3 restaurants on tap for Union Station
Three locally owned restaurants will be the first major restaurant tenants for Union Station, Larimer Associates announced today.
The three tenants are: The Kitchen Next Door, Snooze, an A.M. Eatery. and a new restaurant and market concept by chef Alex Seidel.
All three restaurants will open in the revitalized train terminal in July 2014, each featuring a large patio for outdoor dining.
The Kitchen Next Door will occupy 4,432 square feet, Alex Seidel’s new con…
Micro housing winners announced
The Denver Architectural League has announced the winners of its Micro Housing Ideas Competition.The winning entry for the possible building with small rental units along the South Platte River,across from the TAXI development, features a facade with scaffolding of prairie grass, allowing the building’s exterior to change with each season.
The building, designed by Armando Birlain López of Querétaro, Mexico, would appear as a carpet of green in the summe…
RedPeak starts renovation of Burnsley
RedPeak Properties has started the $5 million renovation of the 17-story Burnsley Hotel, which will be renamed as The Burnsley at 1000 Grant.
The renovation is being performed by W. E. O’Neil Constructionn and will be completed in September.
The work will maintain the historic character and charm of the property’s original architecture and design, while bringing the 50-year ol…
Amstar on board with Jefferson Park community
Amstar, a Denver-based real estate investment manager, in partnership with Allied Orion Holdings, a Texas- and Colorado-based apartment developer, announced today it will soon start construction on 2785 Speer, a 332-unit apartment project on Speer Boulevard in the popular Jefferson Park neighborhood in Denver.
They are scheduled to break ground this month with a delivery date in the spring of 2015 of the community that had previously been announced.
The five-story bu…
Landscape architect prospers in tough economy
On the long plane ride from Denver to China, landscape architect Craig Karn read the best seller, “The World is Flat,” by Thomas L. Friedman.
“Hey, that is us,” Karn thought, while reading the book about how there are increasingly no geographic or other barriers to doing global business in these days of heightened technology.
“Our tiny little firm is doing this giant, transit-oriented, re…
Kendall coins TINA to describe market
When apartment investment expert Jerry Kendall talks about TINA, he isn’t referring to Fey or Turner.
Rather, Kendall, principal of Greenwood Village-based from Multifamily Capital Advisors, coined the TINA acronym that stands for “There Is No Alternative.”
TINA has never been more relevant for the Denver-area multifamily market than today, according to Kendall.
In the first quarter, the average monthly rent for all apartments set a new record of $992, accordi…
ARA handles large apartment sale
Greystar Real Estate Investments, in a joint venture with Goldman Sachs & Co., last month paid $156 million for four Denver-area apartment communities with a total of 1,003 units.
“This is the biggest single deal so far this year,” said Jeff Hawks a principal with ARA.
Hawks, along with fellow ARA team members Doug Andrews, Terrance Hunt and Shane Ozment represented the seller, Chicago-based Equity Residential Properties.
Earlier, Greystar had purchased about an…
Celebration on Wednesday for 2020 Lawrence
The public is invited May 15 to attend the official grand opening of one of the most energy-efficient apartment high-rises in the nation - the 10-story, 231-unit 2020 Lawrence in Denver’s Ballpark neighborhood.
Tesla Motors will demonstrate how its electric cars can be charged at one of the stations at 2020 Lawrence and details of the nation’s first-of-its kind rooftop greenhouse will be discussed at the even that will be held from 5:30 p.m. to 8 p.m.
The celebration…
Statewide apartment vacancies fall to 4.6 percent
The vacancy rate in Colorado apartments fell to 4.9 percent in the first quarter, down from 5.2 percent in the first quarter of 2012, according to a Colorado Division of Housing report released today.
The first-quarter vacancy rate is also down from 5.2 percent in the fourth quarter.
The vacancy rate had now been down for 14 consecutive quarters.
