DENVER-The Denver-area's rental office market, which has declined from 2001 to 2004 and was relatively flat in 2005, should begin to improve next year as new landlords begin raising rents.
DENVER-Santa Ana, CA-based Triple Net Properties receives a 10-year loan for its recent purchase of 633 17th St. The property, which was owned by Prudential, sold for $90.25 million.
GREENWOOD VILLAGE, CO-Lowe Enterprises Investors purchases the six-story, 260,000-sf MCI Plaza office campus in Greenwood Village. Located at 6312 S. Fiddlers Green Circle, the plaza is adjacent to a planned mixed-use development and a new light-rail station scheduled to open in winter 2006.
GREENWOOD VILLAGE, CO-Lowe Enterprises Investors purchases the six-story, 260,000-sf MCI Plaza office campus in Greenwood Village. Located at 6312 S. Fiddlers Green Circle, the plaza is adjacent to a planned mixed-use development and a new light-rail station scheduled to open in winter 2006.
DENVER-Colorado casinos bring in more revenues during November when compared to the same period a year earlier. However, the month brought in less than what was brought in during October.
DENVER-According to industrial broker Mitch Zatz, the city's industrial sector expected to rise to 14.1% by year's end, compared with 13.6% in 2004. But the Cushman & Wakefield director says that absorption has also been increasing, causing the industry to see little change.
DENVER-Depending on what metric is used, it could take nearly seven years for the Denver office market to reach equilibrium, or it could take just under four. At Cushman and Wakefield's recent forecast event, veteran commercial real estate broker Candis A. Hewitt discusses the two alternatives.
DENVER-Aimco, owner and operator of apartment communities, learns that the SEC is terminating its investigation of the company. As part of the termination, no enforcement action will be recommended regarding Aimco.
DENVER-The Denver City Council is being asked to provide $85 million in tax increment financing for the $1 billion-plus redevelopment of the former Gates Rubber Co. site.
DENVER-The Denver City Council is being asked to provide $85 million in tax increment financing for the $1 billion-plus redevelopment of the former Gates Rubber Co. site.