Real Estate Blog

A Sprouts Farmers Market is on track to open in Green Valley Ranch later this year, bringing another option to the far northeast Denver neighborhood that has long been light on grocers.

Developer Evergreen Devco announced Friday that it expects construction to begin in March on the 23,300-square-foot store at the intersection of East 56th Avenue and Tower Road.

The store, from the Arizona-based grocery chain specializing in fresh produce and organic and natural foods, will anchor a shopping center that is expected to eventually host eight buildings. The plans include a multi-storefront “shops” project that is expected to get underway in April, according to Evergreen.

The developer closed on the roughly 8.5-acre plot of land in December after finishing work on an adjacent 324-unit apartment project last year. The retailer is designed to complement that and serve the broader far northeast Denver area, said Tyler Carlson, Evergreen’s managing principal based in Denver.

Courtesy of Ev..

Just a year ago, CJ Paillant lived in a brand new apartment complex in Oakland’s Jack London Square witha rooftop terrace, a game lounge and a pool with a hot tub that he and a friend rented for nearly $5,400 a month.

But Paillant, a product manager for a Silicon Valley software company, lost his job early on in the pandemic. So did his roommate. Together, they now owe $43,804.72 in rent.

“I got stuck in my luxury apartment,” said Paillant, who stayed to avoid a fee for breaking his lease but has since moved to West Oakland. He hopes to negotiate a repayment plan with his former landlords, but Paillant knows he isn’t getting his former life back anytime soon. “Now I’ve got to raise this money. My life feels like a movie.”

More than one in seven California renters were behind on their rent payments at the end of last month, according to Census Bureau surveys. And even with a statewide eviction moratorium and federal and state rental relief, some formerly well-paid renters like Pailla..

Habitat for Humanity of Metro Denver is looking to sell its headquarters building in the city’s Highland neighborhood and expects the eventual buyer to redevelop the site.

The local affiliate of the Georgia-based nonprofit, which builds homes using volunteer labor, put its property at 3245 Eliot St. on the market this week. The asking price is $6.8 million, more than five times what Habitat for Humanity paid a decade ago.

The building, which dates to 1955, is 17,070 square feet across two stories. The remainder of the roughly 1-acre corner lot is an 86-spot parking lot. CBRE brokers Monica Wiley and Jeff Wood have the listing.

“The office space isn’t meeting our staff needs anymore, and there are a number of ongoing maintenance issues in the aging building,” Metro Denver Habitat CEO Heather Lafferty said in a statement released by CBRE. “Looking ahead, we have a desire for more flexible and dynamic work space to better accommodate our staff, volunteer and community members’ needs.”
..

When Kassi Horton’s husband, Army Staff Sgt. Shaun Horton, received a cross-country change in assignment in the midst of a pandemic, she knew their homebuying process would be atypical.

Kassi Horton, 27, and her husband, 28, had been living in a rental in upstate New York and felt it was time to purchase their first home in their new location, Colorado Springs, Colorado. But they didn’t want to deal with the health risks and quarantine rules involved with flying back and forth to look at properties. And they didn’t have the luxury of travel time anyway: The housing market in Colorado Springs, like many cities across America, is currently white-hot, with homes selling hours after hitting the market, often at 20% above the asking price.

So they jumped on an increasingly popular bandwagon for first-time buyers and made an offer on a home they had never seen in person. Eight more offers followed. For the Hortons, the ninth time was the charm, and in late January they moved into a new thr..

The line stretched for blocks — manned by cops in reflective vests and corralled by orange cones — each vehicle carrying hungry customers hoping to sample a Double-Double with Animal Fries from In-N-Out’s newest Colorado location, which opened Monday.

Across the street, a steady stream of motorists encircled a Chick-fil-A, in a double-lane drive-thru to snag the Georgia-based restaurant’s fried chicken sandwiches and waffle potato fries.

“We like both,” said Joe Gonzales of Littleton, who with his wife waited 20 minutes this week to get cheeseburgers and fries from the In-N-Out drive-thru while the Chick-fil-A also did a brisk business.

Thus the stage is set in Denver’s south suburbs for a battle royale between two favorites of the fast-food fanatics, each of which regularly deploys a team of workers to take orders and process payment right from customers’ car windows.

But it could also spell traffic management problems for this fast-growing city, and the age-old problem of busines..

After buying up multiple buildings and properties just inside the Beltline, a Raleigh developer has revealed its initial project for the area.

The site's manufacturing history dates back to the Glenn L. Martin Co., which began building aircraft there in 1929.

The specialty grocer, long rumored to be looking for a space in the Sunshine City, is said to have tenatively agreed to occupy a redevelopment near Old Northeast.

Legislators still need to approve more than $150 million more to bring the South San Antonio project to completion.

Every February, the Cushman & Wakefield Kansas City research team compiles our annual report. It’s a comprehensive review of what took place in the local commercial real estate market, what the major factors were, how the year fits in with the larger historical trend, and what the coming year may bring. As the report comes together, I get to review it and I want to share a few highlights and themes that the report will dive into in much greater detail.