DENVER-AmeriVest Properties Inc. is paying approximately $50,100 for the management and advisory business of its outside advisor, Sheridan Realty Advisors, LLC. Most of Sheridan's 24 employees will become AmeriVest employees and manage day-to-day operations.
DENVER-Putting a jump from 4.8% to 6.3% in the industrial vacancy rate into perspective, Cushman & Wakefield broker Rick Hubina notes the rate is still healthy, and half the figure for office properties.
DENVER-The telecommunications giant controls about 1.25 million sf in its corporate headquarters and an additional 400,000 sf for operating systems through synthetic leases.
BLACK HAWK, CO-Besides 350 rooms and the largest casino in the state, a 55,000-sf entertainment complex is anchored by the Wild Fire Lounge and its four 70-foot fireplaces, as well as Gilpin County's first Starbucks.
LAS VEGAS-Significant new office development is pushing vacancy in the Las Vegas market and creating a windfall for office tenants as a result, says the latest Grubb & Ellis Co. report. Look for vacancy to spike to 12% to 14%, a far cry from recent years.
DENVER-"The psychological impact of having 3.4 million sf of subleased space is huge," says Nick Pavlakovich, a senior director and top office broker at Cushman & Wakefield. That would push the overall office vacancy rate to 18%.
COLORADO SPRINGS, CO-At $250 million, investment property sales here will come in at half the level of the previous four years, according to Grubb & Ellis. Supply was as much of a problem as demand, the report adds.
SALT LAKE CITY, UT-Some property owners are evicting tenants now in anticipation of a booming market for the Winter Olympic Games in February, reports multifamily rental property specialist Hendricks & Partners.
DENVER-Putting a jump from 4.8% to 6.3% in the industrial vacancy rate into perspective, Cushman & Wakefield broker Rick Hubina notes the rate is still healthy, and half the figure for office properties.