COLORADO SPRINGS, CO-The price Noddle Development Co. pays for the 131,000-sf center is not disclosed, but the company plans to renovate and re-tenant the retail property anchored by a 24-Hour Fitness center.
DENVER-"This is a cake walk compared to the '80s," Cushman & Wakefield top office broker Nick Pavlakovich tells GlobeSt.com. His base of reference includes the auction of Downtown sublease space for $0.10 per sf.
DENVER-Mayor Wellington Webb is taking a hard-line approach to Denver's affordable housing problem. His recommendations, in line with a city task force, meet staunch resistance from developers and civic leaders.
DENVER-A close look at the 3.4 million sf of sublease space shows it's not as bad as it seems, says a Cushman & Wakefield of Colorado senior director. Sure, it's driving up vacancy, but the shelf life for most space is a lot shorter than in previous downturns.
DENVER-A close look at the 3.4 million sf of sublease space shows it's not as bad as it seems, says a Cushman & Wakefield of Colorado senior director. Sure, it's driving up vacancy, but the shelf life for most space is a lot shorter than in previous downturns.
ALBUQUERQUE-Significantly better returns on investments make Albuquerque a great landing spot for the willing. Those returns are luring more investors as the battle plays out to regain consumer confidence, says a Grubb & Ellis report.
DENVER-A softening local commercial market isn't barring Denver from a Top 10 ranking by a Cushman & Wakefield of Colorado senior director. The coming year looks promising for a city that still has the attention of investors.
DENVER-A Grubb & Ellis Co. report shows land sales down by nearly $50 million in Denver and off as well in Colorado Springs despite this year's record-breaking $55-million deal for the Banning Ranch. The light trading will continue through 2002.
BLACK HAWK, CO-Penn National Gaming has developed a buyout plan, calling for $6.5 million in cash, for three Black Hawk casinos. The buyer is looking at a second quarter 2002 closing, if it gets the OK from the state's gaming commission.
THORNTON, CO-The Adams County School District is the new owner of a 380,000-sf warehouse, built for the former Gerry Baby Products. Seller Whole Foods of Austin, TX gets $16.9 million and the district, room to grow. Some 130,000 sf will come to market.