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Things to Consider When Investing in Foreclosed Commercial Real Estate in Denver


February 20, 2019

There was a time when investing foreclosed commercial real estate in Denver, Aurora, Littleton and surrounds meant nothing but a headache. After all, investing run down buildings in less-than-desirable neighborhoods that are in desperate need of renovation is a terrific strategy to lose money, not make it. However, it’s safe to say that times are changing now. Across greater Denver, there are a wide variety of desirable commercial properties facing foreclosure that represent sound investment opportunities for investors and developers alike.

The reasons for this change are multi-faceted. Ten years ago, commercial lenders rarely dealt with commercial foreclosures. Now, they're relatively commonplace. The skyrocketing rate of commercial real estate mortgage defaults has required that banks become more flexible in order to get non-performing and/or unpaid loans off their books. By following these simple tips, and by relying on the expert commercial real estate team here at Elevation Group, you can wisely purchase a commercial investment property that’s free of headaches and red tape. 

Establish Contacts

Some of the most promising commercial real estate transactions come through properties sold through short sale. A short sale is a sale of real estate in which all of the proceeds from the property sale fall short of the debts secured by liens against the property. In circumstances such as these, sale can be made if all lien holders agree to accept less than the amount owed on the debt. The trouble with short sale commercial property transactions in and around Denver is that they’re not easy to come by. Establishing contacts at mortgage companies such as Elevation Group, and researching courthouse listing and legal ads can give you a heads up on such sales. 

Exercise Patience

One of the key differences between investing in commercial real estate and investing in residential real estate is that the process takes significantly more time. Expansions and renovations of foreclosed commercial properties can take months as opposed to weeks. Additionally, finding suitable tenants for an investment property is far more arduous that finding residential tenants. Partners like Elevation Group can give you an advantage when investing in commercial real estate in and around Denver because of our years of experience within this market.

Do Your Research

It may seem obvious, but many new commercial real estate investors fail to truly understand the demographics and trends in the Denver neighborhood they are planning on investing in. Whether you're searching for a commercial condominium in Park Hill, a retail space in the River North Art District, or a mixed-use development in Cherry Creek, understanding the history, demographics and cultural trends of the area is paramount in any commercial real estate venture.

At Elevation Group, our team prides itself on the personalized attention and dedication we provide each of our clients throughout the entire commercial real estate sale or purchase process. If you're interested in investing in commercial real estate in and around Denver, or if your interested in purchasing a property for your own business endeavor, Elevation Group is proud to be one of the region's leaders in commercial real estate sales. Contact us today to discuss your purchase plans and receive the most reliable and up-to-date information on the Denver commercial real estate market.
 
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What Makes Denver Commercial Real Estate Such an Attractive Option for Investors


January 16, 2019

The mile high city has loads of benefits for residents and businesses alike, as a thriving and booming economy has created serious financial returns for those who own homes and increasing the opportunities for skilled professionals. Denver has become a hub for technology-based companies, startups, and many other businesses seeking to make their mark in a city where their impact can truly be felt. Denver is a fantastic option for those seeking to make an investment in commercial real estate, and here are a few of the main reasons why.

Terrific Economic Outlook


In terms of economies in the United States, Denver is certainly near the top of the pack, with an unemployment rate near the lowest of all major cities in the US. For prospective job seekers, Denver offers a wide range of opportunities for individuals with a unique skill-set as well as those seeking less-skilled jobs, such as the service and retail industries. USA Today recently ranked Colorado as having the best economy of any state, showcasing how strong our economic outlook really is in the Centennial State. The With a population made up of many young professionals with expendable and disposable income, making Denver commercial real estate a great option to consider for firms and individuals seeking to create a valuable asset. 

Consistent Growth


According to a study by WalletHub, Denver’s economic growth remains strong and robust, giving investors in the commercial real estate sector a strong reason to consider making an investment in the marketplace. Even though growth has been strong for the past few years, Denver’s pace of growth hasn’t slowed down much and the mile high city still ranks fifth for all large cities in the United States. This study analyzed a number of economic and other types of metrics in order to determine which cities have the best economic growth in 2018.

Some of these factors including things such as the amount of growth in the college-educated population, the overall unemployment rate, and other various factors in order to determine which city is growing economically. Having an economy that is growing, especially with a skilled young professional population, is essential for making commercial real estate a viable option for investors. Retail and business real estate is only as valuable as the market which surrounds it, as the population will ultimately be the determining factor to how successful a particular asset will be. In this regard, Denver remains a sound market for commercial real estate investment. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
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What to Think About Before Investing in Denver Commercial Real Estate


January 9, 2019

Making the decision to invest in Denver commercial real estate is an incredibly appealing prospect for investors seeking to enter a tried-and-true commercial marketplace. Indeed, deciding to make the step of purchasing commercial real estate can be one of the smartest and most wise decisions and individual or group of individuals can make, as this type of investment can pay significant dividends in the long-term. However, there are a few important factors to consider prior to taking the plunge, as there are relevant and critical considerations to take before dipping your toes into this particular marketplace.

