5 Facts About 1911 11th Street
As many of you know (because we are just so excited about it!), the historic building at the corner of 11th Street and Walnut Street in downtown Boulder is nearing the completion of a hefty remodel. There is so much to share about this building, from its history as the former home of The Walrus Saloon (1973-2017) to its original wood headers (the stuff we real estaties geek on). After almost two years of ambitious renovations, the building approaches its debut. To mark the forthcoming occasion, we have put together a list of fun tidbits about the redeveloped property. Don’t
4 Factors Driving Investments in Commercial Real Estate
Since 2011, commercial real estate in Boulder County has seen a surge of investment. Not only from those traditionally involved in commercial real estate, but from many new players as well. Below are four factors that we see driving this change. 1. Market Volatility 2018 saw broad swings of market volatility causing scores of investors to punt on stocks and bonds and look to alternative investment classes such as private equity and commercial real estate. Real estate investments are known for stability and a reliable cash flow both of which are concerns raised by volatile markets. Commercial real estate investment is (most
Trends in Coworking Spaces in Boulder: A 2019 Update
Not a day goes by without news of yet another coworking brand being launched. Last week, Staples announced plans for launching their own coworking brand (apart from former partner WorkBar). Los Angeles-based commercial real estate giant CBRE just announced plans to launch its own coworking brand, with its first location in Dallas. Coworking Has Gone Corporate In their mid-nineties infancy, coworking spaces were created by entrepreneurs, hackers, and artists. Not property managers and certainly not real estate developers. But over the last fifteen years, an entirely new model of real estate has taken shape. Now we are seeing established developers, investors, brokers and property
On the Horizon in 2019: Opportunity Zones
Happy New Year, everyone. And welcome back to the grind in beautiful Boulder, Colorado. To kick things off, we are taking a look at a topic that may come up for you this year. You’ve probably heard the words buzzing around… Opportunity Zones. The 2017 tax reform package (Tax Cuts and Jobs Act) enacted the program, which provides tax incentives for investments in opportunity zones, so designated due to their persistently depressed growth. Investors who buy, develop and hold properties for at least 10 years pay no capital gains taxes upon the property’s sale, among other incentives. Across the country, there are
5 Highlights from Boulder Commercial Real Estate in 2018
This year was a significant one for commercial real estate in Boulder County. The meaning is obvious: it was a good year for business. The Boulder market rarely struggles to thrive, even in recession years, but the remarkable change we are seeing recently is the increasing number of big entities taking an interest in Boulder. Google. 2018 was the highly anticipated year in which Google opened the doors to a newly constructed Boulder campus (northwest corner of 30th Street and Pearl). While phase one officially created over 800 jobs, more will be added in phase two at the end of 2019.
One Entrepreneur’s “Secret” to Success
In real estate, a good CPA is worth her or his weight in gold, so we don't toss around recommendations lightly. One CPA we stand behind is Ernest Villany and his team at Boulder Valley CPAs. Recently, we asked Ernie, what is the secret to your success? And here is the moving answer he provided: The secret to my success is really no secret at all. It's my team and how we have worked to nurture and support one another. In the eight years since I arrived in Colorado I have had the good fortune (and maybe wisdom) to attract, hire and retain some amazing
The Search for Warehouse Space Around Boulder: 8 Things to Consider
Industrial, light industrial, office flex, warehouse: these are all terms used for some of the most in-demand real estate we've seen in recent years. If you are looking for industrial space, it is hard to find much space at all, let alone the perfect fit. See below our list of eight things to consider as you begin your search. 1. Loading: Dock vs Drive-In A dock is an elevated platform that a truck may back up against for loading and unloading. It is most useful for warehouses designated for shipping and receiving. If you don't have a dock, loading and unloading will
Market Real Estate Fills Penthouse Suite of Historic Building in Downtown Boulder
Penthouse suite is part of a 23,000 square-foot renovation at 1911 11th street BOULDER, CO, October 23, 2018 — Market Real Estate today announces the signing of a seven-year lease for the penthouse suite of 1911 11th Street. The penthouse suite, which is 3,539 square feet with a private deck, will be the office of a soon-to-be disclosed software focused private equity firm represented by Beau Gamble and Kevin Nelson of Dean Callan & Company. “We are so excited to see this building come together and could not have imagined a better fit for the penthouse. We look forward to soon revealing
Why Boulder is (Part of) the New Silicon Valley
All the buzz in the world of tech startups and venture capital these days is focused on who the "New Silicon Valley" might become. Indeed, leading VCs and founders have been vocal about the idea that Silicon Valley is approaching its peak as the world's tech hub. This month, The Economistpublished an article suggesting that technology innovation is becoming more globally dispersed, clustering into various markets according to industry (e.g. Shenzhen for hardware, Phoenix for transportation). If that is the case, Boulder has certainly begun to establish itself as a spoke on this global, multi-market tech hub. While it may not have