Developer plans to demo small Golden Triangle office; replace it with 65K SF of office
5.30.18 955 Bannock, Golden Triangle Development, Office Development Golden TriangleA new office building is on tap for a part of town booming with new apartment towers and cranes. Denver-based Alpine Investments expects to close on the purchase of 955 Bannock St. in the Golden Triangle with plans for a 10-story structure. Managing principal ...
Turn-of-the-century apartment building sells for $8.2 million
5.23.18 Apartment Investors Denver, Calame Lewallen Team, Denver Apartment Building Sale, Multifamily Brokers DenverThis sale was handled by Kevin Calame of Pinnacle Real Estate Advisors LLC. Studio units rent for $1,115/mo., or $2.63 psf, while one-bedroom units containing 502 sf rent for $1,265, or $2.52 psf. There are 13 studios, 25 one-bedroom units and seven ...
Apartment Market Weathers the Storm of New Supply
5.22.18 Apartments For Sale Denver, Denver Apartment Investing, Multifamily Investing DenverApartment landlords can no longer raise rents like they used to. So many new apartment units are opening that the percentage that vacancy is inching higher across the country. This year “will likely remain challenging for many landlords and apartment ...
Colorado unemployment rate dips below 3 percent
5.21.18 Colorado Department of Labor and Employment, Colorado Unemployment RateColorado’s unemployment rate slipped to 2.9 percent in April, breaking a seven-month run at 3 percent, according to a monthly update from the Colorado Department of Labor and Employment. Click Here to Read More – The Denver Post
Investor acquires Castle Rock retail center for $601 per sf
5.18.18 Castle Rock Brokers, Castle Rock Retail Investment Property, Net Leased Retail InvestmentA California-based investor purchased a Castle Rock retail property at a price of $601 per square foot. The buyer paid $5 million cash for the five-tenant net-leased property at 1341 New Beale St. The newly built 8,318-square-foot retail property is located in ...
Denver renters: More move here for location and plan to settle here
5.17.18 Denver Rental Market, Denver Renters, Multifamily Real Estate DenverMore Denver renters move here because of the city’s location and many plan to settle down and live here for the long term. That’s according to a new study by online apartment rental company Apartment List, which tracked whether renters were moving ...