DevelopmentRetail

Evergreen Devco Acquires Six Acres for Retail Development in Thornton

Evergreen Devco, Inc., a leading retail and multifamily development company with headquarters in Denver and Phoenix, has acquired 5.86 acres of land at the northeast corner of 144th Avenue and Washington Street in Thornton, for another shopping center development, called Dry Creek Commons. Dry Creek Commons, located adjacent to the …

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IndustrialMultifamilyOfficeReportsRetail

Denver a Top Target for Commercial Real Estate Investment

DENVER — A recent survey of commercial real estate investors ranked Denver as a top target among Americas metros. Denver advanced for the third year in a row, jumping two spots to tie with Atlanta at No. 5 in CBRE’s 2019 Americas Investor Intentions Survey. The survey, which covers all asset types, found …

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DesignDevelopmentRetail

Disruptive Convenience Store Format Coming to Colfax

DENVER — Denver-based Choice Market has announced plans for a disruptive, multi-modal convenience store format on the site of a former restaurant on Colfax Avenue.  Choice combines the operating hours, store size, and transaction times of a traditional convenience store with the product selection of a natural grocery and fast casual …

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BrokerageOfficeRetail

Prominent Office and Retail Building in Golden Sells for $15.9M

GOLDEN — Clear Creek Square, a mixed-use office and retail building located at 600-650 12th Street in downtown Golden, has sold for $15.9 million. Campbell Davis, James Brady and Blake Harris with CBRE represented the seller, Karlin Golden, LLC of Los Angeles. The Colorado State Land Board, an agency that leases trust lands …

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Retail

Amazon to Close 87 U.S. Pop-Up Stores

View here Amazon has announced it will close all 87 of its pop-up stores in the United States, as its retail strategy evolves. According to a New York Times article,  Amazon will be end its kiosk experiment, which began in 2014, by the end of April. The pop-up shops typically …

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InvestmentProperty ManagementRetail

Dunton Commercial Acquires Thornton Value Add Retail

THORNTON — Dunton Commercial, a commercial real estate company offering Property Management, Accounting, and Advisory Services, has acquired a 112,808-square-foot, value-add retail center in Thornton, known as Huron Plaza. The acquisition of Huron Plaza is the first for Dunton under its new ownership group. “The principals of Dunton each have significant investment experience, but …

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BrokerageDevelopmentRetail

Play Street Museum to Open Norwood Shopping Center in Colorado Springs

CBRE announced that Play Street Museum will make its Colorado debut at the Nor’wood Shopping Center, located at 7075 Austin Bluffs Parkway. The children’s museum is leasing 3,039 square feet at the Safeway-anchored retail center with plans to open its doors in the second quarter of 2019. Whitney Johnson with …

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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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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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Retail

Payless ShoeSource to Close all U.S. Stores

View here Following its bankruptcy filing in 2017, Payless ShoeSource has announced it will close all 2,100 of its stores in the United States and Puerto Rico, as it moves toward liquidation. According to the Payless website there are 20 stores in Colorado. According to the Associated Press, stores will remain …

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