Industrial Office Lease in Denver
Calibrate Real Estate is excited to announce that Jake Lowell successfully facilitated the Lease of an Industrial space located at 7808 Cherry Creek South Drive in Denver, Colorado for Mach Framing, a […]
Category Archives: Brokerage Team News
2019 Calibrate Momentum Award: Jim Casey
Momentum is created. Momentum is like a snowball running down a hill. At Calibrate Real Estate, our Momentum award is like a “Rookie of the Year” or “Rising Star” award. Anyone in the company can win this award, not only Calibrate Brokers.
2019Q2: Lower Interest Rates Help Prop Up The Market
Denver’s apartment market has been on the rise for nearly a decade. That run has some investors worried that we are now “late in the cycle”, anticipating that an inevitable downturn is on the horizon. However, there are several reasons to believe that the market will continue to push ahead.
2019Q2: Rent & Vacancy Results Reflect Healthy Market
Encouraging news was published in late July within the Apartment Association of Metro Denver’s 2nd Quarter Vacancy & Rent Report.
We Are Hiring! Career Posting (Transaction Manager)
Calibrate Real Estate needs to add an amazing person to our team. We are looking for the ideal team player… you must be humble, hungry, and smart. We’re not looking for someone who just wants to get their foot in the door!
2019Q1: Higher Property Tax Assessments Coming in May
Brace yourselves – – new property tax assessments will be mailed the first week of May. Every two years the Denver County Assessor’s Office sends out their new valuation notices to property owners. Once again, we expect assessments will be higher than two years ago for most apartment owners in Central Denver.
Denver Business Journal Honors Greg Johnson, Kyle Malnati, & Conner Piretti as Heavy Hitters
The Denver Metropolitan Commercial Association of REALTORS® (DMCAR), in conjunction with the Denver Business Journal, honored its top commercial real estate producers of 2018. Greg Johnson and Kyle Malnati were awarded DMCAR’s #7 & #8 broker in the “Small Office” category. Conner Piretti was #9 in the “Young Broker” category.
2018Q4: Sale Prices Plateau for First Time Since 2011
After six years of steady growth, in 2018 the Central Denver apartment market flattened out. Nearly 1,000 units were sold in 34 transactions, and the average price per unit was $182,938, a slight decrease from 2017’s average of $185,316.
2018Q3: Jobs Fuel Absorption; Vacancy Decreases
As market influences, our clients often ask us, “where is the market heading?” That question stems from a concern that the next recession will occur soon. The Denver apartment market’s expansion phase has lasted for 7 years resulting in amazing appreciation for multifamily owners.
2018Q3: Higher Interest Rates Impact Apartment Market
In April 2016, our clients purchased a Capitol Hill building by putting 25% down, and financing 75% of the purchase price with a loan at 3.55% annual interest, fixed for 5 years. Oh those were the days!