Real Estate Blog

Marvin’s record of employee inclusion and innovation goes back to the earliest days of the company, which now has nearly 50 patents — or patents pending. It's the first window company to deliver with its own fleet of trucks, the first to offer low-E glass on an entire product line and much more.

Young adults today are buying homes five years later on average than they did back in 2006, meaning they have had a lot more time to get accustomed to living in apartments than prior generations.

That in turn is changing how architects and builders are approaching the kind of homes they are putting on the market for first-time buyers.

About six years ago, John Guilliams, a partner at KGA Studio Architects in Louisville, said his firm started studying when millennials might finally buy homes in larger numbers and what would appeal to them.

“If they are moving from an apartment, how can we approach designing a home to make them comfortable, to give them something they are familiar with and that is their own,” he said.

His firm pulled elements from multi-family designs and studied ways to put them into duplexes and townhomes, while keeping costs down. They turned hallways into stairs and stacked floors to put more space onto a smaller footprint. Floor plans were kept open, which elimi..

A Denver real estate company is the new co-owner of a 20-building, 1.3-million-square-foot office park in western Lakewood.

DPC Companies partnered with Salt Lake City-based Bridge Investment Group to purchase the Denver West Business Park for an undisclosed sum in a deal that closed last week.

The 83-acre campus, near Colorado Mills mall with buildings on both the north and south sides of Interstate 70, has undergone $25 million in improvements since 2014. Its new owners are planning to invest another $16 million in upgrades to its buildings and amenities by 2022, according to a news release. Plans include creating a new trails system.

“With strategic renovations, we will reintroduce Denver West as a next-generation workplace that will not only change perceptions of the campus, but will also prepare the entire area for the rapid growth ahead,” DPC president and CEO Chris King, a west metro native, said in a statement.

CBRE represented the seller in the deal, HighBrook Investment..

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In the Denver-metro area, the real estate news never stops, so here we go with our third edition.

AAron Ontiveroz, The Denver PostA view of a construction housing development at 67th and Pecos on Jan. 25, 2018.Rent, but not the musical
This month brought good news for consumers in the market for new digs: Rent increases for homes are beginning to slow. The supply of rental units — both homes and apartments — is creeping up, thus tamping down what landlords are able to charge a month.

AAron Ontiveroz, The Denver PostDenver is on track to see the biggest percen..

Move over DaVita. There is a new top office space user in town, and it’s a co-working company

Shared-office provider WeWork jumped into Denver’s commercial real estate scene in 2016, opening two locations in less than five weeks in April and May.

The Manhattan-based brand didn’t expand in Denver again in 2016 or in 2017. But on Aug. 1, it opened a new space that signaled its ambitions for the Mile High City market: It took on 139,000 square feet in seven floors of the the Tabor Center building at 16th and Lawrence streets.

Those three offices are just the beginning. WeWork officials have confirmed the company has leases in place for five more central Denver locations. Once all are open by late 2020, WeWork could be the biggest office space user in Denver, surpassing Fortune 500 dialysis company DaVita.

The next WeWork will open in the “cash register building,” a.k.a. Wells Fargo Center, at 1700 Lincoln St. The company is taking on five floors there and should begin welcoming member..

Work has begun on a $34-million building that will be the future home of Rocky Mountain PBS, local jazz station KUVO and a host of other public media resources in Denver’s transforming Arapahoe Square area.

The forthcoming Buell Public Media Center will be the base of operations for Rocky Mountain Public Media, Colorado’s biggest member-supported multimedia organization and the parent company of KUVO (89.3 FM) and the local PBS affiliate (KRMA-Channel 6).

Funded through a capital campaign still seeking to raise another $3.5 million, the three-story, 63,528-square-foot facility will house studios, offices, community space and a ground-floor classroom where Emily Griffith Technical College and the city of Denver will offer classes focused on creative industries, according to a news release.

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An apartment building in the Ballpark neighborhood of Lower Downtown Denver faces a federal complaint of housing discrimination that says it has failed to make the complex accessible for disabled tenants.

The U.S. Department of Housing and Urban Development said it charged the owners, architect and builder of The Battery on Blake Street this week with violating the Fair Housing Act. The agency filed the charge after investigating a complaint by the nonprofit Denver Metro Fair Housing Center.

Allegations of federal violations included complaints that parking spaces and common areas, including the swimming pool, as well as some balconies are inaccessible to people with disabilities. Investigators following up on the complaints found the property failed to meet the requirements under the law for making the areas accessible, HUD said.

The case will be heard in federal district court. If it’s determined that discrimination occurred, the judge could award actual and punitive damages, issu..

Southwest of downtown in the Lincoln Park neighborhood a trio of new commercial buildings are rising from the heavily industrial landscape.

Unlike the transformation that preceded it in the Central Platte Valley area to the north, these projects aren’t necessarily introducing new uses to the neighborhood. But they are bringing more density, modern design and — in one case — innovative sustainability features to Denver’s west side.

Earlier this month, Denver Water celebrated construction crews topping out the skeleton of a new six-story administration building being built near the intersection of West 12th Avenue and Shoshone Street. The $55 million building, part of a more than $201 million overhaul of the water utility’s Lincoln Park operations complex, is expected to be home base to 550 workers by the middle of next summer, Denver Water officials say.

It will replace an aging administration building tucked into the utility’s 36-acre complex, one of many structures on the campus fo..

Realtor-turned-developer Kurt Albers has a plan to build more affordable housing for purchase in Loveland.

Courtesy imageAn artistic rendering shows the design of a micro-home proposed by Kurt Albers for a new neighborhood of affordable housing in Loveland.The new neighborhood, currently in the pre-planning stage, is proposed to contain 90 units, composed of 500-square-foot micro homes and 800-square-foot cottages, Albers said Tuesday. The neighborhood, which he plans to call The Meadows, is proposed to include three green belts, a small grocery store, a clubhouse, a dog park and a community garden.

The micro-homes will be ranch-style, with one bedroom, one bath and a loft. The cottages will be two-story with one main floor bedroom, two upstairs bedrooms and two baths.

All are proposed to be on a 10-acre piece of land at 460 S. Boise Ave., south of First Street, though Albers said he is still looking at other sites.

The micro homes would be in the neighborhood of $150,000 to buy, a..

A forecast from Realtor.com, one of the country’s largest real estate listing portals, predicts metro Denver home sales could slow significantly next year, but that the decline in activity won’t derail home price gains as existing homeowners buy up higher-value properties.

“Despite the anticipated slowdown in sales, the Denver housing market remains on solid footing,” said Danielle Hale, chief economist with Realtor.com. “Repeat buyers are likely to drive up the median price of homes in Denver as the mix shifts away from entry-level purchases.”

Realtor.com is calling for a 6.7-percent decline in home sales in metro Denver next year, coming on the heels of a 3-percent gain this year. Despite fewer homes being sold, Hale predicts the median price of a home sold in Denver next year will rise 6.8 percent.

Hale notes that households under the age of 34, the prime market for entry-level properties, is on the decline in metro Denver, while households comprised of move-up buyers aged 35 to ..