NAIOP Colorado

Annual Economic & Business Forecast

Submitted by: Lea Ann Fowler, Brownstein Hyatt Farber Schreck

The Annual Economic Forecast, held on January 11, 2011 at the Ritz Carlton, featured a panel of local experts, including Bruce Alexander, Patty Silverstein, Thomas Wootten and moderating the panel, Leonard Sahling, First Vice President of Pro Logis.

Patty Silverstein, Chief Consulting Economist for Metro Denver Economic Development, opened the program with a presentation on Moving the Economy Forward: Lessons from Driving School, which was an interesting parallel of our local and national economic trends with that of car racing.  Primary highlights discussed in moving the economy forward were (i) "Road Hazards" including minimal job opportunities, duration of unemployment and federal, state and local government budget issues and (ii) "Green Lights" including corporate profits rising (after tax profits up 17% YOY in Q3), consumers spending again, outstanding consumer credit decreasing (down 3.5% YOY in Q3), residential real estate stabilizing, commercial real estate potentially having hit bottom and local infrastructure development activity (DIA, FasTracks).  She stated that while the recovery does feel slow and that job growth will remain slow, with only a 1% expected job growth rate in Colorado for 2011, consumer confidence is actually getting better, evidenced by a decline in spending of only 4.3% in 2010, compared to an unprecedented 11% decline in 2009.  Expected growth industries include the professional services and health care sectors.  Click Here to view Patty's slides.

Industry Clusters Position Region for Economic Recovery

Sixth annual report details the Metro Denver and Northern Colorado region's competitiveness compared to the 50 largest U.S. metro areas

A major step in crafting a region's economic development strategy focuses on the types of industries to target for company growth and retention. Today, the Metro Denver Economic Development Corporation (Metro Denver EDC) released its sixth annual Industry Cluster Study, a competitive analysis of industries leading the nine-county Metro Denver and Northern Colorado region's recovery and future job expansion.

The study, completed by the Metro Denver EDC's Chief Economist Patty Silverstein of Development Research Partners, analyzes seven major industries in the nine-county region: aerospace, aviation, bioscience, broadcasting and telecommunications, energy, financial services, and information technology-software. The analysis factors new employment data from third quarter 2009 to third quarter 2010.

Click here to read the full story as well as find out more about the complete study.

MDEDC Reports Commercial RE Market Making a Comeback in Metro Denver

Earlier this month, the Metro Denver Economic Development Corporation (MDEDC) sent out an email sharing some good news for Commercial Real Estate in Denver.  According to data compiled in its recent Monthly Economic Summary for January 2011, the MDEDC reported that the commercial real estate market appears to be recovering from the economic downturn. 

Click here to read the full article to learn more about the trends in vacancy rates and to access full Economic Summary for January 2011.

Commerical Real Estate continues to recover as Vacancy rates decline in Metro Denver

According to the recent Monthly Economic Summary from the MDEDC, vacancy rates in Metro Denver's industrial and retail markets declined in the 3^rd  quarter.  Results of a survey released by PricewaterhouseCoopers suggests commercial property investors are returning to the market in many areas, including Metro Denver.  Investors are generally focused on high performing, Class A assets, and some respondents said debt financing is again available.  Respondents also said Metro Denver remains a buyers' market for office property but is on-track for recovery.

Click here to read the full report.

Metro Denver EDC releases 6th Edition of Toward a More Competitive Colorado

This annual benchmark study examines competitve factors related to economic growth.  In this sixth edition, the MDEDC reports its annual benchmarking of Colorado's strengths, challenges, and opportunities for future job growth. 

“Our findings in this latest edition show that Colorado continues its trend toward becoming a weaker competitor for new jobs and investments,” explained Patty Silverstein, chief economist for the MDEDC and author of the report.  “In many respects, the state continues to live off of the investments it made in the past.”

To read the full story and find out how you can get a copy of Toward a More Competitive Colorado, click here.

NAIOP Supports Lee National Denim Day - Friday, October 8, 2010

Submitted by:  Karen Van Heukelem, Colorado Hardscpaes, Inc.

Did you know that one in every eight women in the U.S. will be diagnosed with breast cancer in her lifetime? That's one every three minutes. There's something you can do to fight back against this disease, and we are asking for your help.

Lee National Denim Day is one of the largest single-day fundraisers for breast cancer. On Oct. 8, millions of people nationwide will slip into their favorite jeans and make a $5 donation to support the Women's Cancer Programs of EIF, who are bringing together world-class scientists to develop an early detection blood test and working in Lee Labs nationwide to find less toxic, more effective treatments for breast cancer patients.

NAIOP Colorado supports this event and the fight against breast cancer.  Join the NAIOP Colorado Team today by visiting http://www.denimday.com or Click Here to donate directly to the NAIOP Colorao Team.  You can also Click Here to access a printable flyer a printable flyer to share with your colleagues, family and friends.

