Tributary Real Estate Promotes Three Commercial Brokers

Tributary Real Estate (“Tributary”) recently announced the promotions of commercial brokers – Natalie Froland and Jona Behm to vice president and Ryan Peirona to associate broker.

“As we navigate the changing office environment, our clients continue to benefit greatly from the personalized tenant advisory approach that our team at Tributary is known for,” said Andy Cullen, partner and managing broker at Tributary. “Our people-first philosophy relies on the fact that we work with professionals who are not only exceptional at what they do but are passionate and thoughtful about how they do it. These are all qualities that Natalie, Jona and Ryan exemplify.”

Tributary’s approach to commercial real estate brokerage is rooted in its people and these promotions underscore the company’s continued dedication to recognizing and cultivating talent within the organization. Tributary’s select recent transactions include BOA Technology’s 87,000-square-foot lease renewal at Denver’s Taxi campus; a new, 8,400-square-foot lease for Big Brothers Big Sisters of Colorado at Tamarac Plaza II and a 5,100-square-foot renewal for 4240 Architecture in RiNo.

Tributary Partner Amy Aldridge added, “We are thrilled to have the opportunity to invest in our team and foster an environment that both rewards internal talent and also attracts professionals who share our commitment to excellence, integrity and delivering meaningful results.”

Tributary Real Estate Promotes Three Commercial Brokers2024-02-19T18:57:53+00:00

Denver Market Update: Q4 2023

Welcome to Tributary’s Quarterly Market Update, where we take you through the latest stats, trends and figures surrounding Denver’s office submarkets. In this segment, we hear from Partner Amy Aldridge and Associate Broker Max Stanton.

Re-considering your office market strategy? Reach out to our team.

Denver Market Update: Q4 20232024-01-04T23:41:14+00:00

Sky, Slopes And Software: Tech Companies Take To Colorado’s Mountain Towns

Tech companies coming to Colorado usually look to either Boulder or downtown Denver for their locations, even in today’s uncertain office market. But as hybrid work persists and Front Range prices keep climbing, a few rural gems are raising their hands as potential alternatives for trendy employers.

Aided by improving internet connections and adjacency to the state’s main draw, its quality of life via the Rocky Mountains, sparsely populated counties like Fremont and Chaffee are adding tech jobs, although it’s just a trickle.

While these emerging hubs are illustrative of the potential for Colorado’s tech industry, they also illustrate one of the market’s greatest weaknesses: The state most commonly attracts regional offices instead of headquarters, said Andy Cullen, managing broker at Tributary Real Estate in Denver.

Regional offices tend to be more susceptible to economic downturns because companies will essentially “roll up” their workforce to the main headquarters, Cullen said.

That means large local employers like Zoom and RingCentral, both of which are headquartered in California, could be willing to ditch their Denver offices to consolidate their workforce. There have also been companies that chose to downsize from a directly leased office to a coworking space because their workforce needs that level of flexibility, he said.

“These companies are catering to a talent pool that doesn’t have to specifically be in any one place,” Cullen said.

Read the full story at Bisnow.

Sky, Slopes And Software: Tech Companies Take To Colorado’s Mountain Towns2023-12-14T18:17:11+00:00

This Week’s Denver Deal Sheet

Boa Technology, a company that created the Boa Fit System for skis, signed a 10-year lease for more than 87K SF of office space at Zeppelin Development’s Taxi campus at 3575 Ringsby Court in Denver.

Boa has been a tenant at Taxi since 2012, according to a press release from Zeppelin. The lease is one of the largest commercial transactions in Denver this year. “Boa’s global headquarters in the Flight building at Zeppelin Development’s TAXI campus is an important epicenter for our company as an inspiring connection point for our employees, brand partners and community organizations,” Boa CEO R. Shawn Neal said in a press release. “We look forward to growing over the next decade in this great facility and supporting the surrounding community.”

Read the full story at Bisnow.

This Week’s Denver Deal Sheet2023-12-14T18:16:08+00:00

Empowering Denver: Lessons from the 2023 Leadership Exchange Trip to Minneapolis and St. Paul

By Andy Cullen, 10/2023.

There are times when the problems we’re facing as a city feel unique and intractable. Housing often feels like one of those areas. Rents in Denver have risen nearly 25% since 2020, and the population of unhoused on our streets grew by 32% year-over-year, based on a count the Metro Denver Homeless Initiative conducted. And, while Denver remains an attractive destination for relocating or starting a business, downtown continues to struggle to regain its vibrancy post-pandemic. (Stick with me, I promise this story gets more hopeful.)

In these situations, it’s easy to feel helpless or look to someone else to solve our problems. But one of the most valuable things our Denver Metro Chamber Leadership Foundation does every year with their annual Leadership Exchange (LEX) trip is connect 150 leaders in the business community here in Denver with leaders in other communities across the U.S. and beyond who are facing similar issues. The goal of the LEX trips is simple, and the results are powerful: we learn, explore, and bring back real opportunities and ideas for improving Colorado. These trips are a great reminder that we’re not alone in the challenges we face and there are a host of creative, workable solutions out there if we’re willing to step up and be part of the change we want to see.

This year, our destination was Minneapolis/St. Paul, where we delved into the twin cities’ challenges and triumphs in tackling issues like housing availability, homelessness, economic development and more. Here are some of our key takeaways:

A Grassroots Approach to Housing for All: Empowering Communities for Success

To successfully address issues surrounding homelessness in both the short- and long-term requires a connected effort from public-private partnerships: what many might deem a more grassroots approach versus a top-down approach. Communities and their stakeholders must be empowered to develop and implement solutions that are tailored to their specific needs.