Vacancy rates varied considerably in different metros of the state, however, with northern Colorado and metro Denver showing s…
Springs rental rates continue to rise
The average rent in the Colorado Springs area rose year over year for the 13th consecutive quarter during the first quarter, , climbing 4.4 percent to $787, according to a report released today.
The report by the Colorado Division of Housing and the Apartment Association of Southern Colorado, the average rent for the region during the first quarter this year was up from $754 during the first quarter of 2012, but was down slightly from 2012’s fourth-quarter average rent of $…
Apartment vacancy rates falls to 4.6 percent
The apartment vacancy rate in the Denver metro area fell to 4.6 percent during the first quarter, dropping to the second-lowest vacancy rate recorded in any quarter since the first quarter of 2001, according to a report released today.
The vacancy rate was down from 2012’s first-quarter rate of 4.9 percent, and was also down from last year’s fourth-quarter rate of 4.9 percent, according to the report by the Apartment Association of Metro Denver and the Colorado Divisi…
Senior center planned for Centennial
Denver-based MorningStar Senior Living and Haselden Construction, recently formed a joint venture and broke ground on a $20 million, 84-unit assisted living and memory care community 14301 East Arapahoe Road in Centennial.
MorningStar and Haselden believe the site is ideal for an assisted-living center, based on demographics showing that the senior population in Centennial is anticipated to grow much faster than in the overall Denver area.
The new center is called MorningStar at…
Value-add apartment deal a winner
Nuevo Oaxaca LLC paid $19.66 million for the 24-building, 288-unit Village by the Park apartment community in Northglenn.The transaction was handled by Joe Hornstein and Josh Newell of Pinnacle Real Estate Advisors.
Sixteen months earlier, 10701 Pecos Street Partners LLC bought and repositioned the property.
Read the entire article in the May 1 to May 14 edition of the Colorado Real Estate Journal.
Brixmor adding Neighborhood Market
New York City-based Brixmor Property Group plans to bring a 55,669-square-foot Walmart Neighborhood Market to its Villa Monaco shopping center in southeast Denver.
The Neighborhood Market will replace a former King Soopers as the anchor tenant in the center on the southwest corner of South Monaco Parkway and East Evans Avenue.
“The new Neighborhood Market will be in the old King Soopers building, but the building might be reconfigured for the Neighborhood Market,” sa…
ULC's W line investments will create 500 jobs
While the first leg of the RTD’s FasTrack transit project opens on Friday â�¯ the 12-mile W line hat connects downtown Denver with Lakewood and Golden â�¯ the Denver-based Urban Land Conservancy has ben buying land along and near the new line for the past six years.
ULC spent almost $14 million acquiring the properties to assure that affordable. Housing and other community services would be available along the line.
ULC used the $15 million…
Forum plans apartments at Kent Place
The Denver-based Forum Real Estate Group today announced the launch of a luxury, 300-unit apartment community at Kent Place, an 11-acre site at South University Boulevard and East Hampden Avenue in Engelwood.
The site, formerly home to the Denver Seminary, is near some of the metro area’s most expensive neighborhoods, including Cherry Hills Village, Buell Mansion and the Wellshire.
“The Kent Place Residences will be among the finest anywhere in Denver, providing the …
McWhinney unveils apartment community
Loveland-based developer McWhinney plans to begin construction this month on its fifth multifamily project, Arbour Commons, in Westminser.
The 394-unit lifestyle community is the second multifamily project developed by McWhinney at the Orchard Town Center master-planned community located off Interstate 25 and 144th Avenue.
Arbour Commons will be north of Arbour Square Apartments, a 300-unit multifamily project developed by McWhinney that opened in the fall of 2011.
…
Terrix handles challenging deal
Kevin Chadwick said he could have shopped a recent acquisition deal to 50 lenders and 49 would reject it.
But Chadwick, a principal of Terrix Financial, only went to about 20 lenders before he found the “needle in the haystack” lender willing to fund a $9.5 million loan for the $15.2 million purchase of an industrial property in Colorado Springs by a California-based investment company.
