GREENWOOD VILLAGE, CO-Following strong condo sales at Everest Development Co.'s Landmark project, the company is starting work on 150,000 sf of retail. Landmark will cost between $120 million and $150 million and will include 250 condos within two identical towers.
DENVER-A record $3.1 billion in commercial properties was purchased in the Denver area in 2005, reports Brad Neiman, senior vice president of Denver-based Northstar Commercial Partners. According to his calculations, commercial real estate sales are up 55% from 2004.
DENVER-A record $3.1 billion in commercial properties was purchased in the metro area in 2005, reports Brad Neiman, senior vice president of locally based Northstar Commercial Partners. According to his calculations, commercial real estate sales are up 55% from 2004.
DENVER-A record $3.1 billion in commercial properties was purchased in the metro area in 2005, reports Brad Neiman, senior vice president of locally based Northstar Commercial Partners. According to his calculations, commercial real estate sales are up 55% from 2004.
DENVER-St. Paul Properties, a major industrial landlord in the metro area, completes more than 72,000 sf in lease transactions. In all of the deals, the Trammell Crow industrial team of Paul Kluck, Murray Platt and Doug Viseur represented St. Paul.
DENVER-Cap Rates for retail real estate sales are expected to keep falling, says a top executive with Frederick Ross Co. Since 2000, average cap rates have declined in the Denver area from almost 10% to around 8%, and the average per sf price has increased from about $85 to $135.
DENVER-Across America Real Estate Corp. is in negotiations with two unnamed groups for $20 million in financing. Under the letter of intents filed with the SEC, each entity would invest a total of $10 million in two instruments.
DENVER-Across America Real Estate Corp. is in negotiations with two unnamed groups for $20 million in financing. Under the letter of intents filed with the SEC, each entity would invest a total of $10 million in two instruments.
DENVER-In its third in a series of reports on tax increment financing, the Front Range Economic Strategic Center charges Denver isn't getting its money's worth. The city, however, rebuts that the income stream from developments that received TIFs would not exist if not for the subsidy.