Majestic Realty Refinances Part of its Commercenter Industrial Portfolio

Allianz Real Estate, the world’s largest investor in real estate, has signed an agreement with Majestic Realty Co. to finance part of their 9-building industrial portfolio at Majestic Commercenter in Aurora. The nine non-crossed collateralized loans amount to $135 million and follow eight additional loans already provided to Majestic. “As …


Q4 Denver Office and Industrial Marketbeats

Consistently ranked among the best economies and best places to live in the country, the metro continues to attract a highly skilled workforce and an increasingly diversified tenant mix as well. According to Cushman & Wakefield’s Q4 Denver Marketbeat report, the city added over 44,700 jobs year-over-year as of November …


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. …

Industrial Market Denver

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 …