Unico Properties Launches Development Segment in Denver with Mixed-Use on Platte
View here Unico Properties, LLC unveils its development arm in Denver with the recent announcement of a mixed-use property located at 1615 Platte Street. Unico, which has developed several mixed-use properties in Washington and Oregon, has had a presence here in Denver since 2006 purchasing real estate. open studio | …
Union Tower West Confirms First Tenant
View here Husch Blackwell is the first tenant to sign a lease at Union Tower West, the mixed-use development across from Union Station. This 210,000 SF, $92 million project includes 100,000 SF of Class A office space, 10,000 SF of retail, and a 180-room Hotel Indigo. The project broke ground in April …
Marcus & Millichap Arranges Sale Tri-Peak Plaza Retail Property
Colorado Springs, CO – Marcus & Millichap announced the sale of Tri-Peak Plaza, a 46,354 SF retail property located in Colorado Springs, CO. The asset sold for $6,000,000 according to Richard A. Bird, regional manager of the firm’s Denver office. Garrette Matlock, a senior associate in Marcus & Millichap’s Denver …
Pinnacle Real Estate Advisors Completes $4.8M Sale Centennial Corners
Centennial, CO – Pinnacle Real Estate Advisors facilitated the recent sale of Centennial Corners, located along 10909 E. Arapahoe Road in Centennial. The 18,719 SF retail center includes tenants such as Qdoba, Game Stop, Domino’s, Anytime Fitness, and Bawarchi Biryani Point. Tom Ethington and Robert Edwards of Pinnacle represented the seller, Woodbury Corp., …
Saunders Construction Celebrates Topping Out of Denver’s Dairy Block
Denver, CO – Saunders Construction, Inc., is thrilled to announce the topping out of Denver’s Dairy Block project, a high profile mixed-use development in LoDo that will feature office, retail and a luxury boutique hotel. This construction milestone indicates vertical construction is complete. “For Saunders this is a really exciting project that …
Matthews Retail Advisors Facilitates $4M sale of Quincy Corners
Aurora, CO – Matthews Retail Advisors arranges the $4 million sale of Quincy Corners retail center located at the corner of E Quincy Avenue and S Reservoir Road in Aurora, Colorado. The complex is anchored by Big 5 Sporting Goods. The seller, Spirit Realty Capital, was represented by Patrick Toomey …
Downtown Denver Partnership Releases 2016 State of Downtown Denver Report
Denver, CO – The Downtown Denver Partnership issued today the 2016 State of Downtown Denver report. The annual report, funded in part by the Downtown Denver Business Improvement District, is one of the most comprehensive statistical looks at the stories and statistics behind a thriving center city, detailing increasing investment, strong …
Denver Building Boom Reaches $4.2 Billion
Denver, CO – CBRE Research releases their latest Market Flash for the Denver construction market, which is reporting nearly $4.2 billion of commercial building in progress (excluding single-family residential, healthcare and infrastructure projects). Multifamily and hospitality projects are recorded as representing 74% of the total value. Graphic courtesy of CBRE Research
Fort Collins Shopping Center Changes Hands
Fort Collins, CO – Marcus & Millichap, recently announced the sale of a 18,988-square foot retail strip that is a portion of a Mulberry & Lemay Crossings, a 328,495-square foot retail property in Fort Collins, Colo., anchored by Walmart and Home Depot. Garrette Matlock, an investment specialist in Marcus & Millichap’s …
Marijuana Driving Up Retail Rents Commercial Real Estate Market
View here Lee and Associates’ principal, Paul Hallberg, provides insights into how marijuana retail locations are driving up rents in the retail commercial real estate market. Rental rates which are averaging $30/SF for marijuana retail locations are driven by the premium for space. Considerations for financing, the impact of light …