Page 16AA —
COLORADO REAL ESTATE JOURNAL
— November 4-November 17, 2015
with their own lease expira-
tion dates.
Klein believes the asset
will do well under Westside
Investment Partners’ repo-
sitioning strategy, and local
ownership and management.
One thing unlikely to
change is the Hyatt Place sig-
nage on the tower, which is
100 percent office space but is
next door to the hotel.
“A lot of people think it’s
a hotel because it was origi-
nally intended as the Loews
Giorgio and now says Hyatt
Place,” said Klein.
The original developer
planned to put the hotel in
the tower and develop a
smaller, office building next
door. The buildings were
switched, however, because
the hospitality market was
struggling when the project
got underway in the early
1980s. The 19-story office
tower was completed in 1984
and has carried signage for
the 15-story hotel since that
building was completed two
years later.
s
n
BOMA – Denver Metro
Building Owners and Man-
agers Association
will hold
its 2015 Denver Metro BOMA
TOBY Awards Nov. 6 at the
Seawell Grand Ballroom at the
Denver Center for the Perform-
ing Arts in downtown Denver.
The Outstanding Building of the
Year Awards recognizes quality
in buildings and rewards excel-
lence in building management.
For more information, visit
n
CREW Denver – Commer-
cial Real Estate Women
will
present “Common Ground:
Striking the Balance Between
Denver’s Historic Preservation
and New Development.”
TheNov. 17 luncheonwill offer
a behind-the-scenes glimpse at
the logistics and decisions that
go into accommodating Den-
ver’s rapidly growing popula-
tion. Brad Buchanan, executive
director of Community Plan-
ning and Development with
the city of Denver, Amy Cara,
development partner at East
West Partners, and Charles H.
Woolley II, CEO of St. Charles
Town Co., will speak.
The event will be held from
11:30 a.m. to 1 p.m. at The Curtis
Hotel, 1405 Curtis St., Denver.
For more information, visit
n
NAIOP Colorado,
Key-
Bank and community leaders
will gather Nov. 12 for NAIOP’s
Quarterly Breakfast Event: Leg-
islative Update & Program.
The event at the Denver Marri-
ott City Center at 1701 California
St. will include discussion topics
such as Denver’s Inclusionary
Housing Ordinance, affordable
housing, construction defects,
property tax rates and manda-
tory energy audits.
NAIOP and Snell & Wilmer
also will host the final lesson
of their 2015 Educational Series
focused on public-private part-
nerships at the Avison Young
Denver offices. The Nov. 18
event, “Executing the Operation
and Living in a Post-P3 World,”
will feature Chris Waggett of
D4 Urban LLC, Leanne Toler
of Stifel Financial Corp., Marla
L. Lien, Regional Transportation
District, and Michael Cheroutes,
Colorado Center for Infrastruc-
ture Investment.
The event, to be held at 1900
16th St., Suite 1300, will run from
7 to 9 a.m.
For more information, visit
n
RMSCA – Rocky Mountain
Shopping Center Association
will host its third annual Star
Awards.
The Nov. 5 event will be held
at the Curtis Ballroom at the
Landmark at 5345 Landmark
Place in Greenwood Village.
Awards in categories including
interior design-restaurant/food
service and best marketing cam-
paign will be presented.
For more information, visit
n
USGBC – U.S. Green Build-
ing Council Colorado
will host
its Green Schools Summit Nov.
6.
USGBCColoradowill convene
a broad group of stakeholders
to highlight the importance of
improving school environments
and to share evidence that
where we learn matters. School
administrators, educators, ener-
gy managers, facilities directors,
planners, architects, consultants,
contractors, engineers and advo-
cates facilitate the Green Schools
Summit educational programs
and help attendees overcome
hurdles to greening schools.
The summit will be held at the
Arvada Center, 6901 Wadsworth
Blvd. in Arvada.
For more information, visit
Westside
Mountain Towers is now Infinity Tower and will undergo significant
improvements.
percent so far in 2015 and the
number of people unemployed
has declined to about 67,500
throughout the seven metro
Denver counties.
With employment in metro
Denver growing, it is not sur-
prising that commercial real
estate vacancy rates are falling
and construction activity is pick-
ing up. For example, the direct
office vacancy rate fell to 9.6
percent in the third quarter, the
lowest rate since the third quar-
ter of 2001. The industrial mar-
ket vacancy rate of 2.8 percent in
the third quarter was the lowest
rate and the average lease rate
of $6.81 per square foot was the
highest rate since the availability
of the data.
Strong job opportunities have
attracted new residents to metro
Denver. The total population
increased by 51,200 in 2015,
reaching 3.05 million.
Consistent residential real
estate sales activity and limited
new supply means that hous-
ing prices are increasing rapidly,
with the median home price
reaching about $350,000 in 2015,
a 12.4 percent increase over 2014.
The report also covers key eco-
nomic indicators for the state.
While data for the first eight
months of the year indicates that
Colorado is expanding at a 2.6
percent pace in 2015, employ-
ment values are likely to be
revised upward.
The full report can be accessed
Metro Denver
American Council of Engineering
Companies/Colorado
American Institute of Architects Colorado
American Society of Interior Designers
American Society of Landscape Architects,
Colorado Chapter
American Subcontractors Association
Apartment Association of Metro Denver
Appraisal Institute
Associated Builders & Contractors
Associated General Contractors
Building Operators Association of Colorado
Building Owners & Managers Association, Denver
Building Owners & Managers Association, Pikes Peak
CCIM – Certified Commercial Investment Members,
Colorado/Wyoming Chapter
Colorado Bar Association
Colorado Brownfields Partnership
Colorado Hotel & Lodging Association
Colorado Society of CPAs
Commercial Brokers of Boulder
Commercial Real Estate Women - CREW
Community Associations Institute
CoreNet Colorado
Counselors of Real Estate
Denver Metro Commercial Association
of Realtors - DMCAR
Institute of Real Estate Management, Denver Chapter
Institute of Real Estate Management, Southern
Colorado Chapter
International Council of Shopping Centers, Rocky
Mountain Chapter
International Facilities Management Association,
Denver Chapter
International Facilities Management Association,
Pikes Peak Chapter
Investment Community of the Rockies
LeadingAge Colorado
Mile High Exchangors
NAIOP Colorado – The Commercial Real Estate
Development Association
Professional Land Surveyors of Colorado
Rocky Mountain Masonry Institute
Rocky Mountain Shopping Center Association
Society for Marketing Professional Services
Society of Industrial & Office Realtors
Southern Colorado Commercial Brokers
Urban Land Institute
U.S. Green Building Council, Colorado Chapter
WiD – Women in Design
Associations
Directory
Associations
