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What's Happening in Colorado


April 2, 2020

Dear Real Estate Professionals,

I hope this finds you healthy and standing tall to meet the challenges ahead.  We may feel like we are six feet under, but we cannot lose sight of the fact that we are professionals and we have the skills and abilities to maneuver through anything.  Our greatest challenge in life is dealing with the unknown.  Our new unknown challenge is a bug named COVID-19 a.k.a the Corona Virus.  It has presented us with unprecedented damage to our families and businesses.   Unlike other types of natural disasters, our bricks and mortar are still standing.  We now need to formulate a plan to maintain their value and viability.   That is where DePaul Real Estate Advisors can help.   Our assistance combines decades of knowledge and experience in debt, equity, leasing, and investment sales markets.   Combined, we can help evaluate your assets and devise a plan to emerge strong on the other side of this Pandemic. 

Here are a few helpful links for small business aid via the Federal assistance programs.  In addition, there is other noteworthy news. We have also included a couple mind distracting links to escape for a minute or two from your day to day endeavors.  

Sincerely, 

Paul DeCrescentis
President
DePaul Real Estate Advisors

Paycheck Protection Program (PPP)
Loans That Will Cover Your Rent & Payroll and Can Be Forgiven In Time

The program provides cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy to snap-back quicker after the crisis. PPP has a host of attractive features, such as forgiveness of up to 8 weeks of payroll based on employee retention and salary levels. Learn more. 

> Apply For PPP At Any Lending Institution (See page 28)

SBA Economic Injury Disaster Grant (EIDL)
$10,000 Emergency Advance


These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you must first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.

> Apply Here For $10,000 Federal Grant

Denver Economic Development & Opportunity Emergency Relief
$7,500 Grant


Denver Economic Development and Opportunity (DEDO) has established an emergency relief fund to provide cash grants up to $7,500 to qualifying small businesses. The highest priority will be the industries most impacted by the coronavirus pandemic, such as the food industry. These businesses may have had to temporarily close, are struggling with paying their rent and utilities, or have had to lay off staff. Learn more.

> Apply Here For $7,500 Denver Grant

Other Resources:

Colorado Banks Ready For SBA Lending;
Page 28 Shows List By Town

U.S. Chamber Of Commerce Summary
of PPP and EIDL

Questions About Force Majeure Clauses

Questions About Business Interruption Insurance

Small Business Owner's Guide

ICSC Federal CARES Act Summary

Denver Metro Chamber All Things COVID and Relief Page

Real Estate News:


$124.6 Million Finance Project

Partnership receives refi loan for predevelopment of the River Mile Project 

The Western U.S. Dominated Leasing in 2019
New 2020 Office Leasing Spolight report from Cushman & Wakefield reports results

Some things just for fun:

A Virtual Playing Card Table - Play card games virtually with your friends and family online

100 Things To Do While Trapped Inside
 
CALL US TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com
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What's Happening in Colorado


February 4, 2020


$400M SALE
Denver's largest single office deal in more than a decade


Denver Property Tax Burdens Business Owners
Owners say taxes are hurting their daily operations


Denver's Past Decade in Review
Accelerated growth has defined the past 10 years


Office Job Growth
Denver competes to be among the top talent hubs

CALL PAUL OR JAROD TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com
Read More...

What's Happening In Colorado


November 21, 2019

Construction is struggling to keep up with demand for multi-family units in Denver.
Is Denver Overbuilding Multifamily?
The Numbers Indicate the Opposite



Schnitzer West Plans Three-building Office Development in Centennial
Phase I Will Offer 290,000 Rentable SF


Image via Pixabay
Hotel Development in RiNo
Construction Begins on 165-Key Hotel Near Local Dining and Entertainment Venues


CALL PAUL OR JAROD TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com
Read More...

What's Happening In Colorado


August 26, 2019

Negative-Yield 'Quicksand' Risks Trapping the U.S. Bond Market
Could we see a 0% yield 10-year Treasury?


Ohio Real Estate Company Purchases Brighton Apartments for $72M
12-Building apartment complex is powered with geothermal energy


Second In-N-Out Location Slated for Lone Tree, Colorado
Restaurant has a projected opening in 2020

CALL PAUL OR JAROD TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com
Read More...

Closed & Funded

DePaul Real Estate Advisors Announces Sale of New Dollar Tree Store in Grand Junction, CO

August 23, 2019

DePaul Real Estate Advisors is pleased to announce the successful sale of a single tenant investment property in Grand Junction, Colorado.

DePaul represented the seller in the transaction, DPC Companies, a Denver-based development firm. The buyer is a private 1031 investor represented by Justin Krieger at Pinnacle Real Estate Advisors. The property is subject to a new 10 year lease with Dollar Tree. "This asset has many attributes a sophisticated, passive investor desires: It is a new construction, a NNN lease structure, and an excellent credit tenant," says Jarod Pate, Vice-President of DePaul. The store is an outparcel to City Market (Kroger) and recently opened for business in August.

The Grand Junction area, estimated population of 150,000, is located on the Western Slope of Colorado, approximately 37 miles from the Utah state line which makes it one of the first places people stop when they cross the state line. It is the home of a thriving outdoors industry, manufacturing, agriculture and the Colorado Mesa University. 

DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income producing and investment properties, commercial financing, leasing and site selection. How can we help you execute your project? For more information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799. 
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