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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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Gander Mountain coming to Parker

2 September 2015 | Posted in Retail
Gander Mountain on Wednesday said it will open a 57,600-square-foot store in Parker in the spring of 2016.       “Colorado is an outdoors paradise and Gander Mountain is the place to go for outdoors enthusiasts who are seeking the best selection, service and prices,” said Gander Mountain’s CEO David Pratt.       “We are happy to bring a new Gander Mountain store to the people of the Front Range, where outd…

Glendale 180 update

1 September 2015 | Posted in Retail, Hospitality
The City of Glendale on Tuesday unveiled an updated conceptual design plan for the Glendale 180 Project as progress continues toward making the development into a reality.  With the question of whether a parcel of land at Virginia Avenue and Colorado Boulevard would be part of the development resolved, Glendale 180 is poised to make continued progress with a revised plan that does not include that property.  “We are excited to build upon Glendale’s entertai…

City Center Marketplace sale a 'win-win'

31 August 2015 | Posted in Retail, Denver Market
Gart Properties recently sold the City Center Marketplace in Aurora. Gart had owned the 234,255-square-foot shopping center at 15300 E. Alameda Parkway since 2000. “We do hold a lot of things forever, for sure, so this is a little bit uncharacteristic for us,” said Mark Sidell, president of Gart Properties. “At the same time, the market is a place where it is appropriate form tie to time to take some gains,” Sidell said. Gart sold the center for $20.2 m…

Powers, White team up for Platte project

31 August 2015 | Posted in Retail, Office, Denver Market, Economic Development
Veteran Denver developer Susan Powers had ridden her bike past the old, brick building on a site along the South Platte River many times. And like just about everyone else, she had seen the building driving south on Interstate 25, near the Sports Authority Field at Mile High. Now, Powers, principal of Denver-based Urban Ventures, and Tim White of Castle Rock-based White Construction own the 3.2-acre site anchored by the three-story warehouse at 1401 Zuni St. They are redevelopi…

ARA raises equity for MCRT Brighton

31 August 2015 | Posted in Multifamily, Denver Market, Finance & Appraisal
Dallas-based Mill Creek Residential plans to break ground this month on the $90 million, 362-unit MCRT Brighton apartment community. The luxury community on a 2.92-acre site at 2890 Brighton Blvd. is the latest apartment community coming to RiNo. And its location at Brighton Boulevard and 29th Street is considered the “gateway” to RiNo, according to Chris Cowan of ARA Newmark. Cowan, and his ARA Newmark partner Steve O’Dell, sold the property to Mill Creek. I…

Zen Center sells

31 August 2015 | Posted in Denver Market
Billy Riesing knows he could have quickly sold the historic Zen Center of Denver building at 3101 W. 31st Ave. many times over if not for its single-family zoning.       “It’s at the gateway to (West) Highland, which has been one of the hottest, if not the hottest, neighborhoods in Denver for the past several years,” said Riesing, of Pinnacle Real Estate Advisors.       In fact, a number of well-known “hea…

Etkin Johnson on a roll at CTC

31 August 2015 | Posted in Industrial, Denver Market, Boulder County & U.S. 36 Corridor
Etkin Johnson Real Estate Partners is leasing up speculative buildings at the Colorado Tech Center in Louisville faster than it can deliver them and intends to keep rolling right along. Packers Plus Energy Services (USA) leased Etkin Johnson’s newest tech center building, a 59,137-square-foot industrial/flex building under construction at 1960 Cherry St. An oil and gas services company with operations in Canada and throughout the U.S., Packers Plus is expanding its presence…

Sidford Capital beats train to Olde Town

31 August 2015 | Posted in Retail, Office, Denver Market
Sidford Capital LLC, through subsidiary Grandview-Reno LLC, has acquired a trio of mixed-use buildings in busy Olde Town Arvada. Grandview Plaza and Reno Place comprise 35,052 square feet of fully leased office and retail space at 7600-7674 Grandview Ave. and 5601 Wadsworth Blvd., on the southwest and northwest corners of Olde Wadsworth and Grandview. They are a half-block from the Olde Town commuter rail station opening next year and a transit-oriented development that will incl…

UCCS starts $60M community arts center

30 August 2015 | Posted in Colorado Springs & Southern Front Range, Construction, Design & Engineering
A new hub for the arts in southern Colorado is coming. A groundbreaking ceremony recently was held for the $60 million University of Colorado Colorado Springs Ent Center for the Arts – to be the fifth largest building at UCCS – which will serve the campus and the Colorado Springs community. The 92,000-square-foot building, located on North Nevada Avenue, just north of the UCCS Lane Center for Academic Health Science and across from the University Village Colorado Sho…

Carried interest and the fee waiver trap

30 August 2015 | Posted in Finance & Appraisal
Bryan AdamSenior tax manager, Anton Collins Mitchell LLP, Denver Carried interest has always been a point of contention with the IRS. On July 23, the IRS issued proposed regulations in an attempt to close one aspect that it has always viewed as abusive. A carried interest is a common vehicle used to compensate a service partner (an individual/entity) for setting up and managing an investment. This usually includes raising capital from investors, identifying and securing the inve…

