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U.S. Office Market Post Strong Third Quarter Absorption

With the construction pipeline all but shut down and reduced rents prompting many tenants to trade up for better or more efficient space, the U.S. office market absorbed a strong 19 million square feet in the third quarter. The leasing…

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CRE vacancy rates drop in third quarter

Metro Denver’s commercial real estate market inched toward recovery in the third quarter, with vacancy rates for all three market segments – office, industrial and retail dropping slightly, according to CB Richard Ellis. Third-quarter highlights from the report include: Six…

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Republic Plaza Owner buying 1801 California

Downtown Denver’s 1801 Caifornia Street office tower, former headquarters of Qwest Communications International, is under contract to Brookfield Asset Management Inc. The skyscraper is now home to local offices of CenturyLink Inc. which bought Qwest in April. Previously, 28-year old…

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