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Cherry Creek North strong, but high rent sends tenants fleeing

Vacant storefronts scattered throughout Cherry Creek North may have some wondering whether the tony shopping district has lost its cachet. But there are about as many retailers opening stores as there are closing, and developers are gearing up for the next round of redevelopment in the neighborhood.  Read full article

Denver Post

Aurora building comes to Dividend Capital in $1.3B portfolio buy

• Dividend Capital Total Realty Trust Inc. of Denver has closed on its purchase of an Aurora industrial building as part of its $1.3 billion portfolio purchase from iStar Financial Inc.
• Village West Apartments, 12155 W. 58th Place, Arvada 80004-4276 — Village West Apartments LLP of Arvada has sold this 58-unit residential property for $3.65 million, or $62,931 per unit. The buyer is Village West LLC of Arvada, according to Jefferson County property records. Pinnacle Real Estate Advisors LLC of Denver represented both seller and buyer.  Read full article

Denver Business Journal

CU Boulder survey: Colorado business leaders expect growth

Colorado business leaders are expecting "solid expansion" in the state's economy for the first time in three years, according to the latest quarterly Leeds Business Confidence Index from the University of Colorado at Boulder's Leeds School of Business.  Read full article

Denver Business Journal

Colorado No. 3 on CNBC’s 2010 list of ‘top states for business’

For the second year in a row, Colorado ranks No. 3 on CNBC’s latest list of “America’s Top States for Business.”  Read full article

Denver Business Journal

Five Colorado cities on Money’s ‘best places to live’ list

Five Colorado small cities are on Money magazine’s latest list of America’s 100 “best places to live,” with Fort Collins at No. 6, Highlands Ranch at No. 12 and Broomfield at No. 19.  Read full article

Denver Business Journal

Denver area’s apartment market continues improvement in Q2

In the second quarter, the metro area’s apartment vacancy rate dropped for the fourth quarter in a row — to 6 percent from 8.5 percent for the same quarter of 2009. “[That’s] the most prolonged positive growth for any Denver real estate sector,” the report said.  Read full article

Denver Business Journal

Commercial real estate up in Q2

Metro Denver’s commercial real estate market continued to slowly improve in the second quarter, thanks to the local economy being healthier than those of other U.S. markets.  Read full article

Denver Business Journal

Lowry office building sells for $18M

A California company has purchased The Quad at Lowry IV office building for $18 million, according to Denver County real estate records.  Read full article

Denver Business Journal

DaVita to settle on downtown office space

Local commercial real estate brokers say DaVita (NYSE: DVA) basically has finalized a deal with MEPT/Kennedy Associates for 250,000 to 300,000 square feet at a second office building at 1900 16th St. in downtown Denver. That space could be all or part of the second building.  Read full article

Denver Business Journal

Non-Listed REITs Beginning to Tap Cash Stockpiles to Make Deals

The fundraising pace has accelerated in 2010. More significantly, the non-traded players are starting to put their capital to work, with a Denver company recently executing the largest commercial real estate investment transaction recorded by CoStar Group in nearly two years.  Read full article

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