“It was an interesting deal. It was a challenging deal,” said Chadwic…
Legacy unveils downtown apartment community
Legacy Partners is developing its first downtown Denver apartment community in a decade.
The company’s first project since it opened the Ballpark Lofts in April 2003, is a 212-unit development at 21st and Arapahoe streets in the Arapahoe Square area.
It started construction in March on the five-story, Class A community. It is tentatively called 21 Lawrence. It is scheduled to open in the fall of 2014.
“We’re really excited,” Spencer R. Stuart Jr., a seni…
Hancock addresses BOMA
Denver Mayor Michael B. Hancock addressed issues ranging from taxes to toilets to a downtown Target during a recent meeting with about 30 commercial real estate leaders.
Hancock spoke and answered questions at an invitation-only event in March arranged by the Denver Metro Building Owners and Managers Association, or BOMA.
In addition to local BOMA members, the meeting in the Embassy Suites – Downtown Denver Convention Center Hotel, included Joseph W. Markling, a managing d…
Picerne joins Simpson for DTC apartments
A California-based company has started construction on a 248-unit, transit-oriented development in the Denver Tech Center.
The Picerne Group, based in Southern California, is building the luxury community on 8.7 acres that is a quarter-of-a-mile walk from the Orchard Station T-Rex light rail station.
“The community will appeal to a variety of individuals, from the young employees who work in the Denver Tech Center to the young families who want to live within the Cherry Cr…
Senior living coming downtown
Louisville-based Balfour Senior Living on Tuesday confirmed plans it will build a a $74 million senior living community in downtown Denver, with rents as much as $8,000 per month.
The Balfour at Riverfront Park development will be at 15th and Little Raven streets in Riverfront Park, near Union Station and across from Commons Park. Groundbreaking is slated for February with an opening in June 2014.
Balfour at Riverfront will be the first age-restricted project o…
Containers used for innovative project on Larimer
Denver-based Gravitas Development Group announced today it has broken ground on an innovative retail development in the Upper Larimer area that is constructed out of 29 reclaimed shipping containers.
The nine commercial spaces, with a total 7,360 square feet, will be constructed with containers at 25th and Larimer streets that previously had been used for transporting goods around the world. It will open this summer.
Individual spaces range from 320 to 1,280 sf. Sim…
Rental home vacancy falls to 1.7%
The vacancy rate for rental single-family homes, townhomes and other small properties across metro Denver fell to 1.7 percent in the fourth quarter, according to a state report released today.
The vacancy rate was 2.1 percent in the fourth quarter of 2012 and 2.3 percent in the third quarter of last year, according to the report by the Colorado Division of Housing.
The lowest vacancy rates were found in Jefferson County and Douglas County where the vacancy rates were 1.3 percent…
Average rents set record in Springs
The average rent in the Colorado Springs metro area rose year-over-year for the 12th consecutive quarter during the fourth quarter of 2012, according to a report released today.
The average monthly rent at the end of last year was $790, according to the Colorado Division of Housing and the Apartment Association of Southern Colorado. Apartment Realty Advisors, or ARA, also is a major sponsor of the report.
The average rent was $775 reported during the fourth quar…
Apartment industry a $2.1 billion economic engine
The Denver-area apartment industry contributed $2.1 billion to the metro-area economy in 2011, according to a national report released today.
The report by the National Multi Housing Council and the National Apartment Assocation showed that apartment constructed and operations in the Denver area in 2011 also supported 16,000 local jobs.
In addition, apartments and their residents contributed $19.4 bi…
HFF arranges $74 million in financing
HFF announced on Monday that it has arranged a $74 million loan for the refinancing of 1400 Wewatta and 1401 Wynkoop, two Class A contiguous office buildings totaling approximately 300,000 square feet in downtown Denver.
HFF worked on behalf of the borrower, Wewatta and Wynkoop PT LLC, a GE Asset Management and Crestone Partners managed entity, to secure a permanent loan through a national life insurance company correspondent lender.