Get a Firm Understanding of the Marketplace


If you’re looking to invest in property in the Denver metro area, it’s important to understand that not every area is created equal. There are certain parts of town with a more solid financial and economic outlook which are better bets in terms of investment. But it is also important to be aware if an area has peaked or is far too expensive to expect a return on your investment in the short-term. 

Before starting the process of searching for your dream Denver commercial real estate property, first it’s important to define what your priorities are in regards to this substantial investment. If you’re seeking to receive an immediate source of income above what the cost of your payment is, you’ll want to assess what tenants are willing to pay for comparable property in the same area, as it will be easier to understand if your investment will pay off sooner or if you’ll have to wait several years before you can begin to rely on it as a source of income. Understanding the basic fundamentals of a marketplace are a major priority prior to engaging in this investment. 

Avoid Failing Businesses 


Let’s be clear: not every tenant is created equal, even if a business is willing to pay whatever rent you are trying to charge. There are certain businesses which are more likely to stick around for a longer period of time, such as established businesses moving into your space because it fits with their current financial plan or overall needs. Assuming that you’ll be able to count on a new clothing or electronics retail shop years into the future is simply not the case, as the marketplace will continue to shift towards ecommerce. You may still take on these businesses as tenants, just know that it may not last as long as you would like. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
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What Makes Denver Commercial Real Estate Such an Attractive Option for Investors


December 26, 2018

The mile high city has loads of benefits for residents and businesses alike, as a thriving and booming economy has created serious financial returns for those who own homes and increasing the opportunities for skilled professionals. Denver has become a hub for technology-based companies, startups, and many other businesses seeking to make their mark in a city where their impact can truly be felt. Denver is a fantastic option for those seeking to make an investment in commercial real estate, and here are a few of the main reasons why.

Terrific Economic Outlook


In terms of economies in the United States, Denver is certainly near the top of the pack, with an unemployment rate near the lowest of all major cities in the US. For prospective job seekers, Denver offers a wide range of opportunities for individuals with a unique skill-set as well as those seeking less-skilled jobs, such as the service and retail industries. USA Today recently ranked Colorado as having the best economy of any state, showcasing how strong our economic outlook really is in the Centennial State. The With a population made up of many young professionals with expendable and disposable income, making Denver commercial real estate a great option to consider for firms and individuals seeking to create a valuable asset. 

Consistent Growth


According to a study by WalletHub, Denver’s economic growth remains strong and robust, giving investors in the commercial real estate sector a strong reason to consider making an investment in the marketplace. Even though growth has been strong for the past few years, Denver’s pace of growth hasn’t slowed down much and the mile high city still ranks fifth for all large cities in the United States. This study analyzed a number of economic and other types of metrics in order to determine which cities have the best economic growth in 2018.

Some of these factors including things such as the amount of growth in the college-educated population, the overall unemployment rate, and other various factors in order to determine which city is growing economically. Having an economy that is growing, especially with a skilled young professional population, is essential for making commercial real estate a viable option for investors. Retail and business real estate is only as valuable as the market which surrounds it, as the population will ultimately be the determining factor to how successful a particular asset will be. In this regard, Denver remains a sound market for commercial real estate investment. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
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Seeking Your Next Denver Commercial Real Estate Project? Consider Old and Abandoned Buildings


December 19, 2018

The amount of new commercial real estate developments popping up in Denver is staggering and often hard to keep pace with. The mile high city is certainly in a building and booming stage of economic progress, as Denver continues to quickly transform itself into a modern metropolis worth investing in. But lost in the shuffle of the flashy new developments springing up at a rapid pace, there is another property development opportunity to consider and that’s old and abandoned buildings. Though many developers have begun to recognize the potential of revitalizing older properties, there is still room to take advantage of existing structures. Here are some of the things to consider.

Look for a Building with Good ‘Bones’


Before you jump at the opportunity to buy a historic or abandoned building simply because you think you’ll be able to transform it with ease, consider the things that are most important to the building itself. A building that has a solid foundation requiring little-to-no renovations is a much more desirable property than one that will require extensive work to the foundation. Some buildings will simply be too costly to make it worth the effort of renovating, but the ones that have good ‘bones’ are the ones to look for. 

No matter how beautiful or historic a structure may be, it’s probably not worth the effort if you’ll have to spend and arm and a leg just to get it to where you need it. Once you have the infrastructure in working order, you can begin to start the process of renovating and building over the bones of the building, allowing you to showcase your creative vision for the property. You don’t necessarily have to feel constricted by the original architect’s vision, as you can transform a space into something far outside of what was there before.

A Sustainable Approach to Development


New property developments include starting from scratch. That means bringing in completely new building materials in order to complete the construction process, one that involves shipping materials from all over the globe and increasing the amount of energy consumption necessary to finish the job. Many commercial real estate projects also involve demolishing existing structures in order to build the new one. Instead of starting the project from square one, an older property can allow you save on material costs as well as reducing your environmental impact, a win-win in the construction arena.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
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