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Healthier CRE market expected in new year

With year over year vacancy rates declining in all three submarkets, metro Denver’s commercial real estate is poised for continued recovery in 2012, according to fourth quarter Market View from CBRE Inc. The metro Denver office market’s vacancy rate dropped to 15.7% in the fourth quarter, down 0.1 percent from the third quarter and 0.3…

Holland plans three projects with a total of 800 apartments

Riding the strength of the growing multifamily-housing submarket in metro Denver,Holland Partners Group plans three large apartment complexes that could bring almost 800 units to the market before 2014. Clyde Holland, a former West Coast managing partner for Trammell Crow Residential, formed the company 11 years ago. The Vancouver, Wash.-based Holland, which has a regional…

Transwestern pays $37.4M for Englewood office

Transwestern Investment Management purchased the Class A office building at 198 Inverness Drive West in Englewood, Co. from Lowe Enterprises Real Estate Group for $37.4 million or $232 per square foot. TIM made the acquisition on behalf of a pension client. The 160,851 square foot office building was built n 1990 and renovated in 2009.