The two buldings are on nearly two acr…
Nichols taps Greystar at King Soopers site
Developer Randy Nichols has brought in Greystar Real Estate Partners as an equity and joint venture partner at his downtown Denver site will include a King Soopers.
While neither Nichols nor the brokers on the land sale by Greystar would confirm a sales price, records indicate Greystar paid $21 million for the site at 20th Street and Chestnut Place.
The site will include a full-service, 47,00…
Broe buys $80 million portfolio
The Denver-based Broe Real Estate Group today announced it has acquired for cash an off-market, $80 million portfolio of non-performing loans and real estate owned property from a billion dollar regional bank.
Broe has acquired more than $500 million total in distressed real estate assets to date.
“2012 was a strong year for us, and we expect that 2013 will be even better,” said Pat Broe, CEO, Broe Real Estate Group. “We have a strong interest in continui…
McWhinney joins Union Station team
Loveland-based McWhinney has joined the Union Station Alliance group as the managing member of the team that is redeveloping Union Station.
Union Station Alliance includes Larimer Associates, Sage Hospitality, REGenLLC and Urban Neighborhoods
McWhinney is an real estate investment and development company, responsible for large-scale multi-use developments in Colorado such as Centerra in Loveland and North Park in Broomfie…
Apartment community coming to Denver
MKS Residential, a Southern California-based developer, plans to build a 341-unit apartment community on a key, 5.24-acre site it bought at the southwest corner of Cherry Creek Drive South and South Cherry Street in Glendale.
The land is within the 24.8-acre Cherry creek Corporate Center, which has 593,714-square-feet of office space.
Steve O’Dell and Chris Cowan, principals of the Denver office of ARA, sold the land on behalf of the sellers, a joint venture between DCPA D…
RedPeak buys Burnsley
Denver-based RedPeak Properties confirmed today it has purchased the Burnsley Hotel in Denver from Joy Burns. Burns converted the building at 1000 Grant St. into a hotel about 30 years ago. RedPeak plans to convert the 17-story building back to an apartment building, returning it to its original use.
Burns sold it as part of an effort to reduce the scope of her real estate portfolio.
The building was constructed in 1963 as an apartment building. In 1969, Joy and Frank…
Gingsborg honored by CSU
Veteran shopping center developer Allen Ginsborg has been named the 2012 Real Estate Entrepreneur of the Year by the Everitt Real Estate Center at Colorado State University - College of Business.Ginsborg is the managing director and principal of NewMark Merrill Mountain States.
The company owns and is redeveloping the Twin Peaks Mall in Longmont.
The award was presented by Eric Holsapple, the executive director of the Everitt Real Estate Center.
"Northern Colorado is extr…
Union Station renovation kicks off in December
The RTD has approved the lease of the historic Union Station building to the veteran development team of Sage Hospitality, Larimer Associates, REGen LLC and Urban Neighborhoods.
The team plans to transform the historic building into a mixed-use, transit-oriented hub with a planned opening in mid-2014. The building will close to the public on Dec. 1 and construction will begin Dec. 3.
“It’s been a long journey, but our dream to see this historic landmark come ba…
Construction kicks off on apartments near Union Station
Atlanta-based Wood Partners has broken ground on the Alta City House, a five-story, 281-unit luxury apartment community near Union Station.
Wood Partners, the largest apartment developer in the country, is developing the community with East West Partners.USAA Real Estate is providing the financing for the community at 1801 Chestnut Place.
In 2007, USAA Real Estate provided the financing for the Glass House…
Capitol Hill gets green apartment
The Denver-based Forum Real Estate Group has opened a five-story, 57-unit, Class-A and energy efficient apartment building in Capitol Hill, which it believes is the first new apartment building in the neighborhood in at least a decade.
The Logan is at East Sixth Avenue and Logan Street, on vacant land that Forum purchased in 2011.
“This…
Statewide apartment vacancies drop
The vacancy rate in Colorado apartments was down during the third quarter of 2012, falling year over year statewide and in Colorado Springs, Metro Denver, Grand Junction, and in the Ft. Collins-Loveland area.
