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Every reporter on our staff has covered Colorado commercial real estate news for more than a decade, through the highs and lows in the commercial real estate cycle.

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Picerne breaks ground on City Park project

29 September 2014 | Posted in Multifamily
A Southern California-based real estate firm recently broke ground on Venue on 16th, a 180-unit apartment community in City Park. The Picerne Group, a privately held firm, with a regional office in Denver, is the developer of the community at 2900 E. 16th Ave. The community is expected to be ready for leasing in late 2015.  “This is truly an infill project in the historical and iconic City Park neighborhood, which is experiencing a lot of growth and redevelopment,&rd…

Winn & Richey join CBRE

29 September 2014 | Posted in Office, Denver Market
A top Denver commercial real estate investment team has switched firms and joined CBRE. Mike Winn and Tim Richey formerly were with Cushman & Wakefield of Colorado, where they had been since 1998. The two have completed billions of dollars in transactions since teaming up more than 20 years ago. Members of their investment brokerage team, including Chad Flynn, Kristine Reine and others, reportedly will join Winn and Richey at CBRE. "We thank them for their contributions to …

Issues to consider with leases and insurance

29 September 2014 | Posted in Law & Accounting
Craig FleishmanManaging director, Fleishman & Shapiro PC, Denver It is often the case that commercial leases require a tenant to obtain “x” amount of insurance naming the landlord as an additional insured. There are multiple issues associated with this sort of scenario, which both the tenant and the landlord should be aware of and consider to maximize their protection.  No insurance company will permit, from an insurance coverage standpoint, one insured to s…

White Construction to take flight

29 September 2014 | Posted in
Metro Denver’s largest to-date adaptive reuse urban marketplace is set to take flight early next year. White Construction Group was selected as the construction manager/general contractor for Stanley Marketplace – the brainchild of Flightline Ventures – and the transformation of a former manufacturing facility into a destination marketplace.  Read the entire article in the Oct. 1-Oct. 14 issue of the Colorado Real Estate Journal. 

Arrow Electronics to relocate headquarters

29 September 2014 | Posted in Office, Denver Market, Economic Development
Arrow Electronics plans to move its headquarters to a 128,000-square-foot Class A office building off Interstate 25 at Dry Creek Road in Centennial. Arrow signed a lease for the building at 9201 E. Dry Creek Road and expects to begin moving into the space in December, according to Dawn Small, director of Global Communications Services. “The new space will serve as a central location for approximately 500 employees who will relocate primarily from other Denver-area campuses…

Jeffco lands FedEx facility

29 September 2014 | Posted in Industrial, Economic Development
FedEx Ground reportedly is planning construction of a 210,125-square-foot distribution facility at Verve Innovation Park at Rocky Mountain Metropolitan Airport in Jefferson County. The facility would occupy an 18.83-acre site just west of the intersection of Simms Road and West 112th Avenue, according to documents filed with Jefferson County. FedEx Ground wouldn’t comment on its plans, except to state, “FedEx Ground continuously evaluates opportunities that can enhan…

Dizzying pace of development underway

29 September 2014 | Posted in Retail, Office, Denver Market, Construction, Design & Engineering, Hospitality, Economic Development
Construction is underway on nearly every block of Cherry Creek North, with office, retail, apartment units and hotels going up at a dizzying pace. NAIOP Colorado showcased a half-dozen projects at its annual walking tour Sept. 10, and tour guides were quick to point out many other developments turning what once was a boutique shopping and dining district into a world-class area where people shop, work and live. Cherry Creek always has been “the A location in Denver” …

Miss America competitor joins ARA

27 September 2014 | Posted in Multifamily, Denver Market
With a freshly minted MBA in hand, a pre-med background and most uniquely, a Miss South Carolina title and Miss America competition on her resume, the athletic Anna Perry in 2011 was hired to launch and stabilize the ARA Mid-Atlantic office in Washington, D.C.       Within her first year, she had another credit on her curriculum vitae: Experience with $1.85 billion in multifamily deals, which included analyzing and valuing $1.5 billion in apartments and s…

Stapleton could get rooftop restaurant

27 September 2014 | Posted in Retail, Denver Market
Tyler Carlson, a principal of Evergreen Development, is in the early stages of exploring that possibility of the type of tenants that would be the best fit for it 22,600-square-foot retail portion of the proposed Eastridge Town Center at Stapleton.       “We would love to have two, local, chef-driven, sit-down restaurants,” Carlson said.       “Our dream would be to have a rooftop patio,” he said.  &…

AA&C, CREJ sponsor bus tour

27 September 2014 | Posted in Multifamily, Denver Market, Boulder County & U.S. 36 Corridor
An apartment building with finishes and amenities that are as nice as those found in a Four Seasons or Grand Hyatt Hotel.      Another community on what is believed to be the highest point on Denver with a resort-style Lazy River swimming pool.And plenty of bike-maintenance rooms, gyms as nice or nicer commercial facilities and dog washes.       These were some of the features of the nine apartment communities recently toured by more than 1…

