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Florida Developer Eyeing MOB Developments in Denver
Auction (March24) DEN
February 28, 2013

Florida Developer
Eyes MOB Developments
in Denver

A Florida medical real estate developer is in talks with two separate healthcare systems to enter the Denver market. (Anyone who is scared of needles or sunshine, be warned.)

Rendina Cos wants to build off-campus medical facilities just outside the metro Denver area, Rendina's EVP Todd Varney told us during after our 3rd Annual Healthcare Real Estate Summit in Atlanta last week. Todd declined to offer details but says Rendina would develop a series of MOBs. For Rendina, gaining access to the Denver market is a big driver: "It's one of the better markets in the country." (Which is either good news about our economy or bad news about our overall health.)

Restaurants Eating Away At Retail Space

stuart zall
Denver's restaurant world is a grease trap. And that's a good thing. Zall Co's Stuart Zall says if a landlord has a building with a grease trap and a hood, no matter if its older space, "it goes faster than the market." Metro Denver has been experiencing a restaurant explosion in recent years—especially among the "indie restaurant scene," he says. "Times are changing. People want to eat fewer meals at home." (The number of cooking shows on in the home is inversely proportional to the number of home cooks.)

novo coffee
It's not a bad topic to chat about, given that this week is Visit Denver's Denver Restaurant Week. Stuart's firm has inked a number of new eatery deals in recent months, including I-Fish sushi restaurant; two locations for Novo Coffee; and the ninth location for Marco's Pizza at 2207 E Colfax Ave.

Given Denver's healthy job market and growing population, Stuart says he doesn't see the demand for restaurant space slowing, even with national chains. A number of restaurant operators are seeking locations in Denver, including Cantina Del Sol and Mi Cocina, such as this one in Dallas.

PDC Energy's Offices Have Two Years Left

Denver Financial
Attention tenant rep brokers! Don't say we never give you any leads. PDC Energy's nearly 42k SF office at the 1775 Sherman St tower at the Denver Financial Center is expiring in December 2015. That's according to SEC docs filed by the company. The company gives no indication as to whether it plans to renew.

Cassidy Turley's Don Kortz Honored For Extensive Volunteerism

don kortz
Congrats to Cassidy Turley's Don Kortz, who was honored by Metro Volunteers for his years of volunteer service during the organization's 8th Annual Heart of Volunteers event this week. Don is a former member of the Governor's Task Force on Child Welfare, past board member for the Judith Ann Griese Foundation, past board chair for the Colorado Health Foundation, and a current board member of the Mizel Museum.

Do you think employees should be allowed to work at home? We may publish some responses next week. Send to: Jarred@bisnow.com.

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