According to a report released Thursday by the Colorado Division of Housing, the combined vacancy rate for Colorado was 4.6 percent during the third quarter. The vacancy rate during the third quarter was down from 2011’s third-quarter rate of 5.0 percent, and was…
Target confirms Tamarac Square store
Target announced on Wednesday it will open the long-anticipated 135,000-square-foot store at the former Tamarac Square site in Denver next July.
The Tamarac Square Target will be constructed at the corner of East Hampden Avenue and South Tamarac Drive. This is one of 11 U.S. Target stores announced to open in 2013.
The new Target will hire about 200 people, according to Mark…
DaVita, others honored at DU, DMCAR conference
The $110 million DaVita world headquarters building in downtown Denver on Thursday was named both the “Overall Project of the Year” as well as the “Office Property of the Year” at one of the largest and most prestigious gatherings of commercial real estate officials in Denver.The DaVita project in the Central Platte Valley at 2000 16th St. was lauded at the 18th annual Rocky Mountain Commercial Real Estate Expo and Fall Forecast sponsored by the University …
DMCAR names president
Scott Peterson, the director of office properties and general counsel with Ringsby Realty, has been installed as the the 2012-2013 president of the the Denver Metro Commercial Association of Realtors.
Peterson will serve a one-year term as president of the association which represents approximately 2,000 commercial brokers in the Denver metro area.
In addition to his more than 13 years of commercial real estate experience, Peterson, brings an experienced and pragmatic legal pers…
Cabela's breaking ground in Thornton
A groundbreaking ceremony for Cabela’s, the giant outdoor outfitting company, is scheduled for 1 p.m. on Oct. 31 at the southwest corner of 144th Avenue and Interstate 25 in Thornton.
The 90,000-square-foot store, which along with one in RidgeGate in Lone Tree, will be the first in Colorado. Both are scheduled to open next year.
The Thornton store will anchor the 63-acre Grove, …
ULI honors Red Oak Park in Boulder
Boulder Housing Partners and its Red Oak Park development have won a 2012 Global Award for Excellencein Real Estate Design and Development by the Urban Land Institute.
BHP executive director Betsey Martens accepted the award this morning at ULI’s 75th anniversary national conference in Denver that ends today.
Red Oak Park was selected as one of 14 global winners from among a broad mix of exemplary projects from around the world, according to Randall K. Rowe, Chair of the U…
Colorado Convention Center owes debt to ULI
The Urban Land Institute’s fall conference that ends on Friday, in downtown Denver, is expected to pump $10 million to $12 million into the local coffers.
But the ULI conference at the Colorado Convention Center, brings developers, designers, planners, financiers, investors, and others from the metro area, the entire U.S., as well as Asia, Europe, South America and elsewhere around the globe.
ULI, however, has a claim to the convention center that no another group holds. I…
ULI conference draws 6,000 to Denver
More than 6,000 developers, real estate investors, architects, planners, attorneys and others from the U.S. and around the world are attending the Urban Land Institute’s 75th anniversary convention in Denver.
The event, whose theme is “What’s Next” ends Friday and focuses on larger issues of economic and political consequences, including global finance, innovation and, of course, potential impacts of the Presidential election in November.
ULI, at the conf…
Walmart pulls out of Ninth and Colorado
Wal-Mart Stores Inc. has decided not to build its first urban-style store at East Ninth Avenue and Colorado Boulevard.
The giant retailer’s presence has sparked highly publicized opposition from neighbors and some city council members. It appeared unlikely that developer Jeff Fuqua would receive needed tax increment financing approval with Wal-Mart on board.
“While Walmart will not be part of the planned redevelopment of the former University of Colorado Health Scien…
Site selection experts high on Denver
About 500 business, real estate and political leaders this morning heard the perspectives and insights on economic growth from eight site selection experts.
Site selectors are crucial because they advise clients on everything from corporate headquarter relocations to where to build and expand giant call and data centers.
