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…

Cassidy Turley today released research examining the impending “fiscal cliff’s” impact on commercial real estate markets across the country. The report summarizes the various scenarios related to fiscal policy and then draws the link to commercial real estate. “The fiscal cliff is our primary concern regarding the continuation of Denver’s current positive growth,” according to Greg Morris, president and CEO of Cassidy Turley Colorado. “Goi…

A development team managed by The Nichols Partnership will develop the former Daily Camera site in downtown Boulder. The 60,000-square-foot site will house an $80 million mixed-use project with large floor-plate office space, retail and specialty uses, including an art house theater. Ten Eleven Pearl LLC bought the property from Karlin Real Estate for $13.5 million in a deal handled by Lynda Gibbons of Boulder-based Gibbons-White. For more details, see the Jan. 2 issue of the Colo…

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…

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…

       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…

Alberta Development Partners LLC released the following information regarding today's fire at The Streets at SouthGlenn in Centennial: During demolition of a vacant portion of the Block 1 building at The Streets at Southglenn, a fire started in an exterior wall cavity. No property damage occurred beyond the demolition area, and no reported injuries have occurred, other than smoke inhalation by one worker, who did not require hospitalization. The contractor had…

Saunders Construction Inc. is the contractor for a pair of metro Denver projects, including One City Block. The contractor will build the four-building residential project at 19th Avenue and Logan Street in Uptown. The project is slated to achieve LEED Silver certification. RedPeak Properties is developing One City Block, which is designed by Davis Partnership. The firm also is the contractor for a new 36,000-square-foot Whole Foods on Wadsworth Boulevard in Littleton. CSHQA is …

The competition was fierce for an asset type that doesn’t often fall into foreclosure. Multiple buyers bid on Conifer Town Center, a 107,451-square-foot, six-building, Safeway-anchored shopping center in Conifer that ultimately sold to a Dallas-based buyer for $13.13 million, according to CoStar. T Conifer Retail LLC, an affiliate of Dallas-based Tabani Group Inc., purchased the Safeway-anchored center at 27102-27182 Main St.

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 …

Thornton Development LLC and the city of Thornton celebrated breaking ground on The Grove, a new retail development in Thornton that will be home to a new Cabela’s. The 90,000-square-foot Cabela’s store will serve as an anchor for the development at the southeast corner of 144th Avenue and Interstate 25 in Thornton’s North Washington corridor. “We are excited about the future jobs and development that will grow on this site. This is a great day for th…

“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…

     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, …

Cherry Creek Shopping Center in Denver is adding a multitude of new retailers, including many that are new to the Denver market. True Religion Brand Jeans, Buckle, Madewell, Omega and Fresh-Healthy Café all will open by the end of the year at the center, which recently welcomed H&M, an expanded 19,900-square-foot Forever 21 and the region’s first Athleta. Read more in the Oct. 17 issue. 

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…

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…

The International Council of Shopping Centers Foundation recently awarded Aspen Grove its western region winner of the 2012 U.S. Community Support Award. The center was recognized at ICSC’s NOI+ Conference Sept. 5. ICSC presented one overall and four regional awards at the conference. Aspen Grove in Littleton was recognized for its “Queen for a Day” campaign. Aspen Grove teamed up with Bessie’s Hope for the monthly program, which honors a nursing home eld…

Bass Pro Shops has signed a letter of intent with McWhinney to anchor a major new development at Centerra in Loveland. The development will be built at the northeast corner of Interstate 25 and U.S. Highway 34. Bass Pro’s store will total approximately 117,000 square feet and will generate at least 250 jobs. “Northern Colorado is known as a destination for some of the top retailers in the country, serving not only the local community, but also attracting shoppers from …

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.