Landlords Can Create Inclusive and Profitable Tenancy Options
By Jason Shepherd, co-founder of Atlas Real Estate and REACTIV Commercial Real Estate (CRE) is on the cusp of profound change in vibrant markets like Denver. For too long, the norm has been to fill vacant space with yet another bank branch or chain restaurant rather than offering young creatives and entrepreneurs the …
Cherry Creek Plaza Fetches $54M
TerraCap Management LLC, a privately held investment firm out of Estero Florida, has acquired Cherry Creek Plaza in Glendale for $54 million. Cherry Creek Plaza is comprised of two thirteen-story office buildings totaling 335,000 square feet of Class A office with structured parking. The property features numerous amenities, including a newly renovated …
In-Demand Office Building Sells in Cherry Creek North
A 6,857-square-foot office building located at 180 Adams Street in Cherry Creek North has changed hands. With undeveloped sites few and far between in this submarket, existing office buildings with potential for redevelopment are in high demand. Monica Wiley and Jeff Wood with CBRE Capital Markets represented the seller, Pete Perry and …
Interest Rates Hit All-Time Low as Coronavirus Spreads
While the coronavirus will weigh on the U.S. economy in the first quarter, growth should be sustained. According to the Marcus & Millichap special report on the virus outbreak, expectations of weaker exports, reduced tourism and supply chain-related shortfalls will moderate the pace of economic growth. However, low unemployment and comparatively strong consumption levels should …
Office Property in Sought-After Bonnie Brae Neighborhood Sells for $1.5M
An office property located at 1280-1288 South Clayton Street in Denver’s Bonnie Brae neighborhood, has sold for $1.485 million. Monica Wiley and Jeff Wood with CBRE Capital Markets in Denver represented the seller, the Estate of Carol L. Bethune from Denver. Endo of Cherry Creek Properties, LLC, also from Denver, purchased the …
DMCAR Pays Tribute to “Heavy Hitters” in Commercial Real Estate
The Denver Metropolitan Commercial Association of REALTORS® (DMCAR) honored its top commercial real estate producers of 2019 in land, industrial, multi-family, office, investment, retail, and small office broker categories at the association’s annual Heavy Hitters Awards. In addition, DMCAR recognized its Young Broker of Denver, Top Landlord companies in the …
Light-Rail Expansion Highlights Office and Investor Demand in Denver
Denver’s office market is remarkably resilient and healthy, according to Marcus and Millichap’s 2020 Office Investment Forecast. Developers have remained disciplined when considering new projects over the past few years. Even speculative office space is largely focused in the major office districts of LoDo, the CBD and near the Denver …
Etkin Johnson Announces Plans for Industrial/Flex Campus with I-25 Visibility
Etkin Johnson Real Estate Partners is continuing to make moves throughout the Front Range’s emerging submarkets. Today, the firm announced the acquisition of a 14.18-acre parcel along I-25 near Crossroads Boulevard in Loveland with plans to develop a two-building, 200,000-square-foot industrial/flex campus dubbed Axis 25. The purchase – which offers …
Office Asset in Colorado Springs Sells for $15M
Centennial Technology Center, located at 4820 and 4920 Centennial Boulevard in Colorado Springs, has sold for $15 million to Alturas Capital Partners of Eagle, Idaho. Patrick Devereaux, James Brady and Campbell Davis of CBRE’s Denver office represented the seller, Presidio Property Trust from San Diego, Calif. “Centennial Tech is a …
Multi-Tenant Office/Flex/R&D Investment Asset in Broomfield Sells for $11.2M
A 65,127-square-foot multi-tenant office/flex/R&D investment asset at the Interlocken Business Park in Broomfield, has sold for $11.2 million. NavPoint Real Estate Group represented the seller, Silverwood Investments LP of Castle Rock, in this transaction. The buyer, 295 Interlocken Boulevard LLC, was represented by Eric Rutherford of WK Real Estate. The transaction successfully closed in February …