They crunch numbers, run numerous computer models in trying to identify the best fit for their clients, and ferret out information that can't be found with a si…
Kuni opening ritzy new dealership
Kuni Lexus will open an eco-friendly dealership with country club-style amenities near the Denver Tech Center in the spring. As interesting as the new dealership is, there are a lot of moving pieces to the transaction. Read about it in the next edition of the Colorado Real Estate Journal.
Finance group expanding in Denver
A New York based firm that specializes in funding the renovation and acquisition of apartments, is looking to expand its footprint in the Denver area. The ideal borrower is a savvy buyer that wants to build a relationship with the lender and its tenants. Read about it in the next edition of the Colorado Real Estate Journal.
Retail in apartment communities?
Does retail belong in an apartment community? That is something David Zucker, principal of Zocalo Community Development, explores in the next issue of Colorado Real Estate Journal. Zucker came to the conclusion that retail only makes sense if it provides an amenity to both the residents of his highrise apartment buildings and the surrounding neighborhood. Read about it in the next issue of CREJ.
Luxury apartment building planned in Cherry Creek North
Denver based BMC Investments plans to develop a 250-unit, 12-story,$80 million luxury apartment community building on a key corner in Cherry Creek North.
BMC purchased the corner at East First Avenue and Steele Street. The new development will include at least 16,000 square feet of retail space.
Half the rental units will be one-bedrooms and the other half will be split between studios and two-bedroom units. The amenity package will include a roof-top deck with a swimming p…
Lichtenfels promoted at Johnson Capital
Kristian Lichtenfels has been promoted to vice president in the Denver office of Johnson Capital, a national real estate capital advisory firm.
In his new position, Lichtenfels will expand the direct capital advisory services for clients of the Denver office.
Lichtenfels joined Johnson Capital in 2010 as a senior analyst and by the start of 2011 he was promoted to the position of director to assist clients directly in arranging capital solutions.
Since joining Johnson Capital h…
Group buys Denver-area apartment communities
LYND, a national real estate investment, development and management company specializing in the multifamily sector, recently purchased two Denver-area apartment communities as part of a portfolio purchase.
LYND, based in San Antonio, partnered with Florida Value Partners to buy a portfolio of 11 multifamily properties, with a total of 3,241 units, in a court-appointed receivership brokered by CBRE.
The original loan balance for the properties was $200 million. The purchase price…
Bank merger completed
CIC Bancshares Inc., a Denver-based bank holding company and the parent holding company of Centennial Bank and Millennium Bancorp Inc. have completed their merger.
Millennium Bancorp is the parent holding company of Millennium Bank, based in the mountain town of Edwards.
The combination creates a full-service community bank with approximately $400 million in assets and a total of nine branch operations serving the Denver-Boulder area and several key …
HFF makes hire in Denver
HFF announced today that Jordan Robbins has joined the firm as a director in its Denver office.
Robbins will focus primarily on multi-housing investment sales throughout Colorado and the western United States. Since 2004, Robbins has closed 96 transactions valued at more than $1.9 billion totaling more than 23,500 units.
Prior to joining HFF, Robbins worked as a senior associate specializing in multi-housing investment sales at CBRE’s Denver office. Prior to that, he …
Subsidized apartment opening in Aurora
The Village at Westerly Creek, a three-story apartment building for seniors and disabled residents, is scheduled to open next week at East Kentucky Avenue and South Jamaica Street in Aurora.
The $15.4 million development was developed by the Aurora Housing Authority, which also owns and manages it. The Village at Westerly Creek is the first of two buildings to replace the obsolete public housing development known as Buckingham Gardens.
Wellshire Arms sells
When the Wellshire Arms Apartments opened in Observatory Park a half-century ago, it was an instant landmark.
The 12-story building was the tallest building in southeast Denver and sported features such as floor-to-ceiling windows that were unheard at the time.
The Denver office of ARA recently sold the building for $12.5 million and the new owner plans to spend another $3 million on it.
