ConstructionDevelopmentOfficeRetail

Construction Begins on 6-Story Commercial Building in Cherry Creek North

Denver-based real estate investment company BMC Investments (BMC) has begun construction on a 76,000-square-foot, six-story commercial building at 240 St Paul Street in Cherry Creek North. A yet to be announced, world class fitness club and popular fitness brand will anchor the new building, taking 33,000 square feet on the first three floors.  …

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FeatureOfficeRetail

Navigating a Return to the Workplace

By Katie Rapone, editor. As restrictions are lifted surrounding the global economic crisis of COVID-19, businesses will reopen and organizations will begin to bring workers back into the physical workplace. The safety of their employees is paramount in this process and many companies are looking to the CRE industry to …

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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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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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