LLC, announced the sale of its industrial asset located at 4710 Northpark Drive. Sitting on 4 acres, the property includes the fully leased 76,500-square-foot former Coors distribution building, with an additional 2,400-square-foot outbuilding. New Northpark acquired the …
First Phase of Sun Empire Industrial Development in Aurora Gets Underway
The Opus Group (Opus) and Principal Real Estate Investors, announced back in July 2022 the acquisition of 316 acres of land located at East 56th Ave. and Harvest Rd. in Aurora for the development of Sun Empire. Now, seven months later, construction of the 3.9 million-square-foot industrial development is officially underway. Phase …
Kentro Group Acquires 24 Acres in Loveland for Residential Development
Kentro Group, a Denver-based real estate developer offering all aspects of retail real estate, acquisitions, development, finance, leasing and select property management, has acquired ±24 acres of land on two adjacent parcels in Loveland. The developer plans to construct a new residential project on the property. Located at the southwest …
Hotel Born in Downtown Denver to be Rebranded Limelight Denver
Denver-based Continuum Partners LLC, has sold an interest in the Kimpton Hotel Born, located adjacent to Union Station at 1600 Wewatta St., to Aspen Hospitality, the hospitality division of Aspen Skiing Company. The newly formed joint venture marks the beginning of the hotel’s future conversion to Limelight Denver. Hotel Born will …
Industrial Outdoor Ventures Completes Disposition of Industrial Service Facility in Commerce City
Demonstrating the increasing demand for Industrial Service Facilities (ISF) in Colorado, Chicago-based Industrial Outdoor Ventures (IOV) recently completed the disposition of its 11.88-acre ISF in Commerce City, Colo. that also features a newly completed, 52,500-square-foot ground-up development. The property, at 8780 E. 93rd Place, which was acquired by an end user, represented …
Newly Constructed Pecos Logistics Park Adds Two New Tenants
Two new tenants are joining Pecos Logistics Park, a 1.15-million-square-foot Class A industrial development located in central Denver at the northwest corner of W 56th Avenue and Pecos Street. The two new leases bring the project to 54 percent leased. Vartega, a recycler of lightweight carbon fiber, leased 50,137 sq. ft. …
Denver Multifamily Market Sees its First Quarter of Negative Net Absorption in More Than a Decade
According to Northmarq’s latest market insights report — which includes market data, charts and graphs on current and historical trends for multifamily, employment, development, vacancy, rents and multifamily sales — operating conditions in the Denver multifamily market softened during the fourth quarter of 2022, as asking rents declined and the vacancy rate …
CBRE Releases Northern Colorado Reports for Industrial, Office and Retail Markets
CBRE has released its Northern Colorado H2 2022 reports for office, industrial and retail property market performance for the second half of 2022. According to the findings, net absorption reached an all-time high in 2022 for Northern Colorado industrial. The office market saw direct vacancy and lease rates trend flat as available …
Residential Project in Snowmass Base Village Sells 41 Residences in 8 Days
Colorado-based East West Partners, together with Slifer Smith & Frampton Real Estate (SSF), announced this week that the newest residential collection in the vibrant Snowmass Base Village, Cirque Residences at the Viceroy Snowmass, sold 41 of 46 available slope-side residences in the first eight days of sales. List pricing for the residences range …