Olde Town Arvada takes off
Olde Town Arvada increasingly is enjoying the cachet of other retail hot spots such as West Highland, LoHi and South Gaylord Street. Some retail tenants have even chosen to open their first store in Olde Town Arvada, rather than in downtown Denver or Cherry Creek North. Rents still remain a bit cheaper in Olde Town than in other places with the same type of ambiance.
Regency breaking ground on student housing
The Regency Student Housing Community on Thursday will break ground on the $12 million, five-building "Villas at Regency" at its student housing community. The Villas will be built on six acres north of its Regency student housing complex at 3900 Elati St., Denver. The Villas, serving students at the Auraria campus, adds an additional 120 units with 360 beds, increasing the total bed capacity at the Regency to 960. The addition will create the largest apartment community in Denv…
Texas group plans apartment community
Forestar Group, a real estate and natural resource company based in Austin, recently formed a venture with Guggenheim Real Estate LLC to develop a two-building, four-story community in the the Greenwood Plaza Business Park, the fifth largest business park in the metro area, It will be a few blocks from the Arapahoe Light Rail Station. The development, within the Denver Tech Center submarket, is called 360.°
Levine stepping down as DU director
Mark Lee Levine is voluntarily stepping down as the director of the Burns School of Real Estate & Construction Management at the University of Denver, a post he has held since 1995.
Levine will continue as a full professor at the Burns School, teaching real estate tax law, real estate securities, real estate concepts and other topics.
He also will hold the Mark Lee Levine Chair and undertake other special projects. Levine could not immediately be reached for comment.
The Bu…
Outlet centers growing
An audience member attending the 2012 Retail (and Restaurant) Conference sponsored by the Colorado Real Estate Journal on Tuesday, asked what panel members thought of the future of mixed-use developments.
"Outlet centers are the new mixed-use developments," answered Michael Staenberg, prewident of THF Realty, which builds giant retail centers, anchored by stores such as Walmart and Target.
He said in St. Louis, where he is from, there were now outlet centers and suddely three ar…
Retailers can survive Internet
I ran into retail consultant Robin Salvagia-Lowder moments after she addressed a packed audience attending the Colorado Real Estate Journal's 2012 Retail (and Restaurant) Conference at the Inverness Hotel and Conference Center on Tuesday.
I told her I really enjoyed her insights, but I was wondering how she thought stick-and-brick retailers could compete with buying online?
Salvagio Lowder, CEO of CLC Assocaites, said she was glad I asked, because she really wanted to address th…
CREJ Retail Conference draws top-notch speakers
The 2012 Retail (and Restaurant) Conference sponsored by the Colorado Real Estate Journal at the Inverness Hotel and Conference Center on Tuesday, drew a Who's Who of industry leaders. The Development Strategist panel alone, included: Michael Staenberg, president of THF Realty; Mark Sidell, president of Gart Properties; Chuck Woods, principal of Chandelle Properties; David Goldberg, principal of Alberta Development Partners; and Jon Hauser, president of Drake Real Estate Services.…
Veteran lenders join CBRE Group
Michael A. Cantwell and Brady O’Donnell, two of the region’s top commercial mortgage brokerage professionals, have joined CBRE Group Inc. as executive vice presidents, based in Denver. They both are coming from Johnson Capital of Colorado. Cantwell was one of the founding partners and O’Donnell was a principal of JCOC. Also joining CBRE from Johnson Capital is David Treadwell, a former place kicker for the Denver Broncos. Treadwell has an electrical enginee…
Walmart's Neighborhood Market Coming to Arvada
A Walmart Neighborhood Market will open on Wednesday in the Arvada West Town Shopping Center at 14605 W. 64th Ave. in Arvada. The grocery store will have 57,600 square feet in a former Albertson's that has been vacant for almost five years. Also on Wednesday, a Walmart Neighborhood Market will open at 16746 E. Smoky Hill Road in Centennial. On June 29, Walmart Neighborhood Markets will open at 3615 W. Bowles Ave., Littleton and 5141 Chambers Road, Denver.