Investors Skeptical as Retail REITS Experience Occupancy, Rent Surge
3.3.17 Commercial Real Estate Investing, Denver Commercial Real Estate, Retail Real Estate MarketLast month, retail overtook oil and gas as the most distressed sector in the U.S. economy. Anchors like Macy’s, Sears, Walmart and J.C. Penney are closing hundreds of stores nationwide. But for CEOs of some of the country’s biggest retail-focused real ...
Pinnacle Announces the Sale of 5324 Huron Street
3.2.17 Calame Lewallen, Littleton Apartment Building Sale, Multifamily Brokers LittletonPinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5324 South Huron Street located in Littleton, Colorado. The 7-unit multifamily property sold for $1,025,000 or $164.71 per square foot. Matt Lewallan and Kevin Calame, both Senior Advisors, ...
$5M RiNo infill project starts to take shape
3.2.17 Commercial Real Estate Denver, RiNo Development, RiNo Infill ProjectWith RiNo lease rates at an all-time high, there’s no site too small to take vertical. Derek Lis is preparing to break ground on a $5 million restaurant and office building on a tiny sliver of land near 33rd and Larimer streets. It’s the second leg of a ...
17-Unit Multifamily Sells $3.1M in Baker Neighborhood
2.22.17 Baker Neighborhood Apartment Building Sale, Denver Multifamily Brokers, Multifamily Building Sale DenverPinnacle Real Estate Advisors, LLC sold the multifamily at 310 West Archer Place in Denver, Colorado. This 17-unit multifamily property was built in 1965 and significantly renovated in 2012. The building, located in Denver’s Baker neighborhood, sold on ...
Smiley’s Laundromat building will be demolished, replaced with 180 apartments and “local food” market
2.21.17 Colfax Avenue Development, Historic Denver, Multifamily DenverA Depression-era art deco building that’s been a part of Colfax Avenue for more than 80 years will be torn down and replaced with what some neighborhood groups are calling the future Denver Union Station. Historic Denver fought to save the building and ...
Denver’s retail market reported to be world’s second-hottest
2.16.17 Denver Retail Market, Retail Market Growth Denver, State of the Denver Retail MarketDenver’s retail market is reportedly going to be the world’s second “hottest” retail market over the next few years. With an expected growth in retail rents forecasted annually at around 7 percent for the next few years, only San ...