National GDP Rates
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Real Estate & Construction Industries are 2 Largest Contributors to CO GDP Growth

View here The U.S. Bureau of Economic Analysis released the Q3 2016 Gross Domestic Product (GDP) rates, indicating Colorado ranked 4th overall in Percent Change in Real Gross Domestic Product for Q3 2016. Real estate and rental leasing, and construction were indicated as the two biggest contributors to Colorado’s GDP growth. …

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Economic Forecast Event Predicts a Strong 2017, Recommend Maintaining Equilibrium & Hope in a Transitioning Economic Environment

Because of high housing costs in Colorado–the 16th highest in the country–and the importance for businesses to attract top talent within the growing Millennial workforce population, Silverstein says businesses will need to closely watch staffing needs and may need to increase compensation and benefits to attract new workers. Denver, CO …

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CBRE_Gerber Automotive
BrokerageIndustrialRetail

CBRE Completes $2.5M Sale of Gerber Automotive Property on South Colorado Boulevard

Denver, CO – CBRE Group, Inc. announced today the $2.55 million sale of two buildings leased to Gerber Automotive at 2222 and 2228 South Colorado Boulevard in Denver, Colorado. Matthew Henrichs and Brad Lyons of CBRE’s Retail Investment Services in Denver represented the seller, Sampson Properties LLC of Evergreen, Colorado. The …

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DBJ Crane Watch_Denver CO
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Several Multifamily & Mixed-Use Spaces Added to DBJ Crane Watch

View here The Denver Business Journal released another update to their commercial-real estate focused Crane Watch with the addition of several multifamily and mixed-use projects. Crane Watch is also including more information on projects including the architect of record, listing broker and general contractor information. Submit your project here. Stock …

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Wal-Mart E Commerce Center_Aurora CO
DevelopmentIndustrial

DBJ Sources Confirm Wal-Mart to Build E-Commerce Center in Aurora

View here Although it was reported on public record that Walmart Real Estate Business Trust purchased 169 acres of land just south of the Denver International Airport in July for $13.5 million, Wal-Mart did not respond to requests for comment on what it intends to do with the land. However, …

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Amazon Fulfillment Center_Aurora CO
Industrial

1M SF Amazon Fulfillment Center to Open in Aurora

View here Amazon announced today that it will be opening a 1 million square foot industrial center in Aurora. This is in addition to their 452,400 SF of industrial warehouse space at the Majestic Commercenter in Aurora. Stock photography from Pixabay    

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The Panasonic Enterprise Solutions Company (PESCO) facility is the first vertical construction project to be built at Peña Station NEXT, Denver's "Smart City" development located at the 61st Avenue and Pena Boulevard rail stop on RTD's new University of Colorado A-Line. Mortenson delivered this 112,500-square-foot facility for Westfield Company. The project is part of Fulenwider's larger 400-acre Peña Station NEXT development, where Mortenson is also providing solar and battery storage services. Designed by Farnsworth Group, the building allows PESCO to attain best-in-class facility performance and minimizes waste and environmental impacts. The primary building systems are investment-grade, tilt-up concrete panels and structural steel with extensive glazing in the office areas. Specialty electrical systems were constructed to service the testing and development needs of the ECO lab inside the warehouse and the roof-mounted solar panels. The project is pursuing LEED Gold certification. The facility accommodates 100+ PESCO engineers, scientists and management personnel of the Energy Solutions Group and Sensory Solutions Group of PESCO, as well as Panasonic CityNOW, which is Panasonic's smart city initiative in North America. This facility also includes a 24/7 network operations center that monitors a nationwide network of large-scale solar photovoltaic installations. Mortenson is also part of the team installing the patented dual incline canopies from Solaire on the carport, currently under construction, and owned by Denver International Airport. Mortenson is also building its first battery storage project at the site, as part of the Panasonic and Xcel Energy team bringing the Peña Station NEXT microgrid to life. Learn more about Mortenson's just-released study on the Rise & Future of Energy Storage or contact Gene Hodge, vice president, project development.
ConstructionDesignDevelopmentEngineeringIndustrialOffice

Panasonic Enterprise Solutions Company (PESCO) Operations & Technology Center at Peña Station Now Open

Denver, CO  – The Panasonic Enterprise Solutions Company (PESCO) facility is the first vertical construction project to be built at Peña Station NEXT, Denver’s “Smart City” development located at the 61st Avenue and Pena Boulevard rail stop on RTD’s new University of Colorado A-Line. Mortenson delivered this 112,500-square-foot facility for Westfield Company. The project …

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Gateway Industrial Building 14
BrokerageIndustrial

HFF Secures $73M in financing for 14-Building Industrial Portfolio

Aurora, CO – Holliday Fenoglio Fowler, L.P. (HFF) arranged a $73 million refinancing for a 14-building industrial portfolio totaling 1.93 million square feet of Class A distribution warehouse space in the Denver-area suburb of Aurora, Colorado. HFF worked on behalf of the borrower, PAULS, to secure two 10-year, fixed-rate, full-term …

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Leeds School of BusinessEmployment Change by Industry chart 010317
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Highlights of 52nd Annual Colorado Business Economic Outlook Forum

By: Richard L. Wobbekind, Executive Director, Business Research Division  Colorado’s Employment to Grow by 2.4% in 2017, Adding Jobs in Nearly Every Sector Colorado added 76,200 jobs in 2015, growing by 3.1% and resulting in the second-best year of employment growth since 2000. Job growth continued in 2016, at a slower …

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Confluent Development_Mikron open studio architecture_Denver CO
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Mikron Automation Expands U.S. Headquarters in Metro Denver

Denver, CO – Mikron Automation and Confluent Development recently announced the expansion of Mikron Automation’s U.S. headquarters in Arapahoe County’s Dove Valley Business Park. The industrial facility will expand to include 19,000 square feet of needed space to help support the company’s rapid growth, increasing the facility’s total size to 82,000 …

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