Parc at Briargate sells for $23.5 million

30 August 2015 | Posted in Multifamily, Colorado Springs & Southern Front Range
A Denver-based firm added its second Colorado Springs apartment community to its portfolio with its acquisition of the Parc at Briargate. Coughlin & Co. paid $23.5 million, or $119,898 per unit, for the 196-unit property located at 8175 Summerset Drive. “We are looking to grow our Colorado Springs portfolio,” said Denny Coughlin of Coughlin & Co. “We think that there are strong fundamentals in the market. “Parc at Briargate is a well-run, well-ma…

Cherry Creek adds new stores

27 August 2015 | Posted in Retail, Denver Market
Cherry Creek Shopping Center on Wednesday announced three new stores and Colorado’s first Rise Pies Handcrafted Pizza will join its shopping and dining lineup starting this fall.  Several new and relocated stores are set to open in the center’s nearly complete 90,000 square-foot redevelopment project.  “Cherry Creek’s transformation is almost complete and the redesigned space will be worth the wait,” said the center’s general manager…

City House leasing underway

26 August 2015 | Posted in Multifamily, Denver Market
  Wood Partners LLC is leasing City House, a 280-unit, five-story mid-rise apartment community in the heart of Denver’s Union Station/Riverfront Park redevelopment. The $62 million luxury development at 1801 Chestnut St. is complete and already 78 percent leased.  Wood Partners developed Alta City House along with East West Partners, the developer of Riverfront Park and the Union Station neighborhood, and USAA Real Estate Company. Wood Residenti…

Bradbury, Confluent to build 100,000 sf

17 August 2015 | Posted in Industrial, Denver Market
Local developers Bradbury Properties and Confluent Development have teamed up to build out the remaining 72 acres at HighField Business Park, starting with a 100,000-square-foot speculative industrial building. HighField Building 5 will be the fifth building to be built in the business park near E-470 and Peoria Street in the last five years. The most recent spec building, completed in spring 2014, is fully leased.  “The market is tight. If you’re a tenant looki…

Denver Design District adds creative office space

17 August 2015 | Posted in Office, Denver Market
The developer of the Denver Design District will transform a 60,000-square-foot showroom building into creative office space, setting the stage for office development in the evolving mixed-use, transit-oriented neighborhood between Broadway and Interstate 25. “We’re looking to reposition this asset as a kind of suggestion of where we’re going in the future,” said Chris Waggett of D4 Urban LLC. The building at 575 S. Broadway will offer wide-open, sky-lit …

Concord industrial building sells for $5.22M

17 August 2015 | Posted in Industrial, Denver Market
A Class A office/warehouse building in Concord Business Center sold to a Boulder investor in a $5.22 million, off-market deal. Cary St. Onge bought the 54,280-square-foot building at 8530 Concord Center Drive at a 7.5 percent cap rate. Case Concord LP, a user/investor, sold the property just after Lewan and Associates inked a lease for the last available 24,080 sf. Listing broker Peter Beugg of JLL said the seller planned to begin marketing the property once the Lewan lease was …

Construction starts on Google's Boulder campus

16 August 2015 | Posted in Boulder County & U.S. 36 Corridor, Construction, Design & Engineering
Construction has started on the latest milestone to Colorado’s tech sector – Google’s Boulder campus. A groundbreaking ceremony recently was held for Google’s Boulder campus, a 4.3-acre site near the southwest corner of 30th and Pearl streets, where three, roughly 100,000-square-foot buildings will be constructed. Construction began on Phase 1 of the campus, which includes the first two buildings, and is expected to open in early 2017. While under constru…

Reviving Colorado, one historic building at a time

16 August 2015 | Posted in Law & Accounting
Kerry RoetsTax manager, Anton Collins Mitchell LLP, Denver Joseph SaldibarArchitectural services manager, History Colorado, Denver If you’re in the business of redeveloping older buildings and aren’t aware of federal and state incentive programs surrounding the rehabilitation of historic structures, you could be missing out on key financing opportunities for your project. By combining both the Federal Historic Tax Credit and the ne…

Griffis/Blessing buys Union Heights

16 August 2015 | Posted in Multifamily, Colorado Springs & Southern Front Range
Griffis/Blessing Inc. is taking to new heights its newly acquired Colorado Springs apartment community. The firm paid $22 million, or $124.53 per square foot, for the Union Heights Apartments, a 220-unit property at 4770 Nightingale Drive, where it already has initiated capital and operational improvements. “Union Heights is poised for rent growth. Our proven value-add capital improvement plan will give us the opportunity to showcase the community’s potential,”…

Starwood makes big apartment play

16 August 2015 | Posted in Multifamily
When a lot of people hear the name “Starwood,” it would understandable if they think of hotels. After all, Starwood Hotels and Resorts is the largest owner of hotel units in the country.  But Starwood Capital Group also is a big player in apartments.  In total, it has purchased 87,000 apartment units and condos nationwide.  Most recently, Starwood paid $93.1 million to the Holland Partner Group portfolio.  The value-add portfolio included two c…