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Preview: Denver Commercial Real Estate News From CoStar Group

Denver Commercial Real Estate News From CoStar Group

CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of


CoStar's People of Note (Dec. 8) - HFF and Cresa Expand, Cushman Hires Mangum...

Fri, 08 Dec 2017 06:56:53 GMT

The following companies announced personnel moves this week: Cresa, HFF, Pine Tree, Cushman & Wakefield, JLL, Bridge Investment Group, Walker & Dunlop, Kentwood Real Estate, Grover Corlew, Zeppelin Development and Colliers International.img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;} img.ponthree...

Kaiser Permanente Buys Waterpark II and III for $25 Million

Fri, 08 Dec 2017 06:08:34 GMT

California-based health care provider and insurer Kaiser Permanente this week added two more properties to its Colorado real estate portfolio, acquiring Waterpark II and III in Aurora from a Colorado-based investor. Kaiser purchased the buildings, totaling 210,848 square feet, from Matrix Group Inc., giving Kaiser full ownership of the campus, as it already owned Waterpark I, the third building on the campus. Kaiser paid $25.32 million, or about...

Broomfield Multifamily Portfolio Trades for $63.5 Million

Thu, 07 Dec 2017 04:52:13 GMT

Two California companies traded a pair of apartment complexes located in Broomfield last week. FPA Multifamily, based in San Francisco, sold Ten30 and Ten49 located adjacent to each other in northeast Broomfield, to Los Angeles-based Aragon Holdings. Ten30, a 209-unit property at 1030 E. 10th Ave., and Ten49, a 213-unit property at 1049 E. Ninth Ave., were built in the mid-1970s and have recently undergone renovations. Ten30 is made up of solely...

BMC's Joblon on Risk, Reward and Real Estate

Wed, 06 Dec 2017 09:51:09 GMT

Matt Joblon says it was luck that he got to Denver when he did; the product of a family decision to move from Los Angeles back to where his wife's family lived. Joblon arrived here and began his company, BMC Investments, in 2010, first buying a small Class C apartment building constructed in the 1970s near the intersection of Federal Blvd. and Hampden Ave. as an investment property. Seven years later, BMC is working to lease up a brand-new luxury...

Industry Developers Finish RiNo Project, Plan Another in Utah

Tue, 05 Dec 2017 03:01:21 GMT

The Denver-based developers behind Industry, the 150,000-square-foot co-working space in the River North area, this week will celebrate the grand opening of the second iteration of their original RiNo concept, and this spring will start work on their first out-of-state development: a mixed-use project in Salt Lake City. Industry RiNo Station, at 3858 Walnut St., is a 152,000-square-foot collaborative office space that capitalizes on the successes...

Colorado Rockies Want to Develop Full City Block Near Coors Field

Fri, 01 Dec 2017 08:33:58 GMT

The Colorado Rockies are planning to redevelop a full city block near Coors Field in Denver's Lower Downtown, according to information released by the project's architect, Stantec. Plans are preliminary, with no details available about the amount of space to be constructed on the site at 19th and Wazee streets, currently a parking lot. But Stantec, the Canadian engineering firm that acquired Denver-based architect RNL Design earlier this year,...

Kentwood Real Estate Launches Commercial Arm

Fri, 01 Dec 2017 07:32:17 GMT

Pictured: Peter Niederman, CEO of Kentwood Real Estate. Kentwood Real Estate, a longtime Denver-based company that sold in 2016 to Berkshire Hathaway-affiliated HomeServices of America, has significantly expanded its commercial brokerage service with the launch of Kentwood Commercial. Kentwood has long been known as one of the metro area's foremost residential brokerages, but for several years has employed one commercial broker, Karen Landers...

Zeppelin Development Promotes Larkey to Director of Sales & Leasing in Colorado

Fri, 01 Dec 2017 07:21:54 GMT

Zeppelin Development, a mixed-use developer headquartered in Denver, has promoted Adam Larkey to the position of director of sales and leasing. Larkey will be responsible for the continued development of Zeppelin's new construction projects and will manage the tenant mix of more than 115 occupants. Larkey has eight years of experience in both commercial and residential real estate, with four years of experience at Broad Street Realty. Approximately...

New Apt. Complex in Denver's RiNo Sold for $90.6 Million

Thu, 30 Nov 2017 04:10:48 GMT

A new apartment complex in Denver's River North area sold to an investor for $90.6 million, marking the second major multifamily trade in that submarket this year. Dylan RiNo, a 274-unit complex completed last year by Alliance Residential at 3201 Brighton Blvd., sold to Minneapolis-based IRET Properties Inc. (NYSE: IRET) in a "softly marketed" deal this week. Brokers handling the listing sought companies looking for new deals in Denver, particularly...

16 Chestnut Tops Out Near Union Station

Wed, 29 Nov 2017 05:30:42 GMT

East West Partners' 16 Chestnut office project near Denver Union Station has topped out, the company said this week. 16 Chestnut will house a headquarters expansion for DaVita Healthcare Partners, the Denver-based health care provider specializing in kidney dialysis. DaVita will occupy about 80 percent of the 430,000-square-foot building, with 80,000 square feet left available to be leased with about one year left in the construction schedule. The...