CO Construction-Defects Alternative Dies
View here Following up on a story reported on Monday, May 9th, the alternative study to investigate Colorado’s construction-defect reform did not pass in the legislature. It was argued that millennials are not interested in purchasing lower-priced condominiums by chairwoman Rep. Su Ryden, D-Aurora. Two affordable housing bills were passed through …
Matthews Retail Advisors Facilitates $4M sale of Quincy Corners
Aurora, CO – Matthews Retail Advisors arranges the $4 million sale of Quincy Corners retail center located at the corner of E Quincy Avenue and S Reservoir Road in Aurora, Colorado. The complex is anchored by Big 5 Sporting Goods. The seller, Spirit Realty Capital, was represented by Patrick Toomey …
Another Suburban Firm Relocates HQ to Downtown Denver
View here SendGrid, an email technology company, is moving into the 1801 California Tower in Downtown Denver to accommodate up to 450 employees in the 52,000 SF of office space. This move is part of a trend for companies previously located in the suburbs to enter the downtown Denver market. …
Atlas Real Estate Group and Bilingual Elementary School Children Bond Over Xeriscape Garden
Denver, CO – To celebrate spring, the environment, and early childhood education, local real estate firm Atlas Real Estate Group hosted 36 first and second grade students from Escuela de Guadalupe, a small, bilingual Catholic elementary school in west Denver, for a field trip filled with lessons on the importance of …
Downtown Denver Partnership Releases 2016 State of Downtown Denver Report
Denver, CO – The Downtown Denver Partnership issued today the 2016 State of Downtown Denver report. The annual report, funded in part by the Downtown Denver Business Improvement District, is one of the most comprehensive statistical looks at the stories and statistics behind a thriving center city, detailing increasing investment, strong …
Alternative Proposed to CO Construction-Defects Reform Bill
View here In response to the failed construction-defects reform bills, which fell apart last Thursday in the Colorado Legislature, Senate Bill 213 offers an alternative with a study group to help advance negotiations. The group would propose recommendations by March 2017 to the construction-defects litigation in an effort to increase the …
Fort Collins Shopping Center Changes Hands
Fort Collins, CO – Marcus & Millichap, recently announced the sale of a 18,988-square foot retail strip that is a portion of a Mulberry & Lemay Crossings, a 328,495-square foot retail property in Fort Collins, Colo., anchored by Walmart and Home Depot. Garrette Matlock, an investment specialist in Marcus & Millichap’s …
Capitol Hill Multi-Family Sells Record Per-Unit Price
View here ARA, a Newmark Company brokered a landmark deal in Colorado with the 10-unit apartment complex at 901 Washington in Capitol Hill that sold for a record per-unit price of $525,000. Photo credit Mediamax, Inc.
HFF Facilitates $20.74M Financing 2 Multifamily Properties Colorado Springs
Colorado Springs, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced recently that it has arranged financing totaling $20.747 million for two adjacent Colorado Springs multi-housing communities: Summer Grove and Tanglewood. Working on behalf of the borrower, Vukota Capital Management (VCM), HFF placed two seven-year, fixed-rate Fannie Mae loans with M&T …
Marijuana Driving Up Retail Rents Commercial Real Estate Market
View here Lee and Associates’ principal, Paul Hallberg, provides insights into how marijuana retail locations are driving up rents in the retail commercial real estate market. Rental rates which are averaging $30/SF for marijuana retail locations are driven by the premium for space. Considerations for financing, the impact of light …