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Market Street Station sold to Continuum Partners for $14.5 million. Continuum Partners is planning to build a $150 million mixed-use development on the two-acre site. The 370,000 square foot development will include 90,000 square feet of office space, 85,000 square feet of retail space and approximately 225 rental units. The project also includes two levels…
Property tax for commercial properties likely to increase substantially come January 2015. According to Denver County Assessor’s office and their most resent reassessment, commercial properties saw an average of 18% increase in their assessed values. Multifamily properties saw the highest increase in property values, with an average of 33%. State law requires the county assessors…
Denver office market vacancy drops to 9.8% in Q3 2015 with net positive absorption of 1,091,048 square feet. This represents the highest net absorption over the last four quarters. This compares to the second quarter 2015 with net positive absorption of 927,619 square feet, while first quarter 2015 saw positive 336,034 square feet, and positive…
Denver industrial building vacancies drops to 4.1% in Q3 2015, with net positive absorption of 763,996 square feet in the third quarter. Vacant sublease space also decreased, ending the quarter at 1,040,923 square feet. Net absorption for the overall Denver industrial building market in third quarter was slightly lower than second quarter 2015 with 946,454…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
