Latest News

Jan 26, 2021

BROOMFIELD — Neighbors in Broomfield’s Palisades Park neighborhood came out in force — virtually, of course — during Tuesday’s Broomfield City Council meeting to fight back against plans to build a huge new industrial complex close to their backyards. Developer SunCap Property Group has proposed a four-building, 526,000-square-foot light industrial and distribution campus on a vacant, roughly 76-acre parcel just east of Huron Street and west of Interstate 25. Several dozen public speakers joined the more than 100 residents who commented on the city’s development website to oppose the project, which was presented this week as part of the site-review process.

Jan 26, 2021

LOUISVILLE — Developer and commercial real estate investment management firm Exeter Property Group LLC recently purchased a 7.28-acre property at the Colorado Tech Center business park, where it plans to build a new 100,000-square-foot speculative flex industrial building. Exeter bought the property at 727 and 769 CTC Blvd., one of the few remaining developable parcels in the park, from Doug D’Apuzzo of Roscoe Development Corp., which had owned the parcel since 2014.Andrew Freemanof Freeman Myre Inc. was the broker in the deal. “He was planning on developing the site, but activity has picked up at the Colorado Tech Center and land values have gone up,” Freeman said of D’Apuzzo. “So this was a price he was willing to accept to sell the land.”

Jan 5, 2021

BOULDER — Commercial real estate manager Emerald Real Estate has acquired the former Pharmaca store at the corner of Pearl Street and 17th Street. The store with 3,334 square feet of retail space at 1647 Pearl St. was sold to a subsidiary owned by the Boulder-based Emerald in a deal earlier this month, according to Boulder County property records. It was previously owned by a real estate holding subsidiary registered to a residential address in Windsor. County officials last valued the property at $2.06 million.

Jan 5, 2021

FREDERICK — Green Eyed Motors, a used car dealer in Boulder specializing in hybrid and electric vehicles, is opening a new showroom and shop in Frederick. The company has leased a 15,000-square-foot space at 4040 Salazar Way in the Park 4040 business and industrial area, according to Keys Commercial Real Estate LLC, which represented Green Eyed in the deal. The showroom, expected to be open in March 2021, has space for 200 cars.

Jan 5, 2021

California-based Westcore recently purchased an 11-building, 509,164-square-foot industrial campus in Broomfield for $48 million, according to property records. The 35-acre property is located at the intersection of West Midway Boulevard and Burbank Street. Tyler Carner, Jeremy Ballenger, Jim Bolt, Jessica Ostermick of CBRE represented the seller, Commander Leasing LLC. Westcore represented itself.

Dec 9, 2020

December 8, 2020 | 4:14 P.M. While states reimpose restrictions on restaurants in a surging pandemic, the industry’s U.S. trade group is pleading with Congress for help, citing an estimated 110,000 eateries that have already closed and another half million in what it calls a disastrous “free fall” that threatens to pour more commercial real estate space onto the market.

Nov 23, 2020

BOULDER — Eric Roza, a former technology CEO and the owner of the CrossFit Sanitas gym in Boulder, bought the CrossFit brand earlier this year, and now the popular fitness brand will be headquartered in Boulder. The company recently inked a lease to take over the entirety of the former Anthem Branding office building at 2617 Broadway. The property will house CrossFit’s corporate administration functions. Previously, the company’s headquarters was in Santa Cruz, California.

Nov 17, 2020

BOULDER — The former site of the September School at the corner of Walnut and 19th streets could be revived to serve as a drug rehabilitation and group home facility. Boulder’s Planning Board is set Thursday to review plans to renovate the historic home — built in 1873 or 1874, it’s one of the oldest surviving homes in Boulder, according to the city — and a nearly 15,000-square foot addition.

Nov 10, 2020

DENVER — Credit rating agency Moody’s Corp. (NYSE: MCO) gave its thumbs-up to Colorado voters choosing to repeal the Gallagher Amendment in Tuesday’s election, saying it would help stabilize property tax revenues in the following fiscal year. The Gallagher Amendment was placed in the Colorado Constitution in 1982 and created a ratio where no more than 45% of all property taxes collected would be paid by residential homeowners. It also locked the commercial property assessment rate at 29% of a property’s market value.

Nov 10, 2020

LOVELAND — Information and Real Estate Services LLC, a Loveland-based multiple listing service that operates in Northern Colorado and the Boulder Valley, announced this week a new partnership with RealX Ventures Inc., a company that allows land owners to list information about their property rights and what they’re willing to lease.

Nov 10, 2020

LOVELAND — McWhinney Real Estate Services Inc., master developer of Centerra, has signed three new tenants for the company’s industrial campus on the northwest end of the complex. The company also will expand its industrial offerings in Centerra with a new building and a new industrial complex. McWhinney said that Geary Pacific Supply, NorCo Volleyball Club and an unnamed national home-improvement company have signed agreements.

Sep 29, 2020

Ballot language doesn’t get much more complicated than Amendment B, the legislatively referred measure to repeal the Gallagher Amendment. The ballot language says, “Without increasing property tax rates, to help preserve funding for local districts that provide fire protection, police, ambulance, hospital, kindergarten through twelfth grade education, and other services, and to avoid automatic mill levy increases, shall there be an amendment to the Colorado constitution to repeal the requirement that the general assembly periodically change the residential assessment rate in order to maintain the statewide proportion of residential property as compared to all other taxable property valued for property tax purposes and repeal the nonresidential property tax assessment rate of twenty-nine percent?”

Sep 22, 2020

While the pandemic has changed many aspects of our society in a short amount of time, the substantial impact on the office market is among the most staggering for the commercial real estate industry. Within days of shelter-in-place orders, thousands of businesses around Colorado emptied out their offices and settled into a virtual workplace routine, many expecting to be back within a few weeks. Six months later, companies still are grappling with the new realities of virtual work arrangements and trying to navigate their office leases to accommodate an unknown future.

