COLORADO SPRINGS, CO-Record rental rates and new vacancy lows dominated the Springs year-end account by Grubb & Ellis Co. Intel Corp. was the surprise big player, picking up 861,200 sf of vacant space.
COLORADO SPRINGS, CO-The multifamily market is tighter in Colorado Springs than in Denver. Nonetheless, a slight rent decrease has been experienced, but it's only temporary relief for tenants, says a local analyst.
DENVER-Fullerton's latest project is gaining momentum in the early days of pre-sales for its 41-unit Saint Lukes Lofts. The project includes "for sale" units at the behest of neighborhood leaders.
DENVER-Without a doubt, the northwest corridor is riding a development crest that's not likely to end anytime soon. In the past two years, space has gone from 1.5 million sf to 4.6 million sf and there's another 1.6 million sf under construction right now.
COLORADO SPRINGS, CO-The Colorado Springs office of Grubb & Ellis has issued its year 2000 report and it had been a record-breaker, say the analysts. The only record not broken has been vacancy, which had come in at 5.7% as the page turned on the calendar.
DENVER-It's strictly a strategic investment, says Chateau Communities, which is pumping $11 million into a Milwaukee-based Asset Development Group. Chateau is eyeing a plum 20% internal rate of return in exchange for its backing.
DENVER-Catellus Development can breathe a sigh of relief as its inks a second tenant for a 350,000-sf build-to-suit that has been abandoned by the Webvan Group. All that's needed now is a tenant for a ComPark lease to recover from Webvan's changing business plan
DENVER-On a whirlwind visit to Denver, Cushman & Wakefield's president lays out the company's future for GlobeSt.com: More emphasis on industrial, forging a retail division and culling under-performing brokers from its ranks.
BROOMFIELD, CO-Mountain View Corporate Center didn't need to search any further than an existing tenant to find a taker for its latest project, a 137,000-sf building. The 360Networks lease means it will occupy better than half of the $92-million office park.
DENVER-The hotel union is rallying voters for a referendum since city council has refused to silence Hyatt during member recruiting. At stake is a $55.3-million subsidy that council has OK'd for the hotel project developer.