Mile High Trendy Office: CCIG Headquarters (PHOTOS)
CCIG, one of Colorado’s leading insurance brokerages, has proudly operated for the past 36 years as a family-run business. As the firm continues to grow, so has the need to establish a new headquarters to be passed on to the next generation of owners. To this aim, CCIG purchased an …
Flywheel Capital Buys Four-Building Office Campus
JLL Capital Markets has closed the $66.85 million sale and $43.69 million financing of Gateway Centre, a four-building office campus totaling 299,614 square feet in Denver. JLL marketed the property on behalf of the seller, an affiliate of Equus Capital Partners, Ltd., and procured the buyer, Flywheel Capital. Additionally, JLL …
Denver Industrial Market on Track to Set Record as Office Looks to Recover
CBRE just released its Q3 reports for metro Denver’s office and industrial sectors. Industrial net absorption and delivery volume are both on track for the highest annual totals on record, while leasing and investment sale momentum is pacing the office market toward recovery. Metro Denver Q3 Office Highlights Metro Denver posted 194,000 …
Raise Commercial Real Estate Enters Denver Market
San Francisco-based Raise Commercial Real Estate has launched an office in Denver as part of its national expansion strategy. The founding team in Denver includes real estate veterans Alex Hammerstein, Matt Harbert, Mike Deatly, Leah Weaver and Alanna Deatly. Raise believes strongly in both the current and future growth of …
Five-Story Speculative Office Project Coming to LoHi
2926 Umatilla, LLC, an entity of Generation Development, is developing a speculative office building located at 2926 Umatilla Street in the LoHi neighborhood of Denver. The planned five-story property will be situated on a small infill lot formerly used for parking. The building will total 32,734 square feet and will …
Big Tech Commits to Office, Report Says
CommercialEdge just released its October national office report, analyzing the U.S. office market’s performance through September 2021. While there has been plenty of uncertainty around how remote work will continue in the post-pandemic world, tech giants have signaled that offices will play a significant role in their future through the purchase, construction …
Denver Office Market Delays Return as Delta Variant Renews Uncertainty
While activity at the beginning of the quarter was slow, September saw a return to the increased activity seen in the previous quarter. However, according to Newmark’s Q3 Denver Office Market report, the rise of the Delta variant has once again brought uncertainty for some tenants. Many have delayed their return to the …
Unico Properties Acquires Two Office Properties in LoDo
Seattle-based private real estate investor and operator Unico Properties has purchased two office buildings, located in Denver’s LoDo submarket, for $85.5 million. ASB Real Estate Investments (ASB) completed the disposition on behalf of its Allegiance Real Estate Fund, a $7.4 billion core investment vehicle. “The sale is part of ASB’s portfolio strategy …
$3.1B Mixed-Use Development Coming to Aurora
A new $3.1 billion dollar development coming to the E-470 corridor in Aurora will bring nearly 5,000 new homes and 53 acres of parks and open space to the area. Located along 56th Ave. and E-470 in Adams County, the proposed development—Windler Public Improvement Authority—will include nearly 5,000 residential units, …
Majority of Office Workers Expected to Return in Q1 2022, Report Says
According to a new study, 40 percent of the workforce has returned to the office as of September and the majority is expected to return in early 2022. The new report, Predicting the Return to the Office, conducted by Cushman & Wakefield’s global research team, analyzes office return data from …