Sep 18, 2020

BROOMFIELD — McWhinney Real Estate Services Inc. is advancing its proposal to build a new 200,000-square-foot delivery center that would be leased to Amazon Inc. (Nasdaq: AMZN) at the Baseline development in Broomfield after the city’s Planning and Zoning Commission voted this week in favor of the project’s development plan. The Broomfield delivery center would be what Amazon describes as a “final-mile” facility, which serves the last stop between larger regional distribution centers such as those in Thornton and Aurora and the drivers who deliver packages to end-users.

Sep 15, 2020

LOUISVILLE — Alternative media streaming company Gaia Inc. (Nasdaq: GAIA) has sold off half of its headquarters for $13 million in order to pay down debt. In a statement, the Louisville company said it sold half of the office space at its headquarters at 833 W. South Boulder Road that it said was unoccupied to a “strategic real estate investor.” The company did not identify the buyer, and no property sales have been recorded at that building with the Boulder County Recorder’s office as of Thursday afternoon.

Sep 15, 2020

BOULDER — A damages hearing in a rent-default lawsuit involving a Boulder software company has been set for 1:30 p.m., Friday, Sept. 11. Fathym Inc., which occupied 1916 13th St., Suite A, was sued by its landlord, Wencel Building LLC, on July 15 in Boulder County District Court, in a complaint alleging that Fathym failed to pay rent beginning in April. An attorney for Boulder law firm Dietze and Davis PC, which represents Wencel, did not respond to requests for comment. A message left on Fathym’s voice mail was not returned.

Sep 1, 2020

SUNNYVALE, Calif. and BOULDER — A companywide layoff at California-based cloud-management firm NetApp Inc. (Nasdaq: NTAP) will likely lead to job losses among its Boulder employees. In a call with analysts last Thursday, CEO George Kurian confirmed media reports of a 5% reduction in staff to refocus the company on more-profitable sections of the business. He also confirmed layoffs and restructuring at SolidFire, a formerly Boulder-based producer of flash memory for cloud data centers. NetApp acquired the company in February 2016 for $780 million, but maintained staff and an office in Boulder. SolidFire in 2015 leased 62,000 square feet in PearlWest at 11th and Pearl streets.

Sep 1, 2020

BOULDER — Jones + Co., a boutique seller of clothing, home goods and jewelry, is taking over the Boulder storefront previously occupied by Warby Parker. The upscale eyewear retailer moved from its space at 1949 Pearl St. this month to a larger shop at the Twenty Ninth Street shopping district. Jones + Co is moving into the roughly 900-square-foot Pearl Street storefront owned by FH Properties LLC from its current home at 2023 17th St.

Sep 1, 2020

BOULDER — Barnsley Tire Co. a fixture on Pearl Street in Boulder for four decades, has moved into a new location at 2940 Valmont Road, and its former home is being marketed by a local commercial real estate firm. Monday marked the first day in operation at the new location adjacent to the Modern Specialists Inc. auto repair shop, according to a Barnsley employee.

Jul 22, 2020

How badly has the COVID-19 pandemic hurt the real estate industry? The answer varies wildly depending on which sector of the market you’re looking at, Boulder Valley real estate executives said Tuesday during Biz-West’s virtual Real Estate CEO Roundtable. The residential and industrial sectors have proven incredibly resilient while the retail and office markets have displayed significant vulnerabilities.

Jul 20, 2020

A joint venture has sold an industrial property in greater Boulder, Colorado, for almost double what it paid for the property only three years ago, after upgrading and fully leasing up the space. Berkeley Partners, based in San Francisco, paid $49 million, or $119.08 per square foot, for the 411,485-square-foot industrial property at 333-335 Centennial Parkway. in Louisville, Colorado, according to CoStar data and a statement from CBRE, which brokered the sale.

Jul 14, 2020

Over the past 90 days, the economy, in Denver and nationally, has experienced severe impacts by the unexpected arrival of the COVID-19 virus. In addition to restaurants, bars, music venues and sports stadiums, many offices have been closed under stay-at-home orders and companies have been forced to adapt. While the macro problem cuts across industries and affects many sectors in the commercial real estate arena, the scope of this article focuses on tenants that occupy space in office buildings.

Jul 13, 2020

The U.S. Treasury Department and Small Business Administration’s Payroll Protection Program was designed to serve as a life preserver for employees and business owners reeling from the COVID-19 pandemic. While there’s evidence to suggest that the program is working for some businesses — 172,786 jobs were directly retained as a result of PPP, the government reported this week — it is by no means a silver bullet. There are firms that have gone under despite receiving PPP dollars. So what happens when a company folds after getting its hands on PPP money? The answer, due in part to the fact that the program was hastily crafted in response to an unprecedented and rapidly evolving economic emergency, often appears to be a combination of “Well, it depends” and “We’re just not really sure yet.”

Jul 13, 2020

GREELEY — Weld County School District 6 and Banner Health have swapped properties to permit the district to build a new pre-kindergarten through eighth grade school near the Boomerang Golf Course off 71st Avenue in Greeley. While the property swap was recorded as a zero-dollar transaction in Weld County property records, it appears that District 6 got more acreage and spent less money than Banner, the Phoenix-based health-care system with more than 20 facilities in Northern Colorado.Reasons for the property swap are not clear. But property records show that District 6 bought about 45 acres of land Dec. 17, 2019, from State Farm Mutual Automobile Insurance Co. in the Promontory development for $2.4 million. The property, located just east of the State Farm buildings along Promontory Circle, is not within the school district boundaries, which would have made it difficult to use for a school facility.

Jun 15, 2020

LOVELAND — Information and Real Estate Services LLC, a Loveland-based multiple listing service that operates in Northern Colorado and the Boulder Valley, and Denver real estate listing platform REcolorado have consummated a data-sharing agreement in which the MLS listings will be fully integrated. IRES and REcolorado first joined forces in January with a less-comprehensive deal to allow one another internal access to their Real Property Resource View platforms. Under the new agreement, brokers throughout both territories can access the full combined MLS platform. For example, brokers in Loveland could search listings in Lakewood without bumping into artificial boundaries inherent to nonintegrated MLS platforms.

