Fort Collins industrial property sells for $12.9 million
(Fort Collins, Colo.) Nectar Equities LLC paid $12.9 million for a four-building industrial complex in Fort Collins. The 73,170-square-foot Plum Tree Plaza, located at 2573,2579, 2601 and 2607 Midpoint Drive, was built in the late 1990s by WW Reynolds Cos. The property is 100% leased to four tenants and anchored by Larimer County government and life sciences company Indivior.
New businesses join Brighton’s Palizzi Marketplace
Jan Rodriguez at Doughnut Social(Courtesy of CBRE) (Brighton, Colo.) Three new businesses call Palizzi Marketplace in Brighton home. The Doughnut Social is the brainchild of Jan Rodriguez and Youcef “Joe” Berkane. The store serves doughnuts, other pastries, kolaches, breakfast sandwiches, and coffee.
Co-warehousing concept comes to Denver
(Courtesy of Archeon Group) (Denver, Colo.) By now, most people are familiar with co-working office space, and warehouse space will get the same treatment under a new concept offered by FlexHQ.
Speculative life sciences development underway in Superior
(Courtesy of Perkins & Will) (Superior, Colo.) A $280 million life sciences project in Superior will break ground early next year. Initial plans call for three office and laboratory buildings ranging from 85,000 square feet to 150,000 square feet and a fourth building with ground-floor retail, amenities and structured parking.
Dollar General to build mega warehouse at HighPoint Elevated in Aurora
(Courtesy of Ware Malcomb) (Aurora, Colo.) Dollar General is building a 919,000-square-foot distribution facility on 75 acres it acquired at the HighPoint Elevated industrial and logistics park in Aurora.
Renovations in store for Westminster apartment community
(Westminster, Colo.) MIG Real Estate secured $45.7 million in financing for the acquisition of The Links at Legacy Ridge, a 232-unit multifamily community in Westminster. CBRE Capital Markets’ Debt and Structured Finance team in San Diego secured the 10-year fixed-rate loan for MIG, which acquired the property from Seagate Legacy Associates. MIG will use a portion of the loan to renovate the complex's apartments and common exterior areas.
3.9 million-square-foot industrial park slated for 316 acres near DIA
(Aurora, Colo.) A joint venture between The Opus Group and Principal Real Estate Investors paid $49.7 million for 316 acres of undeveloped land between Interstate 80 and Denver International Airport.
Denver ranks No. 10 in CBRE’s annual ‘Scoring Tech Talent’ report
(Denver, Colo.) Denver advanced two spots to land at No. 10 in CBRE’s 2022 Scoring Tech Talent report as North American tech-talent employment bounced back from the pandemic to post job gains across most markets in 2021.
Energy industry occupies 10% of downtown Denver office space
(Zbynek Burival on Unsplash) (Denver, Colo.) Oil and gas companies occupy 3.2 million square feet of office space in downtown Denver, accounting for 10.6% of the central business district’s occupied office footprint.
More than 1 million square feet of retail on tap for Johnstown
(Johnstown, Colo.) A 200-acre master-planned community in Johnstown will include more than 1 million square feet of retail space at the southeast corner of Interstate 25 and Colorado 60.
Colorado Springs shopping center sells for $21.4 million
(Colorado Springs, Colo.) A Denver-based private fund paid $21.4 million for Centerpointe Plaza, a 154,988-square-foot neighborhood retail center along North Academy Boulevard in Colorado Springs.
Denver/Boulder 11th-best place for life sciences talent
(Denver, Colo.) The Denver/Boulder area is the 11th-leading market for U.S. life sciences talent, according to a new analysis from CBRE. The inaugural report identifies the top 25 U.S. life sciences labor markets, ranging from established hotbeds like Boston and San Diego to developing hubs like Denver and Boulder.
Denver lodging market on pace for 2023-24 recovery
(Denver, Colo.) Denver’s hotel market is marching toward recovery. Denver’s hotel occupancy rate is expected to rise 7.7% this year, averaging 63% for 2022, according to CBRE Hotels Research’s May report.
New Boulder retail store takes collector from clicks to bricks
(Boulder, Colo.) Online retail Magoo’s Cards, Kicks and Clothing opened its first brick-and-mortar store on Boulder’s Pearl Street Mall. Located at 1721 Pearl St., Magoo’s CKC sells collectibles, some of which the owner has accumulated since he was a teenager. Items range from high-end sneakers to sportswear and trading cards.
NY company buys Erindale Square in Colorado Springs for $12.5 million
(Colorado Springs, Colo.) A New York City investor paid $12.15 million for Erindale Square, a 103,552-square-foot open-air retail center in Colorado Springs. The shopping center sits on a 6.93-acre parcel at 5881-5975 N. Academy Blvd. — one of the state’s most heavily trafficked retail corridors with about 47,600 vehicles per day. Major tenants include Fodor Billiards, Bill’s Bed and Appliances, Cutting Edge Realtors, HomeFix and The Door Christian Center.
Competition is stiff in metro Denver for laboratory, R&D space
(Trnava University on Unsplash) (Denver, Colo.) Life sciences is hot in metro Denver, but companies looking for laboratory and research and development space struggle to find it.
Lifetime Windows leases space in Denver’s new Central Park Business Center
Lifetime Windows is moving into Building 1 of Central Park Business Center(Courtesy of Brinkmann Constructors) (Denver, Colo.) Lifetime Windows will lease 43,401 square feet of space at Central Park Business Center, a newly completed industrial development in Denver’s Central Park neighborhood.
Supply chain issues push Denver warehouse rent higher
(Adrian Sulyok on Unsplash) (Denver, Colo.) Disruptions in the global supply chain resulting from the COVID-19 pandemic shifted have changed the way logistics companies deliver goods to consumers.
Metro Denver office market starts recovery
(Jakob Rosen on Unsplash) (Denver, Colo.) For the first time since the start of the pandemic, more office space in metro Denver was occupied than vacant, according to real estate firm CBRE’s first-quarter office report.
300% increase in demand makes Denver a top 10 data center market
(İsmail Enes Ayhan on Unsplash) (Denver, Colo.) Driven by demand from the aerospace, defense and financial services sectors, Denver ranked among the top 10 most active U.S. markets for data center leasing in 2021, according to areport from CBRE.