Add Row

Add Element

update

Denver Showcase News

update

Add Element

Home
Business Profiles
Featured Local Businesses
Categories

January 29.2026

2 Minutes Read

CP Group Acquires Denver Place: Implications for the Local Economy

Denver Place office complex in urban street scene.

Denver Place Changes Hands: What This Means for the City

The iconic two-tower complex known as Denver Place, situated at 999 18th Street in downtown Denver, is set to be acquired by CP Group, a Florida-based real estate company. This significant transaction marks another chapter in the evolution of Denver's office market, which has been grappling with high vacancy rates and challenging economic conditions.

Originally purchased in 2007 for $200 million by LBA Realty, Denver Place spans approximately 930,000 square feet. Recent reports indicate that the complex is currently 74% leased, with notable tenants including Vertafore, a software company. The pending sale, described as lender-driven, suggests significant restructuring within Denver's commercial real estate landscape.

Understanding the Current Market Dynamics

As the city of Denver faces a fluctuating office market, characterized by high vacancy rates and a surplus of sublease spaces, the implications of this sale resonate deeply. According to commercial property analysts, downtown Denver has experienced one of the softest markets in the nation, forcing many property owners and lenders to rethink their strategies.

With CP Group already owning the neighboring Granite Tower, their acquisition of Denver Place signifies a deliberate consolidation of assets along the busy 18th Street corridor. This move may allow for revitalization efforts that could enhance the appeal of both properties to potential tenants seeking quality office space in the downtown area.

Impacts on the Community

This acquisition potentially paves the way for future improvements to Denver Place itself. With CP Group's control over both towers, there might be opportunities for upgrades in amenities, lobbies, and overall tenant experience, factors that are increasingly important in attracting high-quality tenants amidst a competitive market.

However, the legal entanglement CP Group currently faces with Lone Star Funds over a nearby property acquisition raises questions about how smoothly this transition will proceed. The outcome of these lawsuits may influence the operational strategies of CP Group as they navigate their new ownership stakes.

What Lies Ahead

As this sale approaches finalization, stakeholders are closely monitoring how these changes will affect the broader downtown Denver area. Will this spark renewed interest in canning office spaces in Denver, or are we looking at a continuing trend of uncertainty? Only time will reveal the long-term impacts of this acquisition on Denver’s commercial landscape.

Business

0 Views

0 Comments

Write A Comment

Related Posts All Posts

02.21.2026

Explore the $18 Million Dream Home in Cherry Hills Village

Update Unveiling Luxury: The $18 Million Cherry Hills Masterpiece The Denver metro area has long been known for its picturesque landscapes and affluent neighborhoods, but one particular estate in Cherry Hills Village is turning heads with its staggering $18 million price tag. Owned by Mark and Amber McCammon, this sprawling mansion is a testament to contemporary elegance, harmoniously blending modern design with timeless aesthetics. Thriving on Timeless Design: A Closer Look When the McCammon family moved to the area in 2019, they sought a home that reflected their taste for sophistication while ensuring it would not quickly go out of style. Partnering with architect Don Ruggles, the design was inspired by Southern European influences, showcasing clean lines and warm tones. Mark McCammon emphasized their desire for a warm, inviting space, steering clear of fleeting trends like modern farmhouse styles. The result is a luxurious abode with gray walls and inviting lighting, designed to stand the test of time. Luxury Amenities You Can’t Miss This grand mansion does not just boast stunning design; it offers a plethora of state-of-the-art amenities meant for both relaxation and entertainment. With 22,500 square feet of space, the estate includes five bedrooms and ten bathrooms, as well as a thoughtfully designed theater and playroom for family bonding. The features that truly set this property apart are its stunning 16-foot, 2,000-pound custom Italian steel door, and the expansive travertine pool area that hints at a resort-like atmosphere. Other highlights include a sauna, steam shower, cold plunge, and even a hyperbaric chamber. The Market’s Buzz: Cherry Hills Village Real Estate Trends The Cherry Hills Village market is alive with record-breaking sales, including a recently sold mansion for $17 million, setting a new benchmark for the area. This $18 million listing adds to the allure of the neighborhood, reinforcing its reputation as one of Denver’s most coveted locations for luxury living. As individuals and families flock to Cherry Hills for its blend of tranquility and opulence, the McCammon’s home stands out as a prime example of what modern luxury looks like. Next Steps: A New Chapter Awaiting As the McCammons prepare to transition to a lifestyle in warmer climates, they reflect fondly on the time spent in their dream home. Mark expresses a bittersweet longing, wishing they could transport their beloved property to another location. With the home officially on the market, there’s a chance for another family to create lasting memories in this magnificent space.