Jun 15, 2020

LOUISVILLE — At least 15 years of uncertainty for the former Storage Technology Corp. site in Louisville soon could come to an end. Entitlement of a 430-acre parcel in Louisville commonly known as the Phillips 66 property will soon occur, potentially bringing parks, hotels, housing and corporate offices.

Jun 15, 2020

In the plodding march back to some level or pre-coronavirus normalcy in Colorado, enclosed shopping malls are one bastion of American consumerism that has remained under the thumb of the virus and government shutdown orders the longest. With room for hordes of shoppers and common areas designed as places for people to lounge and congregate, roofed-in malls have had to seek special permission from health officials to reopen their doors while shops in their open-air and strip center counterparts have been able to welcome customers in limited numbers for weeks.

May 11, 2020

There’s always a certain level of tension between tenants and landlords. It’s completely understandable. Tenants want cheaper rent because every dollar they don’t spend on the roof above their heads is another dollar of potential profit. Landlords want to maximize the value of their properties and every additional dollar in rent is a boost to their bottom lines. Under normal circumstances, an equilibrium exists. Landlords can’t push rates too high or they risk forcing out good, longtime tenants. Renters want well maintained, high quality space, so they can’t demand rental rates that force landlords to cheap out on the amenities.

Apr 16, 2020

LAFAYETTE — The Lafayette City Council has authorized spending up to $500,000 to support small businesses experiencing challenges from the COVID-19 pandemic. The money will fund the Lafayette COVID-19 Small Business Emergency Relief Grant Program. The program will run jointly with the Lafayette Urban Renewal Authority. Businesses in good standing with the city, with two or more employees and a brick-and-mortar presence in Lafayette are eligible for up to $10,000 to cover operating expenses. “Small businesses are vital to the success and character of the Lafayette community,” Mayor Jamie Harkins said in a written statement. “Not only do these establishments provide important tax revenue to support city services, they energize our community’s identity, enhance community involvement, and stimulate the creation of local jobs. We want to help our businesses ride out these difficult times and be in a position to quickly reopen their doors as soon as public health orders are lifted.”

Apr 16, 2020

BOULDER — Boulder’s development-review and permitting process is often cumbersome for businesses to operate and can lead to unnecessary and expensive project delays, according to results of a recent survey of Boulder Chamber members. “Our business community will face catastrophic losses due to COVID-19,” Boulder Chamber senior director of policy programs Lori Call said in a statement accompanying the Chamber’s survey summary. “As we navigate this crisis, we need to ensure that Boulder remains a welcoming place for business to operate by reducing costs due to unnecessary delays in development review and permitting procedures.”

Apr 16, 2020

By Lucas High — April 14, 2020 BOULDER — An office building at 1735 15th St. in Boulder recently sold for $3.6 million. The seller of the roughly 7,300 square foot space is XYZ Corp., a Longmont entity registered with the Colorado Secretary of State’s office in 1975 by Donald James. Poe Ventures LLC, a Boulder company registered to Donald Poe, bought the property, which is just a few blocks for the Pearl Street Mall. Poe’s firm People Productions Film and Video Services Inc. occupies the office space. Featured in BizWest – April 14, 2020

Feb 25, 2020

By Lucas High — February 24, 2020 BOULDER — The former Walnut Brewery building — a century-old, 7,600-square-foot retail storefront at 1123 Walnut St. in the heart of Boulder — recently changed hands for $4.65 million. Frank Day, founder of the original Old Chicago restaurant in Boulder, first opened the brewery in 1990. After three decades of stability, the last few years have been marked by turnover at the site. In 2017, Walnut Brewery closed, and another high-profile brewery tenant took over: Boulder Beer. That short-lived tenure was followed by an even shorter stint — only about 2 months — as a Detroit-style pizza concept called Squared Pizza + Beer, which closed in December 2018.

Feb 17, 2020

By Lucas High — February 13, 2020 BOULDER and LONGMONT — It isn’t just the employees and customers of Lucky’s Market who are left in the lurch when the grocery store locations close, as is the case at dozens of Lucky’s stores around the country. Businesses that share shopping center space also suffer when anchor tenants go belly up. “As one could imagine, [the Lucky’s closure] will likely have a pretty negative impact in the short term for the other tenants in the shopping center while the landlord regroups and finds a replacement anchor,” Geoffrey Keys, president Keys Commercial Real Estate in Boulder, told BizWest.

Feb 17, 2020

By Lucas High — February 13, 2020 BOULDER — Front Range Biosciences Inc., an agricultural biotech company focused on high-value crops such as cannabis, formerly based in Lafayette, recently leased a nearly 40,000-square-foot office space that will serve as the firm’s new headquarters. The new headquarters at 6400 Lookout Road in Gunbarrel previously housed BI Inc. That firm, which designs and manufactures monitoring technology such as GPS ankle bracelets and alcohol-monitoring devices for law-enforcement agencies, now operates out of offices at 6265 Gunbarrel Ave. Karla Brown with The Colorado Group, Inc. represented Front Range in the lease transaction, and Geoffrey Keys and George Ryan of Keys Commercial Real Estate in Boulder represented the landlord. Featured in BizWest – February 13, 2020

Jan 30, 2020

Peak Utility Services Group Inc., a telecommunications and utility consulting firm, recently signed a lease for 17,000 square feet of office space in Broomfield’s Interlocken Business Park. CRE 310 Interlocken Parkway LLC, owner of the building at 310 Interlocken Parkway, was represented in the lease transaction by Ronan Truesdale, Geoffrey Keys and George Ryan of Keys Commercial Real Estate, according to a company news release. Peak was represented by Doug Jennings of Re/Max Commercial. Featured in BizWest – January 29, 2020

Jan 27, 2020

By Lucas High – January 15, 2020 LOUISVILLE — Medtronic Inc., which is in talks to build a 500,000-square-foot corporate campus, might not be the only large employer to eventually set up shop at the former Phillips 66 site in Louisville. Chad Brue, co-founder of development firm Brue Baukol Capital Partners, said three additional firms — all with current operations in the Boulder Valley — are eyeing vacant, roughly 400-acre property located at U.S. Highway 36 and Northwest Parkway for possible new offices, labs or manufacturing facilities. Brue did not name the companies that have expressed interest in the Phillips 66 land, now known as Redtail Ridge. He also stressed that the firms are only in the exploratory phases of relocating or expanding to the Louisville property and no deals have been inked.

