New Owners Want New Blood
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Stream Realty's Judson Robertson is looking to the sea change in ownership among Denver real estate as a good thing. Especially if you're a firm chasing third-party leasing and management. "Sometimes, properties just need fresh blood," he says. (Like a vampire or Howard Hughes.) But it's not just new owners who are enlisting new brokerage firm representation, but even older landlords are looking for new representation.
Stream most recently snagged the leasing assignments with Monaco Plaza, a 58k SF office building at 4725 S Monaco St; Three Maroon, an 86k SF building in Englewood; and Justice Plaza, a 44k SF office building in Brighton (pictured). But is there a leasing slowdown in the making? "Not even a little bit," Judson says. "Companies continue to relocate and expand in Denver. We believe that this is something that will continue through 2014 and beyond. Something in Denver has fundamentally changed, and people recognize that."