Denver Herald Dispatch 0913

Page 1

SEPTEMBER 13, 2018

BREWING UP A GOOD TIME Great American Beer Festival to feature more than 800 breweries at three-day event P10

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Tech space mushrooms in downtown Denver Industry’s steep growth curve bringing big changes to commercial leasing BY ALAN TELLIS DENVERITE.COM

Pat Milbery blends paint on his mural on the side of Larimer Lounge. Milbery helped to found the So-Gnar Creative Division, which has painted murals all over the city. PHOTOS BY KAILYN LAMB

Adding hues to urban views Artists from around world visit RiNo for Crush Walls event STAFF REPORT

Walking down the alley between Larimer and Walnut streets, the sound of spray cans fills the air. Artists stand on ladders or lifts, painting the sides of buildings in every color of the rainbow. Pat Milbery, who lives a few

blocks away from his mural spot on the Larimer Lounge, said he likes to use bright colors in his art because it helps lift the spirits of passerby looking at the work. “I think people need it,” he said of adding colorful works to the sides of buildings. His mural, which includes a large tyrannosaurus rex and a purple octopus holding a boom box, has vibrant pinks and teals. Milbery painted the mural with Patrick McKinney. SEE VIEWS, P9

Anna Charney paints a mural for her third Crush Walls event. Charney uses stencils to help create some of the circles in her murals.

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DID YOU KNOW INSIDE

Denver’s tech industry has been growing so fast over the last several years that it is literally changing the way office space is utilized in the city, according to a recent report from commercial real estate services and investment firm CBRE. Changes include tech spaces taking up office space in Denver at twice the rate this year as last year. Over the past four quarters, downtown Denver alone has taken on an additional 472,282 square feet of tech-focused office space. “The net absorption is probably the biggest we’ve ever seen; it’s double from last year,” said Alex Hammerstein, a senior vice president with CBRE’s Tech and Media Practice in Denver. “It is obvious that there has been a significant change in the tech landscape.” The reasons for the massive tech boom are many, but Denver’s cost of living and ability to attract and foster a young, educated talent pool for tech companies are among the biggest. According to CBRE’s research, between 2010 and 2017 the share of people between 20 and 34 years old increased 16.9 percent. SEE TECH, P9

The median sales price of a single-family home in the Denver metro area in August was $445,000, an 8.5 percent rise from a year earlier.

Source: Denver Metro Association of Realtors

VOICES: PAGE 8 | LIFE: PAGE 10 | CALENDAR: PAGE 6 VOLUME 91 | ISSUE 45


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