Denver Business Journal: 130-year-old downtown Denver building is making moves to modernize
By Catie Cheshire – Reporter, Denver Business Journal The Equitable building in downtown Denver has been around since 1892 and the property managers of the historic building are on the quest to prove age is just a number. Elevate Real Estate Services has managed the Equitable for the last eight years and plans to invest $5.5 million in the building to modernize the infrastructure while maintaining the historic character to bring The Equitable along on downtown Denver’s revitalization journey. “The market downtown is hardly at its...
read moreDenver Post: 133-year-old Equitable Building gets update to meet energy-efficiency goals
Landmark structure balances up-to-date energy standards with preserving historic architecture. The city of Denver has set goals for buildings to become more energy-efficient and less polluting. Built in the late 19th century, the landmark Equitable Building is undergoing a behind-the-scenes transformation to meet those goals in the 21st century.
read moreMile High CRE: Denver’s Equitable Office Building is Energizing a New Future
Constructed in 1892 as the most modern office building west of the Mississippi, downtown Denver’s Equitable office building, located at 730 17th Street, is once again providing the framework for office buildings to modernize via engineering ingenuity and lower operating costs. Like many other downtown office buildings, the Equitable—which is owned by individual office users and managed by Elevate Real Estate Services, Inc.—was confronted with escalating energy costs, along with city pressure to convert to electricity as an energy source, and...
read moreCREJ – Property Management Quarterly – Management Fundamentals
Durable skills: The hardest asset in commercial PM In the dynamic world of commercial property management, success isn’t just about maintaining buildings – it’s about managing relationships. Property managers are the linchpin holding together complex real estate ecosystems. Our multifacing role requires a unique skill set beyond technical expertise. And as technical skills continue to rapidly evolve, a core set of durable soft skills remains essential for long-term success. A growing body of research emphasizes the increasing demand for...
read moreCREJ – 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...
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