Jan 14, 2020

LAFAYETTE — Alabama-based commercial real estate developer Hix Snedeker Cos. recently offloaded a roughly 3-acre plot within the firm’s Lafayette Promenade for just over $5.8 million. The parcel is home to an approximately 20,000-square-foot Tractor Supply Store, which was built in 2018. The Lafayette Promenade commercial development, which has been in the works for about five years, is on a 30-acre parcel at the southwest corner of U.S. Highway 287 and Lucerne Drive, adjacent to Erie’s Nine Mile Corner project. Lafayette Promenade is home to retailers such as Kohl’s Corp. (NYSE: KSS) and Les Schwab Tire Center.

Dec 5, 2019

By: Shelley Widhalm 2020 BIzWest Giving Guide – The Buisness of Philanthropy The Foothills United Way wanted to increase its efficiency both in house and for the communities it serves and asked the much larger Mile High United Way about a potential merger. “Why aren’t United Ways working together? It seems like we could have greater economies of scale,” said Carlos Pacheco, board member for the Mile High United Way and former chairman of the board for the Foothills United Way, where he served for six years. He is the chief executive officer of Premier Members Credit Union in Boulder.

Nov 25, 2019

By Ken Amundson – November 21, 2019 BOULDER — It may be more difficult for real estate professionals and other business people to do business in Boulder than other places, but a cadre of Realtors and business leaders still are bullish on what lies ahead for Boulder. “I’m optimistic about Boulder. We’ve bought six buildings so far this year and are under contract for five more. We’re insulated, but not isolated here. Boulder will hold its own regardless of the economy,” landlord and property developer Stephen Tebo concluded at the end of a session about what lies ahead for Boulder.

Oct 30, 2019

By Sam Lounsberry – October 30, 2019 Boulder City Council gave final approval to the 2020 municipal budget Tuesday, allocating $415.2 million between 32 city funds. The big changes that occurred during the multimeeting budgeting process included shifting $700,000 out of reserve funds to put toward transportation safety project funding, and scrapping a renovation project for the Municipal Building, 1777 Broadway. The building improvement, which would have added a new doorway, would have cost $700,000, and that money was instead put toward filling a gap in construction costs for the North Boulder Library Branch. The library project’s website states there is a $1 million to $1.5 million funding shortfall between completing the new branch in alignment with the community’s vision and available resources.

Oct 29, 2019

By Lucas High — September 20, 2019 Boulder-based Premier Members Credit Union recently purchased an office building in Broomfield’s Interlocken business park for more than $11.6 million. The seller was Pacifica Interlocken Partners LP, an entity associated with California-based investment and property management firm Pacifica Real Estate Group. The roughly 52,000-square-foot property last sold in 2011 for $9.15 million, Broomfield property records show. It was built in 1996.

Oct 29, 2019

A Boston-based real estate investment and management company added to its Boulder County portfolio with the $21.2 million purchase of the GHX World Headquarters in Louisville. Tritower Financial Group bought the 106,877-square-foot building at 1315 W. Century Drive from Lexington Realty Trust for $198.36 per sf. “This is our fourth investment in Boulder and the route 36 corridor. We love the market, and we thought there was a great opportunity to buy this building and help GHX grow in the market, and in the building itself,” said Tod Brainard, Tritower partner and director of acquisitions.

Sep 23, 2019

Eric Platt in New York and James Fontanella-Khan in London – Financial TimesSep 17, 2019, 5:18am EDT WeWork shelved its initial public offering on Monday night after struggling to drum up investor interest in the multibillion-dollar listing, in an embarrassing setback for the New York-based property group. The company had planned to launch a roadshow marketing the IPO as early as Monday morning, and to price and list its shares next week. It said it now aimed to complete its offering by year-end, but declined to comment further.

Aug 1, 2019

LOUISVILLE — A local developer is planning to build a new 83,441-square-foot flex industrial building in Louisville’s Colorado Technology Center business park. The project is being led by CTC FCM II LLC, an entity registered to Andrew Freeman of Boulder’s W.W. Reynolds Cos., according to planning documents recently submitted to Louisville. The site of the new building at 1875 Taylor Ave. within the CTC was purchased by that group in 2018 for $1.25 million, Boulder County public records show.

Jul 11, 2019

Keys Commercial Real Estate announced today the successful sale of 1285 Cimarron Dr. in Lafayette, the former home of Foothills United Way, which is located in the Westgate Office Park. 1285 Cimarron has been purchased by “Happy Tails Properties, LLC.” The Buyer’s planned use for the building is for a veterinary clinic. According to county records, the Purchaser paid $1,472,000 for the approximately 6,300 square foot stand-alone building. The building is also home to Early Childhood Council of Boulder County.

Jun 18, 2019

Keys Commercial Real Estate announced today the successful sale of 1285 Cimarron Dr. in Lafayette, the former home of Foothills United Way, which is located in the Westgate Office Park. 1285 Cimarron has been purchased by “Happy Tails Properties, LLC.” The Buyer’s planned use for the building is for a veterinary clinic. According to county records, the Purchaser paid $1,472,000 for the approximately 6,300 square foot stand-alone building. The building is also home to Early Childhood Council of Boulder County.

