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 …
Union Denver Tops Out Its Third & Final Tower
Denver, CO – Holland Partner Group (Holland) and NORTH AMERICA SEKISUI HOUSE, LLC (NASH) recently announced the topping out of the third and final tower for Union Denver, a LEED Gold 580 unit mixed-use community. Located at the corner of 17th Street and Wewatta in downtown Denver adjacent to Denver’s …
Event Round-Up: Bisnow Denver’s 3rd Annual Future of Southeast Suburban
By: Julie Wanzer, LEED AP Littleton, CO – Bisnow Denver hosted the Third Annual Future of Southeast Suburban event on Wednesday, January 11, 2017 at the Denver Marriott South at Park Meadows with various members of the commercial real estate industry in attendance. The first panel entitled, The Southeast Scene: Community & …
22-Unit Multifamily in Central Denver Sold as Stabilized Asset in Five Points Neighborhood
Denver, CO — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., recently represented the seller and buyer of a 22-unit multifamily asset located at 605 26th Street in Denver, Colorado. This off-market transaction sold for $2,550,000 or $207,142 a unit and closed on December 22, 2016. 605 26th Street …
Loveland Multifamily Town Homes Acquired for $4.3M
Loveland, CO — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., recently brokered the sale of a 34-unit multifamily asset located at 701 South Tyler Street in Loveland, Colorado. The Property sold for $4,340,000 or $127,647 per unit. This off-market transaction closed on January 10, 2017. 701 South …
New Report Finds Net Zero Energy is Available for Most Building Types, but Cost & Education Remain Challenges
A new report from Navigant Research analyzes the global market for net zero energy (ZNE) buildings in the residential and commercial sectors, examining major market changes, as well as drivers and barriers, key technology and design trends, and related regulation and outreach programs. As local and global energy issues continue …
Trulia Study Cites Denver as Only Metro Area Where Homes Near Affordable Housing Had Positive Effect
By: Cheryl Young, Senior Economist at Trulia There Doesn’t Go the Neighborhood: Low-Income Housing Has No Impact on Nearby Home Values In the nation’s 20 least affordable housing markets, low-income housing built during a 10-year span shows no effect on nearby home values. Some of the nation’s least affordable markets are …
Construction-Defects Reform, Affordable Housing & Transportation Funding Hot Topics at 2017 Business Legislative Preview Breakfast
View here Several commercial real estate industry topics were discussed at the 2017 Business Legislative Preview Breakfast, hosted by Denver Metro Chamber of Commerce, the Colorado Competitive Council and the Denver Business Journal. Democrat and Republican Colorado legislators remain divided on the details to solutions to such issues as construction-defects reform, …
51-Unit Multifamily Sells $5.6M in Denver
Denver, CO – Pinnacle Real Estate Advisors, LLC sold The Powderhorn Apartment Homes in Denver. This 51-unit multifamily property includes 6 buildings total that were built in 1972. The buildings are located at 2201 – 2395 West Virginia Avenue in one of Denver’s last affordable neighborhoods. The property sold on …
300-Unit Class A Multifamily Property in Colorado Springs Receives $41M Financing
Colorado Springs, CO – George Smith Partners arranged $41 million in financing for the acquisition of The Vineyards, a 300-unit Class A apartment community in Colorado Springs, Colorado on behalf of a private real estate investment and development company. The financing, arranged by George Smith Partners’ Principal Jonathan Lee and provided by …