Greenwood Corporate Plaza Sells for $38.4M
Private equity real estate investment firm Viking Partners Management, Inc. has acquired Greenwood Corporate Plaza, a 412,869-square-foot suburban office campus in the Denver Tech Center for $38.4 million. The acquisition is the first for Viking Partners out of its new Mountain West regional office in Denver under the direction of …
Denver Downtown + Southeast Office MarketView Q2
CBRE has newly released two research reports, Denver Downtown Office MarketView Q2 2021 and Denver Southeast Office MarketView Q2 2021. Fundamentals in the downtown Denver office market exhibited slight improvement and office fundamentals in the Southeast submarket flattened as the COVID-19 pandemic endures. Downtown Summary: Negative net absorption of 157,830 sq. …
CREW Denver Holds Mid-Year Economic Forecast
On July 14 CREW Denver held its Mid-Year Economic Forecast and happy hour at the University of Denver Knoebel Events Center. Patty Silverstein, president and chief economist of Developmental Research Partners, gave her economic forecast for 2021 which included trends in the commercial real estate and construction industry. Silverstein shared a …
Colorado-Based Software Company Signs Lease at Vista 25 At Arapahoe Station in Greenwood Village
In one of the largest direct lease transactions signed so far this year in Southeast Denver, Harbor Associates has signed Colorado-based enterprise software pioneer Nextworld to a long-term lease for 53,546 square feet at Vista 25 at Arapahoe Station (“Vista 25”) in Greenwood Village. Under the terms of the lease Nextworld …
Denver Ranks 12th on CBRE 2021 Tech Talent Report
North American tech-talent employment weathered the pandemic better than most other professions, according to CBRE’s 2021 Scoring Tech Talent report. Despite slipping from its No.7 position in 2020, Denver currently has the 12th largest tech talent labor pool nationally with 114,900 tech workers and remains a top choice for tech companies. “With …
Tributary Real Estate Purchase Recently Renovated Denver Office Building
Denver-based Tributary Real Estate has purchased Globe4Hundred, a recently repositioned office building located at 400 West 48th Ave. in Denver. JLL Capital Markets team represented the seller, NAS Properties, and the seller, Tributary Real Estate. The team was led by Managing Directors Larry Thiel and Jason Schmidt who sold their second …
CBRE Denver Office MarketView Q2 : Leasing Activity Improves as Tenant Demand Picks Up
According to CBRE’s research report, Denver Office MarketView Q2 2021, the Denver office market exhibited encouraging fundamentals in Q2 2021, posting negative direct net absorption of 430,422 sq. ft. This marks the fifth straight quarter of negative absorption, although this figure has vastly improved upon last quarter’s negative 1.1 million sq. ft. absorbed. Class B …
Pepsi Proposes Bottling Plant Near DIA
PepsiCO is planning to build a large scale bottling facility near the intersection of Tower Road and Pena Boulevard, according to a “large development review” document submitted to the City of Denver. Pepsi Co, Inc. and its affiliate, Bottling Group, LLC is under contract to purchase the 148 acres, currently owned …
Elsy Studios Completes Design of Colorado’s Health Capitol Office in Denver
Elsy Studios, a Denver‐based full-service commercial interior design firm, recently completed a new office space for Colorado’s Health Capitol, led by nonprofit organization Healthier Colorado. Located at 303 E. 17th Ave. in downtown Denver, the new 22,481-square-foot space is a first-of-its kind collaborative work environment for Colorado’s health and wellbeing …
Tributary Real Estate Acquires Mixed-Use Office Building in Globeville for $11.2M
Tributary Real Estate recently acquired a three-story mixed-use office building at 400 W. 48th Ave. in Denver’s Globeville neighborhood. The purchase was made in partnership with JLL Denver Managing Director Ken Gooden for $11.2 million. The 4.75-acre property includes 5,000 square feet of retail space and 93,000 square feet of office …