BrokerageOffice

The Citadel Building in Cherry Creek Sells for $44M

LA-based CRE investment firm Commonwealth Avenue Capital Partners, LLC (CAC Partners) has acquired The Citadel at Cherry Creek, a 131,000-square-foot, 7-story Class A office property, for $44 million. The building, previously owned by Denver-based Amstar, was fully leased at the time of sale, with anchor tenant New York Life Insurance Company occupying more …

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BrokerageDevelopmentIndustrialOfficeRetail

Leasing of Flex Space in Frederick Prompts Neighboring Land Sale

5.03 acres of land located at 4465 Salazar Lane in Frederick, CO has sold for $700,000. In addition, 100 percent of the 12 units at a new 30,000-square-foot flex space in a neighboring area located at 4030 Bruin Blvd, were leased to small business owners including contractors, financial advisor, coffee roaster, pool …

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ConstructionOffice

Wells Concrete Opens Innovative Office and Manufacturing Facility in Brighton

Wells Concrete, one of the top five precast providers in the U.S., has opened a new office and production facility located at 2145 East Crown Prince Boulevard in Brighton. The state-of-the-art manufacturing facility will enhance current capability, flexibility, and increase capacity with long line prestressing forms for the Denver market. Wells is consolidating its two …

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Office

Online Searches for Office Space Increase in May

According to Google Trends data, the popularity of key search terms for office listings has seen an important drop with the onset of the COVID-19 crisis. However, the last couple of weeks have brought encouraging signs that the market might already be on track for a rebound. CommercialCafe’s latest office …

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12245 Pecos Street
BrokerageOffice

2,444 SF of Office Space in Denver Sells for $760,000

NavPoint Real Estate Group  has completed the sale of a 2,444 SF newly constructed office condo located at 12245 Pecos Street, Unit 3 in Denver, Colorado. Part of the Taiva professional condo development, this unit features refined lines, upgraded designer lighting, polished concrete floors, second floor balcony, and private roof …

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MultifamilyOffice

Governor Halts Commercial and Residential Evictions

Colorado Governor Jared Polis issued an Executive Order on April 30 that temporarily prohibits the filing of eviction actions and the execution of eviction-related judgments, and bars landlords from charging late fees or penalties for a tenant’s failure to pay rent. Commercial and residential landlords are immediately subject to the …

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BrokerageOffice

Kärcher Headquarters Near DIA Available for Sublease

CBRE has been awarded the exclusive leasing assignment for the sublease of Kärcher North America’s headquarters building, located at 4555 Airport Way in Denver. Mitch Bradley, Sergio Castaneda and Megan Strauss with CBRE are marketing the property for sublease, which expires December 31, 2025. “This Class A office building is well-positioned in the …

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OfficeRentReports

Denver Office Availability to Increase in 2020

By the end of March, the rapidly evolving COVID-19 pandemic had slowed or halted nearly all Denver businesses. Several sectors with a notable corporate presence in Denver, including retail, transportation, and leisure, have suffered significantly to date.  As the forecast of a recession in the U.S. appears increasingly likely, Denver’s market dynamics have the …

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ConstructionDevelopmentOffice

World Trade Center Denver Begins Demolition Stage

On April 14, demolition began of the existing buildings at 3800 Blake St., to make way for the 350,000-square-foot World Trade Center Denver office campus. Denver-based Developer FORMATIV and Chicago-based Golub & Company expect to break ground on this highly anticipated project in the second quarter and open in 2021. The dynamic …

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DevelopmentOfficeRetail

Uplands Forms Collective to Support Placed-Based Economic Development Efforts

Uplands, a proposed mixed-use, sustainable in-fill community adjacent to the iconic “Westminster Castle,” today announced the formation of the Uplands Community Collective (UCC). Founded to create a thriving and resilient community in and around Uplands, the UCC aims to build a place-based economy that weaves food, agriculture and workforce development together …

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