Tag: Commercial Real Estate
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Will this be Denver’s year to see office vacancies fall?
Another major downtown Denver office sold this week at less than a quarter of its last known value. Denver Place, a two-tower complex at 999 18th St., was acquired for $47.5 million by the CP Group, Angelo Bianco, managing partner for the Florida-based real estate company, told The Denver Gazette. The property previously changed hands…
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Cherry picking: Cherry Creek draws employers from Denver downtown
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In a year when downtown Denver office vacancy rates have staggered upward past 30% and with only a single new downtown office project in the pipeline, area commercial developers and brokers should be in a grim mood. But they’re not and Cherry Creek is much of the reason why. “It’s a hot place to be…
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Denver office space market still struggling
At a moment when the waning pandemic might have given hope that workers would head back to the office, new commercial real estate data shows office vacancies continue to rise in Denver. That’s for both the central business district downtown and along the southeast I-25 corridor including the Denver Tech Center, according to new quarterly…
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Denver commercial real estate leaders see growing market post pandemic
Two years of pandemic have given Coloradans new ways of looking at the urban center, and for brokers in commercial real estate those impressions include a highest-ever office vacancy rate, new worries about safety and a visible homelessness issue. But in the details, commercial real estate brokers are finding numbers of reasons to feel buoyed…
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Denver-based Women’s Bean Project lands new space for headquarters
The Women’s Bean Project, a Denver-based nonprofit, received a new headquarters with much-needed space, and the Denver Housing Authority received land for much-needed affordable housing in a real estate deal that closed last month, according to a news release. The Women’s Bean Project’s mission is to “change women’s lives by providing steppingstones to self-sufficiency through…
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Metro Moves: University of Northern Colorado names new chief of staff
Welcome to The Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to dennis.huspeni@gazette.com. New hires The University of Northern Colorado hired Jennifer Almquist as its new chief of staff, according to a news release. She’s scheduled to start…
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Panel offers sneak peek at new Denver developments
Officials from four development companies presented their visions and plans for new buildings and public spaces coming to metro Denver during the University of Colorado Center for Real Estate’s Annual Forum on Wednesday. Projects included an apartment building in Denver’s River North neighborhood that will include open-air “slotted canyons,” a 12-story office building in RiNo,…
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Denver office market among top recovering in country
Metro Denver’s office space market is outpacing the activity it saw in pre-pandemic times, one of the top three cities in the nation to do so, according to a January report from commercial real estate giant CBRE. “Office leasing activity in metro Denver jumped 39 points in January, now standing 17% above Denver’s pre-pandemic baseline,”…
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Denver International Airport seeks offers for 26-acre mixed-use development district
Denver International Airport is seeking offers to develop its West Approach, a 26-acre mixed-used development district. Officials are looking for offers for the entire site for a master planned development or for individual hospitality and or retail developments. The space is near the airport’s Final Approach facility near Peña Boulevard and North Gun Club Road,…
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Metro Moves: Saltbox opens in Park Hill
Welcome to The Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to dennis.huspeni@gazette.com. NOW OPEN Saltbox, an Atlanta-based company catering to small and midsize businesses needing flexible warehouse space, opened its fifth location in Denver last week at…