SMPS Luncheon: 2020 Economic Forecast
By Katie Rapone, editor of Mile High CRE On Thursday, Jan. 16, SMPS Colorado held their 2020 Economic Forecast Luncheon at a modern new venue, the Kimpton Hotel Born in downtown Denver. Industry experts discussed economic, labor, real estate, and global trends shaping our economy and the construction industry in 2020. …
Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong
CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around …
Avison Young Reveal Top Trends Impacting CRE in 2020
Avison Young has released its global 2020 Forecast, including ten trends to know for 2020, and national and local property market outlooks for the U.S. and around the world. The annual report series provides perspective on how global events, trends and indicators impact commercial real estate in a variety of sectors, …
Black Creek Group Sells its $4B Portfolio to Prologis
Industrial Property Trust Inc. (IPT) — Denver-based Black Creek Group’s sponsored investment fund — has closed on the sale of its wholly-owned real estate portfolio to affiliates of Prologis, Inc., in a deal valued at $4 billion. The transaction consisted of 236 properties located across 24 geographic areas and 37.5 million square feet …
Office/Industrial Asset on the Garden of the Gods Corridor Sells for $5.6M
NavPoint Real Estate Group has completed the sale of an office/industrial/flex asset located at 850 Elkton Drive, in Colorado Springs. Built in 1977, the property was originally a manufacturing facility for wood cabinetry and paneling. Most recently it has been used as a church campus with many classrooms, offices, an auditorium, print shop, TV/Film …
CBRE Releases 2020 Real Estate Market Outlook Report
The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s forecast in its 2020 Real Estate Market Outlook report. CBRE foresees tempered growth in the U.S. commercial real estate market next year due to uncertainty surrounding trade …
Three Industrial Properties at Eastpark 70 Refinanced
A portfolio of three Class A, newly constructed warehouse/distribution buildings that total 547,478 square feet within the Eastpark 70 development in Aurora, have been refinanced for $31.2 million. JLL worked on behalf of the borrower, Consolidated Investment Group (CIG), to place the 11-year, 3.18 percent, fixed-rate loan with an insurance company. …
Industrial Property in Littleton Sells for $1.6M
A 7,500-square-foot industrial property in Littleton has sold for $1,640,000. Jason Mayer and Jeff Brandon of NavPoint Real Estate Group represented the buyer, Kudu Roofing. The company will be relocating from 2709 W Belleview Ave b, Littleton, near Santa Fe and Belleview. The property, located at 9822 Titan Park Circle — off Highway 85 …
Centerra to Welcome NORCO Volleyball Club
Centerra, McWHINNEY’s award‐winning 3,000‐acre master‐planned community located in Loveland, joins NORCO Volleyball Club in announcing its relocation into the master-planned community. The Rocky Mountain region’s premier volleyball club will expand into a 60,000-square-foot, state-of-the-art volleyball gym, planned to open in the fall of 2020. NORCO Volleyball Club’s relocation from its …
Benchmark Commercial Partners with Global Tenant Advisory Firm
Benchmark Commercial Real Estate — a Denver-based boutique commercial real estate firm providing solutions for mid-sized tenants and buyers of office, industrial, and retail facilities — has partnered with Exis Global Tenant Representation, along side two other companies: Landmark Advisory Services (Montréal and Calgary), and The Tenant Agency (Washington, D.C. – …