Minneapolis has been using whole camp relocation as a strategy to address homelessness by moving people from encampments to temporary shelters or other housing options and providing people with immediate access to housing and services. On our trip, we had the opportunity to learn about Avivo Village, an indoor community consisting of 100 tiny homes in the North Loop neighborhood. It is a low-barrier shelter – meaning that there are no requirements for entry, such as sobriety or mental health stability – that provides housing and wraparound services to individuals experiencing homelessness. Since Avivo Village opened in 2020, over 400 individuals have been served and almost 150 have exited into permanent housing.

The Avivo Village concept was not created in a vacuum, it was a holistic public-private and community effort, from housed and unhoused individuals, community advocates, elected officials, social service professionals and philanthropic leaders. Avivo Village – both in mission and practice – has been well-received by the community overall. In an effort to be a good neighbor, the shelter established a community advisory board, which includes representatives from the surrounding community. These creative and real, practical solutions are most successful when they are backed by the commitment and involvement of everyone in and around the community.

Mayor Mike Johnston is taking a similar approach to addressing homelessness here in Denver, with a focus on public-private partnerships and community-tailored solutions through efforts to leverage existing housing resources, adapt hotels and build and scale micro-communities.

Triburary Visits Minneapolis/St. Paul

(L to R) Andy Cullen and Amy Aldridge at US Bank Stadium; US Bank Stadium; LEX Attendees Tour Avivo Village

Pro-Business Policies and Legislation Drive Innovation and Urban Vitality

Another important takeaway from the trip was that, unsurprisingly, policies and legislation that support a strong pro-business climate are essential for creating innovative environments and thriving city centers.

Having a tax structure that is attractive to businesses, as well as regulations that are fair and predictable are key to generating opportunities for homegrown companies. It is also important to invest in infrastructure and amenities that support businesses, such as transportation, education, and recreation.

We were particularly impressed by the collaboration between the neighboring cities’ leadership, with Mayors that could have been competitive instead, opting to share ideas and collaborate for the betterment of the region. Minneapolis and St. Paul have both worked towards creating thriving city centers and investing heavily in their downtown areas, including constructing a new arena and a new park.

Minneapolis is also home to innovation hubs, like the Minneapolis Innovation Center, a facility where startups, entrepreneurs, and established companies can participate in programs and initiatives designed to support innovation and entrepreneurship, including the Startup Accelerator Program. Minneapolis’ pro-business climate has kept companies around that are innovation powerhouses like 3M (which not only produces over 1,000 products locally but allows employees to use a portion of their time to develop passion projects, resulting in innovations like the Post-it® Note!).

Minneapolis’ new US Bank Stadium has generated billions of dollars in economic activity for the city, including through construction jobs, tourism, and hospitality spending. With the Broncos exploring the possibility of building a new stadium, there were some great insights into the challenges and opportunities for Denver to reap the same types of economic benefits, including job creation, increased tax revenue, improved infrastructure, and attraction of new businesses and investment.

Denver Can Be a Leader and Role Model for Urban Progress

The insights and tools our team and our fellow LEX participants came away with will hopefully catalyze changes that will significantly impact our city’s future. Denver has the opportunity to become a leader alongside other forward-thinking cities in addressing pressing urban issues. Our team here at Tributary was grateful for the opportunity to participate in the trip, and we look forward to putting what we learned to use as we continue to engage in the betterment of our community.

Empowering Denver: Lessons from the 2023 Leadership Exchange Trip to Minneapolis and St. Paul2023-10-25T17:39:12+00:00

Denver Market Update: Q3 2023

Welcome to Tributary’s Quarterly Market Update, where we take you through the latest stats, trends and figures surrounding Denver’s office submarkets. In this segment, we hear from Partner Andy Cullen and Senior Broker Jona Behm.

Re-considering your office market strategy? Reach out to our team.

Denver Market Update: Q3 20232023-10-02T20:11:24+00:00

Denver Market Update: Q2 2023

Welcome to Tributary’s Quarterly Market Update, where we take you through the latest stats, trends and figures surrounding Denver’s office submarkets. In this segment, we hear from Senior Broker Natalie Froland (left) and Partner Amy Aldridge (right).

Summary of office market data for Q2 2023

Re-considering your office market strategy? Reach out to our team.

Denver Market Update: Q2 20232023-09-01T18:56:16+00:00

Denver Market Update: Q1 2023

Welcome to Tributary’s Quarterly Market Update, where we take you through the latest stats, trends and figures surrounding Denver’s office submarkets. In this segment, we hear from Senior Broker Natalie Froland to discuss the first quarter of 2023.

Summary of office market data for Q1 2023

Summary of office market data for Q1 2023

Re-considering your office market strategy? Reach out to our team.

Denver Market Update: Q1 20232023-09-01T18:53:15+00:00

Tributary’s Talent: Meet Max Stanton

Here at Tributary Real Estate, we’re proud to have a close-knit team of talented professionals whose unique perspectives and specialized expertise not only make them invaluable assets to our team, but to our clients and the broader Denver business community.

In this series, we’ll highlight each employee to learn more about who they are, what they do and how they further Tributary’s mission of leveraging trusted relationships, depth of experience and robust real estate knowledge to provide a customized approach to commercial real estate brokerage and investment services.

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Tributary’s Talent: Meet Max Stanton2023-04-04T19:45:34+00:00

Takeaways from the Scotland Bioscience and Cleantech Roadshow

By Andy Cullen, 01/2023.

This past fall, I had the incredible opportunity to join a delegation convened by the Metro Denver EDC in Scotland to see firsthand how the country has become home to one of the largest life science clusters in Europe. We met with key leaders in the space – from members of Scottish Parliament to top life science innovators – to better understand how Colorado can gain a competitive edge in this rapidly-evolving field.

(more…)

Takeaways from the Scotland Bioscience and Cleantech Roadshow2023-01-25T21:16:10+00:00
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