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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.

Pinnacle Real Estate Advisors Welcomes Eric Diesch

Posted on Wed, Aug 20, 2014

Eric_Diesch-1Pinnacle Real Estate Advisors, LLC is pleased to announce that Eric Diesch has joined our team as a Senior Advisor.  Prior to Pinnacle, Eric worked as an associate for one of Denver’s top boutique firms where he focused on leasing a portfolio of over two million square feet of real estate as well as representing various corporate, regional and local tenants throughout the Colorado market. Eric graduated from Colorado State University with a degree in corporate finance. Eric has extensive experience in retail leasing and tenant representation.

Eric states, “I am excited to join Pinnacle Real Estate Advisors. Pinnacle Real Estate Advisors is a client focused and team oriented firm.  I am happy to be a part of an experienced group of professionals and look forward to building many new relationships. Pinnacle’s resources and client focused approach will benefit my clients greatly.” 

Click Here to View Eric's Bio

Tags: Denver Retail Broker, Retail Broker Denver, Pinnacle Real Estate Adivosrs, Eric Diesch

Pinnacle Real Estate Advisors Welcomes Doug Kaste

Posted on Tue, Aug 12, 2014

Doug_Kaste-1Pinnacle Real Estate Advisors, LLC is pleased to announce that Doug Kaste has joined our team as an Associate Advisor.  Doug will be joining the Calame Lewallen Team.  Prior to Pinnacle, Doug worked as a Sales Consultant with Depuy Synthes Spine for Johnson and Johnson where he was responsible for managing a territory with millions in annual revenue. Doug graduated from Asbury University located in Wilmore, KY.  He will focus in the industrial product type in the Denver Metro area.

Tags: Industrial Broker Denver, Pinnacle Real Estate Adivosrs, Doug Kaste

A Page Turns on Welton Street

Posted on Wed, Jul 30, 2014

By: Jamie Siebrase, Confluence Denver

As plans to revitalize the Five Points neighborhood are revisited thanks to $475,000 in grants recently doled out by Denver's Office of Economic Development via the Welton Street Challenge, the real challenge unfolds. Local developers are striving to balance heritage with redevelopment on the Welton Street Corridor, Colorado's only historic cultural district.
If you're willing to sit down and listen, Charleszine Terry Nelson, Special Collection and Community Resource Manager for the Blair-Caldwell African American Research Library, will weave you a tale of a time when Welton Street was the hippest strip between St. Louis and San Francisco. 

We look back -- after all, as Nelson says, "You have to build on the past to go forward to the future!" -- for insight into Five Points, the nationally recognized place that roughly 18,000 Denver residents call home.

Tags: Commercial Real Estate Denver, Denver Commercial Real Estate, Welton Street

Denver, state housing thriving

Posted on Tue, Jul 29, 2014

Insider 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 | Insider Real Estate News 

Tags: Denver Real Estate, Real Estate Denver, Denver Housing Market

Union Station celebration on tap

Posted on Mon, Jul 28, 2014

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 

Tags: Commercial Real Estate Denver, Denver Commercial Real Estate, Union Station, Denver Union Station

Denver, state housing thriving

Posted on Mon, Jul 28, 2014

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

Tags: Commercial Real Estate Denver, Denver Commercial Real Estate, Denver Real Estate, Real Estate Denver

770-home neighborhood coming to Stapleton

Posted on Mon, Jul 28, 2014

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 COhomefinder.com.

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 

Tags: Denver Housing Market, Stapleton Denver, Denver Stapleton

Construction begins on 770-home neighborhood at Stapleton

Posted on Mon, Jul 28, 2014

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 

Tags: Stapleton, Denver Construction, Construction Denver

Apartment rents rise

Posted on Sun, Jul 27, 2014

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

Tags: Commercial Real Estate Denver, Apartment Rent Denver, Denver Apartment Rent, Apartment Denver

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

Posted on Sun, Jul 27, 2014

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

Tags: US Economy, US Companies, US Employment

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