Historic Office Property a “Contrarian Opportunity” in Downtown Denver
Kairos Investment Management Company (KIMC) has partnered with private real estate investment firm Harbor Associates to acquire The George, an eight-story historic office and retail property totaling 91,027 square feet, located at 820 16th Street in downtown Denver. A sale price was not disclosed. “This joint venture acquisition aligns well …
CBRE Releases Mid-Year Reports for Colorado Springs
CBRE has released its Mid-Year 2022 Reports for the Colorado Springs market. The retail market posted record-high sales volume through the first half of 2022, while industrial activity remained strong and office absorption was robust. Industrial Highlights Nearly 333,000 sq. ft. of positive net absorption was recorded in the first half of the …
Retail Property Sales in Colorado Springs Up More Than 300% Y-O-Y
Two shopping centers in Colorado Springs have sold. Colorado Springs Ranch at 6010-6080 N Carefree Circle sold for $8.3 million, while Peterson Square at 6809 Space Village Avenue sold for $5.55 million in a separate transaction. According to CBRE research, in Colorado Springs retail property sales over $500,000 totaled $233.8 million for the first …
128-Room Residence Inn Planned for Hotel-Ready Site in Arvada
Raymond Management Company (RMC), a premiere hospitality development and management company out of Madison, Wisconsin, has purchased a 2.09-acre hotel pad site in Olde Town Arvada at the southeast corner of Vance Street at 56th Avenue, from Trammell Crow Company (TCC). The site is development-ready including all grading, draining, utilities and landscaping necessary to begin vertical …
Aspen Grove Shopping Center to Add Mixed-Use Community
Aspen Grove Shopping Center owner Gerrity is planning to redevelop a portion of the aging 268,000-square-foot open-air retail property — located on the southeast corner adjacent to the RTD Mineral Ave Light Rail station — into a transit-oriented, mixed-use retail center. According to Getty, the project is getting an enthusiastic response from both …
Development in Downtown Denver Continues Despite Office Vacancy Rates Hitting a Five-Year Record Low
The Downtown Denver Partnership released its annual report last week that annalizes the state of downtown. This year’s report suggests that downtown is moving forward after the significant impacts of the pandemic and highlights the exciting opportunities for growth and stabilization in the center city. Among the findings, the report …
Right Cream Now Scooping Ice Cream Out of For[a]ged at Dairy Block
For[a]ged is excited to be partnering with Right Cream to offer Denverites delicious and unique ice cream flavors this summer served from a to-go window facing Blake’s Passage in the Dairy Block Alley. Right Cream serves handcrafted ice cream paired with delicious homemade mix-ins, including cookies, toffees, brownies, caramels, sauces …
Grocery-Anchored Shopping Center in Greeley Sells for $37.5M
Centerplace Greeley, a 152,000-square-foot Safeway-anchored shopping center in Greeley, has sold for $37.55 million, according to property records. “Centerplace of Greeley dominates its region and features a tenant mix of predominantly national tenants that occupy 94% of the total gross leasable area,” said Ryan Bowlby, Institutional Property Advisors (IPA) senior director, …
Westside Submits Proposal for Denver’s Fourth-Largest Park
By Katie Rapone On July 13, Glendale-based Westside Investment Partners submitted a development concept plan for the redevelopment of Denver’s Park Hill Golf Course. Westside purchased the 155-acre property in 2019 for $24 million. Based on community input and preliminary recommendations, Westside is proposing mixed-use neighborhoods connected by 100 acres …
BMC Announce 10th Office Project in Cherry Creek North
BMC Investments (BMC) announced today its 10th project in Cherry Creek North, a new Class A office development with 90,000 square feet of office and 10,000 square feet of retail called Milwaukee Place. The new seven-story project will be built at 242 Milwaukee Street and BMC recently acquired the adjacent …