CREJ – Property Management Quarterly – Stormy waters for Denver office
Strategies to keep your building afloat It’s no secret that Denver’s office market is in stormy waters. The vacancy rate hit an all-time high at 33.8% in second-quarter 2024. This has disproportionately affected Denver’s stock of 1980s builds compared to buildings constructed after 2015, which have a much lower vacancy rate – as low as 5% in the Cherry Creek submarket, according to a recent news article. Contributing factors. Remote/hybrid work, our new office norm, has left companies to reconsider how they use their office space. Many are...
read moreMile High CRE – Elevate Secures Nine Property Mangement Assignments
Elevate Real Estate Services (Elevate), a Denver-based independent firm offering comprehensive management solutions, has secured nine new property management assignments totaling over 330,000 square feet of space. The properties include seven office buildings, one retail center, and two industrial buildings. 7500 E. Arapahoe Rd. is a 38,867-square-foot office building with 31 units in Centennial. 7600 E. Arapahoe Rd. is a 38,525-square-foot office building with 38 units in Centennial. 6363 W. 120th Ave. is a 29,601-square-foot office building...
read moreCREJ – Property Management Quarterly – Maintenance – Challenging lessons from deferred maintenance
Pennywise, pound-foolish. A stitch-in-time saves nine. You can pay me now or you can pay me later. Pick your poison. Idioms such as these may seem quaint, but they have a whole lot of meaning when it comes to the deferred maintenance of a commercial real estate property. As a building engineer and maintenance professional with decades of experience, I’ve practically seen it all when it comes to property owners who choose the quickest, easiest and cheapest solution to resolve a mechanical, electrical, plumbing or sometimes bigger problem,...
read moreCREJ – Rising to the Challenges of Today and Tomorrow
It’s hard to believe, but 2021 will be in our rearview mirror before we know it, and we will be faced with new and unique challenges once again in 2022. Fortunately, the Denver Metro Building Owners and Managers Association has continued to Rise to the Challenge by finding ways to share information about our industry and heighten people’s awareness about the measures being taken to protect and serve tenants and building owners. We did this by doing what we do best: Bringing our members together to discuss meaningful and thoughtful ideas and...
read moreMile High CRE – Movers and Shakers: Jack Heagen joins Elevate Real Estate Services
Jack Heagen joins Elevate Real Estate Services Elevate Real Estate Services, an independent firm offering comprehensive management solutions with a personal touch and extensive experience in property and asset management, recently announced the addition of Jack Heagen to the firms’ property management team. Heagen will provide experience and support in overseeing multi-unit investors, single unit owners, mixed-use spaces, commercial condo associations, investment properties, and industrial/flex property management. In addition, he...
read moreMile High CRE – Elevate Real Estate Services Announces Two New Property Management Assignments
Elevate Real Estate Services, an independent firm offering comprehensive management solutions with a personal touch and extensive experience in property and asset management, has received two new property management assignments: the Pecos Square Retail Center and a single-tenant office building located in Centennial. Pecos Square is a 10,729-square-foot retail center, located at 38th and Pecos in Denver. Current tenants include Wells Fargo, Burger King, Subway and Cricket Wireless. The office space in Centennial is a 30,000-square-foot office...
read moreCREJ – Management must be ready and willing to adjust
The past year certainly has taught us the lesson that there is no normal when it comes to tenant and property owner needs during a time of uncertainty. Every day presented new challenges based on safety protocols, mask mandates, employees working from home, shifting hours of business for different tenants and everchanging work environments. Needless to say, all of these challenges and demands required that a property management team ultimately be flexible and ready to respond, regardless of the hour of day, or night. As part of a property...
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BusinessDen – The Herd: New hires, departures and promotions 1.26.21
Dan Meitus has been named president of the Denver Metro Building Owners and Managers Association for 2021. He is with Elevate Real Estate Services. [View source: here]
read moreMovers and Shakers Week Ending 01.22.21
Rowland+Broughton Welcomes Four New Team Members to Aspen and Denver Studios Rowland+Broughton Architecture / Urban Design / Interior Design announced the addition of four new team members to their Aspen and Denver studios. Nikola Gradinski joins as project manager/project architect in Aspen, Andrea Orrego joins as project architect/project manager in Aspen, Jacob George joins as visual artist in Denver, and Julie Gillespie joins as executive assistant in Aspen. Nikola Gradinski joins as project manager/project architect in Aspen, bringing...
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