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DEN Refinances $628M in Subordinate Revenue Bonds, Saving $46M

The City and County of Denver on behalf of Denver International Airport (DEN) recently announced the successful refunding of $628 million of its 2013A and 2013B subordinate airport revenue bonds. The refinancing will save DEN more than $46 million over the next 20 years. The refinancing was underwritten by Ramirez & Co., Inc. the largest transaction …

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AGC of Colorado Announces 2023 ACE Award Winners

On November 10, the Associated General Contractors (AGC) of Colorado held its 2023 ACE Awards at the Hyatt Regency Denver At Colorado Convention Center in downtown Denver. This year’s theme was Bedazzled Western. To learn more about the winning projects click on the “ACE” titles: Contribution to the Community ACE – Baker Concrete Construction, Inc., The …

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Impact of Colorado’s New Residential Tenant-Friendly Legislation

By Blair E. Lichtenfels, Claire E. Hellweg & Reid M. Galbraith, Brownstein Hyatt Farber Schreck, LLP During the 2023 legislative session, Colorado lawmakers enacted legislation that significantly impacts the manner in which landlords draft residential leases and pursue tenants for defaults, and are permitted to evaluate prospective tenants in residential properties. Given these legislative actions, …

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AI

Cushman & Wakefield to Embed AI Across CRE Transaction Lifecycle

Global commercial real estate services firm Cushman & Wakefield has announced it intends to embed Artificial Intelligence (AI) across its commercial real estate transaction lifecycle, to enhance client and employee outcomes. As part of AI+ – the firm’s new, exclusive digital transformation strategy, powered by AI and underpinned by proprietary data and partnerships – Cushman & Wakefield …

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Denver Among 10 Metros with Largest Forecasted Holiday Sales Gains

Holiday retail sales growth is expected to moderate this season following two explosive years for consumer spending, according to CBRE’s annual Holiday Retail Trends Guide.  Year-over-year retail sales in the Q4 holiday period are expected to increase by 3% compared to the 7.5% jump in 2022 and 14.6% surge in 2021, according to CBRE research. Inflation, lower …

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Colorado Real Estate Industry and Private Equity Veterans Announce Formation of Narrate Holdings

Fund Manager, an investment management firm founded by Zack Kobilca and headquartered out of Denver, has merged with prominent real estate investment and development firm Narrate Companies, helmed by Adam Fenton. The new combined company will operate under Narrate Holdings.  This merger represents a strategic alignment of two of Colorado’s leading real estate and private …

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9th & Colorado Welcomes Six New Retail Tenants

A variety of new restaurants, services and retailers have joined 9th & Colorado (9+CO), a 26-acre urban infill project located at Colorado Boulevard and 9th Avenue co-developed by Continuum Partners and CIM Group. Now open are Skin Laundry, Datura Home, Toastique and Sploot Veterinary Care while Ohm Fitness and Huntington Bank will open in 2024. “In just a few short years, 9+CO has become one of the preeminent …

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The Aurora Highlands Wins 3 Awards at Denver Mame Awards

The Aurora Highlands took home three awards at the Denver MAME Awards on November 11. The MAME Awards are hosted by the Home Builders Association (HBA) of Metro Denver and honor professionals in Denver’s residential building, design and real estate industry. The awards ceremony was held at the Hyatt Regency Denver at Colorado Convention Center. The MAME Awards represent Denver housing industry professionals’ recognition and …

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Colorado CRE Industry Seeks Relief from Disproportionate Tax Burden & Costly Regulations

As state lawmakers are called back to the Capitol today by Governor Polis for a special session to craft a temporary fix for rising property taxes, a long-term property tax structure should include a key group of taxpayers – commercial property owners.  The Colorado Real Estate Alliance (CREA) – a coalition of real estate focused …

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Denver’s Tech Job Growth Accelerates, Outpacing All But Two Markets 

High-tech job growth accelerated in Denver in 2021 and 2022, outpacing all but two other markets in CBRE’s annual Tech-30 report, which measures the tech industry’s impact on office demand and rents in the 30 leading tech markets in the U.S. and Canada.  Denver’s 23.7% growth in high-tech jobs in 2021 and 2022 easily surpassed its …

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