May 7, 2019

BOULDER — For nearly three decades the prime Boulder real estate at 1123 Walnut St. was home to Walnut Brewery.The former Walnut Brewery space at 1123 Walnut Street is on the market for $5 million. In 2017, the iconic brewery closed and another high-profile brewery tenant took over: Boulder Beer. That short-lived tenure was followed by an even shorter stint — only about 2 months — as a Detroit-style pizza concept called Squared Pizza + Beer, which closed in December 2018. Soon the space will be home to a new business.

Apr 23, 2019

Keys Commercial Real Estate represented Liberty Puzzles in the renewal of their lease at their current space at 1468 Pearl Street on Boulder’s Pearl Street Mall. Liberty Puzzles has been in the same location on Pearl Street Mall since 2015. Keys Brokers, Geoffrey Keys and Ronan Truesdale represented Liberty Puzzles in the deal.

Apr 11, 2019

Keys Commercial Real Estate announced they have represented 4 Noses Brewing in their Lease of 8,100 square feet at 2205 Central Ave. in Flatiron Park, in East Boulder. 4 Noses will be constructing a brewery and barrel aging facility at their new location. Keys Broker, David A. Weissmann represented 4 Noses Brewing in the deal, which is their first facility in Boulder. The Landlord was represented by Dryden Dunsmore at Dean Callan.

Apr 2, 2019

Keys Commercial is excited to announce the leasing of the Canyon West Building (525 Canyon). Brokers George Ryan and Geoffrey Keys have recently closed on this bright and capacious space which sits just across the street from the Boulder County Justice Center. The entirety of the 4,051 square feet building was leased on February 11, 2019, shortly after being listed to the market. The space moved fast given that it has recently been renovated by Sand Construction. Zak Dirt has leased this property for temporary office space as they have strategically opened shop near their new project in Boulder Canyon.

Mar 18, 2019

BOULDER — Snarf’s Sandwiches’ flagship store on Boulder’s Pearl Street is closing later this month as construction begins on a luxury townhome development in that location. The sandwich shop at 2128 Pearl St. opened in 2007 when Snarf’s original location, opened on Pearl Street in 1996, was also shuttered to make way for new residential development. The 2128 Pearl St. store will close March 27. Snarf’s plans to reopen in a yet-to-be-determined location nearby.

Mar 12, 2019

BOULDER — Boulder city officials released a memorandum Monday calling for offers from potential buyers of city-owned parcels at 30th and Pearl streets, known as the 30 Pearl property. Three parcels at 2360 30th St. will be sold. One of the parcels is available immediately, and the other two will be sold at an unspecified later date. “These properties are intended to be developed as a mix of market-rate residential for-sale condos, townhomes, co-housing/cooperative housing, as well as affordable commercial spaces,” according to a city news release.

Mar 6, 2019

By: Thomas Gounley- March 6, 2019 -The FBI has a new landlord. The four-story building the law enforcement agency leases at 8000 E. 36th Ave. in Denver’s Stapleton neighborhood has sold for $72.9 million, according to county records. The buyer was USGBF FBI Denver LLC, which lists an office address that matches that of San Antonio-based USAA Real Estate Co. The company did not respond to a request for comment. Massachusetts Mutual Life Insurance Co. provided financing for the deal.

Mar 6, 2019

BOULDER — Graham Street Realty, a San Francisco-based real estate investment firm, has purchased a three-building portfolio of office spaces in Boulder for a combined $28 million. The nearly 115,000-square-foot portfolio includes buildings at 3005 Center Green Drive, 2945 Wilderness Place and 5665 Flatiron Parkway. The Center Green Drive property sold for $13 million, the Flatiron Parkway building for $8 million and the Wilderness Place building for $7 million, Boulder County property records show.

Feb 27, 2019

WINDSOR — Colorado Early Colleges, a group of tuition-free, open enrollment public charter schools with locations in Fort Collins, Parker, Aurora and elsewhere in Colorado, recently bought an office building in Windsor for $5.55 million, according to Larimer County public records. The roughly 35,000-square-foot building at 4701 Royal Vista Drive will be home to CEC Windsor Middle School and CEC Windsor High School.

Feb 27, 2019

By BizWest Staff — February 21, 2019 LOVELAND — Both residential and commercial real estate forecasts will be among the information shared at the annual Northern Colorado Real Estate Summit. Dennis Schick, broker/owner of Re/Max Alliance, and Jay Hardy, president of Brinkman, will deliver the forecasts. The summit will be Tuesday, March 5, at the Embassy Suites Loveland located at 4705 Clydesdale Parkway in east Loveland. Early-bird tickets at $69.49 are still available through Saturday, Feb. 23. Prices rise to $74.49 on Feb. 24.

Feb 27, 2019

LOUISVILLE — Functional Remedies LLC, a Superior-headquartered hemp oil product maker, has expanded its lab and production facility from a roughly 5,000-square-foot space to a 25,000-square-foot space in Louisville’s Colorado Technology Center and has moved its administrative offices into a new 4,000-square-foot space in Superior. “To say we were bursting at the seams in our smaller facility is an understatement,” Functional Remedies chief science officer Tim Gordon said. After regulations on hemp were relaxed last year across the country, demand for Functional Remedies’ hemp and CBD products has skyrocketed, he said.

Jan 14, 2019

BOULDER — WeWork, a New York-based coworking firm with a major presence in Denver, will move into the Canyon 28 building in Boulder. The company will occupy the bottom three floors — more than 30,000 square feet — of the four-story office space at 2755 Canyon Blvd., developed in 2017 by Lou DellaCava of Boulder-based LJD Enterprises Inc.

Jan 10, 2019

BROOMFIELD — The Broomfield City Council has approved a $210 million redevelopment within the Flatiron Marketplace Lifestyle District. The Broomfield Enterprise reports that about 20 acres within the district will be redeveloped, with the city council on Jan. 8 approving $33 million in reimbursements to developers. The property is located at the southeast corner of U.S. Highway 36 and East Flatiron Crossing Drive.

