DENVER-Steve Bassett, a senior VP and leasing director, has been promoted to regional director for Jones Lang LaSalle's Rocky Mountain Region. Other management changes also are in play, but it's not exactly a reorganization, Bassett tells GlobeSt.com.
DENVER-Tenants needs are changing in the northwest corridor. The latest report puts the open space at 32.5%. A year ago, high-tech tenants sought 30,000 sf to 50,000 sf. Today they're looking for 10,000 sf to 20,000 sf.
DENVER-The developer of Albuquerque's Sprint Spectrum Call Center has secured an $8.8-million loan for the single-story, 95,000-sf operation. Minneapolis-based NorthMarq's Denver office has arranged the financing package.
AURORA, CO-The $4.2-billion redevelopment of the former Fitzsimons Army hospital gets a $720,000 helping hand from the US Commerce Department's Economic Development Administration. The project is being touted as one of the nation's largest biotech and medical facilities.
DENVER-The Denver team for Dallas-based JPI has structured a home-buying program that enables tenants to build up reserves via monthly lease payments. The BEST program is only available to JPI residents in six states, but more will follow as success builds.
DENVER-Tenants needs are changing in the northwest corridor. The latest report puts the open space at 32.5%. A year ago, high-tech tenants sought 30,000 sf to 50,000 sf. Today they're looking for 10,000 sf to 20,000 sf.
COLORADO SPRINGS-Bought in 1999 for a little less than $8.5 million, the 113,000-sf One Gateway Plaza has reaped a 47% return for AG Real Estate Funds. A Triple Net Properties affiliate has just paid $12.5 million to AG and partner Amerimar Enterprises.
LITTLETON, CO-Adventist Hospital will double the size of the emergency department, add 32 beds to the hospital, add two operating rooms and augment the radiology department in its 130,000-sf expansion.
DENVER-Archstone Communities plans to lease 64,000 sf in a building across from its headquarters for the accounting operations it is moving from El Paso, TX, part of a consolidation as a result of a merger.
LAKEWOOD, CO-The suits are an attempt by the two tenants to cut better deals when they serve as anchors in the new Villa Italia development, says a principal with Continuum Partners LLC, redeveloping the former regional mall.