HospitalityRetail

Denver to Consider Rapid Activation of Commercial Streets

By Katie Rapone, editor, Mile High CRE In a letter to Mayor Michael Hancock, the Downtown Denver Partnership has proposed plans to temporarily shut down streets in nine of Denver’s popular neighborhoods, to allow retail and restaurants to utilize sidewalk and street space during the pandemic. According to the DDP, …

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BrokerageRetail

Boulder Shopping Center Garners Significant Lender Interest

JLL Capital Markets has arranged a $26.7 million refinancing for Alcove on Arapahoe, a 159,050-square-foot shopping center in Boulder. Alcove on Arapahoe is anchored by premier retailers including Safeway, HomeGoods, Verizon Wireless and Flower Child. The property was built in 1957 and most recently renovated in 2019. The center is …

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DevelopmentRetail

Beloved Denver Bookstore Moving to McGregor Square

After 26 years, Tattered Cover Book Store will move from its current location at the corner of 16th and Wynkoop, to McGregor Square, the new multi-use development being built adjacent to Coors Field. The iconic Denver bookstore will open in its new location in the first quarter of 2021. “We are incredibly …

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BrokerageRetail

Natural Grocers Sale Breaks New Record

A Natural Grocers store located at 18471 Green Valley Ranch Blvd. in Denver, has sold for $6,857,143, setting a nationwide pricing record for a fee-simple Natural Grocers store. Cory Gross, investment specialist in Marcus & Millichap’s Denver office, represented the buyer and the seller in the transaction. The newly constructed …

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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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HospitalityReportsRetail

Hospitality, Retail Industries Most Impacted by Coronavirus

As the current crisis impacts the worldwide economy, it is the often far-reaching chains of supply sustaining many industries that have been hurt the most. As personal and business travel has come almost to a halt, the food, manufacturing, retail, hospitality and airline industries have felt disruptions associated with the …

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BrokerageRetail

Multi-Tenant Retail Asset in Thornton Fetches $4.8M

NavPoint Real Estate Group has completed the sale of an 8,573-square-foot multi-tenant net lease investment asset located at 7315-7375 East 128th Avenue in Thornton. The transaction successfully closed in April 2020. Built in 2018, the property is a single-story masonry building situated on 1.743 acres. The exterior of the property features a roof line …

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CharityRetail

VF Corp. Donates $2M to COVID-19 Relief Efforts

VF Corporation, one of the world’s largest apparel, footwear and accessories companies with a signifiant presence in Denver, will contribute an initial $1.5 million to support local communities around the world as they respond to the COVID-19 pandemic. In addition, VF Corp. is also initiating a two-for-one community match campaign, …

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Contributed ArticleRentRetail

Rent Relief for Retail Tenants During COVID-19: A Checklist for Landlords

By Ashley Wingfield, shareholder, and Blake Hansen, associate at Brownstein Hyatt Farber Schreck, Denver As the coronavirus (COVID-19) pandemic unfolds, retail locations globally are facing closures, business slowdowns and economic uncertainty. Accordingly, retail tenants and landlords are having difficult conversations regarding the possibility of rent relief. When approaching these discussions, landlords should keep …

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BrokerageConstructionDevelopmentMultifamilyOfficeRetail

Joint Venture Receives Financing for S’PARK Railyards in Boulder

A joint venture between The John Buck Company, Kinship Capital and Element Properties, has secured $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder. JLL worked on behalf of a joint venture to secure the five-year, floating-rate construction loan through Wintrust Financial …

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