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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DevelopmentInvestmentOfficeProperty Management

Seattle Company Acquires Two Properties in Denver’s Largest Office Market

DENVER — Seattle-based Schnitzer West, one of the West Coast’s fastest-growing real estate investment, development and property management companies, has announced the purchase of two properties in the Denver area; Peakview Place in Centennial and 115 Inverness in Englewood. Both properties are ideally positioned near light rail stations in Denver’s southeast suburban …

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BrokerageOffice

Denver FBI HQ Sells for $73M

DENVER – The FBI’s Denver headquarters for Colorado and Wyoming is under new ownership. USAA Realty purchased the building for $73 million from London-based independent investment advisory firm 90 North Real Estate Partners, according to public records. JLL brokered the sale. The four-story, 144,143-square-foot Denver office building, located at 8000 E. 36th Ave. in Stapleton, is LEED-certified and …

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BrokerageOffice

San Francisco Firm Acquires Three-Building Boulder Office Portfolio

BOULDER — Graham Street Realty (GSR), a San Francisco-based commercial real estate firm, has acquired a three-building Boulder office portfolio with properties located at 3005 Center Green Drive, 2945 Wilderness Place, and 5665 Flatiron Parkway. The portfolio, or “The Boulder Collection,” was purchased from SteelWave, with the buildings totaling to 114,862 square …

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ConstructionDevelopmentFeatureHospitalityOfficeRetail

Denver Rock Drill Set to be the Finest Example of Industrial Adaptive Reuse

By Katie Rapone When the one-of-a-kind development Denver Rock Drill breaks ground in the fourth quarter of 2019, the vibrant new mixed-use community will both preserve and revitalize two city blocks — a 700,000-square-foot site in Denver’s historic Cole neighborhood. Not only will the development include 550,000 square feet of brand-new ground-up …

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OfficeTechnology

Strava Signs Lease in LoDo, Commits to Growing Workforce

DENVER — Strava Inc., a popular app and social network for endurance athletes that has been working hard since January 2018 to grow its presence in Denver, has signed a new lease at at 1444 Wazee St., also known as the Elephant Corral building. The San Francisco-based social network for athletes …

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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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BrokerageOffice

Northstar Commercial Partners Sells Denver Office Building

DENVER — Northfield Business Center office building in Denver’s Stapleton sold for $4.33 million on February 20, 2019. The property owned and developed by Northstar Commercial Partners, was originally bought as a strategic value-add play in 2015. The building, located at 12000 East 47th Ave., was approximately 29.6 percent leased upon acquisition, and after improving the …

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AwardsOfficeProperty Management

Two Office Buildings in Lakewood Recognized for Excellence by BOMA

LAKEWOOD — Two office buildings located at 7201 Corporate Center and 12795 West Alameda Parkway in Lakewood have been designated as BOMA 360 Performance Buildings by the Building Owners and Managers Association (BOMA) International Program Council. The two Colorado properties are part of a portfolio of six properties, all managed by The RMR …

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ArchitectureOffice

Boulder Architecture Firm Expands to Denver

BOULDER — Boulder-based STUDIO Architecture has announced their expansion to a second office at 3575 Ringsby Court, suite 414 in Denver’s RiNo neighborhood. The new office is located in Flight, the ninth phase of the TAXI campus. Jeff Dawson, STUDIO founder and principal, and Tim Ross, principal, will continue to lead the Boulder …

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