Tags: Cancer, Breast+Cancer, Lee+Denim+Day

NAIOP Features Metro Denver's Southeast Market Update

Submitted by:  Bob Blodgett, Principal, R.S. Wells LLC/Clifton Gunderson LLP

NAIOP Colorado’s August 10th breakfast meeting program featured key players in Denver’s southeast market sharing information about current and future projects along the I-25 corridor, projections for office and retail demand, major lease and sales transactions and future trends.  The panel consisted of four speakers with diverse backgrounds in the corridor:  A commercial real estate broker, the new President of the Southeast Business Partnership, the IKEA U.S. Real Estate Manager and the Development Director at the RidgeGate mixed use project. 

Metro Denver EDC Releases 2010 Economic Forecast

On January 13th, the Metro Denver Economic Development Corporation (Metro Denver EDC) presented the 2010 Economic Forecast for Metro Denver at Vectra Bank's 17th Annual Economic Forecast Breakfast. Chief Economist Patty Silverstein discussed key economic activity in 2009 and gave her outlook on the economy for the coming year. The event was sponsored by the Metro Denver EDC and the Denver Metro Chamber of Commerce. 

According to Silverstein, one of the longest and deepest economic contractions in the nation's history appears to have ended. The potential strength and length of the recovery, however, remains in question.  Click here to read the full report.

Call for Submissions: 2009 NAIOP Colorado Awards of Achievement

NAIOP Colorado will honor the members among us in the Commercial Estate Industry who have been selected as the "Best of the Best" at the 2009 Annual Awards of Achievement Luncheon scheduled for February 18, 2010 at the Denver Center for the Performing Arts’ Seawell Ballroom.  Be sure to nominate your project or broker by Wednesday, January 6, 2010!

 

Brokerage Categories include:

• Office Broker of the Year
• Industrial Broker of the Year
• Investment Broker of the Year
• Land Broker of the Year
• Retail Broker of the Year
• Broker Outstanding Achievement Award

 Development Categories include:

• Office Development of the Year
• Industrial Development of the Year
• Mixed Use Development of the Year
• Development of the Year
• Owner/Developer of the Year
• Special Development of the Year

All nomination forms and supporting information must be submitted to the NAIOP Colorado Chapter office on or before Wednesday, January 6, 2010.  Click Here for the award criteria and nomination forms.

 

Any materials received on or after January 7, 2010 will not be accepted.  Specific information about what must be submitted is listed in detail on the Broker and Developer Submission Check Lists.  In order to submit a nomination, you must be a member of the NAIOP Colorado Chapter.  Questions regarding the awards program may be addressed to Kathie Barstnar or Jayma File at the NAIOP chapter office at 303.782.0155. 

 

We look forward to receiving your nominations prior to January 6th, and to sharing the winners with you at our Awards Luncheon on February 18, 2010.  For ticket information, please contact the NAIOP office at 303.782.0155.

Announcing 2009 Virtual Property Tour of Downtown Denver & CBD Update

Join the NAIOP Colorado Chapter and major sponsor Security Title Guaranty Company on Tuesday, September 22, 2009 from 5:00 to 7:30 pm at the Newman Center for the Performing Arts (located at the University of Denver) for the 2009 Virtual Property Tour of Downtown Denver and Central Business Districut Update. 

This unique media experience will feature new and ongoing projects in downtown Denver.  Including a variety of commercial, mixed use, residential and hotels such as:
 
- 17th & Larimer Centennial Realty Advisors
- 1899 Wynkoop Centennial Realty Advisors
- Parkway Office Centre DPC Development
- 1800 Glenarm Fuller Real Estate
- Trinity Place The Broe Group
- SugarCube JE Dunn
- Granite Tower Granite Properties
- Denver Place LBA Realty
- Hilton Garden Inn Downtown Stonebridge Companies
- Hilton Garden Inn Cherry Creek Stonebridge Companies
- Tower Private Residences Four Seasons
- Glass House JE Dunn
- Republic Plaza Brookefield Properties
- Dominion Tower CB Richard Ellis
- US Bank Tower CB Richard Ellis
- Mile High Center The Broe Group
- The Spire JE Dunn

See what's going on with the Denver Zoning Commission.  Plus, hear a market update on the various real estate segments in downtown featuring Tom Clark of Metro Denver Economic Development Corporation and Tami Door of Downtown Denver Partnership.  Mr. Clark and Ms. Door will also share commentary on key issues and enticements for owners, investors and developers considering a downtown project.
 
No live presentations!  All pre-recorded in just under 60 minutes!  Register by September 8 and pay reduced registration rates!
 
Click Here for more information or to register now! Or, Click Here for a printable registration form.

Additional marketing opportunities are still available!  Include your company’s full or half page ad in our onsite event program.  For more details, contact Jayma File of NAIOP at (303) 782–0155 or jfile@wmrdenver.com.