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Pinnacle Post - Commercial Real Estate in Denver

Pinnacle Real Estate Advisors provides up-to-date information on commercial real estate news in Denver. Our commercial real estate blog delivers market data and market trends for all product types including: office, industrial, multifamily, land, retail and student housing.

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Union Station celebration on tap


Insider Real Estate News 

All aboard. The official Denver Union Station grand opening celebration will be held from 10 a.m. to 3 p.m. this Saturday.

This free community celebration, presented by FirstBank, will feature food trucks, vendors, family activities and live music.

Three bands will perform as part of the event. Rachel and the Kings will take the stage at 10:45 a.m., followed by Roger Clyne and the Peacemakers at 12:30 p.m. The Railbenders will take the stage at 2 p.m.

The official Denver Union Station Opening ceremony will be held at noon by the Union Station Alliance partners.


Click Here to Read the Full Article | Insider Real Estate News 

Denver, state housing thriving


By: Inside Real Estate News 

Over the weekend, Realtor Anthony Rael listed a 3-bedroom, 3-bathroom home with 1,380-square-feet in Arvada. In 36 hours, Rael had 55 showings and nine offers, all of them above the asking price of $225,000.

It went under contract on Sunday.

“It shows you what a hot price range that is,” said Rael, a Realtor with RE/MAX Alliance.

A second-quarter report released on Monday by the Colorado Association of Realtors largely supports what Rael and other Realtors are seeing on the street.


Click Here to Read the Full Article | Inside Real Estate News

Construction begins on 770-home neighborhood at Stapleton


Construction is now underway at Willow Park East, a new neighborhood in Denver's Stapleton area that will eventually include 770 single-family homes.

Homes at Willow Park East, north of Interstate 70, will come at a wide range of prices, beginning at the mid-$100,000 level and reaching to the $800,000s. Home sizes will run from 1,000 to 3,500 square feet.

"Willow Park East strikes a perfect balance between nature and urban inspired living," said John Lehigh, president of Forest City Stapleton, Willow Park East's developer.

Click Here to Read the Full Article | Denver Business Journal 

770-home neighborhood coming to Stapleton


A new 770-home neighborhood that will have a completed value of hundreds of millions of dollars, is projected to sell out quickly in Stapleton. Forest City Enterprises Inc., the developer of Stapleton, on Thursday unveiled plans for Willow Park East, its second housing community north of Interstate 70.

If the average price of a new home in the new neighborhood is $450,000, it would have a completed value in today’s dollars of $346.5 million. The median price of a home sold in Stapleton is $429,250, according to

One expert said Forest City expects the homes to sell out within two years.

Click Here to Read the Full Article | Inside Real Estate News 

Apartment rents rise


Inside Real Estate News 

Rising Denver metro-area rents are being moderated by discounts and concessions to renters, according to a report released today.

Rent discounts and concessions averaged 9.3 percent in the second quarter up from 6.9 percent for the first quarter, according to the Denver Metro Apartment Vacancy Rent Survey released by the Apartment Association of Metro Denver and the University of Denver.

“Concessions are typically higher in the summer months and with the new product coming on-line that contributes to increased concessions because new properties are seeking to attract residents,“ said Mark Williams, executive vice president of the Apartment Association of Metro Denver.

Click Here to Read the Full Article | The Denver Post

U.S. companies report rising sales, employment in second quarter


By: The Associated Press, The Denver Post 

DETROIT — Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

Fifty-seven percent of the 85 respondents to the survey said sales at their companies rose in the April-June period. That was up from 53 percent in the first quarter and 35 percent in the same period a year ago. Just 5 percent of firms said sales fell during the second quarter.

As sales picked up, so did hiring. Thirty-six percent of firms said they hired more workers during the second quarter, up from 28 percent in the first quarter.

Click Here to Read the Full Article | The Denver Post

RedPeak opens famed hotel as apartments


The former Burnsley Hotel building, that once was owned by an investment group that included Ella Fitzgerald and Kirk Douglas, made its official debut last week as a luxury apartment tower.

RedPeak Properties bought the 17-story tower last year for $10 million and pumped another $7 million into it.

RedPeak renamed the 51-year-old building as the “1000 Grant The Burnsley” apartment residences. It already is 34 percent leased, with monthly rents starting at $1,530.

Click Here to Read the Full Article | Inside Real Estate News

High Prices Pushing Hotel Investors Into Select Service, Second-Tier Markets


By: Randyl Drummer, Costar 

With hospitality property operating metrics strong and getting stronger and capital chasing a limited number of available properties, the lack of high-quality assets on the market is pushing investors into the select service and extended stay segments, second- and even third-tier markets and other alternative asset classes.

The heated competition among buyers may even be contributing to a new round of consolidation in the lodging REIT sector, according to Fitch Ratings, citing the recent $1.95 billion acquisition by American Realty Capital Hospitality Trust of the former Equity Inns portfolio. At minimum, the transaction further reveals the extensive investment capital available for hotel acquisitions.

REITs that own select service hotel properties could be possible acquisition targets, Fitch notes. 


Click Here to Read the Full Article | Costar

US consumer prices up 0.3 percent in June


The Associated Press, The Denver Post  

WASHINGTON (AP) — U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.

Prices rose 0.3 percent in June following a 0.4 percent rise in May, the Labor Department reported Tuesday. The May increase had been the biggest one-month gain in more than a year.

Energy prices were up 1.6 percent, nearly double the May gain, reflecting a sharp 3.3 percent rise in gasoline costs. But food costs edged up just 0.1 percent, the smallest gain since January.


Click Here to Read the Full Article |The Denver Post

RTD's FasTracks takes another step forward


One more element of the Regional Transportation District’s sprawling FasTracks rail construction project is starting to move forward — if it can land a federal grant.

The RTD board of directors this week gave the go-ahead for the mass transit agency to build a $207 million extension to the existing southeast rail line along Interstate 25. The extension will run from the current end of the line near Lincoln Avenue further into Douglas County.

But RTD still needs money to actually pay for the construction of the light rail extension.

Click Here to Read the Full Article | Denver Business Journal 

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