Jan 9, 2019

ERIE — The $6.37-million purchase of a 255-acre private property by Erie was finalized in late December. Town leaders approved funding for acquisition of the vacant land near the intersection of Erie Parkway and Interstate 25 in October in hopes of spurring economic development in the area. That plan aims to “create a regionally-scaled retail and employment center at Erie’s eastern gateway servicing the Northern Colorado marketplace,” according to town documents.“The overarching goal is to better position the town to implement the I-25 master plan,” Erie economic-development manager Ben Pratt said at the time.

Jan 7, 2019

How often do you validate or revise your business’s growth strategy? If your first thought was “Not enough” Join us for the for the Growth Strategy Summit with Jessica Dewell, owner of Red Direction. Med Peds Properties LLC was the seller and Snow Mesa 4674-2 LLC, which Colorado Secretary of State records show is registered to an address in Timnath, is listed as the buyer.

Dec 31, 2018

COLORADO SPRINGS — Fort Worth, Texas-based investment group Crescent Real Estate recently bought 13 office buildings in Colorado Springs for more than $125 million, according to a Colorado Springs Gazette report. The buildings, which Crescent in calling the Patriot Portfolio, total more than 1 million square feet. The portfolio accounts for about 13 percent of the city’s class A office space market, according to a company news release. “Crescent had a unique opportunity to acquire the portfolio in an off -market transaction, and we feel strongly that this is the right time to establish such a significant presence in the Colorado Springs market,” Crescent co-CEO Conrad Suszynski said in a prepared statement.

Dec 31, 2018

DENVER — Real estate investment firm Hines recently purchased the U.S. Bank Tower in Denver’s Union Station neighborhood for $194 million, according to a Denver Business Journal report. The deal for the 26-story, 500,000-square-foot office tower at 950 17th St. was closed late last week. The seller was Ivanhoe Cambridge Inc., who bought the property in 2007 for nearly $140 million, the DBJ reports. Major tenants include U.S. Bank and Liberty Oilfield Services.

Dec 31, 2018

The buyers are listed as Devon, Kristi, John and Linda Measner of Milliken. The seller,1314 9th St. LLC, bought the property earlier this year for $2.7 million in a deal that dovetailed with that company’s $6.6-million purchase of University Tower Apartments at 609 Eighth Ave. University Tower was also sold earlier this year for less than the company paid for it.Unified Investments LLC, led by Ben Fetherston, bought the 10-story building in October for $4.97 million.

Dec 20, 2018

Boulder leads the nation for the most positive economic outlook, followed by two other Colorado cities in the top 10 — No. 3 Fort Collins and No. 9 Denver. According to the recent survey by Indeed.com,a positive economic outlook is driven largely by where you live more than by a national or political view of a national economy. Colorado is the only state with three cities in Indeed’s top 10. Smaller mountain-state metro area residents performed well when surveyed about the economy and their personal outlook. Tech hubs also fared well, such as the San Francisco Bay Area, Austin and Raleigh.

Dec 20, 2018

BizWest reported in November there was the possibility the 36-year-old department store could be redeveloped, but a company spokeswoman said no decisions had been made at that time. But, according to site review application documents, the company has been working on plans for redevelopment for nearly two years.

Dec 3, 2018

LOUISVILLE — Faced with a long-empty, prominently located big-box store, Louisville city leaders are studying ways to effectively redevelop a commercial corridor along McCaslin Boulevard. “Louisville doesn’t have very many sore thumbs, but the old Sam’s Club is one of those,” Louisville economic-development director Aaron DeJong said earlier this month at the Boulder Valley Real Estate Conference. ‘I think everyone would agree with me on that, and we need to figure out what to do there.”

Dec 3, 2018

Shake Shack plans new Boulder restaurant location BOULDER — Boulder is poised to become the home of the first Colorado Shake Shack location outside of metro Denver, according to city planning documents recently filed by the popular restaurant chain. Shake Shack — a fast casual concept with a menu focused on hamburgers, fries and, of course, shakes — launched in New York in 2003 and has rapidly expanded to more than 100 locations around the country. Colorado locations in Denver and Highlands Ranch opened earlier this year, and a third restaurant is expected to open in 2019 at Denver International Airport.

Dec 3, 2018

By Lucas High — November 28, 2018 FORT COLLINS — Stadium Apartments, a student housing community near Colorado State University, recently sold for $49 million, Larimer County public records show. The transaction was recorded Nov. 19. The seller for the West Lake Street complex, which was built last year, is listed as Student Housing CSU LLC, a company registered to a Madison, Wis., address. The buyer is Student Apartments CSU LLC, which is registered in Tallahassee, Fla.

Nov 27, 2018

Angela Topel, senior broker associate with Gibbons-White, Inc., and Todd Gullette, managing broker at Re/Max of Boulder, joined forces at the 11th annual Boulder Valley Real Estate Conference held Thursday in Boulder to provide an industry forecast. The takeaway from both was roughly the same: Don’t expect the local markets to lose steam.

Nov 27, 2018

LAFAYETTE — Lafayette city leaders granted approval earlier this month for a developer to move forward with plans to build a new 684-unit apartment complex. The community, called Sundar Apartments, is planned for a roughly 36-acre property on the northwest corner of Dillon Road and U.S. Highway 287. Denver-based Milestone Development Group LLC the project’s developer.

Nov 27, 2018

BOULDER — Big changes could be around the corner for the Macy’s department store on 29th Street in Boulder. During the Boulder Valley Real Estate Conference held Thursday in Boulder, several panelists mentioned plans to redevelop the store into office space. The project, called Boulder29, could include 150,000 square feet of contiguous class A office space, according to a digital brochure from real estate service firm Cushman & Wakefield Inc. (NYSE: CWK). The brochure describes the project site as “repurposed infill,” which suggests the office space could be built out of the existing Macy’s structure rather than demolishing the store and rebuilding.

Nov 12, 2018

BOULDER — Boulder city leaders recently approved an agreement that makes Boulder Housing Partners the master developer of an affordable-housing project called 30Pearl. That project will include 120 affordable one-, two- and three-bedroom apartments at the 4.6-acre site at the intersection of 30th and Pearl streets. It will be part of the larger Boulder Junction, a 160-acre mixed-use redevelopment area.

