DevelopmentIndustrialReports

Denver Industrial Vacancy Rate Ticks Up in Q1 2019

DENVER — According to Transwestern’s national industrial market report for the first quarter of 2019, the overall vacancy rate for industrial buildings ticked up for the first time in nine years, to 4.8 percent. Despite the increase, due in large part to speculative construction projects delivered to the market, net …

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ConstructionDevelopmentIndustrial

Southwest Airlines to Build $100M Maintenance Hangar at DIA

DENVER — Southwest Airlines has announced plans to begin construction on its first maintenance hangar at DIA this summer. The nearly $100 million investment will allow Southwest’s Mechanics to work on up to three aircraft inside the 130,000-square-foot hangar. There will be parking and facilities outside the hangar for eight additional aircraft. …

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BrokerageConstructionDevelopmentIndustrial

JAG Logistics Center at DIA Breaks Ground

AURORA — JAG Logistics Center at DIA, a new 250-acre industrial park located immediately south of DIA in Aurora has officially broken ground. The approximately one million square foot initial phase is located on 75 acres that is part of the Porteos development and is one of the first new industrial …

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ConstructionDevelopmentIndustrialOffice

Site of Future Master-Planned Industrial Development in Thornton Sells for $4M

THORNTON— Approximately 67 acres of industrial zoned land in Thornton has sold for $4 million to a newly formed joint venture between RMS Properties Company and Bow River Capital. The development team is planning a master-planned industrial development at Washington Street and 148th Avenue. Matt Trone, SIOR, Steve Hager, managing …

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DevelopmentIndustrial

Etkin Johnson Acquires 28 Acres in Southeast Denver

DENVER — Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has acquired a 28.35-acre parcel located at the southwest corner of S. Chambers Road and Compark Boulevard, just north of E-470 within the Compark Business Park. The firm plans to …

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IndustrialMultifamilyOfficeReportsRetail

Denver a Top Target for Commercial Real Estate Investment

DENVER — A recent survey of commercial real estate investors ranked Denver as a top target among Americas metros. Denver advanced for the third year in a row, jumping two spots to tie with Atlanta at No. 5 in CBRE’s 2019 Americas Investor Intentions Survey. The survey, which covers all asset types, found …

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BrokerageIndustrial

Robinson Dairy Offers a Clean Slate

DENVER – Robinson Dairy, located at the northwest corner of 6th Avenue and I-25, is one of the most iconic and recognizable properties in Denver. The property is owned by Central Development and currently leased to Dean Foods through Aug. 15, 2019, at which time it will become available for lease or …

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DevelopmentIndustrialOffice

United Properties to Expand INOVA Business Park

DENVER — United Properties recently acquired an additional 43 acres to expand its successful INOVA Business Park in Centennial. Located at the intersection of Lima Street and Easter Avenue, the 43-acre, multi-building site will be named INOVA Aero and be slated for both office and industrial use, following on the heels …

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BrokerageIndustrialMultifamilyOfficeReportsRetail

Continued Cap Rate Stability Expected in H1 2019, Predicts CBRE

DENVER – Strong economic growth, abundant capital, and a favorable supply and demand environment led to broadly stable capitalization rates for U.S. commercial real estate assets in the second half of 2018, according to the latest research from CBRE. The CBRE North America Cap Rate Survey provides insights on movements for the major property asset classes. …

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BrokerageIndustrial

BKM Capital Partners Acquires Industrial Property in Denver for $24.3M

DENVER – Newport Beach firm BKM Capital Partners has acquired its second Denver property; Valley Business Center, a 203,231-square-foot, five-building multi-tenant light industrial property located at 700 West Mississippi Avenue. The institutional fund manager purchased the property for $24.3 million. BKM Capital Partners acquired Valley Business Center from Mountain West Industrial Properties. …

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