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Originally Posted by rds70
Some new information about the redevelopment of the Riverpoint office building. From the Denver Business Journal:
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Eaton said Crescent is planning to build 100% on spec, a move that he called "a little bit contrarian" given the current pandemic.
"Our experience is Denver office is a spec building environment and most tenants won't really engage until they can see it's a real project," Eaton said.
Eaton said he believes the migration of companies out of coastal markets will continue, with Denver at or near the top of the list of potential destinations.
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This piggyback's nicely on my recent post with respect to:
Mixed Use and rail train transit.
Too much to list but a few recent highlights.
Report: Denver-Boulder among top U.S. life science clusters for the first time
Oct 21, 2020 By Jensen Werley – Reporter, Denver Business Journal
This was a Big Deal (to me). I can recall a decade ago when Life Sciences were all the rage and every city worked to get their share. A few years ago I wondered if Denver's share wasn't dwindling down to just a few so it's nice to see yet one more 'cluster' that is ascendant. Denver/Boulder is 13th among the top 13 - but I'll take it.
Confirmed: Company with average wages above $425K picks Denver for new HQ
Nov 4, 2020 By James Rodriguez – Reporter, Denver Business Journal
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Healthpeak Properties Inc. (NYSE: PEAK), a real estate investment trust focused on health-care properties, has relocated its headquarters to Denver from Irvine, California, the company said in a release accompanying its third-quarter earnings statement.
Healthpeak previously said it would create 166 jobs in the Denver metro area if officials chose this region over Nashville or Dallas, which were also in contention to land the new headquarters.
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Denver has also become a 'destination' for REIT's (real estate investment trusts). This reflects why DIA is so critical to Denver. Denver is becoming a more attractive HQ destination for mid-sized companies that do business all over country and like the access provided by DIA.
Is Denver now the hotspot for streetwear?
VF Corp. acquires New York streetwear company in $2.1B deal
Nov 6, 2020 By Ed Sealover – Senior Reporter, Denver Business Journal
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VF Corp. (NYSE: VFC) announced Monday that it’s acquired Supreme, a classic skateboarding and streetwear brand that has grown into the areas of apparel, accessories and footwear and has partnered with VF brands on several projects in recent years.
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I had posted earlier this year that VF Corp had raised a bundle for potential acquisitions.
Fun and Games
In cased you missed it you can still call "The Can" the can but it is no longer the Pepsi Center.
Now it's Ball Arena. Fortune 500 company Ball Corp (HQ in Broomfield) has been 'hot' as the pandemic has caused a shortage of cans with people staying home. Ball also has a highly successful Aerospace division.