Nov 12, 2018

Developer Hines has purchased a RiNo site where it plans an office project. According to county records, the Houston-based company, along with partner Chicago-based McCaffery Interests and an unnamed institutional investor, paid $11.25 million on Thursday for 3500 Blake St., an industrial property that has been used by Vitraform, a glass sink manufacturer. Phil Ruschmeyer of Ruschmeyer Corp. represented the buyers. Drew McManus, Mike Viehman and Jim Capecelatro with Cushman & Wakefield represented the seller.

Nov 12, 2018

BOULDER – The eleventh annual Boulder Valley Real Estate Conference offers a packed day Thursday, November 15, exploring trends, commercial impacts, and inventory shortages in Boulder County commercial and residential real estate. Organized by BizWest with presenting sponsor RE/MAX of Boulder, the event delivers an intensive schedule of national keynote speakers and panels made up of local real estate experts and development officials.

Oct 30, 2018

Sharp rent increases and rising costs for a diminishing pool of labor have restaurateurs along Pearl Street scrambling to evolve and remain profitable.The news that The Cheesecake Factory will be leaving its Pearl Street location at the end of the year, after nearly 20 years in operation, is the latest sign of the coming change. While Sean Maher, Downtown Boulder Partnership CEO, said he believes The Cheesecake Factory’s decision to leave was more of a result of the Pearl Street location no longer fitting its businesses model of operating large restaurants in suburban locations, the rising costs of rent and labor, as well as an ever-increasing base of competition, certainly contributed.

Oct 22, 2018

BOULDER — A 21,275-square-foot industrial warehouse building located at 5335 Sterling Drive in Boulder recently sold for $4.25 million, according to a news release from commercial real estate firm Marcus & Millichap (NYSE: MMI). The buyer, a private investor in this transaction, was represented by Brian Smith, vice president of investments at Marcus & Millichap’s Denver office.

Oct 22, 2018

DENVER — A downtown Denver office building has sold for $28.9 million. The Denver Business Journal reports that Capitol Center at 225 E. 16th Ave., located near the state Capitol, was acquired by Capitol Center Property LLC, which shares the same address as Long Beach, Calif.-based Harbor Associates. The building encompasses 165,770 square feet and was sold by Capitol Center II LLC.

Oct 15, 2018

By Kelcey McClung – Reporter, Denver Business Journal Oct 10, 2018, 2:01pm Two Boulder apartments sold for approximately $95.6 million combined, according to Boulder County public records. They were both purchased by companies registered to the same address as Chicago-based Equity Office, which did not immediately respond to comment.

Oct 15, 2018

By Kelcey McClung – Reporter, Denver Business Journal Oct 12, 2018, 1:18pm Done Deals is a weekly digest of sales, leases and refinancings happening around the Denver metro area. A few big deals occurred this week, as Colorado’s largest industrial building sold for $40.75 million, Boulder apartment complexes sold for $95.6 million, and a Thornton apartment complex sold for $70 million.

Oct 9, 2018

LOVELAND and LAFAYETTE — A Loveland company that builds and maintains the nation’s dams and hydroelectric power plants will move its headquarters to Lafayette. Gracon LLC has outgrown its facility at 7221 E. U.S. Highway 34, just east of Loveland, and will relocate to 130 Miners Drive in Lafayette, according to a report in the Reporter-Herald.

Oct 9, 2018

BOULDER — The building that houses downtown Boulder’s Liquor Mart has been sold for $16.6 million. It is unclear what, if any, impact this sale will have on the operations of the 32,000-square-foot store. The building was owned by prominent Boulder development firm W.W. Reynolds Cos. That company sold the 1.7-acre property at 1750 15th St. to a group called Core Boulder 15th Street, LLC, according to public records. Core Boulder is an entity of Chicago-based Core Spaces, which specializes in developing collegiate student housing.

Oct 3, 2018

By Kelcey McClung – Reporter, Denver Business Journal a day ago Topgolf — a golf entertainment company — has broken ground on its second Denver-area location in Thornton. Expected to open in late 2019, the 65,000-square-foot building will have three levels featuring 102 climate-controlled hitting bays, a full-service restaurant and three bars, a rooftop terrace with fire pits and 3,000 square feet of private event space. Last July, a judge halted plans for the facility after residents said the land was not properly zoned for the project. The Dallas-based company was given a green light from the Thornton City Council back in August 2016 to build the facility east of Interstate 25, off 136th Avenue, next to Thorncreek Golf Course.

Oct 3, 2018

BOULDER — The Boulder Planning Board is set to review a proposal to turn a gas station site at Diagonal Highway and 30th Street into Boulder’s first Starbucks with a drive-thru. The city received an email request from a resident asking the board to review the Starbucks plan prior to the project’s call-up deadline, which expired Thursday evening. That review is tentatively set for Nov. 15, according to city spokesperson Gretchen King. Plans call for the construction a 2,000-square-foot Starbucks coffee shop with a single-lane drive-thru and indoor seating for more than 40 customers, Boulder planning documents show.

Oct 3, 2018

TULSA, Okla. — BOK Financial Corp. (Nasdaq: BOKF) has completed its acquisition of CoBiz Financial Inc. (Nasdaq: COBZ). CoBiz operates bank locations throughout the metro area, Boulder, Louisville and in Fort Collins. BOK is the parent company of Colorado State Bank and Trust, which has a presence in Boulder. BizWest previously reported that the deal would be worth about $1 billion and would be in stock and cash. CoBiz had assets of about $3.8 billion, and BOK was valued at $33 billion. BOK is based in Tulsa. While CoBiz shareholders approved of the transaction, they did not approve a compensation plan that would have benefited executives of the company if they were not retained after the merger. Results of the votes were recorded in a Form 8-K filed Sept. 27 with the U.S. Securities and Exchange Commission.