MOTO opening in 2015

26 September 2014 | Posted in Multifamily, Denver Market, Finance & Appraisal
First Bank of Denver has provided a $9.5 million construction loan to Denver-based Elevation Group LLC for its 64-unit MOTO apartment building at 820 Sherman St. in Capitol Hill.       The building is called MOTO for “Middle of Town,” because while it technically is in Capitol Hill, it is close to the trendy Governor’s Park and Golden Triangle neighborhoods in Denver.       “I really like that location,&rd…

Entrepreneurs to get public space

25 September 2014 | Posted in Denver Market, Economic Development
The Downtown Denver Partnership is close to inking a lease with the city of Denver to create a free, public space for people looking to start their own companies. The partnership will lease the 40,000-square-foot building at 1245 Champa St. in downtown Denver for $1 to establish a space where entrepreneurs in any industry can work, collaborate, and get information on starting and growing companies. “We envision a place that is a public park for entrepreneurs,” Tami Do…

Steele Creek celebrates topping out

24 September 2014 | Posted in Construction, Design & Engineering
Developer BMC Investments and contractor Haselden Construction recently celebrated the topping out and opening of a preleasing office for the Steele Creek luxury apartment community. Steele Creek is a 218-unit, residential building on the southeast corner of First Avenue and Steele Street in Cherry Creek. The building, which will have more than 17,000 square feet of ground floor retail space, features one large space of almost 14,000 sf fronting Steele Street. Amenities include …

Join the Colorado Real Estate Journal

22 September 2014 | Posted in
The Colorado Real Estate Journal is seeking a reporter to join our editorial department, covering various aspects of commercial real estate, including property management news, association events, commercial transactions, etc. Must be a self-starter and excellent writer with a firm grasp of AP style. Full-time with flexible hours, excellent benefits.  Qualifications:Journalism degree with five years' publication experience. Excellent writer with firm grasp of AP style. Must …

Hannay buys prime site

16 September 2014 | Posted in Retail, Denver Market
A partnership formed by Phoenix-based Hannay Realty Advisors has purchased a key site between Lower Highland an the Central Platte Valley that could be redeveloped into a five-story, 225,000-square-foot development. The 20,190-sf buildings on the site are le 100 percent leased to Natural Grocers by Vitamin Cottage and Confluence Kayaks. Zoned CMX-5, the site of more than an acre Currently zoned CMX-5, allows many mixed-use development opportunities, with a potential maximum …

Frontier Renewal buys Gates site

15 September 2014 | Posted in Denver Market, Economic Development
Denver-based Frontier Renewal, a brownfield redevelopment company, has closed on the acquisition of more than 41 acres of the former Gates Rubber property in Denver. Frontier will complete remediation and cleanup, re-entitle the property and prepare it for redevelopment. The Gates property is a transit-oriented development site with adjacent light rail at Interstate 25 and Broadway. The station is the busiest of 44 light-rail stations in the metro area, with 14,000 riders per mon…

AEW rides rising tide with Waterview I-III

15 September 2014 | Posted in Office, Denver Market
AEW Capital Management acquired a trio of Class A office buildings in a bid to capitalize on the strengthening southeast suburban submarket. AEW bought Waterview I, II and III, which combine for 365,985 square feet, from CalSTRS, which was advised by Clarion Partners. The price was not released, but public records show it was $66.85 million, which amounts to $182.66 per sf.  “Waterview was an opportunity to invest in a market that is experiencing strong upward momentu…

Westminster flex buildings sell for $7.3m

15 September 2014 | Posted in Industrial, Denver Market, Boulder County & U.S. 36 Corridor
A six-building flex park in the northwest submarket recently sold for $7.3 million, or $109.28 per square foot. Affiliates of Aurora-based Matrix Group Inc. bought the 66,801-sf MetroTech Centre at 12001-12071 N. Tejon St., just west of Interstate 25 on the 120th Avenue corridor in Westminster. The buildings were approximately 82 percent occupied, providing an opportunity to lease up the vacancy and roll below-market rents up to market rates, according to CBRE. Some projects in t…

SCL relocates headquarters to Broomfield

15 September 2014 | Posted in Office, Denver Market, Boulder County & U.S. 36 Corridor, Economic Development
SCL Health will relocate its corporate headquarters from Denver into 104,683 square feet of office space in Broomfield next year. SCL will occupy the second and third floors of a building at 500 Eldorado Blvd., on the Oracle campus, said Chad Kollar, managing principal of Cresa. Kollar represented Oracle Corp. in the transaction. The health system’s Revenue Service Center and administrative offices for SCL Physicians network already are located in 113,839 sf in another bui…

Design incorporates mountain, urban influences

14 September 2014 | Posted in Denver Market, Construction, Design & Engineering
KTI celebrated the recent opening of Guard and Grace, a downtown Denver restaurant intended as a “feast for the eyes.” The steakhouse was designed by KTI for chef-owner Troy Guard’s TAG Restaurant Group and named for his daughter. Guard and Grace was planned as a modern steakhouse with a less overtly masculine interior featuring natural light and clean lines. “Our goal was to interpret Troy’s vision of a modern progressive steakhouse with mountain a…