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 …
Delta Dental of Colorado Relocates HQ to Greenwood Village
Delta Dental of Colorado has recommitted to southeast Denver with the announcement of its HQ move to Peakview Tower, located at 6465 South Greenwood Plaza Boulevard. The company is leasing 55,438 square feet alongside the Delta Dental of Colorado Foundation. Together, the companies employ nearly 200 people who serve 1.4 …
Kipnis Architecture + Planning Open New Office in Boulder
Kipnis Architecture + Planning of Evanston, Ill. is expanding beyond the Chicago area to open a new office in Boulder. The new office in downtown Boulder opened Jan. 1, 2020 and will serve clients in and around Colorado. Nathan Kipnis, principal at the firm, earned his degree from the University of …
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 …
NavPoint Real Estate Group Facilitates Sale of Multi-Tenant Medical Office/Office Investment Asset in Centennial
NavPoint Real Estate Group is pleased to announce it has completed the sale of a Value-Add Multi-Tenant Medical Office/Office Investment Asset located at 8100 East Arapahoe Road, in Centennial, Colorado. With an excellent location in the Denver Tech Center, this building is surrounded by a myriad of retail and restaurants, …
Salesforce Selects 17th St. Plaza for New Office
Salesforce, a customer relationship management solution that brings companies and customers together, is expanding in Denver with a brand new office at the 17th Street Plaza in LoDo. Salesforce employees will begin moving into the building in late 2020, leasing three floors and adding rooftop signage. According to the Salesforce blog, the …
Denver’s Third-Tallest Skyscraper Refinanced
According to Kroll Bond Rating Agency, Morgan Stanley, an American multinational investment bank and financial services company, is lending $373 million to refinance the Wells Fargo Center in downtown Denver. Also known as the “Cash Register Building,” Owner, Beacon Capital Partners, will use the loan to replace a previous $282.2 …
Construction Update: McGregor Square (PHOTOS)
By Katie Rapone, editor of Mile High CRE. Last week, the Urban Land Institute (ULI) Colorado provided a first-hand look of one of Denver’s most eagerly awaited projects: McGregor Square. Named in honor of the Rockies’ late president, Keli S. McGregor, the project is expected to reenergize LoDo upon its completion in January 2021. Project …
Benchmark Commercial Partners with Global Tenant Advisory Firm
Benchmark Commercial Real Estate — a Denver-based boutique commercial real estate firm providing solutions for mid-sized tenants and buyers of office, industrial, and retail facilities — has partnered with Exis Global Tenant Representation, along side two other companies: Landmark Advisory Services (Montréal and Calgary), and The Tenant Agency (Washington, D.C. – …
Tenant Favorable Office Market Conditions in Denver
According to Jones Lang Lasalle (JLL), Denver’s office market recorded 262,802 square feet of direct net absorption and 349,945 square feet of total net absorption (including subleases) in the 3rd quarter, bringing year-to-date direct net absorption to 1,525,447 square feet and total net absorption to 1,490,968 square feet. Three deals contributing to POSITIVE absorption …