Sep 19, 2018

Keys Commercial made it onto the list of the top 25 companies ranked by total dollar amount of sales brokered in the Denver area in 2017! https://www.bizjournals.com/denver/subscriber-only/2018/08/10/2018-denver-area-commercial-real-estate.html

Sep 19, 2018

BOULDER — SEEC Enterprises Inc. in Boulder and Chicago-based Origin Investments, a national private-equity firm, have secured a construction loan to start work on an apartment complex in Denver. SEEC Enterprises, led by Ben Massimino, will develop and co-own the 150-unit Brick Stone Apartments On 56th Ave, a 150-unit apartment complex south of East 56th Avenue between Pena Boulevard and Tower Road in the Denver International Airport corridor. The project will consist of seven buildings. It is expected to break ground in August and be completed within 18 months.

Sep 19, 2018

BOULDER — Honey, the Los Angeles-based tech company behind a browser extension that helps online shoppers save money, has signed a lease for 2,500 square feet in Boulder. The company, which announced it was opening a Boulder office earlier this summer, is moving into 1881 Ninth St., next to the St. Julien Hotel & Spa. The location allows Honey to expand, COO Glen Allison told BizWest in a phone interview. The company, which has already hired seven employees, had been working out of a coworking space but now will have its own location to bring on more team members.

Sep 17, 2018

BROOMFIELD — Software firm AppExtremes Inc., doing business as Conga, has leased approximately 88,000 square feet for its global headquarters in Atria, a Class A office complex in Broomfield. Conga will consolidate multiple offices in the region to its new headquarters at 13699 Via Varra Road. “As one of the fastest-growing software companies in the greater Denver area, we can’t wait to consolidate our multiple Conga Colorado offices into our new global headquarters at Atria, said Bob DeSantis, president and chief operating officer at Conga. “Atria will provide an open, innovative space that will foster creativity and accommodate our growing team in Colorado.”

Sep 10, 2018

BOULDER — Honey, the Los Angeles-based tech company behind a browser extension that helps online shoppers save money, has signed a lease for 2,500 square feet in Boulder. The company, which announced it was opening a Boulder office earlier this summer, is moving into 1881 Ninth St., next to the St. Julien Hotel & Spa. The location allows Honey to expand, COO Glen Allison told BizWest in a phone interview. The company, which has already hired seven employees, had been working out of a coworking space but now will have its own location to bring on more team members.

Jul 17, 2018

LOVELAND — The median price of single-family homes increased from April to June in all but one market in Northern Colorado and Boulder Valley that are tracked by Loveland-based multiple-listing service Information Real Estate Services Inc. For the second month this year, the median home price in Boulder exceeded $1 million. The lone market to record a decline in median home prices from April to June was Loveland/Berthoud. The least expensive market in June was Greeley/Evans at $301,000, but it was the first time the median price exceeded $300,000.

Jul 17, 2018

BROOMFIELD — Equus Capital Partners Ltd., a manager of private-equity real estate funds based in the Philadelphia area, has acquired 370 Interlocken in Broomfield for $29 million. The 150,656-square-foot Class A office building along the U.S. Highway 36 corridor is the first investment made on behalf of the Equus Investment Partnership XI LP fund. The six-story building, completed in 1998, underwent common area improvements in 2013 and 2017. The upgrades included a redesigned two-story atrium lobby and renovated common area corridors and bathrooms.

JUL 17, 2018

DENVER — Boulder resident and former chief executive officer of Chipotle Mexican Grill, Monty Moran, has been elected to chairman of the board of Trelora, a flat-fee real estate brokerage in Denver. Moran will lead the board and provide guidance to help Trelora expand into new markets. “I have been a huge fan of Chipotle for years. Much of what we have built at Trelora around process and culture was formed from my respect and admiration of the extraordinary culture Monty built at Chipotle,” said Joshua Hunt, Trelora founder and CEO. “I knew the very first time I met Monty that he needed to be involved with Trelora.

Jun 20, 2018

LONGMONT — StoneGate Senior Living will conduct a grand-opening and ribbon-cutting ceremony for Accel at Longmont, a full-service senior skilled transitional care and rehabilitation facility. The ribbon-cutting will take place at 5 p.m., June 5, followed by an open house until 7 p.m. at the 76-bed facility at 1960 Fordham St. It is part of the the Front Range Health & Wellness Center in South Longmont. Lewisville, Texas-based SG Development LLC developed the facility that will employ approximately 125 to 150 people and serve as an inpatient transitional-care center and outpatient center. The new facility provides transitional post‐acute-care services, including physical, occupational and speech rehabilitation services. The skilled-nursing facility also will provide respite care.

JUN 13, 2018

Boulder-based Ball Aerospace will play a role in building NASA’s next-generation space telescope. The company has been awarded a contract worth about $113.2 million to build primary instrument components for NASA’s Wide Field Infrared Survey Telescope (WFIRST). “It’s going to be getting the biggest pictures of the universe we’ve ever had,” said Claire Saravia with the communication’s office at NASA’s Goddard Space Flight Center in Maryland.

JUN 13, 2018

LONGMONT — A half-million-square-foot commercial building in Longmont has been acquired by an investment group for $68.5 million. The 552,865-square-foot building at 1601 Dry Creek Drive in the Boulder County Business Center was acquired by Boulder Acquisitions LLC, which used an address in New Jersey to make the purchase, according to public records. During May and June we celebrate the fastest growing private companies in Northern Colorado and the Boulder Valley with BizWest Media’s Mercury 100 Awards. Companies that may be looking for a spot on this coveted list may benefit from asking themselves a few questions while striving for or managing substantial growth within their business.

JUN 13, 2018

If you go What: Public hearing on whether to extend or make permanent ban on 55-foot buildings When: Tuesday, June 5. Meeting starts at 6 p.m.; height limit discussion will follow two other public hearings expected to last fours Where: 1777 Broadway The fate of a rule that restricts city building heights could be decided Tuesday night as the Boulder City Council looks to either extend or make permanent a moratorium that is in its third year.