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CoStar Market Insights: Three Most-Active Multifamily Submarkets in Denver
Downtown/Cherry Creek Continues to Attract Most New Development The Downtown/Cherry Creek area continues to be the focal point for multifamily development with more than 5,000 units having delivered in the submarket since the start of 2015 -- the most in any Denver submarket by a wide margin. Looking forward, the supply pipeline will remain robust. At the onset of the third quarter of 2017, just over 7,000 new apartment units were under construction...
Sprint Opening 44 New Retail Stores in SW US
Sprint (NYSE:S) said it plans to open 44 new retail locations throughout parts of Arizona, Colorado, Nevada, Utah and West Texas by the end of 2017. New jobs for about 300 people will include a combination of retail, operations and technical experts. Currently, Sprint operates nearly 400 branded retail locations throughout the Southwest region. Based on an average store size of about 2,500 square feet based on Sprint retail leases signed through...
CoStar's People of Note (Aug. 18) - Cushman Taps Tyler, Avison Adds Glass
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft. Worth and South Florida. CHICAGO Cushman & Wakefield Adds Tyler as Managing Director By...
KORE Investments Buys Republic Park I
KORE Investments, a Denver-based commercial real estate investment group, acquired Republic Park I at 9250 E. Costilla Ave. in Greenwood Village, CO from LNC Investments for $10.8 million, or about $118 per square foot. The brick-and-glass building delivered in 1983 as part of Republic Park, an office campus located south of the Denver Tech Center near I-25 and Arapahoe Rd. Recently renovated in 2015, Republic Park I totals 91,098 square feet...
W.P. Carey Sells 404,000-SF Industrial Complex in Louisville, CO
W.P. Carey Inc. sold the 404,000-square-foot multi-tenant industrial/flex building at 333-335 Centennial Pky. in Louisville, CO to DPC Development Cos. and Long Wharf Capital. Terms of the deal were not disclosed. The new owners plans to carry out a multi-million-dollar renovation to the facility, which will include a new name and brand to showcase the connectivity to Boulder, U.S. 36, and Denver. Chris Ball, Alec Rhodes and Joe Krahn of Cushman...
Doran Begins Construction on New 255-Unit Multifamily Project in Westminster
Doran Cos., a commercial real estate development, construction and design-build company headquartered in Bloomington, MN, kicked off construction on a new $86 million multifamily development in the north Denver suburb of Westminster, CO. Working on behalf of developer Sherman Associates, Doran is constructing the 255-unit The Ascent at 5433 W. 88th Ave. adjacent to the Westminster Center and just off Route 36 in the Westcliff and Cambridge Multifamily...
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