02.21.2026

What Trump's New 10% Tariff Means for Families & Businesses

Update Trump's New 10% Tariff: A Swift Response to Legal Setbacks In a bold move following the Supreme Court's recent ruling, President Donald Trump announced a new 10% global tariff, replacing the tariffs that were struck down by the court. This decision follows a notable 6-3 verdict where the justices declared that Trump had overstepped his executive powers. The president, frustrated by the ruling, labeled the decision as "terrible" and criticized the justices, particularly calling out those appointed by Republican presidents who sided against his administration. The Legal Backdrop and Implications for Businesses The backdrop of this latest tariff announcement emerges from the judiciary's assertion that Trump's approach to imposing tariffs violated congressional authority. The court highlighted that Congress must explicitly delegate tariff powers, a point underscored by Chief Justice John Roberts. This ruling opens the doors for businesses affected by the tariffs to seek refunds, throwing a new layer of uncertainty into the trade landscape. Business Reactions: Relief Amidst New Challenges While investors on Wall Street showed signs of relief with stock prices rising post-announcement, small businesses expressed caution. Business leaders, like Beth Benike from Minnesota, articulated a sense of relief akin to a weight lifted due to the diminished tariff burden. However, the introduction of the new levy might reintroduce operational challenges and the potential for higher costs as companies scramble to adapt to Trump's aggressive trade tactics. Future Trade Policies: Navigating Uncertainty The implications of this ruling and Trump's immediate response may shape future U.S. trade policies significantly. While the president insists that he possesses alternative means to protect U.S. manufacturing and investments, experts warn of heightened unpredictability in the global trade arena. Analysts are now left pondering about the precise effects of these tariffs — whether they will ultimately bolster domestic production as intended or lead to further economic strain for American families. Conclusion: The Ongoing Trade Saga This latest tariff imposition serves as a reminder of the persistent turbulence within U.S. trade policy. As the legal battle continues, both consumers and businesses will need to brace for potential outcomes that could ripple through the economy. The landscape of international trade is evolving, and those affected must navigate these changes carefully, staying informed and prepared for the unexpected.

02.21.2026

Why Blank Barbers' Investment in Cherry Creek Matters for Denver Business

Update Blank Barbers Takes Root in Cherry Creek In an impressive move for local entrepreneurship, Blank Barbers has officially purchased its flagship location at 313 Detroit St., Cherry Creek, for $1.5 million. Owner Zackary Jarmon, who opened the charming barbershop in October 2019, made the decision to buy the property to secure its future in a neighborhood he deeply cherishes. Acknowledging his lack of real estate experience, Jarmon described the acquisition as a "good opportunity" that he couldn't pass up. A Journey Through Adversity Jarmon's journey with Blank Barbers has not been without its challenges. Initially, the shop struggled with foot traffic, serving only a handful of clients before the pandemic hit. However, once COVID-19 forced more people into seeking connection through personal grooming services, demand surged. Today, the shop sees around 100 customers daily. “It was almost worse before COVID than after because COVID got everyone so desperate to get out and do something,” Jarmon remarked, reflecting the pent-up desire for social interaction. Expanding Horizons Since its inception, Blank has expanded to new neighborhoods, opening a Platt Park location in 2023 and another in Wash Park by 2024. Jarmon’s strategy reflects patience and careful growth; he acknowledges that new locations are still cultivating their client base and are not yet generating the same volume as the Cherry Creek shop. "For a barbershop, it takes a while to reach the sales sweet spot, usually at least three years to build trust with clients," he commented. The Changing Landscape of Local Business The demographic of Cherry Creek has evolved significantly over the years, and with it, the opportunities for local businesses. Real estate in the area is highly competitive, and Jarmon’s decision to invest in property underscores a growing trend among small business owners to own rather than rent. The previous owner of the Cherry Creek building, Aaron LaPedis, purchased it for only $325,000 back in 2003, highlighting the rising property values in the district. His choice to sell reflects a broader trend of established businesses adapting to waves of change. Conclusion and Future Prospects Jarmon’s story is not just that of a barber; it is the embodiment of resilience and local commitment. As Blank Barbers continues to thrive in a post-pandemic world, it stands to inspire other local entrepreneurs to seize opportunities, adapt to changing landscapes, and invest in their communities. For those connected to the Denver business scene—whether parents, singles, or homeowners—Blank Barbers is a testament to the importance of cultivating a personal touch in an increasingly impersonal world. With plans for sustained growth and community engagement, the future looks promising for Blank Barbers.

CP Group Acquires Denver Place: Implications for the Local Economy

Denver Place Changes Hands: What This Means for the City

Understanding the Current Market Dynamics

Impacts on the Community

What Lies Ahead

Terms of Service

Privacy Policy

Core Modal Title