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…
CBRE gets listing on former ConocoPhillips site
CBRE has been awarded the listing on 432 acres in Louisville where ConocoPhillips once planned a global technology campus. The team consists of Martin Roth and Eric Roth, first vice presidents with the Denver Land Services Group; Frank Kelley, a senior vice president specializing in the Northwest Denver office and industrial submarkets; and Sanford Criner, executive vice president of Global Corporate Services. Formerly Sun Microsystems’ technology campus, the property sold t…
NAIOP Colorado honors top CRE professionals
NAIOP Colorado presented its version of the Oscars today, honoring Denver’s top commercial real estate professionals at its Academy of Excellence Awards program. Awards included:
Broker Outstanding Achievement: Mike Winn & Tim Richey, Cushman & Wakefield of Colorado
Industrial Broker of the Year: T.J. Smith, Colliers International
Investment Broker of the Year: Brad Lyons, CBRE
Land Broker of the Year: Er…
Denver investment market in Top 10
The Denver commercial real estate market is among the top 10 investment markets in the country, due largely to a strong local economy aided by a diverse employment base and good quality of life, PwC Denver-based real estate expert Wendy McCray said in response to the fourth-quarter PwC Real Estate Investor Survey. The survey is an outlook on commercial real estate based on hundreds of interviews and survey responses from real estate market participants. Total transaction volume in…
Distributor to build 242,000 sf at Prologis Park 70
A distributor will expand its Denver presence with a 242,000-square-foot facility in Aurora. WinWholesale Inc.’s building will be the third new building started this year at Prologis Park 70, a master-planned industrial park at Interstate 70 and E-470 in Aurora. WinWholesale currently occupies approximately 124,000 sf in Denver Business Center, so the new building will be nearly double that size. It will allow the growing company to expand the number of product lines i…
Market is back, declares Holsapple
“You heard it here first: The market is back” was Dr. Eric Holsapple’s concluding remark based on information presented at the 16th annual Northern Colorado Real Estate Conference today in Fort Collins. Holsapple is executive director of Colorado State University’s Everitt Real Estate Center, which hosted the event with the Northern Colorado Commercial Association of Realtors. Job growth is “very healthy” in Northern Colorado and in Denver, hous…
Phillips 66 scraps plans for Louisville research facility
Phillips 66 has scrapped plans for a global research facility in Louisville and plans to sell the 432-acre campus it acquired for $58.5 million. “After careful consideration of the needs of the new company and its employees, Phillips 66 has decided to sell its 432-acre property in Louisville, Colo. Phillips 66’s predecessor company, ConocoPhillips, purchased the Louisville property in 2008. As a result of the repositioning of ConocoPhillips into two independent energy …
Douglas Co. District Court says show me the water
W. Craig Willis, a Holland & Hart attorney, says that a recent court decision changing the development approval process may force development projects to take longer and cost more in Douglas County.In Chatfield Community Association Inc. et al vs. Board of County Commissioners, et al (Case No. 2011CV1437), currently pending in the Douglas County District Court, a group of property owners banded together to challenge the Douglas County Board of County Commissioners' ap…
St. Anthony enters contract to sell former campus
St. Anthony Hospital has entered into an agreement with EnviroFinance Group LLC for the purchase and sale of the former St. Anthony Central Hospital Campus in Denver. The project will be managed by EFG Brownfield Partners, EnviroFinance’s Denver-based development arm. The agreement calls for redevelopment of the campus while preserving uninterrupted medical services. Redevelopment plans have focused on a largely residential mixed-use neighborhood with a variety of housing ty…
Oakwood acquires Banning Lewis Ranch
Oakwood Homes, in conjunction with Mountain Real Estate Funding Corp., acquired the 2,600-acre Banning Lewis Ranch in northern Colorado Springs.
The master-planned community was sold by a syndicate of former lenders, who took ownership last year. The property has “significant” infrastructure improvements in place and 251 permit-ready finished single-family lots, 88 paired-home lots and a development-ready pad for multifamily product.
Oakwood Homes, one of five b…